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The Qatar National Tourism Sector Strategy 2030 (QNTSS) aims to increase the number of tourist arrivals to 5.6 million by 2030. The plan to boost the tourism sector is anticipated to increase the demand for hotels in the country. Hence, it can lead to numerous growth opportunities for facility management companies to provide their services.
According to the MarkNtel Advisors’ research report titled “Qatar Facility Management Services Market Analysis, 2020”, the facility management market is estimated to grow at a CAGR of around 8% during 2020-25. Administrative services are one of the vital services for any organization. Administrative services include mail management, front office management, space planning & management, etc., which would be required in events such as FIFA World Cup 2022. Therefore, the gradually increasing demand for administrative services is projected to positively contribute to the growth of the Qatar Facility Management market.
Moreover, hard facility management services acquired the highest market share in the Qatar Facility Management market in 2019. The extreme climatic conditions in the country result in further boosting the requirement for facility management services for HVAC systems. Therefore, it is anticipated to strongly contribute to the overall growth of Qatar Facility Management market.
The key players with a considerable market share in the Qatar Facility Management Industry include Cofely Besix Mannai Facility Management, Mosanada Facility Management Services, Al Asmakh Facilities Management WLL, COMO Facilities Management Services, etc. The companies are securing several contracts to provide their services for a fixed time period.
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 Qatar facility management market during 2020-25?
A. The market size of Qatar facility management market during 2020-25 is forecast to be around 8%.
Q. Which type of facility management services would grab the highest market share during 2020-25?
A. It is forecast that hard facility management services will dominate the market with majority market share, with market size registering considerably higher CAGR.
Q. Who are the key competitors or players operating in Qatar facility management market?
A. Cofely Besix Mannai Facility Management, Mosanada Facility Management Services, Al Asmakh Facilities Management WLL, COMO Facilities Management Services are few of the leading players in the Qatar facility management 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.
Q. Which end user segment would emerge as an opportunity area for players in facility management?
A. Commercial and residential segments will continue to grow at a highest CAGR, presenting immense opportunities for manufacturers and suppliers of the Facility management of Qatar.
