Current Potential of the Chile Facility Management Market
Chile facility management market is at a growing stage. Chile facility management market in terms of revenue has increased at a positive CAGR of ~% during the review period 2013-2018. This growth was supported by increasing investor activities, cost control measures, greater demand from many end user sectors, adoption of sustainable practices and technological advances, along with rising demand for commercial and industrial sector in the country, wherein market players catered to the needs of the clients for both hard and soft services. Growth of the construction industry, owing to the government’s plan with respect to the development of transport infrastructure, energy and utilities coupled with affordable housing and investments in sea ports, railway lines, and special economic zone has triggered the demand for F facility management services in the country.
Integrated services are the largest contributor in the industry in terms of the revenues of the facility management industry in 2018 due to the nascence of FM industry and low awareness. The companies opt for integrated services in order to limit complexity by reducing number of service suppliers, maintain single point of contract and establish financial certainty of the customers. There are very few players offering integrated services as many players outsource the services which led to low revenue generation from this segment. Facility management market in Chile holds opportunities for potential FM companies to enter the market and provide its services, majorly in the commercial and hospitality sector, through development of large scale projects.
Chile Facility Management Market Segmentation
By Soft Services and Hard Services: Soft services contributed a significant share in the market of facility management in Chile with respect to revenue in 2018. The development in sectors such as real estate, commercial and tourism has amplified the demand for soft services in the country owing to rise in need for housekeeping, security and landscape access. The growing tourism in Chile has prompted the government to improve the airport facilities present in Chile. This includes construction of new projects which will aim to improve the customer. This has resulted in demand for high quality soft services. On the other hand, hard services accounted the remaining revenue share in facility management market.
By Type of Services (Single Services, Bundled Services & Integrated Services): Integrated facility services contributed a major share in terms of generating revenue for the industry in the year 2018. Bundled services are largely demanded by retail and commercial private sectors. This was followed by single and bundled facility management services in 2018.
By End User Sectors (Industrial and Public Infrastructure, Retail and Commercial, and Residential): Commercial sector contributed the highest revenue share in the overall facility management industry in Chile in the year 2018. This was followed by the residential sector and industrial sector. The infrastructure sector was largely driven by government expenditure on maintaining and developing roadways, rails and airports.
By Personnel Type (Out-Sourced Personnel & In-House Personnel): Facility management market in Chile in the year 2018 was dominated by services which required in-house staff for the companies in the market. It accounted for more than half of the total revenue share in the FM market of Chile while, the remaining share was accounted by the outsourced personnel segment during the year 2018.
Key Segments Covered:-
Soft Services and Hard Services
Others (Pantry Services, Waste Management and Mailroom)
Electromechanical Services (including HVAC)
Operational and Maintenance Services
Fire Safety and Security Systems
Type of Services
Integrated Facility Services
End User Sectors
Industrial and Public Infrastructure
Retail & Commercial
Key Target Audience:-
Facility Management Companies
Real Estate Companies
Time Period Captured in the Report:-
Historical Period - 2013-2018
Forecast Period - 2018-2023
Jones Lang LaSalle (JLL), Chile
Coldwell Banker Richard Ellis (CBRE), Chile
Grupo Eulen, Chile
Grupo Facility, Chile
All Facility, Chile
Linkes Facility, Chile
Cushman and Wakefield, Chile
Key topics covered in this report:-
Chile Facility Management Market
Chile Facility Management Industry
Facility Management Services Chile
Chile Retail Facility Management Market
Chile Industrial Facility Management Market
Chile Upcoming Commercial Projects
Fm Bundled Services In Chile
Iss Facility Services Market Revenue Chile
Facility Management Vendor Selection Chile
For information click on the below mentioned link:-
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Ankur Gupta, Head Marketing & Communications