KSA Facility Management Market Outlook to 2026F - Driven by the Government Initiatives to Promote Tourism Along With Saudi Vision 2030 and Infrastructure Developments in the Country

The report titled “KSA Facility Management Market Outlook to 2026F- Driven by the government initiatives to promote Tourism along with Saudi Vision 2030 and infrastructure developments in the country “ provides a comprehensive analysis of the Facility management market in KSA. The report covers an overview and genesis of the industry, service-wise market size; market segmentations; analysis of the facility management market; trends and developments, issues and challenges and comparative landscape including market shares of major companies, competition scenario, cross comparison and cost sheet of major market players in KSA. The report concludes with future market projections of each service segmentation and Analyst recommendations to the growth of the Facility Management Market in KSA.

KSA Facility Management Market Overview

Saudi Arabia’s Real Estate Market is one of the biggest and fastest-growing markets due to government support initiatives and rising younger population. The Capital city of Riyadh has the highest existing and upcoming stock of office and residential space in the country. KSA Facility Management market is at the growing stage with huge profitability potential marked with the presence of 50+ Facility Management Service providers and increasing. The Market has experienced a robust growth rate over the period 2020-2021, with a sudden rise in 2021 due to COVID-19 and certain regulations imposed by the Government of KSA that interfered with the normal functioning of the industry. Demand for facility management services was driven by commercial and real estate expansion, rising awareness among the clients regarding importance of maintenance services for sustainable buildings. The market continues to be attractive because higher competition, leading to greater scrutiny of contracts, contract renewals and customized contracts.

KSA Facility Management Market Size and Segmentations

The KSA Facility Management Market has grown from 2016 to 2021 due to the facility management companies adopting new technology to automate the various hard and soft services for faster and high-quality service delivery and less reliance of manual labour.

KSA Facility Management Market Segmentations:

• By Type of Services: At the time of the COVID-19 pandemic, the market observed a rising demand for soft services like cleaning and disinfection services
• By Hard Service: Due to the hot climatic conditions and global warming, hard services like the HVAC repair and maintenance segment have expanded at a higher rate in the country
• By Soft Services: Rise in the hospitality and construction sectors and increasing healthcare services have surged the demand for housekeeping services in the Kingdom
• By Single, Bundle and Integrated Services: Small scale companies usually opt for single and bundled services, while large scale companies opt for Integrated services due to their large scale of operations
• By Type of End-User: The commercial sector generates the highest demand both for soft and hard services. In recent years, the Government has started outsourcing the facility management services for airports, hospitals and other infrastructure projects
• By Inhouse or Outsourced Personnel: Facility management companies are more dependent on hiring outsourced personnel as per project requirement in KSA. To avail the benefits of economy of scale and flexibility in permanent workforce, service providers have higher dependence on outsource personnel

Comparative Landscape in KSA Facility Management Market

The Facility Management Market in KSA is moderately fragmented with the presence of multiple players in the industry, Al Yamama, Zahran Operations & Maintenance and Zamil Operations and Maintenance are some of the top players in the organized segment. The unorganized segment has many service providers that altogether contribute to the majority of the market share. The key competitive parameters include cost, location served, quality of service, technology adopted, value-added services and maintenance.

KSA Facility Management Market Outlook and Projections:

Facility Management market is expected to increase owing to new government policies, growing trend towards adopting sustainable practices is also expected to contribute positively to the demand for Facility management services. Rising global temperature and advanced technology will surge the demand for HVAC and other operations and maintenance services in the future. The integration of technology will lead to more quality services bring provided such as observation of the external envelope of the building and checking the damage which will be difficult to reach manually.

Key Segments Covered in the report

KSA Facility Management Market

By Type of Services

• Soft Services
• Hard Services

By Soft Services

• Housing keeping
• Security
• Landscaping
• Others

By Hard Services

• Electromechanical Services (including HVAC)
• Operations and Maintenance Services
• Fire Safety and Security Systems

By Service Type

• Integrated facility management (IFM)
• Bundled services
• Single services

By End user Sector

• Commercial (Includes Offices, retail, infrastructural)
• Residential
• Industrial

By Personal Type

• Outsourced Personnel
• In-House Personnel

Key Target Audience

• Factories
• Plants and Industries
• Hotels
• Hospitals
• Malls
• Companies and offices
• Tourism Agencies
• Government Bodies & Regulating Authorities
• Facility management companies
• Real estate companies

Time Period Captured in the Report:

• Historical Period: 2016-2021
• Forecast Period: 2021-2026F

Companies Covered:

• Al Yamama
• Aljahrary Overseas
• Zahran Operations & Maintenance
• Zamil Operations and Maintenance
• Almaja G4sl Facility Management
• Initial Saudi
• Safari
• ENOVA
• Nesma United
• Alborj Facility Managment
• Khidmaah
• Saudi Emcor (EFS)
• Musanadah Facilities Management (MFM)
• El Seif (ESOM)

Key Topics Covered in the Report

• Saudi Arabia Real Estate Market Overview, 2021
• Major Real Estate Giga Projects in Saudi Arabia
• Saudi Arabia Facility Management Market Ecosystem
• Business Cycle, Genesis and Timeline of Saudi Arabia Facility Management Market
• Value Chain & Vendor Selection Process of KSA Facility Management Market
• Business Acquisition Process in Saudi Arabia Facility Management Market
• Saudi Arabia Facility Management Market Size, 2021
• Saudi Arabia Facility Management Market Segmentation, 2021
• SWOT Analysis of Saudi Arabia Facility Management Market
• Key Growth Drivers in Facility Management Market in Saudi Arabia
• Trends and Developments in Saudi Arabia Facility Management Market
• Major Challenges Faced by the Saudi Arabia Facility Management Market
• Competition Framework for Saudi Arabia Facility Management Market
• Future Outlook and Projections of the Industry, 2021-2026F
• Market Opportunities and Analyst Recommendations