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The growing construction activities for residential buildings, commercial spaces, hospitality, and healthcare are anticipated to boost the growth of the Facility Management market in the years to come. In addition, the flourishing tourism sector has strongly impacted the demand for new hotels in the country thereby increasing the requirement of facility management services in Zambia.
According to the MarkNtel Advisors’ research report titled “Zambia Facility Management Services Market Analysis, 2020”, the Facility Management market is anticipated to register a CAGR of around 3% during 2020-25. The hard facility management services acquired the highest market share in the Zambia Facility Management market.
The introduction of new hotels and hospitals in the country has become one of the major drivers for the increased demand for hard facility management services. However, the demand for soft services is expected to outperform the hard facility management services in the years to come. The introduction of better technical expertise and growing utilization of automation have reduced manpower and increased accuracy, thereby boosting the growth of soft services in Zambia.
According to MarkNtel Advisors, the companies with a substantial market share in the Zambia Facility Management market include Broll Zambia, Cushman & Wakefield Excellerate Properties Zambia Limited, Sunbird Group Zambia, G4S, etc. The companies are expanding their business by providing services in different areas to gain a competitive edge in the industry. For instance, Cushman & Wakefield Excellerate Properties have future plans to expand their services in southern, western and northern Africa.
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 Zambia Facility Management market?
A. The historical data has been provided since 2015, while the base year is 2019 and the data is forecasted 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 Zambia Facility Management market during 2020-25?
A. The market size of Zambia Facility Management market during 2020-25 is forecast to be around 3%.
Q. Which type of facility management services would grab the highest market share during 2020-25?
A. It is forecast that hard facility management services will dominate the market with majority market share, with market size registering considerably higher CAGR due the arrival of new hotels and hospitals in the country has become one of the major drivers for the increased demand for hard facility management services.
Q. Who are the key competitors or players operating in Zambia Facility Management market?
A. Broll Zambia, Cushman & Wakefield Excellerate Properties Zambia Limited, Sunbird Group Zambia, G4S are few of the leading players in the Zambia Facility Management market.
Q. Which operational model would emerge as an opportunity area for players in facility management?
A.The In-house services captured the highest market share in the Zambia Facility Management market due to satisfaction with in-house services, low budget, perceived high risk.
