The rising construction projects in the country are one of the major drivers for the growth of the Ivory Coast Facility Management market. The growing focus of the government toward social development and political stability is positively impacting the rate of foreign and domestic investments in the country. Therefore, it is anticipated to strongly contribute to the boosting demand for facility management services in the country.
According to the MarkNtel Advisors’ research report titled “Ivory Coast Facility Management Market Analysis, 2020”, the Facility Management market is estimated to grow at a CAGR of around 13% during 2020-25. After the elimination of economic sanctions by the US and European Union, the country experienced growth in the number of foreign investments. In 2018, Ivory Coast announced its plan for infrastructure development over the next five years, which includes earmarking USD 7.07 billion for the said plan.
The in-house facility management services captured the highest market share in the Ivory Coast facility Management market in 2019. The maximum market share is attributed to budget constraints for outsourced services. Therefore, creating awareness about the benefits of outsourced services would increase the penetration of mail management, disaster management, pest control, waste management, cleaning services, etc. Moreover, the lack of skilled professionals poses a challenge to the Facility Management market.
The key players with a considerable market share in the Ivory Coast Facility Management market include Atalian Cote d’ivoire, Tsebo, G4S PLC, Broll Properties, GLS Catering, etc. The Facility Management market is dominated by international players which majorly include European, Pan African, and Middle Eastern players.
The key strategy adopted by the companies to grow its business includes mergers and acquisitions with firms to expand their footprints. The merger of Tsebo with Allterrain Services in 2015 to obtain its expertise in remote camp management for African mining provided an opportunity for the company to expand its services to 60 mines in Africa.
Key Questions Answered in the Market Research Report
Market Outlook, Segmentation and Statistics
Frequently Asked Questions
Q. What would be the growth rate or CAGR of Ivory Coast Facility Management Market during 2020-25?
A. The market size of Ivory Coast Facility Management Market during 2020-25 is forecast to be around 13%.
Q. Which type of facility management services would grab the highest market share during 2020-25?
A. It is forecast that Soft facility management services will dominate the market with majority market share, with market size registering considerably higher CAGR.
Q. Which type of operating model of facility management services would grab the highest market share during 2020-25?
A. The in-house facility management services captured the highest market share in the Ivory Coast facility management market.
Q. Who are the key competitors or players operating in Ivory Coast Facility Management Market market?
A. Atalian Cote d’ivoire, Tsebo, G4S PLC, Broll Properties, GLS Catering and few others are leading players in the Ivory Coast Facility Management Market market.
Q. Does the report scope cover facility management type wise market statistics also?
A. Yes, the scope of the report encompass detailed facility management type wise statistics such as market size, market segmentation based on various subcategories.
