Chile Facility Management Market Revenue is driven by Growth in Commercial Sector and Surge in the Total Number of Infrastructural Projects: Ken Research

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Increasing demand for Integrated Facility Management (IFM) services, High-growth in the Construction industry and expansion of commercial sector has driven the growth of facility management services market in Chile.

Analysts at Ken Research in their latest publication Chile Facility Management Market Outlook to 2023 – By Soft Services (Housekeeping, Security, Landscaping and Others); By Hard Services (Electromechanical Services, Operations and Maintenance Services, Fire Safety and Security Systems); By Integrated Services; and By End User Sectors (Industrial and Public Infrastructure, Retail and Commercial, Hospitality and Residential)believed that the facility management market in Chile will increase owing to the rising commercial office supply, increase in hotel room supply and more number of shopping malls to be completed in next 5 years. This rise is expected to boost the demand for facility management services in the country owing to the requirement of both soft and hard services. The market is expected to register positive double digit CAGR of 14.7% in terms of revenue during the forecast period 2018-2023.

Key Findings:-

Increase in project activities centered on tourism and commercial sector have raised the demand for both soft and hard facility management services in the country. Moreover, potential construction and development projects such as the commercial centers those are under development in the country’s capital with a total of 480,000 Sqm of surface leasable has created opportunities for FM companies.

Rising number of foreign expatriates in the country has led to growth of the facility management industry. During the year 2017, a record total of 6,449,993 international tourists visited Chile, showcasing a 13.3% increase from 2016. Argentina remained the most common country of origin, followed by Brazil.

Hard facility management services are also gaining traction owing to their increasing requirements coupled with rise in infrastructure projects. The segment is expected to grow at a forecasted CAGR of 18.0% during the period 2018-2023.

Chile Facility Management Market

Smart facility management is one of the growing trends that have changed the service delivery model of the facility management companies within Chile as they become more technology driven. These technologies help a facility management end user to effectively supervise assets, breakdown reporting, employee details, plan preventive maintenance schedules, scheduling, inventory, vendor management and procurement and MIS reports in an effective methodology.

The Commercial as well as Industrial sector in Chile are some of the major end consumers of the facility management services in the country. The increase in the total number of commercial and industrial projects has led to increasing demand for facility management services in the country. Industrial production in Chile averaged at 1.82% from 1997 until 2018, which was at a relatively stagnant level.

A tax modernization project was announced during August 2018 which included 13 measures to boost the country´s growth and development. Out of those, one measure is solely focused towards raising the property values that could benefit from special VAT credit thus, encouraging both residential and commercial property purchases within Chile. This has resulted in rising demand for facility management services (especially soft services) in the country.

Competitive landscape within the market has evolved with increasing number of domestic and international companies entering this space. Major players include JLL, ISS, Colliers, Sodexo, Colliers, Grupo Facility, CBRE, Aramark and others. Chile launched its 9th five year development plan 2016-2020. The plan laid special focus on five sectors including manufacturing, transport and logistics services, tourism, fisheries and mining. The output of mining and quarrying industry grew by 17.8% from 2016 to 2017, whereas the output of manufacturing industry grew by 12.7% in that period. This indicates that these industries have grown at high rate therefore, generating demand for facility management services in Chile.

Key Segments Covered:-

Soft Services and Hard Services

Soft Services

Cleaning Services

Landscaping Services

Security Services

Others (Pantry Services, Waste Management and Mailroom)

Hard Services

Electromechanical Services (including HVAC)

Operational and Maintenance Services

Fire Safety and Security Systems

Type of Services

Single Services

Bundled Services

Integrated Facility Services

End User Sectors

Industrial and Public Infrastructure

Retail & Commercial

Hospitality

Residential

Personnel Type

Outsourced Personnel

In-House Personnel

Key Target Audience:-

Facility Management Companies

Real Estate Companies

Foreign investors

Time Period Captured in the Report:-

Historical Period – 2013-2018

Forecast Period – 2018-2023

Companies Covered:-

ISS, Chile

Jones Lang LaSalle (JLL), Chile

Sodexo, Chile

Coldwell Banker Richard Ellis (CBRE), Chile

Colliers, Chile

Grupo Eulen, Chile

Grupo Facility, Chile

All Facility, Chile

Linkes Facility, Chile

Mancorp, Chile

Cushman and Wakefield, Chile

Aramark, Chile

Keywords:-

Chile Facility Management Market

Chile Facility Management Industry

Facility Management Services Chile

Fire Safety And Security Systems Market Chile

Chile Retail Facility Management Market

Chile Facility Management Growth In Hotel

Santiago Facility Management Industry

Chile Upcoming Commercial Projects

Fm Bundled Services In Chile

Fm Bundled Companies In Chile

Linkes Facility Management Market Revenue

Facility Management Vendor Selection Chile

Major Facility Management Companies Chile

Chile Facility Management Market Revenue

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Facility Management Security Services In Chile

Chile Operations And Maintenance Services Market

For information click on the below mentioned link:-

Chile Facility Management Market

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Contact Us:-

Ken Research

Ankur Gupta, Head Marketing & Communications

Sales@kenresearch.com

+91-9015378249

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