Taiwan Facility Management Services Market Expected to Reach $14.3 Billion by 2030-Allied Market Research

According to a new report published by Allied Market Research, titled, “Taiwan Facility Management Services Market by Service Type, Type, and End User: Country Opportunity Analysis and Industry Forecast, 2021–2030,” The Taiwan facility management services market size was valued at $8.3 billion in 2020, and is projected to reach $14.3 billion by 2030, registering a CAGR of 5.7% from 2021 to 2030. The commercial segment is estimated to generate around 47.8% share of the Taiwan facility management services market during the forecast period.

A rise in adoption of facility management services such as cleaning, security, janitorial services, and catering services in commercial and industrial applications, fuels the growth of the Taiwan facility management services market. Taiwan facility management services market are widely adopted in industrial and commercial sectors. An adoption of facility management services such as security, cleaning, and electrical services, and HVAC systems, in malls, government buildings, and offices, fuels the Taiwan facility management services market growth. Further, rise in spending on residential and infrastructure construction projects are expected to fuel the development of the market. For instance, the China government spending on construction sector in Taiwan grew by over 30% from 2014 to 2018. In addition, a rise in consumer awareness towards green buildings and growth in travel and tourism industry are expected to drive the growth of the Taiwan facility management services market. 

A rise in urban population and industrialization increases the demand for sustainable development of building construction, fuels the growth of the Taiwan facility management services market. However, absence of large players in facility management services in Taiwan, and lack of managerial awareness and dependency on the in-house facility management team, are anticipated to restrain for the growth of the Taiwan facility management services market. Contrary, growth in investments in the construction industry and infrastructure sector is anticipated to provide lucrative opportunities for the growth of the Taiwan facility management services market.

The Taiwan facility management services market is segmented based on service type, type, end user, and region. Based on service type, the market is bifurcated into a property, cleaning, security, catering, and others. Based on service type, property was the largest revenue-generating segment in 2020.

Based on type, the market is divided into outsourced and in-house. On the basis of type, the in-house segment generated the highest revenue in 2020. Based on end user, the market is divided into end user, the market is divided into commercial, institutional, public/ infrastructure, industrial, and others. By end user, commercial segment generated the highest revenue in 2020.

The key players profiled in the report include CBRE Group Inc, Diversey Holdings Ltd, AssetPlus Taiwan Limited, ISS A/S, G4S Limited, Jones Lang LaSalle IP, Inc, UEMS Solutions, Cushman & Wakefield Inc, Colliers, and Rentokil Initial Plc.

Key Findings Of The Study

• The report provides an extensive analysis of the current and emerging Taiwan facility management services market trends and dynamics. 
• Depending on service type, the property segment dominated the facility management services market, in terms of revenue in 2020 and others is projected to grow at a CAGR 5.9% during the forecast period.
• By type, the in-house segment registered highest revenue in the facility management services market in 2020.
• Depending on end-user, the commercial segment dominated the facility management services market, in terms of revenue in 2020.
• The key players within the Taiwan facility management services market are profiled in this report, and their strategies are analyzed thoroughly, which help understand the competitive outlook of the facility management services industry.
• The report provides an extensive analysis of the Taiwan facility management services market trends and emerging opportunities of the market. 
• In-depth facility management services market analysis is conducted by constructing estimations for the key segments between 2021 and 2030.
• The Taiwan facility management services market forecast analysis from 2021 to 2030 is included in the report.