
Facility Management Market, Japan and South Korea, 2025–2030
Description
The mature Japanese and South Korean facility management (FM) markets are experiencing relatively stable growth post the 2020 disruption, as economic conditions are stable and growth is consistent. The effect of inflation calmed in 2023, and service providers are experiencing stability in terms of margins costs. The markets are motivated by the adoption of technology, regulatory stringency, and user demand for strategic value. Outsourcing in both countries is driven by aging infrastructure and sustainability objectives. FM providers with an integrated approach, compliance in mind, and the ability to offer innovative solutions are seen as key preferred partners.
Compared to other Asia-Pacific countries, Japan and South Korea have low outsourcing rates because of the dominance of conglomerate FM arms, fragmentation of service-line outsourcing, and extreme shortages of talent—obstacles to larger scale market development. Despite these obstacles, the regional market remains attractive to global and domestic FM providers. The large untapped FM universe, which equates to first-time outsourcing opportunities, coupled with existing high acceptance of technology-enabled value propositions among end users, create growth potential for service providers. The well-regulated standards and guidelines related to buildings and maintenance translates to market opportunities too.
This study analyzes the Japanese and South Korean FM markets, covering market drivers, restraints, forecasts, trends, and the competitive landscape of the overall market. It covers the 2022 to 2030 time frame, with 2024 being the base year.
Compared to other Asia-Pacific countries, Japan and South Korea have low outsourcing rates because of the dominance of conglomerate FM arms, fragmentation of service-line outsourcing, and extreme shortages of talent—obstacles to larger scale market development. Despite these obstacles, the regional market remains attractive to global and domestic FM providers. The large untapped FM universe, which equates to first-time outsourcing opportunities, coupled with existing high acceptance of technology-enabled value propositions among end users, create growth potential for service providers. The well-regulated standards and guidelines related to buildings and maintenance translates to market opportunities too.
This study analyzes the Japanese and South Korean FM markets, covering market drivers, restraints, forecasts, trends, and the competitive landscape of the overall market. It covers the 2022 to 2030 time frame, with 2024 being the base year.
Table of Contents
- Research Scope
- Scope of Analysis
- Segmentation
- Segmentation by Service Type
- Segmentation by Customer Sector
- FM Service Spectrum by Contract Type
- FM Market Analysis Methodology
- Strategic Imperatives
- Why is it Increasingly Difficult to Grow?
- The Strategic Imperative 8™
- The Impact of the Top 3 Strategic Imperatives on the Facility Management Industry
- Growth Opportunity Analysis
- Growth Metrics
- Growth Drivers
- Growth Restraints
- Forecast Considerations
- Revenue Forecast and Analysis
- Revenue Forecast and Analysis by Service Type
- Revenue Forecast and Analysis by End User
- Outsourced FM Trend
- IFM Penetration Trend
- Competitive Environment
- FM Supplier Capability Matrix by Service Type
- FM Supplier Capability Matrix by End-User Sector
- Growth Generator: Japan
- Growth Metrics
- Revenue Forecast and Analysis
- Revenue Forecast and Analysis by Service Type
- Revenue Forecast and Analysis by End User
- Outsourced FM Trend
- IFM Penetration Trend
- Competitive Environment
- Overview of FM Market Participants
- Growth Generator: South Korea
- Growth Metrics
- Revenue Forecast and Analysis
- Revenue Forecast and Analysis by Service Type
- Revenue Forecast and Analysis by End User
- Outsourced FM Trend
- IFM Penetration Trend
- Competitive Environment
- Overview of FM Market Participants
- Growth Opportunity Universe
- Growth Opportunity 1: FM Service Integration
- Growth Opportunity 2: Workplace and Occupant Experience Optimization
- Growth Opportunity 3: Business Productivity and Organizational Resilience
- Appendix & Next Steps
- Benefits and Impacts of Growth Opportunities
- Next Steps
- List of Exhibits
- Legal Disclaimer
Pricing
Currency Rates
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