Saudi Arabia Facility Management Market Analysis 2030: Market Segmentation By Services Type, By Providers Type, By Size of Organization & by Region with Forecast 2017-2030

Saudi Arabia Facility Management (FM) Market Outlook 2017-2025

Market Overview

Total spending over facility management (FM) is majorly driven by GDP and construction expenditure and supports its leading position in FM market growth. 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.

Saudi Arabia FM 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

Market Size & Revenue Share

Goldstein Market Intelligent analyst forecast the Saudi Arabia facility management market is majorly driven by growing number of infrastructure projects, as well as new government initiatives geared towards smart city development, it is predicted that the market would develop at an estimated 10% year-on-year. Further, the market size is set to grow at a CAGR of 8.4% over the forecast period of 2017-2030. Saudi Arabia facility management market generated revenue of USD 20.8 billion in 2016. New market prioritization and entry of new players in FM industry is driving the growth of the revenue.

Based on services type, property services dominated the overall facility management market with a market share of approximated 40.1% in 2016, accounting revenue of USD 8.2 billion followed by cleaning services at 26.2% 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.According to our Saudi Arabia market study on the basis of extensive primary and secondary research:  “One measure of the ‘huge transformation’ that is currently going on within the country with regards to the facility management industry is the rising number of governmental/semi-governmental clients actively seeking licensed international FM service providers for tenders, and barring the traditional O&M contractors.”

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. Constructive growth in hotel industry is also a driving force for the facility management industry. The growing real estate and infrastructure investment in the country is significantly increasing the number of luxurious or premium facilities in the region.  Moreover, total spend on facility management in the Middle East region in 2012 is estimated at USD 36.8 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 Saudi Arabia 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. 

Covered In This Saudi Arabia Facility Management Market Report         

The report covers the present ground scenario and the future growth prospects of the facility management market in Saudi Arabia for 2017-2030 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 Saudi Arabia region. Saudi Arabia facility management market is forecasted on the basis of revenue analysis, product benchmarking and strategic developments of key market players.

Saudi Arabia Facility Management Market Outlook 2017-2030, 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 Saudi Arabia 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. “Saudi Arabia 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.

COVID-19 imapct on "Saudi Arabia Facility Management"

The report analyzes and includes complete detailed chapter of 50-70 pages about the short term & long terms impact of COVID-19 outbreak on each segment of "market name" along with government measures to support the sector. It also showcases the current market landscape during COVID, impact of the virus on leading companies, expected demand schedule and supply chain in the industry and other various major factors. This will help you identify those companies that may benefit from this pandemic as well as those that will lose out.

Key Market Players

Our Saudi Arabia 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.

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.

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Key questions answered in this Market Study

• What is the total market size by 2030 and what would be the expected growth rate of market?
• What is the total revenue per segment and region in 2017-18 and what would be the expected revenue per segment and region over the forecast period?
• What are the key market trends in facility management industry?
• 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?
• Facility Management Industry Statistics 2018
• Complete overview on facility services market
• Outsourcing facility management services

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