KSA Facility Management Market Outlook to 2026F- Driven by the government initiatives to promote Tourism along with Saudi Vision 2030 and infrastructure developments in the country
The report titled “KSA Facility Management Market Outlook to 2026F- Driven by the government initiatives to promote Tourism along with Saudi Vision 2030 and infrastructure developments in the country “ provides a comprehensive analysis of the Facility management market in KSA. The report covers an overview and genesis of the industry, service-wise market size; market segmentations; analysis of the facility management market; trends and developments, issues and challenges and comparative landscape including market shares of major companies, competition scenario, cross comparison and cost sheet of major market players in KSA. The report concludes with future market projections of each service segmentation and Analyst recommendations to the growth of the Facility Management Market in KSA.
KSA Facility Management Market Overview
Saudi Arabia’s Real Estate Market is one of the biggest and fastest-growing markets due to government support initiatives and rising younger population. The Capital city of Riyadh has the highest existing and upcoming stock of office and residential space in the country. KSA Facility Management market is at the growing stage with huge profitability potential marked with the presence of 50+ Facility Management Service providers and increasing. The Market has experienced a robust growth rate over the period 2020-2021, with a sudden rise in 2021 due to COVID-19 and certain regulations imposed by the Government of KSA that interfered with the normal functioning of the industry. Demand for facility management services was driven by commercial and real estate expansion, rising awareness among the clients regarding importance of maintenance services for sustainable buildings. The market continues to be attractive because higher competition, leading to greater scrutiny of contracts, contract renewals and customized contracts.
KSA Facility Management Market Size and Segmentations
The KSA Facility Management Market has grown from 2016 to 2021 due to the facility management companies adopting new technology to automate the various hard and soft services for faster and high-quality service delivery and less reliance of manual labour.
KSA Facility Management Market Segmentations:
By Type of Services: At the time of the COVID-19 pandemic, the market observed a rising demand for soft services like cleaning and disinfection services.
By Hard Service: Due to the hot climatic conditions and global warming, hard services like the HVAC repair and maintenance segment have expanded at a higher rate in the country.
By Soft Services: Rise in the hospitality and construction sectors and increasing healthcare services have surged the demand for housekeeping services in the Kingdom.
By Single, Bundle and Integrated Services: Small scale companies usually opt for single and bundled services, while large scale companies opt for Integrated services due to their large scale of operations.
By Type of End-User: The commercial sector generates the highest demand both for soft and hard services. In recent years, the Government has started outsourcing the facility management services for airports, hospitals and other infrastructure projects.
By Inhouse or Outsourced Personnel: Facility management companies are more dependent on hiring outsourced personnel as per project requirement in KSA. To avail the benefits of economy of scale and flexibility in permanent workforce, service providers have higher dependence on outsource personnel.
Comparative Landscape in KSA Facility Management Market
The Facility Management Market in KSA is moderately fragmented with the presence of multiple players in the industry, Al Yamama, Zahran Operations & Maintenance and Zamil Operations and Maintenance are some of the top players in the organized segment. The unorganized segment has many service providers that altogether contribute to the majority of the market share. The key competitive parameters include cost, location served, quality of service, technology adopted, value-added services and maintenance.
KSA Facility Management Market Outlook and Projections:
Facility Management market is expected to increase owing to new government policies, growing trend towards adopting sustainable practices is also expected to contribute positively to the demand for Facility management services. Rising global temperature and advanced technology will surge the demand for HVAC and other operations and maintenance services in the future. The integration of technology will lead to more quality services bring provided such as observation of the external envelope of the building and checking the damage which will be difficult to reach manually.
Key Segments Covered
in the report
KSA Facility Management Market
By Type of Services
Soft Services
Hard Services
By Soft Services
Housing keeping
Security
Landscaping
Others
By Hard Services
Electromechanical Services (including HVAC)
Operations and Maintenance Services
Fire Safety and Security Systems
By Service Type
Integrated facility management (IFM)
Bundled services
Single services
By End user Sector
Commercial (Includes Offices, retail, infrastructural)
Residential
Industrial
By Personal Type
Outsourced Personnel
In-House Personnel
Key Target Audience
Factories
Plants and Industries
Hotels
Hospitals
Malls
Companies and offices
Tourism Agencies
Government Bodies & Regulating Authorities
Facility management companies
Real estate companies
Time Period Captured in the Report:
Historical Period: 2016-2021
Forecast Period: 2021-2026F
Companies Covered:
Al Yamama
Aljahrary Overseas
Zahran Operations & Maintenance
Zamil Operations and Maintenance
Almaja G4sl Facility Management
Initial Saudi
Safari
ENOVA
Nesma United
Alborj Facility Managment
Khidmaah
Saudi Emcor (EFS)
Musanadah Facilities Management (MFM)
El Seif (ESOM)
Key Topics Covered in the Report
Saudi Arabia Real Estate Market Overview, 2021
Major Real Estate Giga Projects in Saudi Arabia
Saudi Arabia Facility Management Market Ecosystem
Business Cycle, Genesis and Timeline of Saudi Arabia Facility Management Market
Value Chain & Vendor Selection Process of KSA Facility Management Market
Business Acquisition Process in Saudi Arabia Facility Management Market
Saudi Arabia Facility Management Market Size, 2021
Saudi Arabia Facility Management Market Segmentation, 2021
SWOT Analysis of Saudi Arabia Facility Management Market
Key Growth Drivers in Facility Management Market in Saudi Arabia
Trends and Developments in Saudi Arabia Facility Management Market
Major Challenges Faced by the Saudi Arabia Facility Management Market
Competition Framework for Saudi Arabia Facility Management Market
Future Outlook and Projections of the Industry, 2021-2026F
Market Opportunities and Analyst Recommendations
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