Australia Facility Management Market

Australia Facility Management Market Overview:

The Australia facility management market size reached USD 642.5 Million in 2023. Looking forward, IMARC Group expects the market to reach USD 1295.02 Million by 2032, exhibiting a growth rate (CAGR) of 7.60% during 2024-2032. The growing adoption of advanced technologies, such as the Internet of Things (IoT), artificial intelligence (AI), and building information modeling (BIM), increasing demand for sustainable services, and rising focus on environmental responsibility among businesses are some of the factors propelling the market growth.

Australia Facility Management Market Trends:

Growth of Sustainable Facility Management Practices

Sustainability is becoming a crucial factor in facility management across Australia. This is driven by increasing regulatory requirements and a growing focus on environmental responsibility among businesses. In the Australian Building Codes Board's National Construction Code 2025, several changes are proposed to develop ways for buildings to move towards a net zero future. Additionally, according to the Green Building Council Australia, green star certifications increased by more than 80% in the 2022-2023 financial year, with over 800 certifications issued across Australia. This shift towards sustainable practices is not only helping companies comply with regulations but also attracting environmentally conscious tenants and customers, thereby impelling the market growth.

Technological Advancements and Integration

The adoption of advanced technologies, such as the Internet of Things (IoT), artificial intelligence (AI), and building information modeling (BIM), is propelling the market growth in Australia. These technologies enable more efficient management of facilities by automating routine tasks, improving predictive maintenance, and enhancing energy management. According to a report published by PrefabAus in 2023, the number of smart buildings in Australia was expected to increase and the penetration of prefabrication to cover 80% of ever new building elements. Moreover, several facility management companies in Australia launched integrated IoT platforms that allow real-time monitoring and control of building systems. This has led to an increase in energy efficiency and a reduction in operational costs for facilities adopting these technologies. Additionally, AI-driven solutions introduced are streamlining maintenance schedules and reducing downtime, highlighting the market's shift towards smart, data-driven facility management practices. These advancements are making facilities more sustainable and cost-effective, thereby driving the demand for modern facility management services across various sectors, including commercial, healthcare, and retail.

Increasing Demand for Integrated Facility Management (IFM) Services

The rising demand for integrated facility management (IFM) services is supporting the market growth in Australia. IFM provides a one-stop solution for managing multiple services, such as cleaning, maintenance, security, and catering, under a single contract, which helps businesses reduce costs and streamline operations. According to an article by JLL published in 2023, across the Asia Pacific region, Australia is one of the most mature IFM outsourced markets, with several businesses into their third, fourth, or even fifth cycle, or generation, of outsourcing. There is a rise in contracts for integrated services, with numerous large-scale commercial facilities opting for IFM solutions, reflecting an increase. In response to this growing demand, leading companies launched new IFM packages, offering customized solutions tailored to specific industry needs. As more organizations recognize the value of bundled services, the shift towards IFM is growing.

Australia Facility Management Market News:

• September 2023: ABB Cylon announced the launch of the Cylon Building Management System in the Australian market. This will help customers in Australia to fulfill their energy management goals.
• July 2024: JLL partnered with Pacific Services Group Holdings (PSGH) to catalyze Indigenous empowerment and autonomous growth in the facility management industry.

Australia Facility Management Market Segmentation:

IMARC Group provides an analysis of the key trends in each segment of the market, along with forecasts at the country level for 2024-2032 Our report has categorized the market based on type, offering, and end user.

Type Insights:

• Inhouse
• Outsourced
  • Single FM
  • Bundled FM
  • Integrated FM
     

The report has provided a detailed breakup and analysis of the market based on the type. This includes inhouse and outsourced (single FM, bundled FM, and integrated FM).

Offering Insights:

• Hard FM
• Soft FM
   

A detailed breakup and analysis of the market based on the offering have also been provided in the report. This includes hard FM and soft FM.

End User Insights:

• Commercial
• Institutional
• Public/Infrastructure
• Industrial
• Others
   

The report has provided a detailed breakup and analysis of the market based on the end user. This includes commercial, institutional, public/infrastructure, industrial, and others.

Regional Insights:

• Australia Capital Territory & New South Wales
• Victoria & Tasmania
• Queensland
• Northern Territory & Southern Australia
• Western Australia
   

The report has also provided a comprehensive analysis of all the major regional markets, which include Australia Capital Territory & New South Wales, Victoria & Tasmania, Queensland, Northern Territory & Southern Australia, and Western Australia.

Competitive Landscape:

The market research report has also provided a comprehensive analysis of the competitive landscape. Competitive analysis such as market structure, key player positioning, top winning strategies, competitive dashboard, and company evaluation quadrant has been covered in the report. Also, detailed profiles of all major companies have been provided.

Australia Facility Management Market Report Coverage:

Key Questions Answered in This Report:

• How has the Australia facility management market performed so far and how will it perform in the coming years?
• What has been the impact of COVID-19 on the Australia facility management market?
• What is the breakup of the Australia facility management market on the basis of type?
• What is the breakup of the Australia facility management market on the basis of offering?
• What is the breakup of the Australia facility management market on the basis of end user?
• What are the various stages in the value chain of the Australia facility management market? 
• What are the key driving factors and challenges in the Australia facility management?
• What is the structure of the Australia facility management market and who are the key players?
• What is the degree of competition in the Australia facility management market? 

 Key Benefits for Stakeholders:

• IMARC’s industry report offers a comprehensive quantitative analysis of various market segments, historical and current market trends, market forecasts, and dynamics of the Australia facility management market from 2018-2032
• The research report provides the latest information on the market drivers, challenges, and opportunities in the Australia facility management market.
• Porter's five forces analysis assist stakeholders in assessing the impact of new entrants, competitive rivalry, supplier power, buyer power, and the threat of substitution. It helps stakeholders to analyze the level of competition within the Australia facility management industry and its attractiveness.
• Competitive landscape allows stakeholders to understand their competitive environment and provides an insight into the current positions of key players in the market.