The China Facility Management Market Analysis, 2020 research report depicts a deep-dive market analysis of statistics of the China Facility Management market which consists of region-wise market size, market forecast, CAGR market segmentation, market shares of diverse regions, market share of various sectors, forms of facility management, applications, services, competitive benchmarking, etc.
According to MarkNtel Advisors’ research report titled “China Facility Management Market Analysis, 2020”, the China Facility Management market is anticipated to grow at a CAGR of around 5.47% during 2020-25. The major reason for the rise in the China Facility management market in 2020 is the rapid rise of the healthcare sector in the country. Moreover, the government’s “Made in China 2025” plan, coupled with investment in real estate is expected to escalate the demand for facility management services in China.
Cleaning Services is Estimated to Emerge as the Fastest Growing Segment in the Coming Years
In 2019, the cleaning services acquired the major market share in the Facility Management market in China. The demand for cleaning services is primarily emerging from hospitals, hospitality, retail, and educational institutes due to a larger space in these locations. However, the residential sector is also generating demand for facility management due to benefits such as cost-effectiveness, time-saving, and proper maintenance.
Commercial Sector is Expected to Dominate in Market during 2020-25
The commercial sector dominated the China Facility Management market in 2019 and the trend is expected to remain the same in the forecast period 2020-25 as well, owing to the rising commercial sector due to increasing investment in the infrastructure in the country. Furthermore, East China was the leading region and captured the major market share in China Facility Management Market in 2019, owing to a large number of industries and commercial space present in the region. However, North-West China is also expected to witness a considerable market share in the China Facility Management market, as stated in the MarkNtel Advisors’ research report “China Facility Management Market Analysis, 2020”.
According to MarkNtel Advisors, the Facility Management market in China is highly fragmented due to the availability of numerous players operating in the market in several verticals. The key players with a considerable market share in the China Facility Management Market include CBRE Group, Inc., Cushman & Wakefield (China), Synergis Holdings Limited, Colliers International Property Services Ltd., Shanghai Aideite Facilities Management Co., Ltd. Etc. Moreover, the strategic alliances between local and international players are leading to a competitive environment in the industry.
Key Questions Answered in the Market Research Report
Market Outlook, Segmentation, and Statistics
Frequently Asked Questions
Q. What is the historical year, base year and forecast year considered in the research report on China Facility Management Market?
A. The historical data has been provided since 2015, while the base year is 2019 and the data is forecast up-to 2025.
Q. What are the units or denomination for measuring market value in the report?
A. The market size/industry size or the market value is measured in terms of USD Million.
Q. What would be the growth rate or CAGR of China Facility Management Market during 2020-25?
A. The growth rate of China Facility Management Market during 2020-25 is forecast to be more than 5%.
Q. Which region would grab the highest market share during 2020-25?
A. It is forecast that East- China will dominate the market with a majority market share, with market size registering considerably higher CAGR.
Q. Who are the key competitors or players operating Asia Pacific Hand Sanitizer Market?
A. CBRE Group, Inc., Cushman & Wakefield (China), Synergis Holdings Limited, Colliers International Property Services Ltd. Shanghai Aideite Facilities Management Co., Ltd., Etc. are few of the leading players in the China Facility Management Market.
Q. Which service segment would emerge as an opportunity area for players in China Facility Management Market?
A. Cleaning services are expected to attain the highest CAGR during the forecast period and maintain its significant market share.
Q. Which Sector would emerge as an opportunity area for players in China Facility Management Market?
A. The Commercial sector grabbed a significant market share continue to grow at the highest CAGR, presenting immense opportunities for manufacturers and suppliers of Asia China Facility Management Market.