Market Size of New Zealand Facility Management Industry
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| Forecast Data Period | 2024 - 2029 |
| Historical Data Period | 2019 - 2022 |
| CAGR | > 2.50 % |
| Market Concentration | Low |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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New Zealand Facility Management Market Analysis
The New Zealand (NZ) facility management market is expected to grow at a CAGR of above 2.5% during the forecast period, 2022-2027. With the help of facility management, organizations achieve and sustain a quality environment and operational services to meet strategic needs at the lowest possible cost.
Despite the pandemic interruption, the facility management market in the country is growing steadily. The demand for FM services in the country is attributed to end-user awareness and their active involvement in FM services, rising awareness of energy conservation, and developed building infrastructure. The large facility based in several end-user sectors, such as retail, IT and communication, government administration, and others, is expected to add significant and steady facility management services demand in the country.
The growth of the FM market is hampered by a lack of scale in some parts of the country and availability of funding among the end-users, posing challenges in adopting facility management services. The existing FM practices are inclined towards a conventionally operational rather than strategic approach. The absence of skilled personnel across the country restraining the advancement of facility management services.
The facility management service providers who have a strong presence in the Australian market prefer to explore the growth opportunities in the New Zealand market. As a result, the facility management market in the country has become a mix of local and international FM service providers.
The Covid-19 pandemic has severely impacted the business sector in the country. However, the manufacturing sector has less impact but suffers from challenges such as unavailability of manpower, and disruptions in the supply chain due to which businesses are unable to operate at their capacity.
