According to the MarkNtel Advisors' research report, "UAE Facility Management Market Analysis, 2021," the market is likely to grow at a CAGR of 9% during 2021-26. The growing efforts by the UAE government to diversify its economy from conventional oil export to service sector-driven economy have actively contributed to the growth of the UAE Facility Management Market.
Besides, the snowballing tourism industry in the country shall also boost the hospitality sector owing to the soaring demand for new hotels, which would require various facility management services, thereby positively influencing the growth of the Facility Management Market in the UAE.
Key questions answered in the study
Outsourcing Segment Exhibits Fastest Growth
Within Operating Model Segmentation, the market bifurcates into In-House, Outsourced. Among these, the Outsourced facility management services are likely to exhibit the fastest market growth rate in the UAE over the forecast period due to the surging number of competitors offering diversified services.
Further, the diminishing service quality of In-house facility management and improper management have also contributed to the declining market share of in-house facility management. Moreover, the outsourced facility management model is utilized majorly in large enterprises. On the other front, medium & small enterprises exhibit a low market share of outsourced facility management than in-house facility management.
"UAE 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 region.
Moreover, the report also encompasses the key strategic imperatives for competitors' success and strategic factorial indexing to measure their capabilities on 16 parameters, which will help companies formulate 'Go to Market' strategies and identify the blue ocean for their offerings.
Abu Dhabi & Al Ain Exhibits Fastest Growth
Abu Dhabi & Al Ain is likely to register the fastest growth in the UAE Facility Management market during 2021-26 due to the growing tourism industry and surging tourist inflow in the region. Further, the increasing number of corporate offices for better asset management also leads to the surging demand for facility management services. Therefore, Abu Dhabi & Al Ain is likely to contribute to the growth of the UAE Facility Management Market in the forecast period, says MarkNtel Advisors in their research report, "UAE Facility Management Market Analysis, 2021."
According to MarkNtel Advisors, the major leading players in the UAE Facility Management Market are EMRILL Services LLC, Imdaad L.L.C., Farnek Services LLC, EFS Facilities Management Services, COFELY BESIX Facility Management, Khidmah LLC, Al Shirawi Facilities Management LLC, Interserve, Etisalat Facilities Management LLC, and Enova Facility Management Services LLC.