The GCC Facility Management Market is expected to grow at a CGAR of 8.2% during 2021-26. The growth of the market is attributed to mounting government expenditure for the development of the infrastructure sectors such as the introduction of transportation construction projects in UAE, Qatar and Saudi Arabia and snowballing investment toward a smart city. Moreover, the rising adoption of advanced technologies such as IoT and AI helps in enhancing the efficiency of facility management services and solutions, thereby, propelling the growth of the market. Additionally, a burgeoning government initiative to support the growth of the travel and tourism industry positively affects the demand for facility management services in the GCC region.
Key questions answered in the study
In-House Segment Grabbed Highest Market Share
According to the MarkNtel Advisors’ research report, “GCC Facility Management Market Analysis, 2021”. the GCC facility management market is anticipated to grow at a CAGR of around 8.2% during 2021-26. Based on Operating Model, the GCC facility management market is bifurcated into the in-house and outsourced segment. The in-house segment holds the largest share in the market owing to the high profit margin and high acceptance rate as compared to outsourced service. On the other hand, the demand for outsourced facility management is also projected to grow due to increasing demand for enhanced quality services by the customers and rising competition.
“GCC Facility Management Market Analysis, 2021” provides comprehensive qualitative and quantitative insights on the market potential, key factors impacting the market growth, hotspots and opportunities available for facility management providers across the GCC. Moreover, the report also encompasses the key strategic imperatives for success for competitors along with strategic factorial indexing measuring competitor's capabilities on 16 parameters. This will help companies in the formulation of Go to Market Strategies and identifying the blue ocean for its offerings.
UAE Exhibits Fastest Growth
UAE is projected to grow at an exponential rate in the GCC Facility Management Market over the forecast period during 2021-26 due to an increase in infrastructural construction activities, the introduction of new projects and upsurge in foreign direct investment. Moreover, a boost in the tourism sector due to the presence of various sightseeing location and the host of EXPO 2021 in the country leads to an increase in the presence of international hotel chain, thus requiring the need for maintenance of hotels. Thereby, this is projected to contribute to the growth of the GCC Facility Management Market in the forecast period as revealed by MarkNtel Advisors’ research report “GCC Facility Management Market Analysis, 2021”.
According to MarkNtel Advisors, 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.