Bahrain Facility Management Market Size- By Type, By Service, By Offering Type, By Industry, By End User, By Sector, By Provider Type, By Size of Organization- Regional Outlook, Competitive Strategies and Segment Forecast to 2032
Bahrain Facility Management Market Overview
According to SPER Market Research, the Bahrain Facility Management Market is estimated to reach USD 6.04 billion by 2032 with a CAGR of 12.56%. In order to guarantee that the built environment functions properly, facility management integrates people, location, process, and technology. Additionally, facility management is the coordination of a facility's activities designed to increase the effectiveness of the business as a whole. According to the needs of the business, facility management is used in a variety of sector verticals, including retail, education, and healthcare.
Impact of COVID-19 on the Bahrain Facility Management MarketThe Bahrain Facility Management Market is anticipated to have a modest slowdown in growth as a result of the COVID-19 outbreak. Since the majority of the virus outbreak's personnel was not local, the first lockdown that was imposed caused a scarcity of workers for FM firms. Additionally, as the nation's infrastructure expenditure grew more slowly, several cities, including Manama and Al Muharraq, used lockdown measures.
Scope of the Report:Market size available for years 2019-2032
Base year considered 2021
Forecast period 2022-2032
Segments covered By Type, By Service, By Offering Type, By Industry, By End User, By Sector, By Provider Type, By Size of Organization
Regions covered Muharraq Region, Northern Bahrain, Southern Bahrain, The Capital Region
Companies Covered ABM Industries Inc., Almoayyed Contracting, ASF Facility Management, CBRE Bahrain WLL, EFS Facility Management Bahrain W.L.L., Elite Facility Management Co.,
Bahrain Facility Management Market Segmentation:By Type: Based on the Type, Bahrain Facility Management Market is segmented as; Inhouse Facility Management, Outsourced Facility Management (Single Facility Management, Bundled Facility Management, Integrated Facility Management).
By Region: Bahrain has a very active market for outsourced facilities management despite its limited geographic size. There are several big building projects in the works or planned. It is anticipated that these changes would increase demand for FM across the nation.