GCC Facility Management

GCC Facility Management Market Research Report: Forecast (2021-2026)

By Type (Hard, Soft, Risk, Administrative), By Service Delivery (Single Service, Bundled, Integrated), By Size (Small Enterprise, Mid-Size Enterprise, Large Enterprise), By End Users (Residential, Com Read more

  • Buildings, Construction, Metals & Mining
  • Dec 2021
  • 187
  • BM44033

Market Definition

Facility Management is a service that backs operations, safety, and sustainability of a building or a facility. There are two major types of facility management services, viz. Hard & Soft, where the former looks after the physical assets of a facility like fire management, wiring, plumbing, and electrical demands, among others, while the latter includes services like housekeeping, catering, cleaning, safety & security, etc. There is a plethora of benefits of facility management services. Have a look:

  • Space utilization
  • Energy management & maintenance
  • Improved workplace environment
  • Guidance in capital projects
  • Lease accounting, etc.
Report Coverage Details
Study Period Historical Data: 2017-20
Base Year: 2021
Forecast Period: 2022-27
CAGR (2021-2026) 8.2%
Country Covered Saudi Arabia, Qatar, UAE, Kuwait, Oman, Bahrain
Key Companies Profiled 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
Unit Denominations USD Million/Billion

 

Market Insights

The GCC Facility Management Market is projected to grow at a CAGR of around 8.20% during the forecast period, i.e., 2021-26. The market is driven primarily by the burgeoning focus of governments of GCC countries on infrastructural developments and the rapidly increasing number of construction activities owing to the booming travel & tourism across the region. In addition, with the increasing establishment of multinational corporations, especially across Saudi Arabia, the government is also actively supporting the education and real estate sector in line with Vision 2030, thereby driving the facility management market through 2026.

For instance, Middle East Facility Management Association (MEFMA) & Qatar Green Building Council (QGBC) established a Facility Management Interest Group to share best facility management practices among various service providers.

Besides, countries like Qatar are extensively promoting the construction activities to host the FIFA Cup 2022, thereby upgrading its infrastructure and fueling the demand for facility management services. More, countries in the GCC region are also focusing on adopting green building practices to reduce carbon emission and bring better energy efficiency to the facility & drive the market.

Furthermore, with the rapid technological advancements like Artificial Intelligence (AI) & the Internet of Things (IoT) in facility management, the demand for these services is further soaring across organizations for better building management & operational efficiency. Hence, the GCC facility Management Market is projected to witness lucrative growth opportunities in the coming years.

Impact of Covid-19 on the GCC Facility Management Market

The Covid-19 pandemic in 2020 had a decelerating effect on most industries across the GCC region, and the Facility Management Market was no exception. During the initial phase of the pandemic, the government of member countries imposed stringent movement restrictions & lockdowns to curb the virus spread. As a result, most companies had to shut and adopt the work-from-home trend.

With this, the demand for facility management services fell substantially, and the market observed massive losses amidst the crisis. However, when the Covid-19 cases were hiking, the government took immense help from the facility management service providers to facilitate the underlying services across containment zones, which helped the market sustain.

Later, with the gradually reducing cases, countries in the region began uplifting the lockdown and allowed the resumption of business operations, which fueled the requirement for facility management, as concerns associated with hygiene, safety, & cleanliness were mounting.

Needless to say, this opened up remunerative growth opportunities for the leading players in the market. Furthermore, the same trend is projected to prevail in the coming years owing to the growing prominence to integrate new work environment & sufficing employee needs at a facility

 

  1. Introduction
    1. Product Definition
    2. Research Process
    3. Assumptions
    4. Market Segmentation
  2. Preface
  3. Executive Summary
  4. Impact of COVID-19 on GCC Facility Management Market
  5. Expert Verbatim- What our Experts Say?
  6. GCC Facility Management Market Outlook (2016-2026)
    1. Industry Potential & Outlook
      1. By Revenues
    2. Industry Segmentation & Outlook
      1. By Type
        1. Hard
        2. Soft
        3. Risk
        4. Administrative
      2. By Operating Model
        1. In-House
        2. Outsourced
      3. By Service Delivery
        1. Integrated
        2. Bundled
        3. Single Services
      4. By End Users
        1. Commercial
        2. Residential
        3. Government
        4. Retail
        5. Education
        6. Healthcare
        7. Hospitality
        8. Others
      5. By Enterprise Size
        1. Large
        2. Mid-Size
        3. Small
      6. By Region
        1. UAE
        2. Saudi-Arabia
        3. Qatar
        4. Oman
        5. Bahrain
        6. Kuwait
      7. By Company
        1. Revenue Shares
        2. Strategic Factorial Indexing
        3. Competitor Placement in MarkNtel Quadrant
  7. UAE Facility Management Market Outlook (2016- 2026)
    1. Industry Potential & Outlook
      1. By Revenues
    2. Industry Segmentation & Outlook
      1. By Type
      2. By Operating Model
      3. By Service Delivery
      4. By End Users
      5. By Enterprise Size
  8. Saudi Arabia Facility Management Market Outlook (2016-2026)
    1. Industry Potential & Outlook
      1. By Revenues
    2. Industry Segmentation & Outlook
      1. By Type
      2. By Operating Model
      3. By Service Delivery
      4. By End Users
      5. By Enterprise Size
  9. Qatar Facility Management Market Outlook (2016-2026)
    1. Industry Potential & Outlook
      1. By Revenues
    2. Industry Segmentation & Outlook
      1. By Type
      2. By Operating Model
      3. By Service Delivery
      4. By End Users
      5. By Enterprise Size
  10. Oman Facility Management Market Outlook (2016-2026)
    1. Industry Potential & Outlook
      1. By Revenues
    2. Industry Segmentation & Outlook
      1. By Type
      2. By Operating Model
      3. By Service Delivery
      4. By End Users
      5. By Enterprise Size
  11. Bahrain Facility Management Market Outlook (2016-2026)
    1. Industry Potential & Outlook
      1. By Revenues
    2. Industry Segmentation & Outlook
      1. By Type
      2. By Operating Model
      3. By Service Delivery
      4. By End Users
      5. By Enterprise Size
  12. Kuwait Facility Management Market Outlook (2016-2026)
    1. Industry Potential & Outlook
      1. By Revenues
    2. Industry Segmentation & Outlook
      1. By Type
      2. By Operating Model
      3. By Service Delivery
      4. By End Users
      5. By Enterprise Size
  13. GCC Facility Management Market Regulations
  14. GCC Facility Management Market Trends & Developments
  15. GCC Facility Management Market Dynamics
    1. Impact Analysis
    2. Drivers
    3. Challenges
  16. GCC Facility Management Market Attractiveness Index, 2019- 2025
    1. By Type
    2. By Operating Model
    3. By Service Delivery
    4. By End Users
    5. By Enterprise Size
  17. GCC Facility Management Market Hotspot & Opportunities
  18. GCC Facility Management Market Key Strategic Imperatives for Success and Growth
  19. Competitive Outlook
    1. Competition Matrix
      1. Target Markets
      2. Research & Development
      3. Collaborations & Strategic Alliances
      4. Key Business Expansion Initiatives
      5. Business Restructuring- Mergers, Acquisition, JVs
      6. Strategic Initiatives
    2. Company Profiles (Business Description, Product Segment, Business Segment, Financials, Strategic Alliances or Partnerships, Future Plans)
      1. EMCOR Group Inc
      2. Emrill Services LLC
      3. United Facilities Management
      4. Khidmah LLC
      5. Kharafi National, Interserve plc
      6. Cofely Besix Facility Management,
      7. Imdaad LLC,
      8. Musanadah Facilities Management Co. Ltd.
      9. Farnek Services LLC
  20. Disclaimer
GCC Facility Management Market Segmentation
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