According to MarkNtel Advisors, the Indonesia Facility Management Market is projected to witness around 9.60% CAGR during 2022-27. The market growth owes principally to the swiftly improving Indonesian economy, i.e., boosting the number of multinational companies in the country and surging the demand for facility management services to yield better operational efficiency.
By using facility management services, enterprises can save operational costs & time and focus on the main business objective, i.e., growth. Besides, the Indonesian government is actively taking various initiatives & substantially investing in several infrastructure development activities, which is another crucial aspect expected to bolster the demand for hard & soft facility management services in the country over the forecast years.
The people of Indonesia usually prefer local labor for the soft services or directly contact the OEM in the case of hard services. Due to the price sensitivity among the customers and lack of awareness about the importance of facility management services, the market has observed low penetration.
However, with the emergence of MNCs in the country, especially in the construction sector, coupled with the mounting demand for industrial & residential spaces, the facility management market has witnessed considerable growth in the previous few years, both for hard & soft services, further states the research report, "Indonesia Facility Management Market Analysis, 2022."
Demand for Hard services to Witness Progressive Growth during 2022-27
Based on the Type, the Indonesia Facility Management Market segments into:
The vast capabilities of Hard services, comprising maintenance & management of fire alarms, elevators, wirings, plumbing, heating, lighting, etc., in buildings is the prime aspect that would drive the market. Besides, the increasing investments by the Indonesian government in real estate buildings & public infrastructure are also likely to fuel the demand for facility management for hard services, states MarkNtel Advisors in their research report, “Indonesia Facility Management Market Analysis, 2022.”
Key Market Competitors
According to MarkNtel Advisors, the leading players in the Indonesia Facility Management Market are Atalian Global Services, Colliers Facility Management Services, ISS Facility Services Inc., JLL Inc., Leads Property Services Indonesia, Maple Leaf Relocation and Facility Services, Shield on Services (SOS), Spektra Solusindo, PT. Sodexo Motivation Solutions Indonesia, and CBRE Indonesia.
Key Questions Answered in the Study
Market Segmentation: