Saudi Arabia Facility Management Market Trends for 2014 – 2019 and Forecasts to 2030
Market Segments: By Service (Property[HVAC Maintenance, Mechanical & Electrical Maintenance], Cleaning, Security, Catering, Support, Environmental Management and Other Services);By End User (Commercial, Residential&Industrial)By Mode (In-House&Outsourced[Integrated, Bundled, Single]); By Type (Hard, Soft and Others); and Region – Analysis of Market Size, Share
January 2021
182
About the Report
About the Report
Product Overview
For a long period of time Facility Management has become one of the influential sectors yearnings for maximum recognition. The development began about a few decades ago when end-users considered the option of outsourcing the operation, maintenance, and other non-core activities related to the facility to a professional company that formed a new industry called FM. Today, FM has grown as a consumer delight by using advanced technology and modular building models to accommodate various needs, giving way to managing facilities. FM Services are classified into two main types: Hard Services: Electrical, Mechanical, Plumbing, HVAC, Fire Safety, and other systems/solutions related to construction maintenance. Cleaning, Security / Staffed Guards, Landscaping, Waste Collections, Pest Control, Rope Entry, Catering, and other related services are included.
Market Highlights
Saudi Arabia Facility Management Market is expected to project a notable CAGR of XX.X% in 2030.
Saudi Arabia Facility Management Market to surpass USD XXXX million by 2030 from USD XXXX million in 2018 at a CAGR of XX% throughout the forecast period, i.e. 2019-30. One of the key factors driving Saudi Arabia's facility management industry is the increase in construction activities, along with the growth of the tourism sector in the region. Total expenditure on facility management is primarily driven by GDP and construction spending and supports its leading role in the growth of the FM market.
Saudi Arabia Facility Management Market: Segments
Property Services Segment to grow with the highest CAGR during 2019-30
Saudi Arabia Facility Management Market is segmented by service property services (heating, ventilation, and air conditioning (HVAC) maintenance; mechanical and electrical maintenance; and others), cleaning services, security services, catering services, support services, environmental management services, and other services. The property services segment accounted for the larger market share in 2019 and is expected to be the fastest-growing category during the forecast period. In order to keep the facility in prime condition, this can be due to the growing need for such facilities; there has also been a strong demand for heating, ventilation and air conditioning (HVAC), mechanical and electrical maintenance services on the premises. In addition, space planning, construction, and asset management needs, which are covered by property services, are also growing. With the convenience given, organizations are likely to employ professionals at their facilities for such services, which, in turn, is expected to drive the demand for Saudi Arabia facility management
In-House segment to grow with the highest CAGR during 2019-30
Saudi Arabia Facility Management Market is segmented by mode into in-house and outsourced (integrated, bundled, and single). Based on mode, the greater market share was accounted for by the in-house group due to the high acceptance rate, long-standing presence, and comparatively low price. The dominance of the in-house mode of service is driven by the fact that a large number of businesses are still operating through internal facility management teams and the increase in the reliance on in-house services, primarily for the management of assets, catering, and security.
Commercial segment to grow with the highest CAGR during 2019-30
Saudi Arabia Facility Management Market is segmented by end-user into commercial, industrial, and residential. Based on end-user, the greater market share was accounted for commercial segment due to its economic diversification plan and the strong government support, along with high investments in the commercial infrastructure of the country. In addition, as part of its Vision 2030 development strategy, the National Transformation Program 2030, set out by the Government of Saudi Arabia, focuses on accelerating the implementation of primary and digital infrastructure projects that are expected to foster the growth of the Saudi Arabia facility management market.
Saudi Arabia Facility Management Market: Market Dynamics
Drivers
Increasing construction activities in the country
Saudi Arabia's facilities management sector is largely driven by the rising infrastructure industry, owing to a large number of construction projects at different stages of the country's implementation. Strong government support, along with rising investment in the sector, is driving the need for facility management services in the region. The Saudi government launched the 'Smart City' initiative to develop infrastructure projects, in which the government plans to deploy smart cameras, smart parking solutions, smart solid waste disposal, smart lighting systems, and monitoring tools for environmental pollution, which are expected to drive the need for services to maintain these systems. During the forecast period, such factors are expected to increase the market for facility management in Saudi Arabia.
Growing tourism industry
One of the major contributors to the economy of the country is the tourism sector. With the growth of the tourism sector in recent years, there has been a surge in the need for services to maintain facilities, provide security, catering, and many other facilities. In addition, the Ministry of Tourism recently announced plans to launch a tourism development fund, which is expected to increase the need for access to facilities management services and, in turn, encourage the growth of the market for facilities management in Saudi Arabia.
Restraints
Legal marketplace of the country
The country's stringent staffing policies and labor laws act as the major constraints on the Saudi Arabia facility management market's growth. Overtime dues are some of the main points of labor law; compulsory benefits such as paid leave, sick leave, gender equality, termination of service benefits, health insurance, and termination of employment; and others. Market-based companies also face problems with securing workers' permits, seeking housing for employees, and others.
Key Development in Saudi Arabia Facility Management Market
- In February 2020, Engie Cofely, a division of Engie S.A., acquired two contracts for providing facility management services. The company signed an agreement to provide facility management advisory and training services at King Salman Energy Park (SPARK) and International Maritime Industries (IMI), in the country.
- In March 2019, EMCOR Group Inc. signed a contract with Tatweer Buildings Company for providing facility management services for three years. The company’s role as a managing agent would include the provision of the services at 2,714 schools across Saudi Arabia, including in the cities of Jeddah, Mecca, and Madinah.
Saudi Arabia Facility Management Market: Key Players
- EMCOR Group Inc
- Company Overview
- Business Strategy
- Key Product Offerings
- Financial Performance
- Key Performance Indicators
- Risk Analysis
- Recent Development
- Regional Presence
- SWOT Analysis
- Khidmah LLC
- Interserve plc
- Enova Facility Management
- Rezayat Group
- Musanadah Facilities Management Co. Ltd
- Nesma Trading Co. Ltd
- Al Borj International
- Petrojana
- Al Hajry Overseas Co. Ltd.
Saudi Arabia Facility Management Market report also contains analysis on:
Saudi Arabia Facility Management Market Segments:
- By Service:
- Property services
- HVAC maintenance services
- Mechanical and electrical maintenance services
- Other services
- Cleaning services
- Security services
- Catering services
- Support services
- Environmental management services
- Other services
- Property services
- By End User:
- Commercial
- Industrial
- Residential
- By Mode:
- In-house
- Outsourced
- Integrated
- Bundled
- Single
- By Type:
- Hard
- Soft
- Others
- Saudi Arabia Facility Management Market Dynamics
- Saudi Arabia Facility Management Market Size
- Supply & Demand
- Current Trends/Issues/Challenges
- Competition & Companies Involved in the Market
- Value Chain of the Market
- Market Drivers and Restraints
Products
Table of Contents
Table of Contents
Contents
- Executive Summary
- Saudi Arabia Facility Management Market
- Product Overview
- Market Definition
- Segmentation
- Assumptions and Acronyms
- Research Methodology
- Research Objectives
- Primary Research
- Secondary Research
- Forecast Model
- Market Size Estimation
- Average Pricing Analysis
- Macro-Economic Indicators
- Market Dynamics
- Growth Drivers
- Restraints
- Opportunity
- Trends
- Correlation & Regression Analysis
- Correlation Matrix
- Regression Matrix
- Recent Development, Policies & Regulatory Landscape
- Risk Analysis
- Demand Risk Analysis
- Supply Risk Analysis
- Saudi Arabia Facility Management Analysis
- Porters Five Forces
- Threat of New Entrants
- Bargaining Power of Suppliers
- Threat of Substitutes
- Rivalry
- PEST Analysis
- Political
- Economic
- Social
- Technological
- Porters Five Forces
- Saudi Arabia Facility Management Market
- Market Size & forecast, 2019A-2030F
- By Value (USD Million) 2019-2030F; Y-o-Y Growth (%) 2020-2030F
- By Volume (Million Units) 2019-2030F; Y-o-Y Growth (%) 2020-2030F
- Market Size & forecast, 2019A-2030F
- Saudi Arabia Facility Management Market: Market Segmentation
12.1. By Service: Market Share (2020-2030F)
12.1.1. Property services, By Value (USD Million) 2019-2030F; Y-o-Y Growth (%) 2020-2030F
12.1.2. Cleaning Services, By Value (USD Million) 2019-2030F; Y-o-Y Growth (%) 2020-2030F
12.1.3. Security services, By Value (USD Million) 2019-2030F; Y-o-Y Growth (%) 2020-2030F
12.1.4. Catering services, By Value (USD Million) 2019-2030F; Y-o-Y Growth (%) 2020-2030F
12.1.5. Support services, By Value (USD Million) 2019-2030F; Y-o-Y Growth (%) 2020-2030F
12.1.6. Environmental management services, By Value (USD Million) 2019-2030F; Y-o-Y Growth (%) 2020-2030F
12.1.7. Other services, By Value (USD Million) 2019-2030F; Y-o-Y Growth (%) 2020-2030F
12.2. By End User: Market Share (2020-2030F)
12.2.1. Commercial, By Value (USD Million) 2019-2030F; Y-o-Y Growth (%) 2020-2030F
12.2.2. Industrial, By Value (USD Million) 2019-2030F; Y-o-Y Growth (%) 2020-2030F
12.2.3. Residential, By Value (USD Million) 2019-2030F; Y-o-Y Growth (%) 2020-2030F
12.3. By Mode: Market Share (2020-2030F)
12.3.1. In-house, By Value (USD Million) 2019-2030F; Y-o-Y Growth (%) 2020-2030F
12.3.2. Outsourced, By Value (USD Million) 2019-2030F; Y-o-Y Growth (%) 2020-2030F
12.4. By Type: Market Share (2020-2030F)
12.4.1. Hard, By Value (USD Million) 2019-2030F; Y-o-Y Growth (%) 2020-2030F
12.4.2. Soft, By Value (USD Million) 2019-2030F; Y-o-Y Growth (%) 2020-2030F
12.3.2. Others, By Value (USD Million) 2019-2030F; Y-o-Y Growth (%) 2020-2030F
13. Company Profile
- EMCOR Group Inc
- Company Overview
- Company Total Revenue (Financials)
- Market Potential
- Global Presence
- Key Performance Indicators
- SWOT Analysis
- Product Launch
- Khidmah LLC
- Interserve plc.
- Enova Facility Management
- Rezayat Group
- Musanadah Facilities Management Co. Ltd.
- Nesma Trading Co. Ltd
- Al Borj International
- Other Prominent Players
Consultant Recommendation
**The above-given segmentations and companies could be subjected to further modification based on in-depth feasibility studies conducted for the final deliverable.
Why Buy From US?
What makes us stand out is that our consultants follows Robust, Refine and Result (RRR) methodology. i.e. Robust for clear definitions, approaches and sanity checking, Refine for differentiating respondents facts and opinions and Result for presenting data with story
We have set a benchmark in the industry by offering our clients with syndicated and customized market research reports featuring coverage of entire market as well as meticulous research and analyst insights.
While we don't replace traditional research, we flip the method upside down. Our dual approach of Top Bottom & Bottom Top ensures quality deliverable by not just verifying company fundamentals but also looking at the sector and macroeconomic factors.
With one step in the future, our research team constantly tries to show you the bigger picture. We help with some of the tough questions you may encounter along the way: How is the industry positioned? Best marketing channel? KPI's of competitors? By aligning every element, we help maximize success.
Our report gives you instant access to the answers and sources that other companies might choose to hide. We elaborate each steps of research methodology we have used and showcase you the sample size to earn your trust.
If you need any support, we are here! We pride ourselves on universe strength, data quality, and quick, friendly, and professional service.