Market Trends of Mexico Facility Management Industry
This section covers the major market trends shaping the Mexico Facility Management Market according to our research experts:
Single Facility Management to have a significant share
- Working with a single facility management service provider entails primarily delegating task management to separate entities. It also entails having a different service provider for each service the organization requires, such as cleaning, reception, and vending machines. Using the services of specialized service providers has several advantages.
- It enables the customers to concentrate on their core business, while single-service providers provide adequate services to customers and help operational efficiency. Having experts handle task management will result in higher efficiency and service quality. It will also free up company employees to focus on the most critical business areas while saving resources for non-core activities.
- The outsourced FM has been successfully used in various sectors, including the public sector, retail, professional services, healthcare, technology, logistics, manufacturing, and education. The areas that FM services look after vary widely, primarily depending on their type, the size of the company, and the sector in which it operates. Some organizations will only require a single service solution provider. This is driving the demand for single FM in the country.
- When businesses choose a single service provider, they outsource their day-to-day operations to a specialist provider. They can be assured of superior service quality and efficiency by hiring the help of specialists. Using several service providers is a time-consuming activity that necessitates the management of multiple vendors and the associated hazards. This helps create significant opportunities for the market vendors to expand single FM services in the country.
- In Mexico, FM vendors have been mainly concentrating on improving their service offerings and establishing themselves as a single-point option for end-to-end FM services. Single service provision is relatively straightforward; a purchasing organization procures a single FM service from a single supplier under a single service contract.
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Commercial End User Sector is expected to hold major share
- The commercial end-user sector cover office buildings occupied by business services, such as corporate offices of manufacturers, IT and communication, and other service providers. Owing to this, the provision of necessary fitments and interiors and commercial buildings decoration and management has gained significant importance, driving the country's retail sector market.
- Moreover, the commercial sector covers office buildings occupied by business services, such as corporate offices of manufacturers, IT and telecommunication, finance and insurance, property, and other service providers. The rise in the IT sector across Mexico will allow more commercial sector expansion and facility management services.
- In September 2021, the Government submitted the 2022 budget proposal, with a USD 350 billion (MXN 7.3 trillion) budget proposal for 2022 to promote economic growth, social equality, financial stability, regional development projects, and fiscal discipline.
- As per the Budget 2022 proposal, the Government stated that the policies would continue to focus on social programs, healthcare, and investments. It would prioritize ongoing investment projects, such as the Mayan train project and Istmo de Tehuantepec inter-oceanic rail project.
