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GCC Facility Management Market Analysis, 2021

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  • 187 Pages
  • March 2021
  • Region: Middle East
  • MarkNtel Advisors LLP
  • ID: 5439574

Market Overview

Facility Management is a process of managing a physical workplace and providing all the necessary services like equipment maintenance, space planning, portfolio forecasting, and maintenance support to various end-users, such as offices, schools, hospitals, the residential sector, etc.

According to the publisher's research report, GCC Facility Management Market Analysis, 2021, the market is likely to grow at a CAGR of around 8.2% between 2021-26. This growth attributes to the increasing demand for facility management services in commercial & residential buildings and surging construction activities & industrial projects.

Besides, the execution of various development programs, such as Qatar National Vision 2030, Saudi Vision 2030, and Kuwait National Development Plan, promotes the country's infrastructural development, thereby positively propelling the market growth.

Impact of COVID-19

Due to the outbreak of the COVID-19 pandemic, great facility management vendors are coming up with plans to focus on business continuity. However, the delivery of routine services is the biggest challenge for the suppliers. With the commencement of COVID-19, the need for frequent cleaning services has increased substantially during the pandemic. However, suppliers find it challenging to provide regular facility management services to end-users, thereby creating a gap between the demand and supply of the market.

Market Segmentation

Services accounted for the Largest Market Share.

Based on the type, the market segments are hard, soft, risk, and administrative. Among these segments, the 'hard type' acquired the largest share of the GCC facility management market in 2019 owing to its increasing adoption by organizations for workplace management and rising inclination toward professional services.

Moreover, the rising FDIs (Foreign Direct Investments) in the real estate sector resulting in an increased need for 'hard' facility management services is also likely to promote its demand in the forecast period, reveals the author in their research report, GCC Facility Management Market Analysis, 2021.

Commercial Segment Grabbed the Highest Share

Based on the end-user system, the commercial segment is likely to be the fastest-growing category in the GCC facility management market during the forecast period. The growth of this segment attributes to rising awareness regarding the optimization of expenditure for commercial building management. Besides, soaring customer preferences toward hygienic places are infusing cleaner facilities in the hospitality sector, thereby propelling the market growth.

Regional Landscape

Saudi Arabia showed Substantial Growth

Among all GCC countries, Saudi Arabia holds the largest share in the facility management market owing to the rapidly increasing tourism sector due to significantly growing religious tourists. The growth also attributes to the emergence of various national development plans for advanced infrastructure and surging demand for facility management. Moreover, forthcoming large-scale real estate projects like Amaala by 2028 and the Red Sea Project by 2030 are likely to propel the demand for facility management in Saudi Arabia in the forecast period.

Market Driver

The surging demand for Cloud-based solution across Various Companies

The increasing demand for a cloud-based solution for facility management fuels the market growth due to the low operating cost associated with cloud-based solutions. Besides, other benefits of incorporating cloud-based solutions with facility management, such as easy data recovery, reduced maintenance costs, and enhanced customer satisfaction, are also backing the market growth.

Competitive Landscape

According to the publishers, the major leading players in the GCC Facility Management market are EMCOR Group Inc., Emrill Services LLC., United Facilities Management, Khidmah LLC, Cofely Besix Facility Management, Kharafi National, Interserve plc, Imdaad LLC, Musanadah Facilities Management Co. Ltd., and Farnek Services LLC.

Key Questions Answered in the Market Research Report:

1. What are the overall market statistics or market estimates (Market Overview, Market Size- By Value, Forecast Numbers, Market Segmentation, Market Shares) of GCC Facility Management Market?
2. What is the country-wise industry size, growth drivers, challenges, key market trends?
3. What are the key innovations, opportunities, current & future trends, and regulations in the GCC Facility Management Market?
4. Who are the key competitors, their key strengths and weaknesses, and how do they perform in GCC Facility Management Market based on a competitive benchmarking matrix?
5. What are the key results derived from the market surveys conducted during the GCC Facility Management Market study?

Table of Contents

1. Introduction
1.1. Product Definition
1.2. Research Process
1.3. Assumptions
1.4. Market Segmentation
2. Preface3. Executive Summary4. Impact of COVID-19 on GCC Facility Management Market5. Expert Verbatim- What our Experts Say?
6. GCC Facility Management Market Outlook (2016-2026)
6.1. Industry Potential & Outlook
6.1.1. By Revenues
6.2. Industry Segmentation & Outlook
6.2.1. By Type Hard Soft Risk Administrative
6.2.2. By Operating Model In-House Outsourced
6.2.3. By Service Delivery Integrated Bundled Single Services
6.2.4. By End Users Commercial Residential Government Retail Education Healthcare Hospitality Others
6.2.5. By Enterprise Size Large Mid-Size Small
6.2.6. By Region UAE Saudi-Arabia Qatar Oman Bahrain Kuwait
6.2.7. By Company Revenue Shares Strategic Factorial Indexing Competitor Placement in MarkNtel Quadrant
7. UAE Facility Management Market Outlook (2016- 2026)
7.1. Industry Potential & Outlook
7.1.1. By Revenues
7.2. Industry Segmentation & Outlook
7.2.1. By Type
7.2.2. By Operating Model
7.2.3. By Service Delivery
7.2.4. By End Users
7.2.5. By Enterprise Size
8. Saudi Arabia Facility Management Market Outlook (2016-2026)
8.1. Industry Potential & Outlook
8.1.1. By Revenues
8.2. Industry Segmentation & Outlook
8.2.1. By Type
8.2.2. By Operating Model
8.2.3. By Service Delivery
8.2.4. By End Users
8.2.5. By Enterprise Size
9. Qatar Facility Management Market Outlook (2016-2026)
9.1. Industry Potential & Outlook
9.1.1. By Revenues
9.2. Industry Segmentation & Outlook
9.2.1. By Type
9.2.2. By Operating Model
9.2.3. By Service Delivery
9.2.4. By End Users
9.2.5. By Enterprise Size
10. Oman Facility Management Market Outlook (2016-2026)
10.1. Industry Potential & Outlook
10.1.1. By Revenues
10.2. Industry Segmentation & Outlook
10.2.1. By Type
10.2.2. By Operating Model
10.2.3. By Service Delivery
10.2.4. By End Users
10.2.5. By Enterprise Size
11. Bahrain Facility Management Market Outlook (2016-2026)
11.1. Industry Potential & Outlook
11.1.1. By Revenues
11.2. Industry Segmentation & Outlook
11.2.1. By Type
11.2.2. By Operating Model
11.2.3. By Service Delivery
11.2.4. By End Users
11.2.5. By Enterprise Size
12. Kuwait Facility Management Market Outlook (2016-2026)
12.1. Industry Potential & Outlook
12.1.1. By Revenues
12.2. Industry Segmentation & Outlook
12.2.1. By Type
12.2.2. By Operating Model
12.2.3. By Service Delivery
12.2.4. By End Users
12.2.5. By Enterprise Size
13. GCC Facility Management Market Regulations14. GCC Facility Management Market Trends & Developments
15. GCC Facility Management Market Dynamics
15.1. Impact Analysis
15.2. Drivers
15.3. Challenges
16. GCC Facility Management Market Attractiveness Index, 2019- 2025
16.1. By Type
16.2. By Operating Model
16.3. By Service Delivery
16.4. By End Users
16.5. By Enterprise Size
17. GCC Facility Management Market Hotspot & Opportunities18. GCC Facility Management Market Key Strategic Imperatives for Success and Growth
19. Competitive Outlook
19.1. Competition Matrix
19.1.1. Target Markets
19.1.2. Research & Development
19.1.3. Collaborations & Strategic Alliances
19.1.4. Key Business Expansion Initiatives
19.1.5. Business Restructuring- Mergers, Acquisition, JVs
19.1.6. Strategic Initiatives
19.2. Company Profiles (Business Description, Product Segment, Business Segment, Financials, Strategic Alliances or Partnerships, Future Plans)
19.2.1. EMCOR Group Inc
19.2.2. Emrill Services LLC
19.2.3. United Facilities Management
19.2.4. Khidmah LLC
19.2.5. Kharafi National, Interserve plc
19.2.6. Cofely Besix Facility Management,
19.2.7. Imdaad LLC,
19.2.8. Musanadah Facilities Management Co. Ltd.
19.2.9. Farnek Services LLC
20. Disclaimer

Companies Mentioned

  • EMCOR Group Inc.
  • Emrill Services LLC.
  • United Facilities Management
  • Khidmah LLC
  • Cofely Besix Facility Management
  • Kharafi National
  • Interserve plc
  • Imdaad LLC
  • Musanadah Facilities Management Co. Ltd.
  • Farnek Services LLC