Market Definition
Facility management is a pool of extensive services offered by different management & maintenance support providers to an organization/facility. This includes managing the maintenance, repair, and upkeep of buildings, equipment, and other physical assets, as well as ensuring that the facilities meet the needs of the organization's employees, clients, and customers. With the rising establishment of various industries and residential & commercial buildings across Qatar, the demand for these services is elevating at a significant pace.
Market Insights
The Qatar Facility Management Market is projected to grow at a CAGR of around 8.0% during the forecast period, i.e., 2023-28. Most of the market expansion will be driven by the government's focus on infrastructural development, aiming to diversify the economy away from oil and gas exports. Ongoing and upcoming construction projects across the country are augmenting the demand for facility management services, mainly in the corporate, commercial, and tourism sectors.
Qatar is hosting diverse events, including the FIFA World Cup 2022, which has fueled the demand for facility management services and brought remarkable advancements to the country's overall infrastructure. The adoption of green building practices is also contributing to the overall growth of the industry. MEFMA and QGBC have established a Facility Management Interest Group to share best practices among various service providers.
| Report Coverage | Details |
|---|---|
| Study Period | Historical Data: 2018-21 |
| Base Year: 2022 | |
| Forecast Period: 2023-28 | |
| CAGR (2023-2028) | 8% |
| Region Covered | Al Rayyan, Al Khor, Ad Dawhah, Al Wakrah, Others |
| Key Companies Profiled | Emcor Facilities Services WLL, Al Faisal Holdings (MMG Qatar), Sodexo Qatar Services, Al-Asmakh Facilities Management, G4S QATAR SPC, Facilities Management & Maintenance Company LLC, Engie Cofely Mannai Facility Management, Como Facility Management Services, Amenity Facility Management & Services WLL, EFS Facilities Services, Mosanada Facilities Management Services, Elegancia Group, Al Tamyoz Business Group |
| Unit Denominations | USD Million/Billion |
COVID-19 impacted Qatar's Facility Management Industry due to movement restrictions and lockdowns, resulting in a decline in demand. However, government efforts to contain the virus and maintain sanitation levels enabled FM service providers to sustain the pandemic. Increased concerns over hygiene and safety led to a swift escalation in demand for facility management services even after restrictions were lifted, creating new opportunities for lucrative prospects in commercial and corporate sectors.
Market Dynamics
Key Driver: Government Focus On Infrastructure Development Paired with Growing Commercial and Corporate Sectors
The government's increasing focus on infrastructure development has resulted in various ongoing and upcoming construction projects across the country, which is augmenting the demand for facility management services. In addition, the rising establishment of corporate facilities, commercial spaces, and other facilities is also contributing to the growth of the industry in Qatar. Furthermore, the construction of smart cities and other residential projects is generating opportunities for the leading players in the FM industry to expand their service offerings and cater to consumer hospitality.
Growth Opportunity: Increased Green Building Developments to Reduce Energy Consumption
QGBC (Qatar Green Building Council) has been actively promoting sustainable practices in the country, owing to which more & more certified green buildings are being constructed. GSAS (Global Sustainability Assessment System), one of the most comprehensive green building assessment systems developed after a thorough analysis of all 40 green building codes available globally, focuses on sustainable development & environmental stress mitigation in Qatar.
Hence, sustainable energy management services, including reduced water consumption & carbon emissions and compliance with legislation & energy consumption metrics, are emerging as a mega-profit generating opportunity for the companies operating in the Qatar Facility Management Market.
Key Trend: Proliferating Tourism Industry Across the Country
The tourism sector in Qatar has been growing rapidly in recent years, which is having a significant influence on the market. With its impressive modern architecture, luxurious hotels, and vibrant cultural scene, Qatar is quickly becoming a top destination for tourists from all over the world. As more and more people flock to the country for business, leisure, or both, the demand for goods and services in the market is increasing. The hospitality industry, in particular, has been booming, with new hotels and resorts opening up regularly to accommodate the influx of visitors. The development of facilities like airports, hotels, shopping complexes, and other such facilities is triggering the demand for facility management services throughout Qatar and stimulating the overall market growth.
Market Segmentation
Based on Type:
Of them all, Hard services acquired the largest share of the Qatar Facility Management Market in the previous years, and the same trend is likely during 2023-28. It attributes to the mounting need to ensure the facility isn’t compromised and all the physical aspects of a facility are taken care of and are in top conditions.
Besides, increasing user awareness about the availability of these services, entwined with the benefits of heard facility management services, is also stimulating their demand. Moreover, the burgeoning establishment of multinational companies & start-ups is also accelerating the demand for hard facility management services & directly influencing the market growth.
Based on Operating Model:
Here, the outsourced operating model is anticipated to witness substantial demand and significantly contribute to the market growth in the coming years. It owes principally to the presence of numerous service providers offering diverse services & features in their portfolio, thereby attracting a substantial consumer base, in this competitive view of the market across Qatar.
In addition, since facility management takes upon a substantial amount of a company's expenditure, outsourcing services to certified third-party vendors is more likely to optimize the overall cost of facility management for the organization. Hence, the demand for this operating model is soaring across the country.
Recent Developments in the Market
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Frequently Asked Questions
A. The Qatar Facility Management Market is projected to grow at a CAGR of around 8.0% during 2023-28.
A. Government focus on infrastructure development paired with growing commercial and corporate sectors is likely to drive the market further during the projected time frame.
A. The prominent players anticipated to stiffen the competition are Emcor Facilities Services WLL, Al Faisal Holdings (MMG Qatar), Sodexo Qatar Services, Al-Asmakh Facilities Management, G4S QATAR SPC, Facilities Management & Maintenance Company LLC, Engie Cofely Mannai Facility Management, Como Facility Management Services, Amenity Facility Management & Services WLL, EFS Facilities Services, Mosanada Facilities Management Services, Elegancia Group, Al Tamyoz Business Group.
A. Hard Services segment is anticipated to emerge as an area of remunerative opportunities for the leading players in the Qatar Facility Management Market during the forecast period.
A. Proliferating tourism industry across the country is the significant trend projected to shape the Qatar Facility Management Market through 2028.
A. Increased green building developments to reduce energy consumption is expected to present remunerative opportunities for the leading players in the Qatar Facility Management Market during the forecast period.
