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Facility Management Services Market in Middle East 2019-2023

Facility Management Services Market in Middle East 2019-2023

About this market

Increasing emphasis on waste reduction initiatives in Middle East have prompted several facility management service companies to incorporate waste management as core function. Facility management vendors are developing long-term waste management frameworks to provide their end-users with efficient waste management solutions. Moreover, stringent regulations to monitor waste disposal is being imposed by several governments of Middle Eastern countries. Thus, the growing emphasis on sustainable waste management is prompting facility management service providers to offer waste management as a key service. Technavio’s analysts have predicted that the facility management services market in Middle East will register a CAGR of over 11% by 2023.Market Overview

Rapid growth in commercial construction

Commercial construction activities in the Middle East are increasing over the last few years. Initiatives such as the Vision 2030 by Saudi Arabia, and Qatar National Vision 2030 by Qatar are contributing to this rapid growth of commercial construction. UAE is also hosting the high-profile Expo 2020 which have helped in the growth of commercial infrastructure in the country. The transport, hospitality, entertainment, and healthcare sectors are outsourcing their non-core functions to facility management companies. Thus, the rapid growth in commercial construction is driving market growth during the forecast period.

Cost constraints in facility management services

Facility management services is a relatively new concept for the Middle East. The lack of awareness about the benefits of facility management services is prompting the facility management vendors to quote lower prices to survive in this highly competitive market. The intense price-based competition and the lack of awareness is leading to cost constraints in facility management services which in turn is hampering market growth in Middle East.

For the detailed list of factors that will drive and challenge the growth of the facility management services market in Middle East during 2019-2023, view our report.

Competitive Landscape

The market appears to be fragmented and with the presence of several companies including BESIX, and Farnek the competitive environment is quite intense. Factors such as the rapid growth in commercial construction, will provide considerable growth opportunities to facility management service companies in Middle East. BESIX, Farnek, Interserve, Mace Group, and Serco Group are some of the major companies covered in this report.


PRESS RELEASE

Technavio Announces the Publication of its Research Report – Facility Management Services Market in Middle East 2019-2023

Technavio recognizes the following companies as the key players in the facility management services market in Middle East: BESIX, Farnek, Interserve, Mace Group, and Serco Group.

Commenting on the report, an analyst from Technavio’s team said: “The need for sustainable waste management in Middle East is driving facility management providers to offer waste management services. This will act as a key trend driving the growth of facility management services market in Middle East during the forecast period.”

According to the report, one of the major drivers for this market is the rapid growth in commercial construction in Middle East. The commercial construction activities have received a boost by initiatives such as the Vision 2030, and Qatar National Vision 2030. This will be a major factor driving the growth of facility management services market in Middle East.

Further, the report states that one of the major factors hindering the growth of this market is the cost constraints in facility management services due to intense price-based competition and lack of awareness about the benefits of FMS. This hurts the profit margins of vendors and thereby hampers market growth.

Companies Mentioned

BESIX

Farnek

Interserve

Mace Group

Serco Group

  • Executive summary
  • Scope of the report
    • Preface
    • Currency conversion rates for US$
  • Market landscape
    • Market ecosystem
      • Table Global facilities management market
      • Table Segments of global facilities management market
    • Market characteristics
      • Table Market characteristics
    • Market segmentation analysis
      • Table Market segments
  • Market sizing
    • Market definition
      • Table Market definition - Inclusions and exclusions checklist
    • Market sizing 2018
      • Table Market size 2018
    • Market size and forecast 2018-2023
      • Table Regional market: Size and forecast 2018-2023 ($ millions)
      • Table Regional market: Year-over-year growth 2019-2023 (%)
  • Five forces analysis
    • Table Five forces analysis 2018
    • Table Five forces analysis 2023
    • Bargaining power of buyers
      • Table Bargaining power of buyers
    • Bargaining power of suppliers
      • Table Bargaining power of suppliers
    • Threat of new entrants
      • Table Threat of new entrants
    • Threat of substitutes
      • Table Threat of substitutes
    • Threat of rivalry
      • Table Threat of rivalry
    • Market condition
      • Table Market condition - Five forces 2018
  • Market segmentation by service
    • Table Service - Market share 2018-2023 (%)
    • Comparison by service
      • Table Comparison by service
    • Soft service - Market size and forecast 2018-2023
      • Table Soft service - Market size and forecast 2018-2023 ($ millions)
      • Table Soft service - Year-over-year growth 2019-2023 (%)
    • Hard service - Market size and forecast 2018-2023
      • Table Hard service - Market size and forecast 2018-2023 ($ millions)
      • Table Hard service - Year-over-year growth 2019-2023 (%)
    • Market opportunity by service
      • Table Market opportunity by service
  • Customer landscape
    • Table Customer landscape
  • Geographic landscape
    • Geographic segmentation
      • Table Market share by geography 2018-2023 (%)
    • Geographic comparison
      • Table Geographic comparison
    • Saudi Arabia - Market size and forecast 2018-2023
      • Table Saudi Arabia - Market size and forecast 2018-2023 ($ millions)
      • Table Key construction projects in Saudi Arabia during 2019-2025
      • Table Saudi Arabia - Year-over-year growth 2019-2023 (%)
    • UAE - Market size and forecast 2018-2023
      • Table UAE - Market size and forecast 2018-2023 ($ millions)
      • Table Key construction projects in the UAE during 2018-2023
      • Table UAE - Year-over-year growth 2019-2023 (%)
    • Qatar - Market size and forecast 2018-2023
      • Table Qatar - Market size and forecast 2018-2023 ($ millions)
      • Table Key construction projects in Qatar
      • Table Qatar - Year-over-year growth 2019-2023 (%)
    • Bahrain - Market size and forecast 2018-2023
      • Table Bahrain - Market size and forecast 2018-2023 ($ millions)
      • Table Bahrain - Year-over-year growth 2019-2023 (%)
    • Kuwait - Market size and forecast 2018-2023
      • Table Kuwait - Market size and forecast 2018-2023 ($ millions)
      • Table Kuwait - Year-over-year growth 2019-2023 (%)
    • Oman - Market size and forecast 2018-2023
      • Table Oman - Market size and forecast 2018-2023 ($ millions)
      • Table Oman - Year-over-year growth 2019-2023 (%)
    • Key leading countries
      • Table Key leading countries
    • Market opportunity
      • Table Market opportunity
  • Decision framework
  • Drivers and challenges
    • Market drivers
    • Market challenges
      • Table Impact of drivers and challenges
  • Market trends
  • Vendor landscape
    • Overview
      • Table Vendor landscape
    • Landscape disruption
      • Table Landscape disruption
    • Competitive scenario
  • Vendor analysis
    • Vendors covered
      • Table Vendors covered
    • Vendor classification
      • Table Vendor classification
    • Market positioning of vendors
      • Table Market positioning of vendors
    • BESIX
      • Table BESIX - Vendor overview
      • Table BESIX - Business segments
      • Table BESIX - Organizational developments
      • Table BESIX - Geographic focus
      • Table BESIX - Segment focus
      • Table BESIX - Key offerings
    • Farnek
      • Table Farnek - Vendor overview
      • Table Farnek - Product segments
      • Table Farnek - Organizational developments
      • Table Farnek - Key offerings
    • Interserve
      • Table Interserve - Vendor overview
      • Table Interserve - Business segments
      • Table Interserve - Organizational developments
      • Table Interserve - Geographic focus
      • Table Interserve - Segment focus
      • Table Interserve - Key offerings
    • Mace Group
      • Table Mace Group - Vendor overview
      • Table Mace Group - Business segments
      • Table Mace Group - Organizational developments
      • Table Mace Group - Geographic focus
      • Table Mace Group - Segment focus
      • Table Mace Group - Key offerings
    • Serco Group
      • Table Serco Group - Vendor overview
      • Table Serco Group - Business segments
      • Table Serco Group - Organizational developments
      • Table Serco Group - Geographic focus
      • Table Serco Group - Segment focus
      • Table Serco Group - Key offerings
  • Appendix
    • Research methodology
    • List of abbreviations
      • Table List of abbreviations
  • Explore Technavio

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