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.
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.
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
Others (Pantry Services, Waste Management and Mailroom)
Electromechanical Services (including HVAC)
Operational and Maintenance Services
Fire Safety and Security Systems
Type of Services
Integrated Facility Services
End User Sectors
Industrial and Public Infrastructure
Retail & Commercial
Key Target Audience:-
Facility Management Companies
Real Estate Companies
Time Period Captured in the Report:-
Historical Period – 2013-2018
Forecast Period – 2018-2023
Jones Lang LaSalle (JLL), Chile
Coldwell Banker Richard Ellis (CBRE), Chile
Grupo Eulen, Chile
Grupo Facility, Chile
All Facility, Chile
Linkes Facility, Chile
Cushman and Wakefield, Chile
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
Chile Facility Management Market Growth
Facility Management Security Services In Chile
Chile Operations And Maintenance Services Market
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Ankur Gupta, Head Marketing & Communications