GCC Facility Management Market Outlook 2030: Industry Insights & Opportunity Evaluation, 2019-2030

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For a long period of time, Facility Management has become one of the influential sectors yearning for maximum recognition. The development began about a few decades ago when end-users considered the option of outsourcing the operation, maintenance, and other non-core activities related to the facility to a professional company that formed a new industry called FM.

Description

GCC Facility Management Market: Market Segments: By Service (Property, Cleaning, Security, Catering, Support, Environmental Management and Other Services); By End User (Commercial, Residential, Industrial) By Mode (In-House, Outsourced); and Region – Analysis of Market Size, Share & Trends for 2014 – 2019 and Forecasts to 2030
Product Overview
For a long period of time, Facility Management has become one of the influential sectors yearning for maximum recognition. The development began about a few decades ago when end-users considered the option of outsourcing the operation, maintenance, and other non-core activities related to the facility to a professional company that formed a new industry called FM.
Market Highlights
GCC Facility Management Market is expected to project a notable CAGR of XX.X% in 2030.
GCC Facility Management Market to surpass USD XXXX million by 2030 from USD XXXX million in 2018 at a CAGR of XX% throughout the forecast period, i.e. 2019-30. The increasing application of facility management in commercial buildings, residential construction projects, infrastructure projects, and industrial projects is driving the growth of the market in GCC countries.
GCC Facility Management Market: Segments
Cleaning Services Segment to grow with the highest CAGR of XX.X% during 2019-30
GCC Facility Management Market is segmented by service into property services, cleaning services, security services, catering services, support services, environmental management services, and other services. Cleaning services segment accounted for the larger market share in 2019 and is expected to be the fastest growing category during the forecast period. Rising competition and high economic pressure linked to regulatory requirements are pushing businesses to assess the way they do business.
GCC Facility Management Market: Market Dynamics
Drivers
Increasing construction activities in GCC countries
The growth of the GCC facility management market is expected to be driven by rising construction activities in GCC countries, increasing green building ventures, a growing tourism industry, and smart management of facilities using advanced technology. The GCC member countries have allocated a high budget to the construction sector as part of their strategic vision, which offers a boost to the facility management market in the GCC countries.
Restraints
Low awareness regarding facility management services
The key constraint in the GCC facility management sector is low knowledge of the facility management industry among end users. Many end users are either not aware of or have not opened up to the notion of outsourcing these services. Organizations are not aware of the idea of facilities management or the benefits it provides and instead view it as an operating expense rather than a function of adding value.
GCC Facility Management Market: Regions
GCC Facility Management Market is segmented based on regional analysis into five major regions. These are Saudi Arabia, U.A.E., Kuwait, Qatar and Rest of GCC.
GCC Facility Management Market in Saudi Arabia held the largest market share of XX.X% in the year 2019 followed by UAE with market size of XXX billion owing to rising number of commercial facilities in the countries. In addition, the FM operation is outsourced by the facility operators to concentrate on their core operations. The implementation of innovative technology such as green building techniques and skilled building maintenance is opening up new avenues for market players in the GCC area of facility management. In Qatar, on the other hand, infrastructure expansion makes it one of the most opportunistic market areas for players in the FM industry.
GCC Facility Management Market: Recent Development
• October 2019 – the EFS Facilities Services Group marked accomplishments of flagship projects from large government entities in UAE and Saudi Arabia. The Company has maintained superior performance in its global operations with further expansion into Bangladesh for providing FM services to multinational banking projects concluding a total award of over AED 170 million in contracts.
GCC Facility Management Market: Key Players
• EMCOR Group Inc
o Company Overview
o Business Strategy
o Key Product Offerings
o Financial Performance
o Key Performance Indicators
o Risk Analysis
o Recent Development
o Regional Presence
o SWOT Analysis
• Khidmah LLC
• Interserve plc.
• Musanadah Facilities Management Co. Ltd
• Emrill Services LLC
• Cofely Besix Facility Management
• Imdaad LLC
• United Facilities Management
• Farnek Services LLC
• Kharafi National
GCC Facility Management Market report also contains analysis on:
GCC Facility Management Market Segments:
By Service:
• Property services
• Cleaning services
• Security services
• Catering services
• Support services
• Environmental management services
• Other services
By End User:
• Commercial
• Industrial
• Residential
By Mode:
• In-house
• Outsourced

• GCC Facility Management Market Dynamics
• GCC Facility Management Market Size
• Supply & Demand
• Current Trends/Issues/Challenges
• Competition & Companies Involved in the Market
• Value Chain of the Market
• Market Drivers and Restraints

Additional information

Publisher

Geography Covered

Date Published

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Format

Table of Contents

1. Executive Summary 2. GCC Facility Management Market 2.1. Product Overview 2.2. Market Definition 2.3. Segmentation 2.4. Assumptions and Acronyms 3. Research Methodology 3.1. Research Objectives 3.2. Primary Research 3.3. Secondary Research 3.4. Forecast Model 3.5. Market Size Estimation 4. Average Pricing Analysis 5. Macro-Economic Indicators 6. Market Dynamics 6.1. Growth Drivers 6.2. Restraints 6.3. Opportunity 6.4. Trends 7. Correlation & Regression Analysis 7.1. Correlation Matrix 7.2. Regression Matrix 8. Recent Development, Policies & Regulatory Landscape 9. Risk Analysis 9.1. Demand Risk Analysis 9.2. Supply Risk Analysis 10. GCC Facility Management Analysis 10.1. Porters Five Forces 10.1.1. Threat of New Entrants 10.1.2. Bargaining Power of Suppliers 10.1.3. Threat of Substitutes 10.1.4. Rivalry 10.2. PEST Analysis 10.2.1. Political 10.2.2. Economic 10.2.3. Social 10.2.4. Technological 11. GCC Facility Management Market 11.1. Market Size & forecast, 2019A-2030F 11.1.1. By Value (USD Million) 2019-2030F; Y-o-Y Growth (%) 2020-2030F 11.1.2. By Volume (Million Units) 2019-2030F; Y-o-Y Growth (%) 2020-2030F 12. GCC Facility Management Market: Market Segmentation 12.1. By Regions 12.1.1. Saudi Arabia:(U.S. and Canada) • By Value (USD Million) 2019-2030F; Y-o-Y Growth (%) 2020-2030F 12.1.2. U.A.E.: (Brazil, Mexico, Argentina, Rest of Latin America) • By Value (USD Million) 2019-2030F; Y-o-Y Growth (%) 2020-2030F 12.1.3. Kuwait: (Germany, UK, France, Italy, Spain, BENELUX, NORDIC, Hungary, Poland, Turkey, Russia, Rest of Europe) • By Value (USD Million) 2019-2030F; Y-o-Y Growth (%) 2020-2030F 12.1.4. Qatar: (China, India, Japan, South Korea, Indonesia, Malaysia, Australia, New Zealand, Rest of Asia Pacific) • By Value (USD Million) 2019-2030F; Y-o-Y Growth (%) 2020-2030F 12.1.5. Rest of GCC: (Israel, GCC, North Africa, South Africa, Rest of Middle East and Africa) • By Value (USD Million) 2019-2030F; Y-o-Y Growth (%) 2020-2030F 12.2. By Product: Market Share (2020-2030F) 12.2.1. Client Server-based, By Value (USD Million) 2019-2030F; Y-o-Y Growth (%) 2020-2030F 12.2.2. Web-based, By Value (USD Million) 2019-2030F; Y-o-Y Growth (%) 2020-2030F 12.3. By Service: Market Share (2020-2030F) 12.3.1. Property services, By Value (USD Million) 2019-2030F; Y-o-Y Growth (%) 2020-2030F 12.3.2. Cleaning services, By Value (USD Million) 2019-2030F; Y-o-Y Growth (%) 2020-2030F 12.3.3. Security services, By Value (USD Million) 2019-2030F; Y-o-Y Growth (%) 2020-2030F 12.3.4. Catering services, By Value (USD Million) 2019-2030F; Y-o-Y Growth (%) 2020-2030F 12.3.5. Support services, By Value (USD Million) 2019-2030F; Y-o-Y Growth (%) 2020-2030F 12.3.6. Environmental management services, By Value (USD Million) 2019-2030F; Y-o-Y Growth (%) 2020-2030F 12.3.7. Other services, By Value (USD Million) 2019-2030F; Y-o-Y Growth (%) 2020-2030F 12.4. By End User: Market Share (2020-2030F) 12.4.1. Commercial, By Value (USD Million) 2019-2030F; Y-o-Y Growth (%) 2020-2030F 12.4.2. Industrial, By Value (USD Million) 2019-2030F; Y-o-Y Growth (%) 2020-2030F 12.4.3. Residential, By Value (USD Million) 2019-2030F; Y-o-Y Growth (%) 2020-2030F 12.5. By Mode: Market Share (2020-2030F) 12.5.1. In-house, By Value (USD Million) 2019-2030F; Y-o-Y Growth (%) 2020-2030F 12.5.2. Outsourced, By Value (USD Million) 2019-2030F; Y-o-Y Growth (%) 2020-2030F 13. Company Profile 13.1. EMCOR Group Inc 13.1.1. Company Overview 13.1.2. Company Total Revenue (Financials) 13.1.3. Market Potential 13.1.4. Global Presence 13.1.5. Key Performance Indicators 13.1.6. SWOT Analysis 13.1.7. Product Launch 13.2. Khidmah LLC 13.3. Interserve plc. 13.4. Musanadah Facilities Management Co. Ltd 13.5. Emrill Services LLC 13.6. Cofely Besix Facility Management 13.7. Imdaad LLC 13.8. Farnek Services LLC 13.9. United Facilities Management 13.10. Other Prominent Players 14 Consultant Recommendation **The above given segmentations and companies could be subjected to further modification based on in-depth feasibility studies conducted for the final deliverable.