South Korea Facility Management Market Revenue Archives

South Korea Facility Management Market Growth 2025, Revenue, Trends, Industry Share, Demand, CAGR Status, Challenges, Business Opportunities and Forecast till 2033: SPER Market Research

admin April 7, 2025 IT Industry, News

The integrated approach to preserving and enhancing a constructed environment’s usability, comfort, safety, and efficiency is known as facility management. To guarantee that a facility runs efficiently and satisfies the needs of its occupants, people, procedures, and technology must be coordinated. Building maintenance, space planning, energy management, health and safety, security, cleaning, and waste management are just a few of the many tasks that fall under facility management. Establishing a secure, sustainable, and productive environment that supports an organization’s fundamental functions is the aim of facility management. This calls for resource efficiency, proactive planning, and preventative maintenance. Facility managers keep an eye of facility day-to-day operations.

According to SPER market research, ‘South Korea Facility Management Market Size- By Type of facility, By Offering Type, By End User – Regional Outlook, Competitive Strategies and Segment Forecast to 2033’ state that the South Korea Facility Management Market is predicted to reach 61.97 billion by 2033 with a CAGR of 3.11%.

Drivers: The market for facility management in South Korea is expanding significantly due to a number of important factors. In order to improve operational efficiency and concentrate on their main business operations, the corporate and commercial sectors are increasingly outsourcing facilities management services that help in expansion. Technological developments are turning conventional procedures into smart operations, which improves building performance and sustainability. This is especially true of the integration of artificial intelligence (AI) and the Internet of Things (IoT). As businesses try to create healthier and more productive workplaces, soft services like waste management, cleaning, and security are becoming more and more popular.

Restraints: The South Korean facility management market has a number of obstacles that prevent it from expanding and operating as efficiently as possible. Fragmentation and a lack of industry standards are major problems that result in disparities in contract terms, pricing, and service quality. With differing degrees of experience and skill, the market is made up of a wide range of service providers, such as independent freelancers, in-house teams, and outsourced suppliers. It is challenging to create consistent standards and quality benchmarks because of this variability. Professionals with the necessary skills in energy management, sustainability, and modern building technology are also in limited supply.

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Gyeonggi Province dominates South Korea’s facility management market due to its rapid urbanization and significant real estate developments. Some of the key market players are CBRE Group, Inc., Hyundai GBFMS, Samkoo Inc Co., Ltd, Savills Plc and others.

South Korea Facility Management Market Segmentation:

By Type of Facility Management: Based on the Type Of Facility Management, South Korea Facility Management Market is segmented as; in-house facility management and outsourcing facility management

By Offering Type: Based on the Offering Type, South Korea Facility Management Market is segmented as; hard FM and soft FM.

By End Users: Based on the End Users, South Korea Facility Management Market is segmented as; commercial, institutional, public/infrastructure and industrial.

By Region: This research also includes data for Seoul Capital Area, Yeongnam (Southeastern Region), Honam (Southwestern Region), Hoseo (Central Region), Others.

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South Korea Facility Management Market Forecast

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South Korea Facility Management Market Growth, Rising Trends, Demand, Industry Share, Revenue, CAGR Status, Challenges, Business Opportunities and Forecast till 2033: SPER Market Research

admin December 20, 2024 IT Industry, News

Facility management (FM) is a dynamic and multifaceted discipline that involves planning, coordinating, and implementing various services to ensure the seamless operation of an organization’s built environment. It integrates people, processes, technology, and physical assets to enhance productivity and achieve organizational goals. Facility management services encompass utilities management, property management, maintenance, cleaning, security, and environmental health. These services leverage advanced tools such as computer-aided facility management (CAFM), building information modeling (BIM), and diverse monitoring and control systems. FM is utilized in commercial buildings, hospitals, schools, retail outlets, factories, and government facilities, delivering benefits such as cost savings, enhanced worker productivity, regulatory compliance, sustainability, and prolonged asset life.

According to SPER Market Research, the South Korea Facility Management Market is projected to reach USD 61.97 billion by 2033, growing at a CAGR of 3.11%.

The market’s growth is driven by an increasing emphasis on process optimization and energy efficiency. Facility management encompasses diverse services aimed at ensuring the efficiency, comfort, and functionality of the built environment, including infrastructure, buildings, and real estate. Core aspects of FM include communications management, operations and maintenance, business continuity, sustainability, project management, and ergonomics. By outsourcing FM services, businesses enhance operational quality while fulfilling corporate social responsibilities.

Key Challenges

Despite its growth potential, the South Korean facility management market faces challenges such as a lack of managerial awareness and standardization. Limited understanding among decision-makers often results in inefficient resource allocation, escalating operational costs, and insufficient maintenance. Inconsistent service quality stemming from non-standardized processes impacts customer and employee experiences, hindering market expansion. The market remains fragmented, with a mix of domestic and international players. Establishing clear regulations and standardized procedures can foster fair competition and improve service quality.

Post-COVID-19 Developments

The COVID-19 pandemic has reshaped the role of facility managers, elevating their position from operational to strategic. Managers are now tasked with optimizing office spaces and accommodating remote work within organizational culture. Enhanced compliance with supplier management and a focus on quality and outcomes over rigid schedules are anticipated trends. However, challenges such as restrictive labor laws and labor-management relations persist.

Regional Insights

The Seoul Capital Area (Sudogwon Region) dominates the South Korea Facility Management Market, being the country’s economic hub.

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Key Players

Prominent players in the market include:

CBRE Group, Inc.
Hyundai GBFMS
Samkoo Inc Co., Ltd
Savills Plc
Sodexo Oy

South Korea Facility Management Market Segmentation:

By Type of Facility Management: Based on the Type Of Facility Management, South Korea Facility Management Market is segmented as; in-house facility management and outsourcing facility management

By Offering Type: Based on the Offering Type, South Korea Facility Management Market is segmented as; hard FM and soft FM.

By End Users: Based on the End Users, South Korea Facility Management Market is segmented as; commercial, institutional, public/infrastructure and industrial.

By Region: This research also includes data for Seoul Capital Area, Yeongnam (Southeastern Region), Honam (Southwestern Region), Hoseo (Central Region), Others.

For More Information, refer to below link: –

South Korea Facility Management Market Forecast

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South Korea Facility Management Market Growth and Size, Rising Trends, Demand, Industry Share, Revenue, CAGR Status, Challenges, Business Opportunities and Forecast till 2033: SPER Market Research

admin October 25, 2024 IT Industry

The multifaceted discipline of facility management (FM) includes the planning, coordinating, and carrying out of different services to guarantee the best possible operation of an organization’s built environment. To increase productivity and accomplish organisational objectives, it integrates people, procedures, technology, and tangible assets. There are many different kinds of facility management services, including utilities management, property management, maintenance, cleaning services, security, and environmental health. They use a variety of tools, including computer-aided facility management (CAFM), building information modelling (BIM), and several monitoring and control systems. Commercial buildings, hospitals, schools, shops, factories, and government facilities are among the places where facility management is used. Cost savings, higher worker productivity, regulatory compliance, increased sustainability, and longer asset lifespan are just a few advantages they provide.

According to SPER Market Research, ‘South Korea Facility Management Market Size- By Type of Facility Management, By Offering Type, By End User- Regional Outlook, Competitive Strategies and Segment Forecast to 2033’ states that South Korea Facility Management Market is estimated to reach USD 61.97 billion by 2033 with a CAGR of 3.11%.

The main drivers of the South Korean facility management market’s expansion are the increased focus on process optimisation and energy efficiency improvements. In order to guarantee the efficiency, comfort, and functioning of the built environment—which includes infrastructure, buildings, and real estate—a broad range of services and disciplines are collectively referred to as facility management. Communications management, operations and maintenance, business continuity and emergency management, sustainability and environmental responsibility, and more are all included in facility management. Project management, hospitality and human elements, real estate and property management, and ergonomics are just a few of the many topics covered in this course. By outsourcing facilities management services, businesses can better fulfil their corporate social duties while preserving the general calibre of their core operations.

Lack of managerial awareness and standardisation causes organisations to face major facility management issues. The coordination and upkeep of material assets and infrastructure are included in facility management. Insufficient awareness among decision-makers can lead to inefficient resource allocation, which raises operational costs and results in inadequate maintenance. Inconsistent service quality across facilities due to non-standardized processes affects the experiences of both customers and employees; these factors impede market expansion throughout the projection period. With a mix of domestic and foreign players, the FM market in South Korea is still fragmented. A more fair playing field and high-quality service delivery can be achieved by establishing precise rules and standardised procedures.

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Due to the increased use of productivity and work optimisation, the South Korean facility management market is anticipated to rise significantly as a result of the renewed emphasis on economic policies and service growth following COVID-19. Additionally, the function of the facility manager is becoming more prominent and shifting from operational to strategic. The COVID-19 pandemic has given the building manager the chance to streamline the new office space and accommodate employees’ requests for remote work within the company culture. However, additional compliance is expected with regard to suppliers as well. The emphasis will be less on a set timetable and more on quality and outcomes. However, restrictive labour rules and labor-management relations have been persistent issues in South Korea.

The Seoul Capital Area (Sudogwon Region) market dominated the South Korea Facility Management Market due to being the South Korea’s economic hub. Some of the key players are – CBRE Group, Inc., Hyundai GBFMS, Samkoo Inc Co., Ltd, Savills Plc, Sodexo Oy.

South Korea Facility Management Market Segmentation:

By Type of Facility Management: Based on the Type Of Facility Management, South Korea Facility Management Market is segmented as; in-house facility management and outsourcing facility management

By Offering Type: Based on the Offering Type, South Korea Facility Management Market is segmented as; hard FM and soft FM.

By End Users: Based on the End Users, South Korea Facility Management Market is segmented as; commercial, institutional, public/infrastructure and industrial.

By Region: This research also includes data for Seoul Capital Area, Yeongnam (Southeastern Region), Honam (Southwestern Region), Hoseo (Central Region), Others.

For More Information, refer to below link: –

South Korea Facility Management Market Forecast

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South Korea Facility Management Market Growth 2024, Revenue, Rising Trends, Demand, CAGR Status, Challenges, Business Opportunities and Forecast Analysis Till 2033: SPER Market Research

admin July 19, 2024 Uncategorized

Facility Management (FM) alludes to a multidisciplinary field that incorporates the preparation, coordination, and execution of different administrations to guarantee the ideal working of an association’s constructed climate. It incorporates individuals, cycles, innovation, and actual resources for amplify proficiency and accomplish authoritative objectives. Facility Management administrations incorporate different sorts, like property the executives, maintenance, janitorial administrations, security, natural wellbeing, and utilities the executives, among others. They utilize different programming, for example, building information modelling (BIM), Computer aided facility management (CAFM), and different checking and control frameworks. Facility Management finds applications in business structures, clinics, instructive organizations, retail spaces, producing units, and government foundations.

According to SPER Market Research, ‘South Korea Facility Management Market Size- By Type of Facility Management, By Offering Type, By End User- Regional Outlook, Competitive Strategies and Segment Forecast to 2033’ states that the South Korea Facility Management Market is estimated to reach USD 61.97 billion by 2033 with a CAGR of 3.11%.

Drivers:

The rapid urbanization and industrialization in the nation, prompting an expanded number of structures and offices that require viable administration, is one of the central point’s adding to the market development. In accordance with this, the developing interest for cutting edge office the executives administrations, particularly those that influence smart innovation for constant observing and support, is making an uplifting perspective for the market. Alongside this, the rising mindfulness about maintainability and eco-accommodating works on, inciting organizations and associations to embrace office-the-board benefits that line up with green structure principles, is supporting the market development. Facility Management administrations are getting more astute with the integration of arising innovations.

Restraints:

The shortfall of administrative mindfulness and normalization in facility management presents huge difficulties for associations. Facility Management envelops the coordination and support of actual resources and framework. Deficient mindfulness among decision- m can prompt poor asset distribution, bringing about lacking support and higher functional expenses. The absence of normalized process produces conflicting assistance quality across offices, influencing both client and worker encounters. In addition, the oversight might prompt expanded risk with connected with consistence and security, possibly bringing about lawful liabilities.

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The Coronavirus pandemic altogether affected South Korea’s facility management market. Expanded interest for sterilization, sanitization, and wellbeing security estimates drove development in cleaning administrations and cleanliness management. Facility managers needed to adjust to new guidelines and conventions, consolidating cutting edge innovations for contactless administrations and remote observing. In any case, monetary vulnerabilities prompted financial plan imperatives and decreased spending on unimportant facility services, testing the market’s general development.

The Seoul Capital Area, also known as Sudogwon Region dominates the South Korea Facility Management Market as the region is the economic center of South Korea, highest population density, well-developed infrastructure and there is significant amount of commercial real estate. Major players in the market are Aden Group, CBRE Group, Inc., Hines Group, Hyundai GBFMS, Jones Lang LaSalle Incorporated, Samkoo Inc Co., Ltd, Savills Plc, Sean Technical Company, SGS SA, Sodexo Oy.

South Korea Facility Management Market Segmentation

By Type of Facility Management: Based on the Type Of Facility Management, South Korea Facility Management Market is segmented as; in-house facility management and outsourcing facility management

By Offering Type: Based on the Offering Type, South Korea Facility Management Market is segmented as; hard FM and soft FM.

By End Users: Based on the End Users, South Korea Facility Management Market is segmented as; commercial, institutional, public/infrastructure and industrial.

By Region: This research also includes data for Seoul Capital Area, Yeongnam (Southeastern Region), Honam (Southwestern Region), Hoseo (Central Region), Others.

For More Information, refer to below link:-

South Korea Facility Management Market Outlook

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Contact Us:

Sara Lopes, Business Consultant – USA

SPER Market Research

enquiries@sperresearch.com

+1-347-460-2899