Kuwait Facility Management Market by Service, by End User, by Mode - Market Size, Share, Development, Growth, and Demand Forecast, 2013-2023

  • ID: 4517536
  • Report
  • Region: Kuwait
  • 75 pages
  • P&S Market Research
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The Kuwait facility management market projected to reach $2,848.7 million by 2023. The growth of the market is mainly driven by the increasing investment in construction projects in the country. Facility management refers to professional services covering multiple disciplines, in a bid to ensure functionality of the built structures through the integration of people, place, process, and technology.

Insights on Market Segments:

On the basis of service, the Kuwait facility management market is segmented into property services, cleaning services, security services, catering services, support services, environmental management services, and other services. Other services include reception staffing, utility management, furniture supplies, and contract management.

Property services is expected to be the largest category with an estimated contribution of more than 25% in the facility management market of Kuwait in 2017. Property services offer several benefits such as ensuring short vacancy cycles, rent collection, better tenant retention, assistance with taxes, and various others. Owing to such benefits, the demand for this service type is growing in Kuwait.

The commercial sector was the largest end user, with an estimated contribution of more than 40.0% in the Kuwait facility management market in 2017. This sector is showing increased demand for these services, owing to increase in awareness among end users to optimize expenditure on commercial building management. Also, the facility management market of Kuwait is expected to witness a significant growth among commercial end users, during the forecast period.

In terms of mode of service, the Kuwait facility management market is categorized into in-house and outsourced. In-house was the larger category with an estimated contribution of more than 75.0% in the facility management market of Kuwait in 2017. The leading position of in-house mode is attributed to its long-standing presence, comparatively low cost, and high adoption rate.

‘Kuwait 2035’ vision laying immense opportunities for market growth

The ‘Kuwait 2035’ vision is a strategic plan focussed on the diversification of the national economy to reduce the country’s dependence on oil revenues. The plan also aims at fueling the share of the private sector in the country’s economy and increase private investments in the development and expansion of the country’s infrastructure. It also expects to generate capital by developing the tourism industry, which will increase the economic output of the country and create tremendous opportunities for facility management market players in Kuwait.

Competitive Landscape

Some of the major players operating in the facility management in Kuwait are Kharafi National, O&G Engineering W.L.L, Fawaz Refrigeration & Air Conditioning Company, EcovertFM Kuwait, Al Mazaya Holding Company, Al-Awsat United Real Estate Co., R&E Petroleum Co., Refrigeration Industries & Storage Company, PIMCO, and United Facilities Management.
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1. Research Background
1.1 Research Objectives
1.2 Market Definition
1.3 Research Scope
1.3.1 Market Segmentation by Service
1.3.2 Market Segmentation by End User
1.3.3 Market Segmentation by Mode
1.3.4 Analysis Period
1.3.5 Market Data Reporting Unit
1.3.5.1 Value
1.4 Key Stakeholders

2. Research Methodology
2.1 Secondary Research
2.2 Primary Research
2.2.1 Breakdown of Primary Research Respondents
2.2.1.1 by region
2.2.1.2 by industry participant
2.3 Market Size Estimation
2.4 Data Triangulation
2.5 Assumptions for the Study

3. Executive Summary

4. Introduction
4.1 Definition of Market Segments
4.1.1 by Service
4.1.1.1 Property services
4.1.1.2 Cleaning services
4.1.1.3 Security services
4.1.1.4 Catering services
4.1.1.5 Support services
4.1.1.6 Environmental management services
4.1.1.7 Other services
4.1.2 by End User
4.1.2.1 Commercial
4.1.2.2 Industrial
4.1.2.3 Residential
4.1.3 by Mode
4.1.3.1 In-house
4.1.3.2 Outsourced
4.2 Market Dynamics
4.2.1 Trends
4.2.1.1 Economic diversification
4.2.1.2 Increasing investment in tourism industry
4.2.2 Drivers
4.2.2.1 Growing hospitality industry in the country
4.2.2.2 Upcoming infrastructure projects
4.2.2.3 Impact analysis of drivers on market forecast
4.2.3 Restraints
4.2.3.1 Lack of competent professional resources
4.2.3.2 Impact analysis of restraints on market forecast
4.2.4 Opportunities
4.2.4.1 the ‘Kuwait 2035’ vision
4.2.4.2 Increasing demand of outsourced facility management services
4.3 Porter’s Five Forces Analysis
4.3.1 Bargaining Power of Buyers
4.3.2 Bargaining Power of Suppliers
4.3.3 Intensity of Rivalry
4.3.4 Threat of New Entrants
4.3.5 Threat of Substitutes

5. Kuwait Market Size and Forecast
5.1 by Service
5.2 by End User
5.3 by Mode

6. Competitive Landscape
6.1 Competitive Analysis of Key Players
6.2 Benchmarking of Key Players Based on Offerings

7. Company Profiles
7.1 Kharafi National
7.1.1 Business Overview
7.1.2 Product and Service Offerings
7.1.2.1 Strategic Growth Plans
7.2 O&G Engineering W.L.L.
7.2.1 Business Overview
7.2.2 Product and Service Offerings
7.2.3 Strategic Growth Plans
7.3 Fawaz Refrigeration & Air Conditioning Company
7.3.1 Business Overview
7.3.2 Product and Service Offerings
7.3.3 Strategic Growth Plans
7.4 EcovertFM Kuwait
7.4.1 Business Overview
7.4.2 Product and Service Offerings
7.5 Al Mazaya Holding Company
7.5.1 Business Overview
7.5.2 Product and Service Offerings
7.5.3 Key Financial Summary
7.5.4 Strategic Growth Plans
7.6 Al-Awsat United Real Estate Co.
7.6.1 Business Overview
7.6.2 Product and Service Offerings
7.7 R&E Petroleum Co.
7.7.1 Business Overview
7.7.2 Product and Service Offerings
7.8 Refrigeration Industries & Storage Company
7.8.1 Business Overview
7.8.2 Product and Service Offerings
7.8.3 Strategic Growth Plans
7.9 PIMCO
7.9.1 Business Overview
7.9.2 Product and Service Offerings
7.9.3 Strategic Growth Plans
7.10 United Facilities Management
7.10.1 Business Overview
7.10.2 Product and Service Offerings

8. Appendix
8.1 Abbreviations
8.2 Sources and References

List of Tables
Table 1 Analysis Period of the Study
Table 2 Driver For the Market: Impact Analysis
Table 3 Restraints For the Market: Impact Analysis
Table 4 Kuwait Facility Management Market, by Service, $M (2013 - 2017)
Table 5 Kuwait Facility Management Market, by Service, $M (2018 - 2023)
Table 6 Kuwait Facility Management Market, by End User, $M (2013 - 2017)
Table 7 Kuwait Facility Management Market, by End User, $M (2018 - 2023)
Table 8 Kuwait Facility Management Market, by Mode, $M (2013 - 2017)
Table 9 Kuwait Facility Management Market, by Mode, $M (2018 - 2023)
Table 10 Top Three Players In Kuwait (2017)
Table 11 Kharafi National - At a Glance
Table 12 O&G Engineering W.L.L. - At a Glance
Table 13 Fawaz Refrigeration & Air Conditioning Company - At a Glance
Table 14 Ecovertfm Kuwait - At a Glance
Table 15 Al Mazaya Holding Company - At a Glance
Table 16 Al Mazaya Holding Co. - Key Financial Summary
Table 17 Al Mazaya Holding Company Revenue Split by Geography and Segment (2016)
Table 18 Al-Awsat United Real Estate Co. - At a Glance
Table 19 R&E Petroleum Co. - At a Glance
Table 20 Refrigeration Industries & Storage Company - At a Glance
Table 21 Pimco - At a Glance
Table 22 United Facilities Management - At a Glance

List of Figures
Fig 1 Research Methodology
Fig 2 Breakdown of Primary Research by Region
Fig 3 Breakdown of Primary Research by Industry Participant
Fig 4 Data Triangulation Approach
Fig 5 Kuwait Facility Management Market Summary
Fig 6 Porter’S Five Forces Analysis
Fig 7 Kuwait Facility Management Market Snapshot
Fig 8 Kuwait Facility Management Market, by Service, $M (2013 - 2023)
Fig 9 Kuwait Facility Management Market, by End User, $M (2013 - 2023)
Fig 10 Kuwait Facility Management Market, by Mode, $M (2013 - 2023)
Fig 11 Benchmarking of Key Players In Kuwait Facility Management Market, by Technology (2017)
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