Mordor Intelligence forecasts the Asia-Pacific Facility Management (FM) market is projected to grow from US$572.69 billion in 2025 to US$745.65 billion by 2030, reflecting a robust compound annual growth rate (CAGR) of 5.42% during this period.
This growth is largely driven by increased investment in commercial building services and infrastructure development across the region. As governments prioritise construction and modernisation, particularly in urban areas, the demand for facility management services is expected to rise significantly.
Key to this expansion is the integration of services and contract globalisation, particularly in the commercial sector. The surge in commercial properties demands improved productivity and reduced maintenance requirements, fostering a conducive environment for FM growth.
Singapore FM outlook
The Singapore Facility Management Market is projected to grow from US$3.65 billion in 2025 to US$4.25 billion by 2030, at a CAGR of 3.1%. This growth is driven by technological innovations, particularly in smart building solutions integrating AI and sensors for better utility management.
The commercial sector is flourishing, with public contracts reaching SGD108 million in 2022. The hospitality industry, boosted by high occupancy rates, is also a key driver. Significant public sector investments, estimated between US$14 billion to US$18 billion annually from 2024 to 2027, support infrastructure development and demand for advanced facility management services.
According to the Singapore Department of Statistics, as of Q2 2023, there were 568 m² of properties under construction, underscoring the ongoing urbanisation and commercialisation that fuel demand for FM services.
However, challenges persist. The rise of cyber threats has created significant concerns regarding network safety, potentially hindering market expansion. Security breaches have undermined confidence among service providers, complicating the landscape for long-term contracts.
Additionally, the FM sector faces hurdles in adopting new technologies due to high initial investment costs associated with long-term contracts.
APAC outlook
The landscape of the Asia-Pacific FM market is fragmented and competitive, featuring diverse players ranging from small firms to large corporations. Strategic partnerships, mergers, and acquisitions are expected to become more common as companies seek to navigate current market slowdowns. Major providers like CBRE, Aeon Delight Co. Ltd, and Broadspectrum are well-positioned to meet the growing demand for FM services, particularly in smart building technologies.
The report concludes that while the Asia-Pacific Facility Management market faces challenges, the overall trajectory is one of growth, driven by infrastructure development, urbanisation, and evolving business needs.
