Taiwan facility management services market was a growing and dynamic industry. Facility management services refer to the outsourcing of various non-core business functions to external service providers, allowing companies to focus on their core competencies while benefiting from specialized expertise in managing their facilities.
The demand for facility management services in Taiwan was primarily driven by the growth of commercial, industrial, and residential real estate sectors. As businesses and property owners sought more efficient and cost-effective ways to manage their facilities, the market for facility management services expanded.
Key services offered in the Taiwan facility management services market include:
Building Maintenance: Regular maintenance and repair of building systems, including HVAC (heating, ventilation, and air conditioning), plumbing, electrical systems, and structural elements.
Cleaning and Janitorial Services: Cleaning and upkeep of interior spaces, common areas, restrooms, and other facilities to ensure a clean and sanitary environment.
Security Services: Implementing security measures, such as access control, surveillance, alarm systems, and personnel for ensuring the safety of occupants and assets.
Energy Management: Monitoring and optimizing energy usage through efficient lighting, HVAC controls, and other energy-saving technologies to reduce operational costs and environmental impact.
Waste Management: Proper disposal and management of waste materials, including recycling programs and waste reduction strategies.
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.
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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.
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