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2020-04-24
380
UAE
UAE facility management market will be fueled by the USD 629 billion worth of construction contracts anticipated to be completed in the UAE by 2021 and the ongoing preparations for Expo 2020 Dubai. The facility management industry is provided with the significant opportunity to develop as these projects pave the smooth surface for growth that looks likely to boost the industry’s value beyond USD 17 billion. 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.
By Services Type
By Providers Type
By Size of Organization
Goldstein Research analyst forecast the UAE facility management market is majorly driven significant expansion of non-oil sectors in the coming years in light of the government’s full support and assurance to drive their growth. Further, the market size is set to reach USD 20.3 billion by 2024, at a CAGR of 8.3% over the forecast period. UAE facility management market generated revenue of USD 10.8 billion in 2016. The facility management market in UAE is majorly acquired by demand for hard services.
Based on services type, property services dominated the overall facility management market with a market share of approximated 38.7% in 2016, accounting revenue of USD 4.1 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 UAE market study on the basis of extensive primary and secondary research: “many technologies are on the brink of contravention into the UAE, such as Internet of Things (IoT), Big Data, Autonomous Vehicles, 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.”
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. 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. Compared with Dubai, Abu Dhabi has well-organized development projects, all of which offer long-term potential for facilities management companies.
Further, the report states the biggest challenge is Competition in the market that remains top of a long list of challenges that are expected to impact businesses over the forecast period. According to primary research, recruitment and training of staff (27 %) and a shortage of skilled staff (21 %) continued to score strongly on the list of challenges troubling facility management businesses.
The report covers the present ground scenario and the future growth prospects of the facility management market for 2017-2025 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 UAE region. UAE facility management market is forecasted on the basis of revenue analysis, product benchmarking and strategic developments of key market players.
UAE Facility Management Market Outlook 2017-2025, 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 UAE 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. “UAE 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.
Our UAE Facility Management Market Report comprises of the following companies as the key players.
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 UAE Facility Management Market Report
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