Kuwait Facility Management Market Outlook to 2026F - Driven by Rising End-Users Awareness, Improving Technology and Government'S Strong Initiatives Regarding Infrastructure

The report titled “Kuwait Facility Management Market Outlook to 2026F- Driven by Rising End-Users Awareness, Improving Technology and Government’s Strong Initiatives regarding Infrastructure” provides a comprehensive analysis of the Facility management market in Kuwait. 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 Kuwait. The report concludes with future market projections of each service segmentation and Analyst recommendations to win the Facility Management Market in Kuwait.

Kuwait Facility Management Market Overview:

Kuwait Facility Management Market has experienced an irregular growth rate over the period 2018-2021, with a sudden decline in 2020 due to COVID-19 and certain regulations imposed by the Government of Kuwait that interfered in the normal functioning of the industry. The Kuwait Facility Management Market experienced growth in 2021 due to increase in demand for the services by commercial sector. Factors such as cost effectiveness, Technological advancement and Increased Public Spending on infrastructure and Sustainability driving the overall Facility Management Market in Kuwait.

Kuwait Facility Management Market Size and Segmentations:

The Kuwait Facility Management Market has grown from 2018 to 2021 due to the Increase in outsourcing and Increased business opportunities. There was a downfall due to COVID-19 as this disturbed the normal functioning of the facility management services.

Kuwait Facility Management Market Segmentations:

• By Type of Service: CAFM & CMMS usage & penetration is very minimal - mainly to issue work orders. That explains lesser revenue share of Hard Services
• By Hard Service: 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
• By Soft Service: Security services are the largest contributors to the industry, followed by housekeeping
• By Integrated Facility Services, Bundled Services and Single Services: An increase in the outsourcing of services has spiked the demand for Integrated services, as it not only cost efficient, but also provides for better accountability. 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 End User: 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
• By Personnel: The share of outsourced personnel is constantly increasing as vendors are adopting an asset light business model that will enable them to expand faster while taking advantage of the local expertise

Comparative Landscape of Kuwait Facility Management Market:

Kuwait Facility Management Market is fragmented and has few major players that have adopted various growth strategies, such as mergers and acquisitions, new product launches, expansions, joint ventures, partnerships, and others, to strengthen their position in this market. The key competitive parameters Cost, Location Served, Quality of Service, Maintenance, Technology Adopted, Value Added Services and Sustainability.

Kuwait Facility Management Market Outlook and Projections:

Kuwait Facility Management market is expected to increase owing to new government policies, new infrastructure developments. The market is expected to grow owing to the advanced technology assisted service delivery and demand for the services by commercial sector.

Key Segments Covered in the report

Kuwait Facility Management Market

By Type of Service

• Soft Service
• Hard Service

By Hard Service

• Electromechanical Services
• Operations and Maintenance Services
• Fire Safety and Security Systems

By Soft Service

• Housekeeping
• Security
• Landscaping

Others
By Integrated Facility Services, Bundled Services and Single Services
Bundled services
Single services
Integrated facility management (IFM)

By End User

• Commercial
• Industrial
• Residential

By Personnel

• In-House Personnel
• Outsourced 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:

• Kharafi National
• United Facility Management
• EFS Facility Management Services
• Fawaz Group
• O&G Engineering W.L.L
• EcovertFM Kuwait
• Al Mazaya Holding Company
• Al-Awsat United Real Estate Co
• ONE FM
• PIMCO
• Gulf Engineering Company K.S.C.C

Key Topics Covered in the Report

• Executive Summary: Kuwait Facility Management Market, 2016-2026F
• Kuwait Facility Management Market Size by Revenue, 2016-2026F
• Kuwait Population Analysis, 2021
• Kuwait Demographic Analysis, 2021
• Kuwait Oil and Non-Oil Quarterly Real GDP growth,2017-2020
• Business Cycle and Genesis of Kuwait Facility Management
• Business Acquisition Process in Kuwait Facility Management Market
• Supply Side Ecosystem
• Kuwait Real Estate Market Overview, 2021
• Kuwait Rental Market Overview, 2021
• Kuwait Housing Loan Market, 2021
• Kuwait Hospitality Market Overview, 2021
• Kuwait Retail Market Overview, 2021
• Supply Side Ecosystem - Maintenance (Hard FM)
• Supply Side Ecosystem - Cleaning and Security
• Supply Side Ecosystem - Waste Management
• Supply Side Ecosystem - Integrated FM
• Kuwait Facility Management Market Segmentation
• SWOT Analysis of Kuwait Facility Management Market
• Key Growth Drivers in Facility Management Market in Kuwait
• Trends and Developments in Kuwait Facility Management Market
• Kuwait Facility Management Market Major Technological Trends, 2021
• Regulatory Landscape of Kuwait Facility Management Market
• Types of Contracts in Kuwait Facility Management Market
• Competition Scenario in Kuwait Facility Management Market
• Cross Comparison of Major Projects in Kuwait Facility Management Market
• Market Sizing Analysis of Kuwait Facility Management Market, 2021-2026F
• Best Practices for Improving Facility Services
• Operational Strategies for Facility Management Market in Kuwait
• Growth Strategies of Kuwait Facility Management Market