The Taiwan facility management services market size was valued at $8,392.0 million in 2020, and is projected to reach $14,338.4 million by 2030, registering a CAGR of 5.7% from 2021 to 2030. Facility management services offer maintenance support and escalate the value of a building or infrastructure. In addition, these services have revolutionized commercial and industrial buildings, by maximizing returns on real estate investments for owners through value-added programs and superior management expertise. These services directly support owner’s financial and operational goals. The various types of facility management services consist of cleaning, electrical services, landscaping, plumbing, security, and others.
The factors such as increase in industrialization and urbanization, surge in residential and non-residential construction, and rise in awareness toward the protection of assets drive the growth of the Taiwan facility management services market. In addition, many facility management services providers such as CBRE Group, AssetPlus Taiwan Limited, and UEMS Group and others are aiming at integrating the sustainable development, technology, infrastructure, individuals, and real estate to get maximum efficiency. Thus, the increase in awareness toward safeguarding assets or properties is expected to boost the growth of the Taiwan facility management services market.
Furthermore, rapid expansion of infrastructural projects in the country are anticipated to lead to the progress of the industry. For instance, the commercial bank headquarters mixed-use projects in Taichung, Taiwan. The 200-meter, 40-storey high tower, consisting of 23,000 sq meter of construction, drive the growth of the Taiwan facility management services market. An increase in awareness of facility management services in institutional sectors and adoption of facility management services to maintain sustain building structures are expected to drive the growth of the market. Trends show that outsourcing facility management services are mostly used in public and private companies. Several countries are focusing on building constructions. For instance, an increase in the GDP of Taiwan grew by 5.4% from 2018 to 2019, drive the growth of the Taiwan facility management services market.
However, lack of managerial awareness and dependency on the in-house facility management team, and absence of large facility management services players in Taiwan hinders the Taiwan facility management services market growth.
Furthermore, the Taiwan government investments in the building infrastructure sector offer lucrative growth opportunities for the market player during the forecast period.
The COVID-19 pandemic has forced many companies in the Taiwan facility management services market to halt their business operations to comply with new government regulations for curbing the spread of COVID-19. This halt in operations directly impacts the revenue flow of the Taiwan facility management services market. In addition, there is a halt in providing facility management services to end users such as commercial, industrial, and institutional due to lack of manpower. In addition, no new consignments are being received by the companies operating in this sector. Hence, stoppage in construction activities and lockdowns for several months have affected the Taiwan facility management services market, with slow recovery is anticipated during 2021-2030.
By Service Type
Catring segment is projected to grow at a significant CAGR
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.
In-house segment holds dominant position in 2020
The key players profiled in the Taiwan facility management services market 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.
Major players are providing facility management services for residential, commercial, and industrial sectors. For instance, Assetplus Taiwan Limited deals in facility management services providers. It provides facility management services such as security, cleaning, HVAC systems, electrical and mechanical services, gas released, kitchen services, CCTV services, and surveillance systems. Hence, surge in residential and commercial construction activities are anticipated to drive the growth of the Taiwan facility management services market.
Commercial segment holds dominant position in 2020
Key Benefits For Stakeholders
- The report provides an extensive analysis of the current and emerging Taiwan facility management services market trends and dynamics.
- In-depth market analysis is conducted by constructing estimations for the key segments between 2021 and 2030.
- Extensive analysis of the Taiwan facility management services market is conducted by following key product positioning and monitoring of the top competitors within the market framework.
- A comprehensive analysis of all the regions is provided to determine the prevailing opportunities.
- The Taiwan facility management services market forecast analysis from 2021 to 2030 is included in the report.
- The key market players operating in the market are profiled in this report, and their strategies are analyzed thoroughly, which help understand the competitive outlook of the Taiwan facility management services industry.
Taiwan Facility Management Services Market Segments
By Service Type
- North America
- Rest of Europe
- Rest of Asia-Pacific
- Latin America
- Middle East
- CBRE Group Inc
- Diversey Holdings Ltd
- AssetPlus Taiwan Limited
- ISS A/S
- G4S Limited
- Jones Lang LaSalle IP, Inc
- UEMS Solutions
- Cushman & Wakefield Inc
- Rentokil Initial Plc.
Taiwan Facility Management Services Market Report Highlights
By SERVICE TYPE
By END USER
Key Market Players
COLLIERS, ISS A/S., CBRE GROUP, INC. (CBRE TAIWAN), CUSHMAN & WAKEFIELD, INC., JONES LANG LASALLE IP, INC., G4S LIMITED, RENTOKIL INITIAL PLC, DIVERSEY HOLDINGS LTD., ASSETPLUS TAIWAN LIMITED, UEMS SOLUTIONS
According to the insights of CXOs of leading companies in the industry, the Taiwan facility management services market has witnessed substantial growth over the past few years, owing to a stringent norm related to building safety, and rise in construction activities. In 2020, the property segment dominated the market and is expected to continue this trend in the future.
Facility management services are largely adopted in various end-users such as offices, malls, industrial buildings, government, and commercial buildings. A rise in demand for catering, cleaning, and security services from institutional and industrial sectors, fuels the growth of the Taiwan facility management services market.
A rise in awareness of people toward maintenance of assets and growth in new construction activities, fuels the growth of the Taiwan facility management services market. For instance, in April 2020, Taiwan government spent around $204 million on Tamsui North Shore Road Project. The project will be completed till 2023. In addition, the increase in industrialization and rise in urbanization in Taiwan, fuels the growth of the Taiwan facility management services market. Moreover, the upsurge in household income of individuals and growth in residential and infrastructural construction supplements the growth of the Taiwan facility management services market growth. However, lack of managerial awareness, and dearth of skilled workforce, fuels the growth of the Taiwan facility management services market. On the contrary, government spending on the expansion of the infrastructure industry is anticipated to provide lucrative opportunities for the growth of the Taiwan facility management services market.