MarkNtel Advisors recently released a research report focusing on the UAE Facility Management Market for the forecast period of 2024-30. This approach enhances user understanding and supports well-informed decision-making. The report comprehensively addresses significant changes, gap analyses, emerging opportunities, trends, industry dynamics, and competitive challenges using qualitative and quantitative data. To familiarize established businesses and newcomers with the present market scenario, the report offers detailed growth prospects for the industry and concise insights into competitors.
UAE Facility Management Market Insight and Analysis:
The UAE Facility Management Market is projected to grow at a CAGR of around 9.0% during the forecast period, i.e., 2024-30.
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UAE Facility Management Industry Segmentation:
By Type
-Hard
-Soft
-Risk
-Administrative
By Operating Model
-In-House
-Outsourced
By Service Delivery
-Integrated
-Bundled
-Single Services
By End Users
-Commercial
-Residential
-Government
-Retail
-Education
-Healthcare
-Hospitality
-Others
By Enterprise Size
-Large
-Mid-Size
-Small
UAE Facility Management Market (2024-30): Segmentation
Based on Type:
- Hard
- Soft
- Risk
- Administrative
Here, the Hard Type services acquired a significant share of the UAE Facility Management Market in 2023, mainly due to the rapidly expanding real estate sector, coupled with the surging number of retail malls, industrial hubs, and corporate centers being constructed across the country. The Hard FM services include HVAC maintenance, fire safety alarms, plumbing, electrical maintenance, etc. The increasing adoption of HVAC systems due to the extreme climate of the UAE is a crucial aspect projected to boost the demand for Hard services type in the coming years.
On the other hand, the Soft services type are gaining grounds, mainly due to the mounting need for post-construction cleaning services. In addition, the increasing construction of new buildings in the country, especially in Dubai, is creating the demand for floor care services, including marble polishing and crystallization, coupled with other specialized maintenance and cleaning services. As a result, the market is expected to provide lucrative growth opportunities in the coming years.
Nevertheless, administrative services are also witnessing increasing adoption owing to the massive greenfield investments flowing into the country. The ongoing efforts by UAE’s government to diversify its economy from conventional crude-oil export to service sectors is expected to propel the construction projects from the commercial sector, thereby augmenting the need for administrative services in the country.
Based on Operating Model,
- Outsourced
- In-House
Of both, the demand for Outsourced Operating Model services is increasing at a rapid pace across the UAE, owing prominently to the increasing number of market players entering the industry providing specialized services while enabling reduced operational costs. In the historical period, UAE ranked number one among all GCC countries in terms of outsourcing facility administration services. Moreover, organizations that focus on core business operations are increasingly shifting their preferences toward a better quality of management of the facility that includes comprehensive services, which, as a result, is fueling the overall market growth.
On the other hand, the In-House Operating Model services held the largest market share in the previous few years owing to the prominent end-users that require the management of services like cleaning, catering, & security. However, the depletion in service quality, improper management of a large set of services, and high initial costs of deploying an in-house operating model unit has resulted in a drop in the market share of these services.
Geographical overview:
-Dubai
-Abu Dhabi & Al Ain
-Sharjah & Northern Emirates.
Top Leading key players of UAE Facility Management Market
A thorough examination of the competitive landscape of the market involves a comprehensive analysis of its key competitors. This analysis delves deep into each company’s profile, financial achievements, market presence, potential, Research and Development (R&D) expenditures, recent strategic initiatives in the market, footprint, strengths, weaknesses, and market dominance. The information provided offers a comprehensive overview of the leading market players, including –
-EMRILL Services LLC
-Imdaad L.L.C.
-Farnek Services LLC
-EFS Facilities Management Services
-COFELY BESIX Facility Management
-Khidmah LLC
-Al Shirawi Facilities Management LLC
-Interserve
-Etisalat Facilities Management L.L.C.
-Enova Facility Management Services LLC.
The UAE Facility Management Market report addresses the following concern:
- The UAE Facility Management Market report explores the influence of key trends on market share within the primary segments.
- What are the leading market trends that propel the expansion of the UAE Facility Management market?
- What are the projected CAGR, market size, and growth rate for the UAE Facility Management Market in the upcoming years?
- What are the key players in the UAE Facility Management market, and what strategies are they implementing?
- What factors, such as industry trends, drivers, and challenges, are contributing to the growth of the UAE Facility Management market?
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