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Kuwait Facility Management Market Research Report: By Service, End User, Mode, Type - Industry Analysis and Demand Forecast to 2030

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    Report

  • 126 Pages
  • February 2022
  • Region: Kuwait
  • Prescient & Strategic Intelligence Private Limited
  • ID: 4775428

FEATURED COMPANIES

  • Al Mazaya Holding Company
  • Alghanim International
  • Ecovertfm Kuwait
  • O&G Engineering W.L.L.
  • Pimco
  • R&E Petroleum Co.
The Kuwaiti facility management market value is expected to surge to $1,995.5 million by 2030 from an estimated $954.4 million in 2021, at an 8.5% CAGR between 2021 and 2030. Due to this, Kharafi National for Infrastructure Projects Developments Construction and Services S.A.E., Fawaz Trading & Engineering Services Co. W.L.L., O&G Engineering W.L.L., EcovertFM Kuwait, Al-Awsat United Real Estate Co., Al Mazaya Holding Company, R&E Petroleum Co., PIMCO, Refrigeration Industries Co. (S.A.K.), and United Facilities Management (UFM) stand to gain handsomely.



Even though the COVID-19 pandemic led to a vast reduction in the demand for facility management services in Kuwait in 2020, service providers can hope for a swift recovery in the coming years. With the general awareness that the coronavirus can survive in the air and exposed surfaces for a short time and infect anyone who comes near, the demand for cleaning and hygiene-related services has started rising rapidly.

Key Findings of Kuwait Facility Management Market Report

  • The large-scale construction of hospitals and tourist attractions is driving the demand for facility management as these services are essential at these places for attracting visitors.
  • Moreover, the Kuwaiti government has struck a $495-million deal with the private sector for the development of industrial, residential, and warehousing infrastructure, which is also acting as a key Kuwaiti facility management market growth driver.
  • Entities continue to outsource facility management to third-party service providers, to avoid keeping a large staff and to be free to focus on their actual operational areas.
  • Property services are in the highest demand in the country because they help in the day-to-day operations of built infrastructure; they include mechanical & electrical maintenance, HVAC maintenance, and an array of support services.
  • The commercial sector is the largest user of facility management services in Kuwait because of the strong focus of the government on the hospital & tourism, retail, education, and other commercial sectors.
  • The Kuwait Vision 2035 will bring further opportunities for Kuwaiti facility management market players as it involves infrastructure development on a massive scale.

Much of the infrastructure development, including that under Kuwait Vision 2035, is being done so that the reliance of the country on the oil and gas industry can be lessened. With the global green push and Kuwait's own strong focus on sustainability, the oil and gas industry is set to lose its significance for the Kuwaiti economy after the next two decades, by which time the government wants to have developed other sectors enough, so that the country's economic growth isn't impacted much.

To leverage the opportunities being created by infrastructure development, Kuwaiti facility management market players are expanding their operations. For instance, a new brand, ProClean, was launched by Al Mulla Cleaning and Maintenance Services (AMCMS) in August 2021 for providing cleaning services at commercial, residential, and industrial facilities. Similarly, in January 2020, ENGIE Services Kuwait was contracted by Taiba Hospital to offer integrated facility management services.

FEATURED COMPANIES

  • Al Mazaya Holding Company
  • Alghanim International
  • Ecovertfm Kuwait
  • O&G Engineering W.L.L.
  • Pimco
  • R&E Petroleum Co.

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
2.1.1 Paid
2.1.2 Unpaid
2.1.3 Publisher Intelligence Database
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
4.1.1.1.1 Hvac Maintenance
4.1.1.1.2 Mechanical & Electrical Maintenance
4.1.1.1.3 Others
4.1.1.2 Cleaning
4.1.1.3 Security
4.1.1.4 Catering
4.1.1.5 Support
4.1.1.6 Environmental Management
4.1.1.7 Others
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
4.2.2 Drivers
4.2.2.1 Growing Hospitality Industry
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 Vision 2035
4.2.4.2 Increasing Demand for Outsourced Facility Management Services
4.3 Impact of Covid-19
4.4 Porter's Five Forces Analysis
4.4.1 Bargaining Power of Buyers
4.4.2 Bargaining Power of Suppliers
4.4.3 Intensity of Rivalry
4.4.4 Threat of New Entrants
4.4.5 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 Capacity
6.1.1 Office Capacity
6.1.2 Retail Capacity
6.1.3 Hotel Capacity
6.2 Residential End-user Capacity
6.3 Industrial End-user Capacity
Chapter 7. Kuwait Facility Management Workforce Analysis
7.1 Workforce Analysis, by End-user
7.2 Workforce Analysis, by Mode
Chapter 8. Major Contracts/Projects of Key Players
8.1 Major Contracts/Projects of Key Players
8.2 List of Upcoming Contracts
Chapter 9. Competitive Landscape
9.1 Key Players and Their Offerings
9.2 List of Other Players and Their Offerings
9.3 Strategic Developments of Key Players
Chapter 10. Company Profiles
10.1 Kharafi National for Infrastructure Projects Developments Construction and Services S.A.E
10.1.1 Business Overview
10.1.2 Product and Service Offerings
10.2 O&G Engineering W.L.L.
10.2.1 Business Overview
10.2.2 Product and Service Offerings
10.3 Fawaz Trading & Engineering Services Co. W.L.L.
10.3.1 Business Overview
10.3.2 Product and Service Offerings
10.4 Ecovertfm Kuwait
10.4.1 Business Overview
10.4.2 Product and Service Offerings
10.5 Al Mazaya Holding Company
10.5.1 Business Overview
10.5.2 Product and Service Offerings
10.5.3 Key Financial Summary
10.6 Al-Awsat United Real Estate Co.
10.6.1 Business Overview
10.6.2 Product and Service Offerings
10.7 R&E Petroleum Co.
10.7.1 Business Overview
10.7.2 Product and Service Offerings
10.8 Refrigeration Industries Co. (S.A.K.)
10.8.1 Business Overview
10.8.2 Product and Service Offerings
10.9 Pimco
10.9.1 Business Overview
10.9.2 Product and Service Offerings
10.10 United Facilities Management
10.10.1 Business Overview
10.10.2 Product and Service Offerings
10.11 Al Mulla Group Holding Company K.S.C.C.
10.11.1 Business Overview
10.11.2 Product and Service Offerings
10.12 Gulf Engineering Company K.S.C.C.
10.12.1 Business Overview
10.12.2 Product and Service Offerings
10.13 Kazema Global Holding Company
10.13.1 Business Overview
10.13.2 Product and Service Offerings
10.14 Universal Technical Co.
10.14.1 Business Overview
10.14.2 Product and Service Offerings
10.15 Alghanim International
10.15.1 Business Overview
10.15.2 Product and Service Offerings
Chapter 11. Appendix
11.1 Abbreviations
11.2 Sources and References
11.3 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 (2017-2021)
Table 5 Kuwait Facility Management Market, by Service, $M (2022-2026)
Table 6 Kuwait Facility Management Market, by Service, $M (2027-2030)
Table 7 Kuwait Facility Management Market for Property Services, by Type, $M (2017-2021)
Table 8 Kuwait Facility Management Market for Property Services, by Type, $M (2022-2026)
Table 9 Kuwait Facility Management Market for Property Services, by Type, $M (2027-2030)
Table 10 Kuwait Facility Management Market, by End-user, $M (2017-2021)
Table 11 Kuwait Facility Management Market, by End-user, $M (2022-2026)
Table 12 Kuwait Facility Management Market, by End-user, $M (2027-2030)
Table 13 Kuwait Facility Management Market, by Mode, $M (2017-2021)
Table 14 Kuwait Facility Management Market, by Mode, $M (2022-2026)
Table 15 Kuwait Facility Management Market, by Mode, $M (2027-2030)
Table 16 Kuwait Outsourced Facility Management Market, by Type, $M (2017-2021)
Table 17 Kuwait Outsourced Facility Management Market, by Type, $M (2022-2026)
Table 18 Kuwait Outsourced Facility Management Market, by Type, $M (2027-2030)
Table 19 Kuwait Facility Management Market, by Type, $M (2017-2021)
Table 20 Kuwait Facility Management Market, by Type, $M (2022-2026)
Table 21 Kuwait Facility Management Market, by Type, $M (2027-2030)
Table 22 Kuwait Facility Management Workforce in Thousands, by End-user (2017-2021)
Table 23 Kuwait Facility Management Workforce in Thousands, by End-user (2022-2026)
Table 24 Kuwait Facility Management Workforce in Thousands, by End-user (2027-2030)
Table 25 Kuwait Facility Management Workforce in Thousands, by Mode (2017-2021)
Table 26 Kuwait Facility Management Workforce in Thousands, by Mode (2022-2026)
Table 27 Kuwait Facility Management Workforce in Thousands, by Mode (2026-2030)
Table 28 List of Major Facility Management Contracts/Projects of Key Players
Table 29 List of Upcoming Facility Management Governmental Contracts in Kuwait
Table 30 List of Other Players and Their Offerings in Kuwait Facility Management Market
Table 31 Kharafi National for Infrastructure Projects Developments Construction and Services S.A.E - at a Glance
Table 32 O&G Engineering W.L.L. - at a Glance
Table 33 Fawaz Trading & Engineering Services Co. W.L.L. - at a Glance
Table 34 Ecovertfm Kuwait - at a Glance
Table 35 Al Mazaya Holding Company - at a Glance
Table 36 Al Mazaya Holding Company - Key Financial Summary
Table 37 Al Mazaya Holding Company - Revenue Split by Geography (2020)
Table 38 Al-Awsat United Real Estate Co. - at a Glance
Table 39 R&E Petroleum Co. - at a Glance
Table 40 Refrigeration Industries Co. (S.A.K.) - at a Glance
Table 41 Pimco - at a Glance
Table 42 United Facilities Management - at a Glance
Table 43 Al Mulla Group Holding Company K.S.C.C. - at a Glance
Table 44 Gulf Engineering Company K.S.C.C. - at a Glance
Table 45 Kazema Global Holding Company - at a Glance
Table 46 Universal Technical Co. - at a Glance
Table 47 Alghanim International - at a Glance
List of Figures
Figure 1 Research Methodology
Figure 2 Breakdown of Primary Research by Industry Participant
Figure 3 Breakdown of Primary Research by Company Type
Figure 4 Data Triangulation Approach
Figure 5 Kuwait Facility Management Market Summary
Figure 6 Bargaining Power of Buyers
Figure 7 Bargaining Power of Suppliers
Figure 8 Intensity of Rivalry
Figure 9 Threat of New Entrants
Figure 10 Threat of Substitutes
Figure 11 Kuwait Facility Management Market Snapshot
Figure 12 Kuwait Facility Management Market, by Service, $M (2017-2030)
Figure 13 Kuwait Facility Management Market for Property Services, by Type, $M (2017-2030)
Figure 14 Kuwait Facility Management Market, by End-user, $M (2017-2030)
Figure 15 Kuwait Facility Management Market, by Mode, $M (2017-2030)
Figure 16 Kuwait Outsourced Facility Management Market, by Type, $M (2017-2030)
Figure 17 Kuwait Facility Management Market, by Type, $M (2017-2030)
Figure 18 Kuwait Office Capacity, Thousand Square Meters (2017-2030)
Figure 19 Kuwait Retail Capacity, Thousand Square Meters (2017-2030)
Figure 20 Total Number of Hotel Rooms in Kuwait, Thousand Units (2017-2030)
Figure 21 Kuwait Residential Capacity, Thousand Units (2017-2030)
Figure 22 Total Number of Industries in Kuwait, Units (2017-2030)
Figure 23 Kuwait Facility Management Workforce in Thousands, by End-user (2017-2030)
Figure 24 Kuwait Facility Management Workforce in Thousands, by Mode (2017-2030)
Figure 25 Key Players and Their Offerings in Kuwait Facility Management Market
  • Kharafi National for Infrastructure Projects Developments Construction and Services S.A.E
  • O&G Engineering W.L.L.
  • Fawaz Trading & Engineering Services Co. W.L.L.
  • Ecovertfm Kuwait
  • Al Mazaya Holding Company
  • Al-Awsat United Real Estate Co.
  • R&E Petroleum Co.
  • Refrigeration Industries Co. (S.A.K.)
  • Pimco
  • United Facilities Management
  • Al Mulla Group Holding Company K.S.C.C.
  • Gulf Engineering Company K.S.C.C.
  • Kazema Global Holding Company
  • Universal Technical Co.
  • Alghanim International

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