FUTURE OF FACILITY MANAGEMENT INDUSTRY IN INDIA - HANDIMAN


The Indian Facilities Management (FM) industry is in the midst of rapid developments in end-user industries, which has led to the considerable growth of commercial activities in metropolitan areas such as Delhi /NCR, Mumbai, Hyderabad, Pune, Chennai, and Bengaluru. According to a Technavioreport, analysts forecast a CAGR of 17.19% for the Indian FM industry, over the next three years. In effect, facility management companies are steadily gaining popularity among commercial as well as residential clients, driven by modernization and urban development. The southern, western and northern regions pose as potential growth areas due to their ability to attract more real estate investments.

Growth opportunities
The growth in real estate will be paired with a preference towards a safe, clean and secure environment, especially in the residential sector. Beyond the Tier 1 metros, demand is also expected to increase from the tier II and tier III cities due to increased business activities. Untapped areas of potential include Kolkata, Chennai, Andhra Pradesh, and UP. Industry-wise, IT/ ITES/ BFSI sectors constitute more than 21% of revenue generated, followed by demand leaders in other sectors such as retail, healthcare, infrastructure, and manufacturing.

By 2025, around 38% of India's population is predicted to live in urban regions, and cities will account for 80% of India’s GDP. The Government’s ambitious plan to develop 100 smart cities, (attracting an investment of $216 Billion into infrastructure), will result in a surge in infrastructure creation, driven by sustained population growth. This will create a sustained need for professional, holistic facilities maintenance services.
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Trends: defining the future of FM market
The FM industry is gearing up for a historic shift towards automated services, with a considerable investment of manpower and resources towards creating technology-driven services platforms. In the coming years, buzzwords like Building Information Modeling (BIM) and Computer Assisted Facilities Management (CAFM) are likely to feature in client demand lists, and act as a driving force towards the natural evolution of the industry, which is likely to witness:
  • Consolidation in the industry as unorganized sector transforms and gets absorbed into the organized sector
  • Driven by greater demand for quality services that adhere to international standards, real estate developers and owners will prefer global and experienced corporate FM services providers
  • Industrial and Manufacturing sector will shift from in-house maintenance to outsourcing FM services requirements
  • An influx of trained and qualified engineers to help industry adapt to global engineering standards and best practices

Demands
The surge in investment and real estate developments has triggered an urgent demand for structural transformation in the industry. ISO compliances and Integrated Management Systems will reflect FM service providers’ commitment to client satisfaction and employee health and safety standards. Certifications such as ISO 9001 (for quality management systems), ISO 14001 (for environmental management), OHSAS 18001 (for occupational health and safety management), ISO/IEC 27001 (for information technology –security technique) will create a compelling reassurance for end-users, in terms of experience and service delivery. Besides these, other demand drivers will include:
  • Thermal audits, thermography studies, and energy efficiency studies to improve compliance with national and international green building regulations
  • Eco-friendly materials and practices to limit and reduce the impact on local environment, and achieve LEED platinum, gold, and silver certifications
  • The ability to offer a one-stop, single point of contact service for comprehensive FM solutions

The growing footprint of facility management companies in the country would necessitate innovation and demand in Specialized Engineering Services, covering areas such as energy efficiency, thermal audits, and Green Building concepts. Moreover, by 2020, the growth in sectors such as Industrial, Manufacturing, and Commercial segments, are poised to transform the landscape of the FM market in India. The future is bright and ripe with innumerable opportunities, and the need for the hour is to invest in the future and usher in fresh ideas and perspective, to help elevate the standards and norms, and transform the FM sector into a thriving the highlight of the Services sector, generating employment for millions of motivated professionals. And the organized FM sector has geared up to the challenge of nurturing the logical evolution of the industry to take it to the next phase of growth!

One company that has made a name for itself in the Facility Management Industry is Handiman. It is known to be the best housekeeping manpower supplier in Bangalore. They stand by their motto of not just “being the best service provider”, but “being a caretaker”. If you need to avail of such services, look no further! Get in touch with Handiman today.

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