Saudi Arabia has one of the largest facility management market in the GCC region. The increasing investment by government on infrastructural development, introduction of various construction project and rapid urbanisation are the factors expected to propel the demand for facility management. Besides this, booming tourism sectors, emergence of various hotel chain in the country along with burgeoning demand for integrated FM and rise in the number of FM companies are soaring the growth of Saudi Arabia Facility Management market over the forecasted period.
According to MarkNtel Advisors’ research report “Saudi Arabia Facility Management Market Analysis, 2021”, the Saudi Arabia Facility Management market is anticipated to grow at a CAGR of around 15% during 2021-26. Based on Operating Model, Outsourced segment is witnessing significant market growth in 2020. The rise in the demand for outsourced hard service has been witnessed among healthcare, biotech, and banking services. Along with increasing inclination towards energy management services and increasing demand for operation and maintenance services in the building are bolstering the market share of outsourced segment.
“Saudi Arabia Facility Management Market Analysis, 2021” provides comprehensive qualitative and quantitative insights on the industry potential, key factors impacting sales and purchase decisions, hotspots, and opportunities available for Facility Management providers across the region. 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.
Residential and Commercial Sector Acquired the Significant Market Share
Based on End-User, Residential and commercial sector acquired the considerable market share in the Saudi Arabia Facility Management in 2020. The launch of various housing project in the country, growing urbanisation, burgeoning spending on commercial infrastructure development and considerable surging number of construction activities are anticipated to fuel the demand for facility management in the near future. Besides these, snowballing adoption of these services for managing large facilities, such as malls, shopping complexes, and theatre are strongly contributing towards the market growth of the Facility Management in the forthcoming period as revealed by the MarkNtel Advisors’ research report “Saudi Arabia Facility Management Market Analysis, 2021”.
According to MarkNtel Advisors’, the key players with a considerable market share in the Saudi Arabia include ENGIE Solutions, Khidmah LLC, Interserve Plc, Enova Facility Management Services LLC, Rezayat Group, Musanadah Facilities Management Co. Ltd., Nesma Trading Co. Ltd., Al Borj International, Petrojana, Al Hajry Overseas Co. Ltd. etc.
Key questions answered in the study: