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 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

 

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

Market Segmentation

Based on the Operating Model:

  • In-House
  • Outsourced

Of them both, the demand for Outsourced facility management is anticipated to demonstrate significant growth in the coming years since it is attracting a growing number of merchants with new service offerings. In addition, facility management accounts for a substantial amount of the company's expenditure. Hence, outsourcing these services to certified their-party vendors optimizes the overall cost for the company, thereby positively impacting the company's income.

Besides, with the growing influx of technological advancements focusing on building automation, the demand for outsourced facility management is likely to rise. Across countries like Qatar, prominent outsource facility management service providers are helping end-users in reducing energy costs & carbon emissions.

Based on the Type:

  • Hard
  • Soft
  • Risk
  • Administrative

Of them all, Hard Services held the largest market share in recent years. The growing demand for hard facility management is mainly to ensure that the facility isn’t compromised. These services look after the physical aspects of a facility and are nearly always required by law for safety, health, & hygiene concerns. Moreover, with the growing establishment of multinational companies & increasing construction activities across the region, the demand for hard facility management services is soaring & fueling the overall market growth.

Country Landscape

Based on the country, the GCC Facility Management Market expands across:

  • UAE
  • Saudi-Arabia
  • Qatar
  • Oman
  • Bahrain
  • Kuwait

Of them all, Qatar is anticipated to observe a significant market growth in the coming years and is among the leading markets for facility management across the entire GCC region. It owes principally to the massive government support toward robust infrastructural developments and a prime inclination toward adopting green buildings to promote better energy utilization & conservation.

In addition, owing to the swiftly changing lifestyles & increasing demand for facility management services, Qatar is categorized as a market with high customer awareness, which soars the need for outsourced facility management services. Besides, the country is one of the highest spenders on construction activities & has been keeping a trajectory of growth & continuation in the construction sector, which is a crucial aspect expected to drive the Facility Management Market in Qatar over the forecast years.

The Qatar Green Building Council (QGBC) encourages sustainable business practices to enhance the organizational capability for more sustainability & strategically optimize the environmental, social, & financial factors.

Recent Developments by Leading Companies

  • In March 2020, foundation stones of the sixth building in the Knowledge Oasis Muscat (KOM) & a facility in Al Rusayl Industrial City were laid out in Oman for Madayn to deliver advanced services & facilities and attract local & international investments into the country.
  • In February 2020, market leader Emril introduced in-house high-level cleaning services for the windows & building appearance. The company plans to collaborate with other service providers to attain rope access cleaning in the tallest towers.

Market Dynamics:

Key Drivers

Rising Construction Activities in GCC to Drive the Market

Owing to the swiftly rising tourism & economic conditions across GCC countries, the number of construction projects is rising substantially as a part of several strategic visions to diversify the economy across non-oil industries. Hence, the member countries are investing heavily in the construction sector & boosting the facility management market. 

Sustainable Development & Green Building Projects to Hike the Market Growth 

The GCC member countries are actively putting efforts in reducing energy consumption and promoting the adoption of green building projects, thereby soaring the demand for environment-friendly buildings & constructions for a sustainable approach and ensuring minimal environmental degradation. Benefits of green buildings comprise greater use of natural light, efficient Heating, Ventilating, and Air Conditioning (HVAC) systems, and others.

Growth Restraints

Increasing Cases of Cyberattacks & Data Breaches Might Restrain the Market Growth

The growing concerns associated with the safety of data, networks, and devices owing to the rising cases of cybercrimes might hinder the market growth. Moreover, the unavailability of skilled professionals to provide hassle-free & optimized facility management services is another aspect that could limit the market growth in the coming years.

Competitive Landscape

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.

Key Questions Answered in the Market Research Report:

  1. What are the overall statistics or estimates (Overview, Size- By Value, Forecast Numbers, Segmentation, Shares) of the GCC Facility Management Market?
  2. What are the country-wise industry size, growth drivers, and challenges?
  3. What are the key innovations, opportunities, current & future trends, and regulations in the GCC Facility Management Market?
  4. Who are the key competitors, their key strengths & weaknesses, and how do they perform in the GCC Facility Management Market based on the competitive benchmarking matrix?
  5. What are the key results derived from surveys conducted during the GCC Facility Management Market study?

Market Outlook, Segmentation and Statistics 

  • Impact of COVID-19 on GCC Facility Management Market
  • Industry Potential & Outlook
    • By Revenues
  • Industry Segmentation & Outlook
    • By Type
      • Hard
      • Soft
      • Risk
      • Administrative
  • By Operating Model
    • In-House
    • Outsourced
  • By Service Delivery
    • Integrated
    • Bundled
    • Single Services
  • By End Users
    • Commercial
    • Residential
    • Government
    • Retail
    • Education
    • Healthcare
    • Hospitality
    • Others
  • By Enterprise Size
    • Large
    • Mid-Size
    • Small
  • By Country
    • Saudi Arabia
    • Qatar
    • UAE
    • Kuwait
    • Oman
    • Bahrain
  • By Company
    • Revenue Shares
    • Strategic Factorial Indexing
    • Competitor Placement in MarkNtel Quadrant
  • GCC Facility Management Market Regulations
  • GCC Facility Management Services Market, Customer Buying Behaviour 
  • GCC Facility Management Market Winning Strategies
    • Investment Scenario
    • Hotspots
  • GCC Facility Management Market Porter’s Five Forces Analysis
  • GCC Facility Management Market Pricing Analysis
  • Competition Outlook
    • Competitor Wise Growth Strategies
    • Company Profiles

Frequently Asked Questions

A. The GCC Facility Management Market is projected to grow at a CAGR of around 8.20% during 2021-26.

A. Outsourced services are likely to bring lucrative growth opportunities to the leading players in the GCC Facility Management Market during 2021-26.

A. The rapidly growing tourism & construction sector, entwined with the growing focus on adopting sustainable practices, is projected to soar the demand for facility management services and act as a prominent factor in promoting the economic growth of member countries and driving the market in the coming years.

A. With the mounting prevalence of health concerns & the increasing inclination toward hygiene & sanitization, the demand for facility management services at organizations for a safer work environment is anticipated to boost post-pandemic and fuel the overall market growth.

  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