With the steady growth in the demand for the commercial real estate, the interior turnkey solution market has witnessed a progressive trend in their sector. As commercial space demand surges, the sector is expected to further witness a tremendous opportunity to leverage in coming years.
Today, various start-ups, collaborative workspaces and other offices, be it an established business or a new company opt for complete fit-out services. As one-stop solution overcomes the hassle of limited time constraint, Turnkey is a perfect solution for all commercial interiors problems.
Though start-ups and new offices make up an impressive portfolio, old and established companies too prefer refurbishing their interiors. Companies are focusing on their workspace design to increase employee satisfaction, boost productivity and provide a comfortable working environment.
With the visible transition in the Indian work culture, office furniture and interiors have seen a major evolution. The furniture today is specially designed to reflect needs of modern-day employees and invoke collaboration, flexibility, and mobility. As modern offices continue to evolve and adapt their workplaces to changing technology, the workplace design and furniture also reflects the latest trends-alternate work styles, company culture, and ergonomics.
Fixed workstation and cubicles, workspaces today are implementing flexible seating, open collaborative spaces, and lounges, glass design furniture, standing workstations, Privacy Pods, multipurpose furniture etc.
Also, more and more companies are embracing branded workplaces to communicate and reinforce company’s position, identity as well as unifying culture. The inception of the start-up culture has indeed disrupted the traditional office spaces of demarcation of departments, permanent seats and cubicles and monotonous ‘comfort zones’.
Along with offices, the residential sector is also expected to adapt to this new concept of integrated solutions. Besides redesigning of office blueprints to include creative spaces, the residential segment has also seen an increase in technology led designs, using simple ergonomics to define the comfort in living. Today, the home spaces opt to be functional yet aesthetical that expresses one’s lifestyle and standard of living.
According to ‘India Office Fit Out and Facility Management Market Outlook 2020’ by Global Infrastructure Facilities and Project Managers Association (GIFPMA), the major factor driving the market growth is increasing FDI investment in the country.
- The country’s office fit-out market is expected to touch $2.6 billion (over Rs 17,240 crore) by 2020 on the back of rising FDI inflows, a report said.
- The office fit-out market is expected to grow at a CAGR of 10% during 2015-2020 to reach $2.6 billion by 2020.
- The market also depends on the supply and absorption of the commercial real estate and vacancy levels of existing spaces, the study pointed out.
- It is followed by mechanical and electrical installations, which account for 25% share.
- Regionally, the South region is estimated to account for the largest share of 40% due to high office land absorption rate in Bengaluru and Chennai.
- the Indian office facilities management services market exhibits huge potential and various foreign players are planning to venture into this industry.
- Currently, office space occupies close to 65% of the Indian facility management services market. This high share is due to increasing commercial activities in the metropolitan areas such as Delhi/NCR, Mumbai, Chennai, and Bengaluru.
The study said with ongoing evolution in the commercial sector, companies are trying to be one step ahead from rest of the industry as the changing needs of the corporate sector has called for advanced technologies and highly skilled workforce from facility management firms.
With the steady growth in the demand from the commercial real estate, the interior turnkey solution market has witnessed a progressive trend in their sector. As commercial space demand surges, the sector is expected to further witness a tremendous opportunity to leverage in coming years.
Today, various start-ups, collaborative workspaces, and other offices, be it an established business or a new company opt for complete fit-out services. As one-stop solution overcomes the hassle of limited time constraint, Turnkey is a perfect solution for all commercial interiors problems.
facility management companies are gradually shifting towards automation of services and strategic investments to strengthen their position in the market. The government is also taking various initiatives for aiding the market growth, it added. The government has started calling for tenders for various facility management services in different sectors, which further bestows large opportunities to this sector.
Hence, rising demand for facility management services, upcoming industry trends and relevant initiatives to combat the existing challenges will lay down a promising pathway for the Indian players.
By considering above key points and available data, we can say that there will be a lot of potential in the Interior-fit-out industry. We have compiled the list of best Interior fitouts companies in India. All these companies have great potential to grow in the coming years. We have found total 91 best companies from interior fit-out sector. If you want to make your career with them kindly go to their career page and apply for the current openings. Soon we will add more companies here from the Interior-fit-out sector. Below is the list as per their alphabetical order and not as per any ranking.
List of Best Interior-fit-out companies in India
You can also read about…….
Best Oil and Gas Companies In India to start your career in 2018
Best Job Profiles In The Construction Industry In 2018
75 Best Construction Companies in India to start your career in 2018
Top Construction Management Institutes in India
Source: https://ift.tt/2HpiipS
The post Indian Interior fit-out market-Opportunities for Construction Professionals appeared first on ConstructionPlacements.
from ConstructionPlacements https://ift.tt/2uYh9CY
via Handy Rep Ai
Comments
Post a Comment