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Kuwait Facility Management Market by Service, by End User, by Mode, by Type - Market Size, Share, Development, Growth, and Demand Forecast to 2024

  • ID: 4775428
  • Report
  • Region: Kuwait
  • 93 Pages
  • Prescient & Strategic Intelligence Private Limited
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FEATURED COMPANIES

  • Al Mazaya Holding Company
  • EcovertFM Kuwait
  • Kharafi National
  • O&G Engineering W.L.L.
  • PIMCO
  • R&E Petroleum Co.
  • MORE

"Kuwait Facility Management Market by Service (Property [HVAC Maintenance, Mechanical & Electrical Maintenance], Cleaning, Security, Catering, Support, Environmental Management), by End-User (Commercial, Industrial, Residential), by Mode (In-House, Outsourced [Integrated, Bundled, Single]), by Type (Hard, Soft) - Market Size, Share, Development, Growth, and Demand Forecast to 2024"

According to the publisher, the Kuwaiti facility management market is projected to attain a size of $3,077.7 million by 2024, advancing at a CAGR of 8.3% during the forecast period (2019-2024). The main reason behind the growth of the market is rising investment in construction projects. Facility management means a professional service availed to take care of multiple disciplines in order to ensure the proper functionality of a building with the help of people, technologies, and processes.

Based on service, the Kuwaiti facility management market is divided into property services, security services, support services, cleaning services, environmental management services, catering services, and other services. ‘Other’ services include furniture supply, utility management, reception staffing, and contract management. Among these, in 2018, the property services division made a revenue contribution of more than 25.0% in the market. These services offer various benefits, such as timely rent collection, better tenant retention, short vacancy cycles, and tax assistance. Due to these benefits, the demand for this service is increasing in the country.

In 2018, the commercial sector was the largest end user, with a 40.0% revenue share in the facility management market in Kuwait. These services are witnessing a rise in demand due to the surging awareness among end users on optimizing their commercial building management expenditure. Also, the market in the commercial sector is predicted to observe significant growth during the 2019-2024 period, mainly because of an increase in the number of malls, hotels, commercial centers, and other commercial sites.

On the basis of service type, the Kuwaiti facility management market is bifurcated into in-house and outsourced. In 2018, the in-house type dominated the market with a share exceeding 75.0%. The dominating position of the in-house service type is ascribed to its long-standing presence, comparatively high adoption rate, and low cost.

Based on type, the Kuwaiti facility management market is classified into hard, soft, and other services. In 2018, out of these, the hard services classification registered the largest share in the market, owing to its technical nature and its per-square-feet cost that is more than that of soft services.

The ‘Kuwait 2035’ vision is a plan aimed at the diversification of the national economy to minimize the dependence on oil revenues. Also, the plan focuses on boosting the private sector’s share in the country’s economy and escalating private investments in the expansion of the infrastructure sector.

Some of the key players in the Kuwaiti facility management market are O&G Engineering W.L.L., Kharafi National, Ecovert FM Kuwait, Fawaz Refrigeration & Air Conditioning Company, Al Mazaya Holding Company, R&E Petroleum Co., Refrigeration Industries & Storage Company, Al-Awsat United Real Estate Co., PIMCO, and United Facilities Management.

KUWAIT FACILITY MANAGEMENT MARKET SEGMENTATION

Market Segmentation by Service

  • Property
    • Heating, ventilation, and air conditioning (HVAC) maintenance
    • Mechanical and electrical maintenance
    • Others
  • Cleaning
  • Security
  • Catering
  • Support
  • Environmental Management
  • Others

Market Segmentation by End User

  • Commercial
  • Industrial
  • Residential

Market Segmentation by Mode

  • In-House
  • Outsourced
  • Integrated
  • Bundled
  • Single

Market Segmentation by Type

  • Hard
  • Soft
  • Others
Note: Product cover images may vary from those shown
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FEATURED COMPANIES

  • Al Mazaya Holding Company
  • EcovertFM Kuwait
  • Kharafi National
  • O&G Engineering W.L.L.
  • PIMCO
  • R&E Petroleum Co.
  • MORE

Chapter 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 Market Segmentation by Type
1.3.5 Analysis Period
1.3.6 Market Data Reporting Unit
1.3.6.1 Value
1.4 Key Stakeholders

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

Chapter 3. Executive Summary

Chapter 4. Introduction
4.1 Definition of Market Segments
4.1.1 By Service
4.1.1.1 Property services
4.1.1.1.1 HVAC maintenance services
4.1.1.1.2 Mechanical and electrical maintenance services
4.1.1.1.3 Other 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
4.1.3.2.1 Integrated
4.1.3.2.2 Bundled
4.1.3.2.3 Single
4.1.4 By Type
4.1.4.1 Hard
4.1.4.2 Soft
4.1.4.3 Others
4.2 Market Dynamics
4.2.1 Trends
4.2.1.1 Economic diversification
4.2.1.2 Increasing investment in the 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 the market forecast
4.2.3 Restraints
4.2.3.1 Lack of competent professional resources
4.2.3.2 Impact analysis of restraints on the market forecast
4.2.4 Opportunities
4.2.4.1 The Kuwait 2035 vision
4.2.4.2 Increasing demand for 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

Chapter 5. Kuwait Market Size and Forecast
5.1 By Service
5.1.1 Property Services, by Type
5.2 By End User
5.3 By Mode
5.3.1 Outsourced Mode, by Type
5.4 By Type

Chapter 6. Kuwait Facility Management End-User Capacity Analysis
6.1 Commercial End User, by Capacity
6.1.1 Office Capacity
6.1.2 Retail Capacity
6.1.3 Hotel Capacity
6.2 Residential End User, by Capacity
6.3 Industrial End User, by Capacity

Chapter 7. Kuwait Facility Management Workforce Analysis
7.1 Workforce Analysis, by End User
7.2 Workforce Analysis, by Mode

Chapter 8. Competitive Landscape
8.1 Market Share Analysis of Key Players
8.2 Key Players and Their Offerings

Chapter 9. Company Profiles
9.1 Kharafi National
9.1.1 Business Overview
9.1.2 Product and Service Offerings
9.2 O&G Engineering W.L.L.
9.2.1 Business Overview
9.2.2 Product and Service Offerings
9.3 Fawaz Refrigeration & Air Conditioning Company
9.3.1 Business Overview
9.3.2 Product and Service Offerings
9.4 EcovertFM Kuwait
9.4.1 Business Overview
9.4.2 Product and Service Offerings
9.5 Al Mazaya Holding Company
9.5.1 Business Overview
9.5.2 Product and Service Offerings
9.5.3 Key Financial Summary
9.6 Al-Awsat United Real Estate Co.
9.6.1 Business Overview
9.6.2 Product and Service Offerings
9.7 R&E Petroleum Co.
9.7.1 Business Overview
9.7.2 Product and Service Offerings
9.8 Refrigeration Industries & Storage Company
9.8.1 Business Overview
9.8.2 Product and Service Offerings
9.9 PIMCO
9.9.1 Business Overview
9.9.2 Product and Service Offerings
9.10 United Facilities Management
9.10.1 Business Overview
9.10.2 Product and Service Offerings
9.11 List of Other Players

Chapter 10. Appendix
10.1 Abbreviations
10.2 Sources and References
10.3 Related Reports

List of Tables
Table 1 Analysis Period Of The Study
Table 2 Drivers For The Market: Impact Analysis
Table 3 Restraints For The Market: Impact Analysis
Table 4 Kuwait Facility Management Market, By Service, $M (2014-2018)
Table 5 Kuwait Facility Management Market, By Service, $M (2019-2024)
Table 6 Kuwait Facility Management Market For Property Services, By Type, $M (2014-2018)
Table 7 Kuwait Facility Management Market For Property Services, By Type, $M (2019-2024)
Table 8 Kuwait Facility Management Market, By End User, $M (2014-2018)
Table 9 Kuwait Facility Management Market, By End User, $M (2019-2024)
Table 10 Kuwait Facility Management Market, By Mode, $M (2014-2018)
Table 11 Kuwait Facility Management Market, By Mode, $M (2019-2024)
Table 12 Kuwait Outsourced Facility Management Market, By Type, $M (2014-2018)
Table 13 Kuwait Outsourced Facility Management Market, By Type, $M (2019-2024)
Table 14 Kuwait Facility Management Market, By Type, $M (2014-2018)
Table 15 Kuwait Facility Management Market, By Type, $M (2019-2024)
Table 16 Kuwait Facility Management Workforce In Thousands, By End User (2014-2018)
Table 17 Kuwait Facility Management Workforce In Thousands, By End User (2019-2024)
Table 18 Kuwait Facility Management Workforce In Thousands, By Mode (2014-2018)
Table 19 Kuwait Facility Management Workforce In Thousands, By Mode (2019-2024)
Table 20 Kharafi National - At A Glance
Table 21 O&G Engineering W.L.L. - At A Glance
Table 22 Fawaz Refrigeration & Air Conditioning Company - At A Glance
Table 23 Ecovertfm Kuwait - At A Glance
Table 24 Al Mazaya Holding Company - At A Glance
Table 25 Al Mazaya Holding Co. - Key Financial Summary
Table 26 Al Mazaya Holding Company Revenue Split By Geography And Segment (2017)
Table 27 Al-Awsat United Real Estate Co. - At A Glance
Table 28 R&E Petroleum Co. - At A Glance
Table 29 Refrigeration Industries & Storage Company - At A Glance
Table 30 Pimco - At A Glance
Table 31 United Facilities Management - At A Glance
Table 32 List Of Other Players Operating In The Kuwaiti Facility Management Market

List of Figures
Fig 1 Research Methodology
Fig 2 Breakdown Of Primary Research By Industry Participant
Fig 3 Breakdown Of Primary Research By Company Type
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 (2014-2024)
Fig 9 Kuwait Facility Management Market For Property Services, By Type, $M (2014-2024)
Fig 10 Kuwait Facility Management Market, By End User, $M (2014-2024)
Fig 11 Kuwait Facility Management Market, By Mode, $M (2014-2024)
Fig 12 Kuwait Outsourced Facility Management Market, By Type, $M (2014-2024)
Fig 13 Kuwait Facility Management Market, By Type, $M (2014-2024)
Fig 14 Kuwait Office Capacity In ‘000 Square Meters (2014-2024)
Fig 15 Kuwait Retail Capacity In ‘000 Square Meters (2014-2024)
Fig 16 Total Number Of Hotel Rooms In Kuwait, ‘000 Units (2014-2024)
Fig 17 Kuwait Residential Capacity, ‘000 Units (2014-2024)
Fig 18 Total Number Of Industries In Kuwait (2014-2024)
Fig 19 Kuwait Facility Management Workforce In Thousands, By End User (2014-2024)
Fig 20 Kuwait Facility Management Workforce In Thousands, By Mode (2014-2024)
Fig 21 Kuwait Outsourced Facility Management Market Share Of Key Players (2018)
Fig 22 Key Players & Their Offerings In Kuwait Facility Management Market

Note: Product cover images may vary from those shown
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  • Al Mazaya Holding Company
  • Al-Awsat United Real Estate Co.
  • EcovertFM Kuwait
  • Fawaz Refrigeration & Air Conditioning Company
  • Kharafi National
  • O&G Engineering W.L.L.
  • PIMCO
  • R&E Petroleum Co.
  • Refrigeration Industries & Storage Company
  • United Facilities Management
Note: Product cover images may vary from those shown
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