We established a quick response research team to monitor the impacts of global pandemic COVID19 on this market to keep our clients informed about latest data and changing strategies. The report will incorporate these insight and data factors. ×
Market Research Report

Middle East Facility Management Market Size By Services Type (Property, Cleaning, Catering, & Others FM Services), By Providers Type (Single Service, Bundled, & IFM), Based on Country (UAE, Iran, Qatar, Oman, Kuwait) - Regional Outlook, Industry Trends, Size, Share & Forecast 2017-2025

Published Date :

2020-03-18

Report Pages :

500

Format :

PDF

Region Covered :

Middle East and Africa

Market Overview

The continued maturity of the construction industry in Middle East countries is pushing the demand for facility management services. According to the report of facility management expo 2015, “As the FM industry continues to mature and develop in the region it is interesting to see the consistency of the responses across the years, as well as gain an insight into the growing stability of a sector often perceived as being affected by the vacillations of the related construction and property businesses”. The building stocks in Middle East region growing in terms of value and volume both which is increasing the demand for facility management services from which the industry can grow and develop. As the opportunities within the industry continue to grow so does the high level competition which is arising the challenges for the established market players to sustain the growth of their businesses. The facility management industry persists to bring out the positive, regardless of regional economic slowdown due to government spending. According to the primary research, more than 60 per cent respondents are expecting that the facility management atmosphere will improve over the next one to two years. However, 36 per cent expect the industry growth and environment to remain about the same. Moreover, the stability in travel and tourism industry is also increasing the number of service providers with enhanced pricing and business models.

Goldstein Research analyst forecast the Middle East facility management market size is set to reach USD 73.8 billion by 2024, at a CAGR of 8.4% over the forecast period. Middle East facility management market generated revenue of USD 38.7 billion in 2016. New market prioritization and entry of new players in FM industry is driving the growth of the revenue.

Middle East Facility Management Market Segmentation

By Services Type

  • Property Services
  • Cleaning Services
  • Security Services
  • Catering Services
  • Support Services
  • Other FM Services

By Providers Type

  • Single Service Providers
  • Bundled Service Providers
  • Integrated FM (IFM) service providers

By Size of Organization

  • Small and medium-sized businesses
  • Large enterprises

Based on Country

  • Kingdom of Saudi Arabia (KSA) Facility Management Market {Market Share (%), Market Size (USD Billion)}
  • United Arab Emirates (UAE) Facility Management Market {Market Share (%), Market Size (USD Billion)}
  • Iran Facility Management Market {Market Share (%), Market Size (USD Billion)}
  • Qatar Facility Management Market {Market Share (%), Market Size (USD Billion)}
  • Oman Facility Management Market {Market Share (%), Market Size (USD Billion)}
  • Kuwait Facility Management Market {Market Share (%), Market Size (USD Billion)}
  • Bahrain Facility Management Market {Market Share (%), Market Size (USD Billion)}
  • Jordan Facility Management Market {Market Share (%), Market Size (USD Billion)}
  • Rest of Middle East Facility Management Market {Market Share (%), Market Size (USD Billion)}

Market Share by Services Type and Region

Based on services type, property services dominated the overall facility management market with a market share of approximated 35.5% in 2016, accounting revenue of USD 13.7 billion followed by cleaning services at 25.5% in 2016. Moreover, on the basis of service provider type, single service model still remains a dominant choice over other service models. However, integrated service model is gaining traction among the facility owners to limit the complexity by reducing the number of service contractor.

Based on country, Kingdom of Saudi Arabia (KSA) leads the facility management market in Middle East and accounted USD 20.8 billion in 2015 followed by UAE with market size of USD 10.2 billion owing to rising number of commercial facilities in the countries. Moreover, the facility operators are outsourcing the FM operation in order to focus on their core operations. Introduction of advanced technologies such as green building techniques and professional maintenance of buildings are opening up new avenues for the facility management market players in the Middle East region. On the other hand, infrastructure expansion in Qatar is making it one of the most opportunistic market spaces for the FM industry players. Qatar facility management market grew at a CAGR of 25.2% between the years 2007 to 2013. FM industry in Qatar generated USD 1.01 billion 2012 and reached to USD 1.3 billion in 2013, with an annual revenue growth rate of 30.4%.

Trends, Drivers & Challenges to Market Growth

According to the report, major driving factor is the expansion of construction industry and building automation. The rising complexity in technology such as smart energy management and building automation further growing the need of facility management services. Positive growth in hotel industry is also a driving force for the facility management industry.  According to industry estimate, Saudi Arabia facility management industry worth nearly USD 100 billion while outsourced FM sector in Middle East region reached a valuation of USD 12.2 billion in 2012. The rising real estate and infrastructure investment in countries such as UAE, Qatar, Kuwait, Saudi Arabia and others is increasing the number of luxurious or premium facilities in the major economies.  Moreover, total spend on facility management in the Middle East region in 2012 is estimated at USD 22.4 Billion, where UAE, Saudi Arabia and Qatar are the major contributors. Mega development projects in these economies and rising government spending to develop better and smart infrastructure further creates huge opportunities for the facility management market players to grow their businesses in the region. 

Further, the report states the biggest challenge is to maintain the marginal price and provide better services. As the number of players are increasing rapidly in the Middle East region so does the expectations of quality services of facility operators are also rising. In order to maintain the growth and pricing models, the players are shifting towards the adoption of technology to reduce the labor force. However, technology implementation requires huge investment which is a major challenge for most of the market players as the return on investment (ROI) rate is low in this service industry. 

Key Market Players

Our Middle East Facility Management Market Report comprises of the following companies as the key players.

  • Emrill Integrated Facilities Management
  • Imdaad
  • Farnek
  • Saudi Oger
  • Reliance Facilities Management
  • Etisalat FM services
  • Macro
  • ABM Industries Inc.
  • EMCOR Group Inc.
  • Johnson Controls Inc.
  • Turner Facilities Management Ltd.

Covered In This Middle East Facility Management Market Report          

The report covers the present ground scenario and the future growth prospects of the facility management market for 2016-2024 along with the market players’ analysis. We calculated the market size and revenue share on the basis of revenue generated from major players in the Middle East region. Middle East facility management market is forecasted on the basis of revenue analysis, product benchmarking and strategic developments of key market players.

Middle East Facility Management Market Outlook 2016-2024, has been prepared based on an in-depth market analysis from industry experts. The report covers the competitive landscape and current position of major players in the Middle East facility management market space. The report also includes porter’s five force model, SWOT analysis, company profiling, business strategies of market players and their business models. “Middle East Facility Management Market Report” also recognizes value chain analysis to understand the cost differentiation, pricing models to provide competitive advantage to the existing and new entry players.

According to our Middle East market study on the basis of extensive primary and secondary research:  “many technologies are on the brink of contravention into the Middle East region, such as Internet of Things (IoT), Big Data, 3D Printing, Smart Buildings, Building Automation and inclination towards operation centre models for energy and building management.  The growing connectivity technology and need of connected facilities is the major trend which is predisposing the demand for facility management services.”

The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors.

For a full detailed overview, send us the sample request.

Key questions answered in this Middle East Facility Management Market Report

  • What is the total market size by 2024 and what would be the expected growth rate of market?
  • What is the total revenue per segment and region in 2015-16 and what would be the expected revenue per segment and region over the forecast period?
  • What are the key market trends?
  • What are the factors which are driving this market?
  • What are the major barriers to market growth?
  • Who are the key vendors in this market space?
  • What are the market opportunities for the existing and entry level players?
  • What are the recent developments and business strategy of the key players?

We can provide two hour complimentary interaction with our analyst after the purchase of this market report. Details are imparted within the report.




{ }

Middle East Facility Management Market Size By Services Type (Property, Cleaning, Catering, & Others FM Services), By Providers Type (Single Service, Bundled, & IFM), Based on Country (UAE, Iran, Qatar, Oman, Kuwait) - Regional Outlook, Industry Trends, Size, Share & Forecast 2017-2025

A complementary 2hrs free facility through which report buyers can interact with our pool of experienced analysts for any report related queries, clarifications or additional data requirements

OR Call Us:+1-646-568-7747

Table of Contents

Please Select Linenece Type