PUBLISHER: Frost & Sullivan | PRODUCT CODE: 1610990
PUBLISHER: Frost & Sullivan | PRODUCT CODE: 1610990
Service Scalability and Compliance Needs Driving Transformational Growth in Facility Management
The Australia and New Zealand (ANZ) facility management (FM) market is well established and relatively mature, experiencing steady growth post-disruptions of 2020, supported by stable economic conditions and consistent growth patterns. With inflation easing in 2023, service providers are benefitting from more predictable margins and cost stability. Infrastructure development and a highly educated customer base have been vital to market demand.
However, challenges remain with the commoditization of services and ongoing concerns about budgetary controls. The competitive nature of the FM market in ANZ and the relatively slower adoption of technology in New Zealand are also impacting future market development. Despite these obstacles, the ANZ market remains lucrative to global and domestic FM providers. The extensive asset base across several end-user sectors and increased need for technical expertise in the region are key areas of opportunity. The appreciation for value-added service propositions in the region is another attractive factor.
This study analyzes the ANZ FM market, covering market drivers, restraints, forecasts, trends, and the competitive landscape from 2021 to 2029, with 2023 as the base year.