The Philippines Facility Management Market was valued at USD 3.4 billion in the previous year and is expected to register a CAGR of 6.31% during the forecast period to become USD 4.95 billion by the next five years. The market sizing estimates reflect the revenue generated by the market vendors of the country from their FM services, including both hard and soft services used by various end-user segments, such as commercial, institutional, public/infrastructure, and industrial segments, which are managed by both in-house and outsourced team of the vendors operating in the Philippine market.
The Philippines facility management market is fragmented with the presence of major players like Atalian Global Services Philippines Inc., Servicio Filipino Inc., Meralco Industrial Engineering Services Corporation, SGS Philippines Inc. (SGS SA), and Cushman & Wakefield PLC. Players in the market are adopting strategies such as partnerships, mergers, innovations, and acquisitions to enhance their product offerings and gain sustainable competitive advantage.
In February 2023, Cushman & Wakefield PLC opened a Shared Services Center (SSC) in Manila, Philippines. The center is located on the 32nd floor of the BDO Ecotower along 9th and 32nd Street, Bonifacio Global City, Metro Manila.
In June 2022, to advance sustainability in the Philippines, Seochang Electric Communication Co. Ltd. and the Meralco Industrial Engineering Services Corp. (Miescor), a division of the Manila Electric Co. (Meralco), partnered on a clean energy research and development initiative.
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