The Facilities Management Services industry has benefited from increasing willingness among the private and public sectors to outsource non-core business activities. Increases in the number of mining projects have resulted in a growing need for facilities management in the form of accommodation management and maintenance services. Strong demand from the healthcare and education sectors has also driven industry growth. Over the five years through 2015-16, industry revenue is forecast to expand at an annualised 1.8%. In 2015-16, industry revenue is expected to grow by 4.3% to reach $9.6 billion.
Players in the industry primarily provide a range of non-core business services that allow buildings and precincts to operate effectively. These include monitoring, planning and managing services such as cleaning, gardening, security and maintenance. Services are typically provided under contract. The industry does not include major maintenance services provided to engineering structures, such as roads, tunnels, railway lines, bridges, dams or public utility networks.
The report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecast, growth rates and an analysis of the industry key players and their market shares.