Thailand Facility Management Market revenue is projected to grow at a CAGR of 8.6% respectively during 2024-2030F

Security category in terms of service type became dominant since it obtained the maximum revenue share in Thailand Facility Management Market – 6Wresearch

By Service Type, the security segment has garnered the highest revenue share in Thailand's facility management market due to growing urbanization, increased demand from high-risk sectors, advanced security technologies, stringent government regulations, high labor costs, and the critical need for 24/7 protection across commercial, industrial, and residential spaces.

According to 6Wresearch, Thailand Facility Management Market revenue is projected to grow at a CAGR of 8.6% respectively during 2024-2030F. Thailand facility management market is expected to continue its upward trajectory driven by the government’s focus on smart city development and sustainable urban growth. The Thailand 4.0 initiative and projected urbanization rate of 72% by 2050 would sustain the demand for facility management services prioritizing sustainability and cost efficiency. Investments in projects such as the Sustainable Urban Transport and Heritage (SUTRHE) and the ongoing transformation of the EEC into a smart city and regional financial hub by 2037 would further boost the market.

Moreover, the Thai government’s plans to simplify visa processes and introduce visa-free travel, aiming for 38.31 million foreign visitors by the end of 2024, would continue to bolster the hospitality sector, driving the need for facility management. As more hotels, especially 1 and 2-star establishments, adopt facility management solutions to improve operations and guest experiences. This influx of international and domestic tourists would solidify the growth of the facility management market, driven by ongoing investments and a heightened focus on optimizing maintenance and operational efficiency within the expanding hospitality and real estate sectors.

According to Shubham Deep, Senior Research Analyst, 6Wresearch, the commercial sector is projected to hold the highest revenue share in Thailand's facility management market due to the rapid expansion of office spaces, retail centers, and commercial infrastructure. As urbanization continues and new developments such as smart cities and business hubs emerge, the demand for comprehensive facility management services in maintaining and optimizing these commercial properties will significantly increase, driving revenue growth in this segment.

Thailand Facility Management Market (2024-2030) report provides an in-depth analysis with 16 figures and 7 tables, covered in 67 pages. The report comprehensively covers the market by service type and verticals. The report provides a detailed as well as unbiased analysis of the ongoing drivers, opportunities/high growth areas, and trends of the sector which are projected to support the stakeholders to align as well as devise their market strategies as per the latest and future market dynamics.