Indian Facility Management Market Report and Forecast 2024-2032

Indian Facility Management Market Report and Forecast 2024-2032

Market Outlook

According to the report by Expert Market Research (EMR), the Indian facility management market size is projected to grow at a CAGR of 9.1% between 2024 and 2032 reaching a value of approximate USD 100.73 billion by 2032. Aided by the growing demand for integrated management solutions and rising outsourcing of services by companies, the market is expected to grow significantly by 2032.

Facility management is a comprehensive, interdisciplinary field dedicated to the coordination of space, infrastructure, and people, often linked to the administration of office blocks, convention centres, schools, sporting complexes, and other shared environments. This sector in India is experiencing a transition, evolving from a predominantly manpower-based industry to one incorporating the latest technology and internationally recognised best practices.

One of the recent Indian facility management market trends is a growing inclination towards integrated facility management services, offering an amalgamation of multiple disciplines and services to ensure functionality, comfort, safety, and efficiency of the built environment. Such services comprise of janitorial services, property management, security, and other vital support services essential for the smooth running of any establishment.

Furthermore, the real estate boom, particularly in the commercial sector, plays a vital role in boosting the Indian facility management market growth. The surge in new office spaces, especially in tech parks and special economic zones across major cities like Bengaluru, Mumbai, Delhi, and Pune, has intensified the demand for top-notch facility management services.

Meanwhile, the adoption of smart technology and the Internet of Things (IoT) has bolstered the Indian facility management market demand. Modern facility management companies are now embracing digital transformation, utilising tools like integrated building management systems, data analytics, and artificial intelligence to provide efficient, predictive, and sustainable services. Such technological integration not only ensures cost-effectiveness but also delivers enhanced user experience and resource optimisation.

The Indian facility management market analysis also reveals a growing emphasis on sustainability and green practices. With the focus towards reducing carbon footprints, facility management firms in India are actively incorporating sustainable practices in their services. This includes the use of green cleaning products, energy-efficient practices, waste reduction, and the promotion of healthier workplace environments. Such sustainable measures not only resonate with the global move towards eco-friendliness but also significantly reduce operational costs in the long run.

Market Segmentation

The market can be divided based on services, sector, end use, spending pattern, and region.

Market Breakup by Services

• Soft Services
• Technical Services
• Pest Management Services
• Support Service
• Cleaning
• Security
• Hospitality
• Others

Market Breakup by Sector

• Organised Sector
• Unorganised Sector

Market Breakup by End Use

• Commercial
• Residential
• Industrial

Market Breakup by Spending Pattern

• In-House
• Outsourced

Integrated

• Others

Market Breakup by Region

• North
• South
• East
• West

Competitive Landscape

The EMR report looks into the market shares, plant turnarounds, capacities, investments, and mergers and acquisitions, among other major developments, of the leading companies operating in the Indian facility management market. Some of the major players explored in the report by Expert Market Research are as follows:

• Dusters Total Solutions Services Pvt. Ltd.
• BVG India Limited
• CLR Facility Services Pvt. Ltd.
• Orion Security Solutions Pvt. Ltd.
• CSK Facility Management Pvt. Ltd.
• Checkmate Group
• ISS Facility Services India Pvt. Ltd.
• Handiman Services Limited
• A La Concierge Services Pvt. Ltd.
• UrbanClap Technologies India Pvt Ltd.
• HouseJoy
• Others

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*We at Expert Market Research always strive to provide you with the latest information. The numbers in the article are only indicative and may be different from the actual report.