Emphasis on Service (Hard Service, Soft Service, and Others); Type (Inhouse Facility Management and Outsourced Facility Management); and End-Users (Commercial, Residential, Government, Education, Healthcare, and Others); Country
Geography:
Industry:
Last updated:
Oct 2023
The Middle East Facility Management Market was valued at USD 53 Billion in 2022 and is expected to grow at a strong CAGR of around 8.9% during the forecast period (2023-2030). The Middle East facility management market is witnessing significant growth due to the increasing demand for efficient and cost-effective management of commercial and residential buildings. The Middle East facility management market is driven by factors such as a growing real estate sector, rapid urbanization, and the increasing adoption of advanced technologies. Governments in the region are focusing on improving infrastructure and investing in smart city initiatives, which have created a favorable environment for the facility management industry. The market is highly competitive, with several local and international players operating in the region. Key players include EFS Facilities Services Group, Emrill Services LLC, Khidmah LLC, and Imdaad. These companies offer a wide range of services including maintenance, cleaning, security, and energy management. The market is expected to witness substantial growth in the coming years, driven by emerging trends such as the incorporation of Internet of Things (IoT) devices and the use of artificial intelligence for predictive maintenance. Additionally, the increasing popularity of green buildings and sustainability practices is creating opportunities for facility management services in the region.
Some of the major players operating in the Sodexo, IBM, Jones Lang LaSalle IP, Inc., CBRE, Oracle, Compass Group PLC, CBRE, Trimble, EFS Facilities Services Group, Emrill Services LLC, and Farnek Services LLC. Several M&As along with partnerships have been undertaken by these players to facilitate customers with hi-tech and innovative products/technologies.
Insights Presented in the Report
“Amongst service, the Hard Service category to hold a dominant share of the market in 2022”
On the basis of service, the market is segmented into Hard Service, Soft Service, and Others. Hard Service led the market in 2022 with the highest market share. However, Soft Service is anticipated to grow with the significant CAGR during the forecast period. Hard services are often considered essential for maintaining the functionality and safety of physical infrastructure. Businesses and individuals frequently require services like construction, repair, or installation to ensure that their facilities are well-maintained and meet regulatory standards. Hard services generally require specialized skills, knowledge, and expertise. Service providers in this segment often undergo extensive training, certifications, and professional qualifications. Their expertise adds value to their services and may contribute to a competitive advantage, attracting more customers and leading to market leadership.
Middle East Facility Management Market Report Coverage
“Saudi Arabia led the market in 2022”
The Middle East Facility Management industry in Saudi Arabia is growing rapidly. Saudi Arabia has been implementing economic reforms as part of its Vision 2030 plan, which aims to diversify its economy beyond oil. This has led to increased investments in various sectors, including infrastructure, real estate, and hospitality, resulting in a growing demand for facility management services. The Kingdom has been investing heavily in large-scale construction and infrastructure projects such as airports, railway networks, stadiums, and residential complexes. These developments require professional facility management services to ensure their efficient and seamless operation. The Saudi real estate market has been experiencing significant growth, driven by rising population, urbanization, and increased foreign investment. As more commercial and residential properties are built, the demand for facility management services rises to ensure proper maintenance, security, and operations.
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1. Market Introduction
2. Research Methodology Or Assumption
3. Market Synopsis
4. Executive Summary
5. Middle East Facility Management Market Covid-19 Impact
6. Middle East Facility Management Market Revenue, 2020-2030f
7. Market Insights By Service
8. Market Insights By Type
9. Market Insights By End Users
10. Market Insights By Country
11. Middle East Facility Management Market Dynamics
12. Middle East Facility Management Market Opportunities
13. Middle East Facility Management Market Trends
14. Demand And Supply-side Analysis
15. Leading Associations In The Mena Region
16. Pricing Analysis
17. Value Chain Analysis
18. Competitive Scenario
19. Company Profiled
20. Disclaimer
Research Methodology for the Middle East Facility Management Market Analysis (2023-2030)
Analyzing the historical market, estimating the current market, and forecasting the future market of the Middle East Facility Management market were the three major steps undertaken to create and analyze the adoption of Middle East Facility Management in major countries. Exhaustive secondary research was conducted to collect the historical market numbers and estimate the current market size. Secondly, to validate these insights, numerous findings and assumptions were taken into consideration. Moreover, exhaustive primary interviews were also conducted, with industry experts across the value chain of the Middle East Facility Management market. Post assumption and validation of market numbers through primary interviews, we employed a top-down/bottom-up approach to forecasting the complete market size. Thereafter, market breakdown and data triangulation methods were adopted to estimate and analyze the market size of segments and sub-segments of the industry pertains to. Detailed methodology is explained below:
Analysis of Historical Market Size
Step 1: In-Depth Study of Secondary Sources:
Detail secondary study was conducted to obtain the historical market size of the Middle East Facility Management market through company internal sources such as annual reports & financial statements, performance presentations, press releases, etc., and external sources including journals, news & articles, government publications, competitor publications, sector reports, third-party database, and other credible publications.
Step 2: Market Segmentation:
After obtaining the historical market size of the Middle East Facility Management market, we conducted a detailed secondary analysis to gather historical market insights and share for different segments & sub-segments for major regions. Major segments are included in the report as service, type, and end-users. Further country-level analyses were conducted to evaluate the overall adoption of testing models in that region.
Step 3: Factor Analysis:
After acquiring the historical market size of different segments and sub-segments, we conducted a detailed factor analysis to estimate the current market size of the Middle East Facility Management market. Further, we conducted factor analysis using dependent and independent variables such as service, type, and end-users of the Middle East Facility Management market. A thorough analysis was conducted for demand and supply-side scenarios considering top partnerships, mergers and acquisitions, business expansion, and product launches in the Middle East Facility Management market sector across the globe.
Current Market Size Estimate & Forecast
Current Market Sizing: Based on actionable insights from the above 3 steps, we arrived at the current market size, key players in the Middle East Facility Management market, and market shares of the segments. All the required percentage shares split, and market breakdowns were determined using the above-mentioned secondary approach and were verified through primary interviews.
Estimation & Forecasting: For market estimation and forecast, weights were assigned to different factors including drivers & trends, restraints, and opportunities available for the stakeholders. After analyzing these factors, relevant forecasting techniques i.e., the top-down/bottom-up approach were applied to arrive at the market forecast for 2030 for different segments and sub-segments across the major markets. The research methodology adopted to estimate the market size encompasses:
Market Size and Share Validation
Primary Research: In-depth interviews were conducted with the Key Opinion Leaders (KOLs) including Top Level Executives (CXO/VPs, Sales Head, Marketing Head, Operational Head, Regional Head, Country Head, etc.) across major regions. Primary research findings were then summarized, and statistical analysis was performed to prove the stated hypothesis. Inputs from primary research were consolidated with secondary findings, hence turning information into actionable insights.
Key Stakeholders of Middle East Facility Management Market
Market Engineering
The data triangulation technique was employed to complete the overall market estimation and to arrive at precise statistical numbers for each segment and sub-segment of the Middle East Facility Management market. The data was split into several segments & sub-segments post studying various parameters and trends in the areas of the service, type, and end-users of the Middle East Facility Management market.
The Main Objective of the Middle East Facility Management Market Study
The current & future market trends of the Middle East Facility Management market were pinpointed in the study. Investors can gain strategic insights to base their discretion for investments on the qualitative and quantitative analysis performed in the study. Current and future market trends determined the overall attractiveness of the market at a regional and country level, providing a platform for the industrial participant to exploit the untapped market to benefit from a first-mover advantage. Other quantitative goals of the studies include:
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