Revival of economy through various fiscal initiatives by government, increase in FDI investments coupled with growing construction & infrastructural activities to drive Brazil facility management through 2024 .
According to TechSci Research report, “Brazil Facility Management Market, By Service, By Type, By Application, By Source, By Industry, By Region, By Company, Competition, Forecast & Opportunities, 2024”, Brazil facility management market is projected to grow at a CAGR of around 6% during 2019-2024, on account of increasing number of commercial establishments, growing focus on environment sustainability by adopting LEED certification and rising technological integration resulting in increased efficiency. Moreover, growing influence of foreign players on integrated facility management services and rising outsourced facility management services are further expected to drive the demand for facility management in Brazil. Sodexo Inc., Compass Group (GRSA – Food and Service Solutions), Grupo Brasanitas Facility Services and G4S Brazil are the major companies operating in Brazil facility management market.
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In terms of Service, Brazil facility management market is categorized into property, cleaning, catering, security, support and others. Among these, property service accounts for majority share in Brazil facility management market. The category is expected to maintain its dominance during forecast period as well, on account of rising demand for commercial space, new construction activities and government initiatives such as controlling lending rate and increasing fund allocation to infrastructure sector. In by application segment, commercial sector accounted for the largest share in Brazil facility management market owing to recovery in the country’s economy and growing number of commercial offices across the country.
“Brazil facility management market is anticipated to grow at a robust pace during the forecast period on account of several government initiatives for the commercial & real estate sectors in the country, growing number of organized players in the market along with increasing focus on outsourcing services for facility management in the country. Moreover, increasing FDI investments and new opportunities from upcoming infrastructural projects across the country are further anticipated to propel the demand for facility management in Brazil.” said Mr. Karan Chechi, Research Director with TechSci Research, a research based global management consulting firm.
Browse market data Tables and Figures spread through 170 Pages and an in-depth TOC on “Brazil Facility Management Market” @ https://www.techsciresearch.com/report/brazil-facility-management-market/1388.html
“Brazil Facility Management Market, By Service, By Type, By Application, By Source, By Industry, By Region, By Company, Competition, Forecast & Opportunities, 2024” has evaluated the future growth potential of Brazil Facility Management market and provides statistics & information on market size, structure and future market growth. The report intends to provide cutting-edge market intelligence and help decision makers take sound investment decisions. Besides, the report also identifies and analyzes the emerging trends along with essential drivers, challenges and opportunities in Brazil facility management market.
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