The retail industry in UAE is gradually growing on an account of the upcoming Dubai Expo 2020. The event is resulting in an introduction of new retail spaces in the country. The introduction of new retail construction projects is transforming into an increased leasable area for FM service providers. Hence, an expansion in the retail space is projected to strongly contribute to the growth of the UAE Outsourced Facility Management market.
According to the MarkNtel Advisors’ research report titled “UAE Outsourced Facility Management Services Market Analysis, 2020”, the Outsourced Facility Management market is estimated to register a CAGR of around 11% during 2020-25. The country’s plan to diversify its economy from oil & gas sector is leading to a promotion of foreign investments in the UAE’s construction sector. In 2018, the number of greenfield investments in the UAE increased to 378 from 330 in 2017. Therefore, the increased number of investments in the country is leading to considerable growth opportunities for facility management companies.
The end users of facility management services include corporates, hospitality, retail, government, etc. In 2019, the corporate sector acquired the highest market share in the overall Outsourced Facility Management market of the UAE due to the constant influx of domestic and foreign investments.
In 2018, around 44 corporate construction projects were introduced in the city of Dubai, Abu Dhabi, and Al Ain. In addition, the hospitality sector is growing in the country with a rising number of tourists and a robust pipeline of hotel construction projects. Therefore, the upcoming projects are expected to surge the growth of Outsourced Facility Management market in the UAE.
The key players with a considerable market share in the UAE Outsourced Facility Management market include EMRILL Services LLC, Imdaad L.L.C, Farnek Services LLC, EFS Facilities Management Services, Khidmah LLC, etc. The companies in the UAE are expanding their service offerings by collaborating and acquiring other firms thereby gaining a competitive edge in the industry.
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 UAE Outsourced Facility Management market during 2020-25?
A. The market size of UAE Outsourced Facility Management market during 2020-25 is forecast to be 11%.
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 UAE Outsourced Facility Management market?
A. EMRILL Services LLC, Imdaad L.L.C, Farnek Services LLC, EFS Facilities Management Services, Khidmah LLC are few of the leading players in the UAE Outsourced Facility Management market.
Q. Does the report scope cover facility management type-wise market statistics also?
A. Yes, the scope of the report encompasses 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. The commercial sector would continue to grow at the highest CAGR, presenting immense opportunities for manufacturers and suppliers of facility management across UAE.
