Description
U.A.E. Facility Management Market
Product Overview
Facility Management has become one of the influential sectors yearnings for maximum recognition for so many years. 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. Today, FM has grown as a consumer delight by using advanced technology and modular building models to accommodate various needs, giving way to managing facilities. FM Services are classified into two main types: Hard Services: Electrical, Mechanical, Plumbing, HVAC, Fire Safety, and other systems/solutions related to construction maintenance. Cleaning, Security/Staffed Guards, Landscaping, Waste Collections, Pest Control, Rope Entry, Catering, and other related services are included.
Market Highlights
U.A.E. Facility Management Market is expected to project a notable CAGR of XX.X% in 2030.
U.A.E. 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. One of the main factors driving demand growth can be attributed to the country’s booming commercial sector and the rising number of residential projects. As the country’s commercial hubs, Dubai and Abu Dhabi are seeing growth in the real estate market, which further increases the demand for facility management across the country.
U.A.E. Facility Management Market: Segments
Property Services Segment to grow with the highest CAGR during 2019-30
U.A.E. Facility Management Market is segmented by service property services (heating, ventilation, and air conditioning (HVAC) maintenance; mechanical and electrical maintenance; and others), cleaning services, security services, catering services, support services, environmental management services, and other services. Property services segment accounted for the larger market share in 2019 Ascribed to the growing consumer need for property management integrated services. In its construction industry, the country is experiencing massive growth, particularly in Dubai and Abu Dhabi, which is creating a huge demand for property management services. This, in turn, is a growth driver for the demand for facility management in the U.A.E.
In-House segment to grow with the highest CAGR during 2019-30
U.A.E. Facility Management Market is segmented by mode into in-house and outsourced (integrated, bundled, and single). Based on mode, the greater market share was accounted for by the in-house segment due to the high acceptance rate. In-house services have witnessed a higher preference in the country in the past few years, owing to the convenience they provide to users. Facility management services are increasingly outsourced to integrated service providers with a large number of industrial and manufacturing facilities that want to preserve their emphasis on core operations, and provide a broad range of services that are intended to support the growth of the U.A.E. facility management market.
Commercial segment to grow with the highest CAGR during 2019-30
U.A.E. Facility Management Market is segmented by end-User into commercial, industrial, and residential. Based on end-user, the greater market share was accounted for commercial segment due to its economic diversification plan and the strong government support. Facility management services allow commercial operators to concentrate on their core competencies, so the outsourcing of such services in the commercial sector is highly preferred. Additionally, the U.A.E. facility management market is expected to see profound growth in this category in the coming years with investments in the country’s commercial segment of the FM Market.
U.A.E. Facility Management Market: Market Dynamics
Drivers
Increasing construction activities in the country
Growing investments in the country’s infrastructure and real estate sector, along with strong government support are supposed to grow the country’s economy which is anticipated to increase the demand for the construction industry. The need for facility management services in the area is motivated by strong government support, along with increasing investment in the sector. The U.A.E. government is concentrating heavily on reducing its dependency on the oil & gas industry, thereby supporting the sectors of tourism and construction. In addition, it is expected that the advent of emerging technology would support the U.A.E. facility management industry.
Growing tourism industry
One of the major contributors to the economy of the country is the tourism sector. With the growth of the tourism sector in recent years, there has been a surge in the need for services to maintain facilities, provide security, catering, and many other facilities. In addition, due to the need for security services, disinfection services, safety services, and environmental management services in commercial complexes, tourist attractions, and hotels, the market holds a high growth potential. These factors are expected during the forecast period to drive the growth of the U.A.E facility management industry.
Restraints
Hindrance in Workforce management
Inflationary pressure on the facility management services industry and personnel management are key factors hindering the growth of the U.A.E. facility management market. In addition, many businesses are re-focusing on cost-cutting actions, which often pose additional challenges in upholding the ethics of service quality.
Key Development in U.A.E. Facility Management Market
In April 2020, Farnek Services LLC has announced that a contract has been purchased from Galadari Brothers Co. LLC for services to facilities management. Farnek Services LLC will, according to the agreement, provide security services at Galadari ‘s facilities in Dubai, Abu Dhabi, Al Ain, Sharjah, and Ras Al Khaimah. Galadari operates in the automobile, printing & publishing, construction machinery, rubber, and real estate sectors through facilities located in these cities.
In November 2019, Emrill Services LLC won a six-year contract from Dubai Airports for facility management. In compliance with the Service Agreement, the former company is to provide cleaning and housekeeping facilities at Dubai International Airport Terminal 3, Concourses A, B, and C. For the services needed, a workforce of 1,000 was mobilized.
U.A.E. Facility Management Market: Key Players
EMCOR Group Inc
Company Overview
Business Strategy
Key Product Offerings
Financial Performance
Key Performance Indicators
Risk Analysis
Recent Development
Regional Presence
SWOT Analysis
EMCOR Group Inc
Imdaad LLC
Farnek Services LLC
EFS Facilities Management Services
Transguard Group LLC
Khidmah LLC
Etisalat Facilities Management LLC
COFFEY BESIX Facility Management
Al Shirawi Facilities Management LLC
Interserve
Enova Facility Management Services LLC
Idama Facilities Management Solutions
Deyaar
MAB Facilities Management LLC
Eltizam Asset Management Group
U.A.E. Facility Management Market report also contains analysis on:
U.A.E. Facility Management Market Segments:
By Service:
Property services
HVAC maintenance services
Mechanical and electrical maintenance services
Other 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
Integrated
Bundled
Single
By Type:
Hard
Soft
Others
U.A.E. Facility Management Market Dynamics
U.A.E. 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
