GCC Facility Management Market Research Report: Forecast (2021-2026)
GCC Facility Management Market Research Report: Forecast (2021-2026)
Abstract
Market Overview
Facility Management is a process of managing a physical workplace. It provides services such as equipment maintenance, space planning, and portfolio forecasting, and maintenance support to various end-users such as offices, schools, hospitals, the residential sector etc.
According to the MarkNtel Advisors’ research report, “GCC Facility Management Market Analysis, 2021”, the market is expected to grow at a CAGR of around 8.2% during 2021-26. The growth of the GCC Facility Management Market is attributed to increasing demand for facility management services in commercial as well as residential buildings and a rise in the number of constructional activities and industrial projects. Besides these, the execution of various development programs by the government of GCC countries such as Qatar National Vision 2030, Saudi Vision 2030 and Kuwait National Development Plan for the infrastructural development of the country, propels the growth of the market.
Impact of COVID-19
Due to the outbreak of the COVID-19 pandemic, large facility management vendors are coming up with plans to focus on the continuity of business. But, delivery of routine service is the biggest challenge for the suppliers. With the commencement of COVID-19, the need for frequent cleaning services has increased at a robust rate during the pandemic. Whereas suppliers are finding it tough to provide regular facility management services to the end-users. Thereby, creating a gap between demand and supply of the market.
Market Segmentation
Hard services accounted for the Largest Market Share
Based on Type, the market is segmented into Hard, Soft, Risk and Administrative categories. Among these, Hard services acquired the largest share of the GCC facility management market in 2019 owing to the increasing adoption of advanced hard services by the organizations to manage their workplace and increasing customer inclination towards professional services. Additionally, the rise in inflow of foreign direct investments for the development of real estate sectors leads to an increase in the need for hard facility management services. Thus, this is proliferating the demand for hard facility management services in the forecast period as revealed by the MarkNtel Advisors’ research report “GCC Facility Management Market Analysis, 2021”.
Commercial Segment Grabbed the Highest Share
Based on End-User, the Commercial segment is expected to be the fastest-growing category in the GCC facility management market during the forecasted period. The growth of this segment is attributed to rising awareness regarding optimization of expenditure for commercial building management. Besides this, the rising customer preference toward cleaner place infused the adoption of clean facilities in the hospitality sector. Thus, this is further propelling the growth of the market.
Regional Landscape
Saudi Arabia showed substantial growth
Among all the GCC countries, Saudi Arabia holds the largest share in the GCC facility management market owing to the growing tourism sector due to significant growth in religious tourist, the introduction of various National development plan for advanced infrastructure and increasing demand for advanced facility management. Moreover, forthcoming large-scale real estate projects such as Amaala by 2028 and the Red Sea Project by 2030 is projected to propel the demand for facility management in the country in the forecast period.
Market Driver
The surge in demand for cloud-based solution Across Various Companies
Increasing demand for a cloud-based solution for facility management is fueling market growth. This is attributed to the low operating cost associated with the use of cloud-based solutions. Besides this, other benefits of incorporating cloud-based solution with facility management such as the easy recovery of data, reduction of maintenance cost and enhanced customer satisfaction, contributing to the significant growth of the market.
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 key overall market statistics or market estimates (Market Overview, Market Size- By Value, Forecast Numbers, Market Segmentation, Market Shares) of GCC Facility Management Market?
2. What is the country-wise industry size, growth drivers and challenges key market trends?
3. What are the key innovations, opportunities, current and future trends and regulations in the GCC Facility Management Market?
4. Who are the key competitors, what are their key strength and weakness and how they perform in GCC Facility Management Market based on the competitive benchmarking matrix?
5. What are the key results derived from the market surveys conducted during the course of the GCC Facility Management Market study?
Market Outlook, Segmentation and Statistics
1) Impact of COVID-19 on GCC Facility Management Market
2) Industry Potential & Outlook
a) By Revenues
3) Industry Segmentation & Outlook
a) By Type
i) Hard
ii) Soft
iii) Risk
iv) Administrative
4) By Operating Model
a) In-House
b) Outsourced
5) By Service Delivery
a) Integrated
b) Bundled
c) Single Services
6) By End Users
a) Commercial
b) Residential
c) Government
d) Retail
e) Education
f) Healthcare
g) Hospitality
h) Others
7) By Enterprise Size
a) Large
b) Mid-Size
c) Small
8) By Country
a) Saudi Arabia
b) Qatar
c) UAE
d) Kuwait
e) Oman
f) Bahrain
9) By Company
a) Revenue Shares
b) Strategic Factorial Indexing
c) Competitor Placement in MarkNtel Quadrant
10) GCC Facility Management Market Regulations
11) GCC Facility Management Services Market, Customer Buying Behaviour
12) GCC Facility Management Market Winning Strategies
a) Investment Scenario
b) Hotspots
13) GCC Facility Management Market Porter’s Five Forces Analysis
14) GCC Facility Management Market Pricing Analysis
15) Competition Outlook
a) Competitor Wise Growth Strategies
b) Company Profiles
Frequently Asked Questions:
Q. What is the historical year, base year and forecast year considered in the research report on GCC Facility Management Market ?
A. The historical data has been provided since 2016, while the base year is 2020 and the data is forecast up-to 2026.
Q. What are the units or denomination for measuring market value in the report?
A. The market size/industry size or the market value is measured in terms of USD Million.
Q. What would be the growth rate or CAGR of GCC Facility Management Market during 2021-26?
A. The GCC Facility Management Market is anticipated to grow at a CAGR of 8.2% during 2021-26.
Q. Who are the key competitors or players operating in GCC Facility Management Market?
A 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 are few of the leading players in the GCC Facility Management Market.
Q. Which types of segment would emerge as an opportunity area for players in GCC Facility Management Market?
A. Hard services segment is expected to attain the highest CAGR during the forecast period and maintain its significant market share.
Q. Which country would emerge as an opportunity area for players in GCC Facility Management Market?
A. Saudi Arabia continue to grow at a highest CAGR, presenting immense opportunities for market players of GCC Facility Management Market.
Content
1. Introduction
1.1. Product Definition
1.2. Research Process
1.3. Assumptions
1.4. 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)
6.1. Industry Potential & Outlook
6.1.1. By Revenues
6.2. Industry Segmentation & Outlook
6.2.1. By Type
6.2.1.1. Hard
6.2.1.2. Soft
6.2.1.3. Risk
6.2.1.4. Administrative
6.2.2. By Operating Model
6.2.2.1. In-House
6.2.2.2. Outsourced
6.2.3. By Service Delivery
6.2.3.1. Integrated
6.2.3.2. Bundled
6.2.3.3. Single Services
6.2.4. By End Users
6.2.4.1. Commercial
6.2.4.2. Residential
6.2.4.3. Government
6.2.4.4. Retail
6.2.4.5. Education
6.2.4.6. Healthcare
6.2.4.7. Hospitality
6.2.4.8. Others
6.2.5. By Enterprise Size
6.2.5.1. Large
6.2.5.2. Mid-Size
6.2.5.3. Small
6.2.6. By Region
6.2.6.1. UAE
6.2.6.2. Saudi-Arabia
6.2.6.3. Qatar
6.2.6.4. Oman
6.2.6.5. Bahrain
6.2.6.6. Kuwait
6.2.7. By Company
6.2.7.1. Revenue Shares
6.2.7.2. Strategic Factorial Indexing
6.2.7.3. Competitor Placement in MarkNtel Quadrant
7. UAE Facility Management Market Outlook (2016- 2026)
7.1. Industry Potential & Outlook
7.1.1. By Revenues
7.2. Industry Segmentation & Outlook
7.2.1. By Type
7.2.2. By Operating Model
7.2.3. By Service Delivery
7.2.4. By End Users
7.2.5. By Enterprise Size
8. Saudi Arabia Facility Management Market Outlook (2016-2026)
8.1. Industry Potential & Outlook
8.1.1. By Revenues
8.2. Industry Segmentation & Outlook
8.2.1. By Type
8.2.2. By Operating Model
8.2.3. By Service Delivery
8.2.4. By End Users
8.2.5. By Enterprise Size
9. Qatar Facility Management Market Outlook (2016-2026)
9.1. Industry Potential & Outlook
9.1.1. By Revenues
9.2. Industry Segmentation & Outlook
9.2.1. By Type
9.2.2. By Operating Model
9.2.3. By Service Delivery
9.2.4. By End Users
9.2.5. By Enterprise Size
10. Oman Facility Management Market Outlook (2016-2026)
10.1. Industry Potential & Outlook
10.1.1. By Revenues
10.2. Industry Segmentation & Outlook
10.2.1. By Type
10.2.2. By Operating Model
10.2.3. By Service Delivery
10.2.4. By End Users
10.2.5. By Enterprise Size
11. Bahrain Facility Management Market Outlook (2016-2026)
11.1. Industry Potential & Outlook
11.1.1. By Revenues
11.2. Industry Segmentation & Outlook
11.2.1. By Type
11.2.2. By Operating Model
11.2.3. By Service Delivery
11.2.4. By End Users
11.2.5. By Enterprise Size
12. Kuwait Facility Management Market Outlook (2016-2026)
12.1. Industry Potential & Outlook
12.1.1. By Revenues
12.2. Industry Segmentation & Outlook
12.2.1. By Type
12.2.2. By Operating Model
12.2.3. By Service Delivery
12.2.4. By End Users
12.2.5. By Enterprise Size
13. GCC Facility Management Market Regulations
14. GCC Facility Management Market Trends & Developments
15. GCC Facility Management Market Dynamics
15.1. Impact Analysis
15.2. Drivers
15.3. Challenges
16. GCC Facility Management Market Attractiveness Index, 2019- 2025
16.1. By Type
16.2. By Operating Model
16.3. By Service Delivery
16.4. By End Users
16.5. 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
19.1. Competition Matrix
19.1.1. Target Markets
19.1.2. Research & Development
19.1.3. Collaborations & Strategic Alliances
19.1.4. Key Business Expansion Initiatives
19.1.5. Business Restructuring- Mergers, Acquisition, JVs
19.1.6. Strategic Initiatives
19.2. Company Profiles (Business Description, Product Segment, Business Segment, Financials, Strategic Alliances or Partnerships, Future Plans)
19.2.1. EMCOR Group Inc
19.2.2. Emrill Services LLC
19.2.3. United Facilities Management
19.2.4. Khidmah LLC
19.2.5. Kharafi National, Interserve plc
19.2.6. Cofely Besix Facility Management,
19.2.7. Imdaad LLC,
19.2.8. Musanadah Facilities Management Co. Ltd.
19.2.9. Farnek Services LLC
20. Disclaimer
Facility Management is a process of managing a physical workplace. It provides services such as equipment maintenance, space planning, and portfolio forecasting, and maintenance support to various end-users such as offices, schools, hospitals, the residential sector etc.
According to the MarkNtel Advisors’ research report, “GCC Facility Management Market Analysis, 2021”, the market is expected to grow at a CAGR of around 8.2% during 2021-26. The growth of the GCC Facility Management Market is attributed to increasing demand for facility management services in commercial as well as residential buildings and a rise in the number of constructional activities and industrial projects. Besides these, the execution of various development programs by the government of GCC countries such as Qatar National Vision 2030, Saudi Vision 2030 and Kuwait National Development Plan for the infrastructural development of the country, propels the growth of the market.
Impact of COVID-19
Due to the outbreak of the COVID-19 pandemic, large facility management vendors are coming up with plans to focus on the continuity of business. But, delivery of routine service is the biggest challenge for the suppliers. With the commencement of COVID-19, the need for frequent cleaning services has increased at a robust rate during the pandemic. Whereas suppliers are finding it tough to provide regular facility management services to the end-users. Thereby, creating a gap between demand and supply of the market.
Market Segmentation
Hard services accounted for the Largest Market Share
Based on Type, the market is segmented into Hard, Soft, Risk and Administrative categories. Among these, Hard services acquired the largest share of the GCC facility management market in 2019 owing to the increasing adoption of advanced hard services by the organizations to manage their workplace and increasing customer inclination towards professional services. Additionally, the rise in inflow of foreign direct investments for the development of real estate sectors leads to an increase in the need for hard facility management services. Thus, this is proliferating the demand for hard facility management services in the forecast period as revealed by the MarkNtel Advisors’ research report “GCC Facility Management Market Analysis, 2021”.
Commercial Segment Grabbed the Highest Share
Based on End-User, the Commercial segment is expected to be the fastest-growing category in the GCC facility management market during the forecasted period. The growth of this segment is attributed to rising awareness regarding optimization of expenditure for commercial building management. Besides this, the rising customer preference toward cleaner place infused the adoption of clean facilities in the hospitality sector. Thus, this is further propelling the growth of the market.
Regional Landscape
Saudi Arabia showed substantial growth
Among all the GCC countries, Saudi Arabia holds the largest share in the GCC facility management market owing to the growing tourism sector due to significant growth in religious tourist, the introduction of various National development plan for advanced infrastructure and increasing demand for advanced facility management. Moreover, forthcoming large-scale real estate projects such as Amaala by 2028 and the Red Sea Project by 2030 is projected to propel the demand for facility management in the country in the forecast period.
Market Driver
The surge in demand for cloud-based solution Across Various Companies
Increasing demand for a cloud-based solution for facility management is fueling market growth. This is attributed to the low operating cost associated with the use of cloud-based solutions. Besides this, other benefits of incorporating cloud-based solution with facility management such as the easy recovery of data, reduction of maintenance cost and enhanced customer satisfaction, contributing to the significant growth of the market.
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 key overall market statistics or market estimates (Market Overview, Market Size- By Value, Forecast Numbers, Market Segmentation, Market Shares) of GCC Facility Management Market?
2. What is the country-wise industry size, growth drivers and challenges key market trends?
3. What are the key innovations, opportunities, current and future trends and regulations in the GCC Facility Management Market?
4. Who are the key competitors, what are their key strength and weakness and how they perform in GCC Facility Management Market based on the competitive benchmarking matrix?
5. What are the key results derived from the market surveys conducted during the course of the GCC Facility Management Market study?
Market Outlook, Segmentation and Statistics
1) Impact of COVID-19 on GCC Facility Management Market
2) Industry Potential & Outlook
a) By Revenues
3) Industry Segmentation & Outlook
a) By Type
i) Hard
ii) Soft
iii) Risk
iv) Administrative
4) By Operating Model
a) In-House
b) Outsourced
5) By Service Delivery
a) Integrated
b) Bundled
c) Single Services
6) By End Users
a) Commercial
b) Residential
c) Government
d) Retail
e) Education
f) Healthcare
g) Hospitality
h) Others
7) By Enterprise Size
a) Large
b) Mid-Size
c) Small
8) By Country
a) Saudi Arabia
b) Qatar
c) UAE
d) Kuwait
e) Oman
f) Bahrain
9) By Company
a) Revenue Shares
b) Strategic Factorial Indexing
c) Competitor Placement in MarkNtel Quadrant
10) GCC Facility Management Market Regulations
11) GCC Facility Management Services Market, Customer Buying Behaviour
12) GCC Facility Management Market Winning Strategies
a) Investment Scenario
b) Hotspots
13) GCC Facility Management Market Porter’s Five Forces Analysis
14) GCC Facility Management Market Pricing Analysis
15) Competition Outlook
a) Competitor Wise Growth Strategies
b) Company Profiles
Frequently Asked Questions:
Q. What is the historical year, base year and forecast year considered in the research report on GCC Facility Management Market ?
A. The historical data has been provided since 2016, while the base year is 2020 and the data is forecast up-to 2026.
Q. What are the units or denomination for measuring market value in the report?
A. The market size/industry size or the market value is measured in terms of USD Million.
Q. What would be the growth rate or CAGR of GCC Facility Management Market during 2021-26?
A. The GCC Facility Management Market is anticipated to grow at a CAGR of 8.2% during 2021-26.
Q. Who are the key competitors or players operating in GCC Facility Management Market?
A 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 are few of the leading players in the GCC Facility Management Market.
Q. Which types of segment would emerge as an opportunity area for players in GCC Facility Management Market?
A. Hard services segment is expected to attain the highest CAGR during the forecast period and maintain its significant market share.
Q. Which country would emerge as an opportunity area for players in GCC Facility Management Market?
A. Saudi Arabia continue to grow at a highest CAGR, presenting immense opportunities for market players of GCC Facility Management Market.
1.1. Product Definition
1.2. Research Process
1.3. Assumptions
1.4. 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)
6.1. Industry Potential & Outlook
6.1.1. By Revenues
6.2. Industry Segmentation & Outlook
6.2.1. By Type
6.2.1.1. Hard
6.2.1.2. Soft
6.2.1.3. Risk
6.2.1.4. Administrative
6.2.2. By Operating Model
6.2.2.1. In-House
6.2.2.2. Outsourced
6.2.3. By Service Delivery
6.2.3.1. Integrated
6.2.3.2. Bundled
6.2.3.3. Single Services
6.2.4. By End Users
6.2.4.1. Commercial
6.2.4.2. Residential
6.2.4.3. Government
6.2.4.4. Retail
6.2.4.5. Education
6.2.4.6. Healthcare
6.2.4.7. Hospitality
6.2.4.8. Others
6.2.5. By Enterprise Size
6.2.5.1. Large
6.2.5.2. Mid-Size
6.2.5.3. Small
6.2.6. By Region
6.2.6.1. UAE
6.2.6.2. Saudi-Arabia
6.2.6.3. Qatar
6.2.6.4. Oman
6.2.6.5. Bahrain
6.2.6.6. Kuwait
6.2.7. By Company
6.2.7.1. Revenue Shares
6.2.7.2. Strategic Factorial Indexing
6.2.7.3. Competitor Placement in MarkNtel Quadrant
7. UAE Facility Management Market Outlook (2016- 2026)
7.1. Industry Potential & Outlook
7.1.1. By Revenues
7.2. Industry Segmentation & Outlook
7.2.1. By Type
7.2.2. By Operating Model
7.2.3. By Service Delivery
7.2.4. By End Users
7.2.5. By Enterprise Size
8. Saudi Arabia Facility Management Market Outlook (2016-2026)
8.1. Industry Potential & Outlook
8.1.1. By Revenues
8.2. Industry Segmentation & Outlook
8.2.1. By Type
8.2.2. By Operating Model
8.2.3. By Service Delivery
8.2.4. By End Users
8.2.5. By Enterprise Size
9. Qatar Facility Management Market Outlook (2016-2026)
9.1. Industry Potential & Outlook
9.1.1. By Revenues
9.2. Industry Segmentation & Outlook
9.2.1. By Type
9.2.2. By Operating Model
9.2.3. By Service Delivery
9.2.4. By End Users
9.2.5. By Enterprise Size
10. Oman Facility Management Market Outlook (2016-2026)
10.1. Industry Potential & Outlook
10.1.1. By Revenues
10.2. Industry Segmentation & Outlook
10.2.1. By Type
10.2.2. By Operating Model
10.2.3. By Service Delivery
10.2.4. By End Users
10.2.5. By Enterprise Size
11. Bahrain Facility Management Market Outlook (2016-2026)
11.1. Industry Potential & Outlook
11.1.1. By Revenues
11.2. Industry Segmentation & Outlook
11.2.1. By Type
11.2.2. By Operating Model
11.2.3. By Service Delivery
11.2.4. By End Users
11.2.5. By Enterprise Size
12. Kuwait Facility Management Market Outlook (2016-2026)
12.1. Industry Potential & Outlook
12.1.1. By Revenues
12.2. Industry Segmentation & Outlook
12.2.1. By Type
12.2.2. By Operating Model
12.2.3. By Service Delivery
12.2.4. By End Users
12.2.5. By Enterprise Size
13. GCC Facility Management Market Regulations
14. GCC Facility Management Market Trends & Developments
15. GCC Facility Management Market Dynamics
15.1. Impact Analysis
15.2. Drivers
15.3. Challenges
16. GCC Facility Management Market Attractiveness Index, 2019- 2025
16.1. By Type
16.2. By Operating Model
16.3. By Service Delivery
16.4. By End Users
16.5. 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
19.1. Competition Matrix
19.1.1. Target Markets
19.1.2. Research & Development
19.1.3. Collaborations & Strategic Alliances
19.1.4. Key Business Expansion Initiatives
19.1.5. Business Restructuring- Mergers, Acquisition, JVs
19.1.6. Strategic Initiatives
19.2. Company Profiles (Business Description, Product Segment, Business Segment, Financials, Strategic Alliances or Partnerships, Future Plans)
19.2.1. EMCOR Group Inc
19.2.2. Emrill Services LLC
19.2.3. United Facilities Management
19.2.4. Khidmah LLC
19.2.5. Kharafi National, Interserve plc
19.2.6. Cofely Besix Facility Management,
19.2.7. Imdaad LLC,
19.2.8. Musanadah Facilities Management Co. Ltd.
19.2.9. Farnek Services LLC
20. Disclaimer
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