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Middle East Facility Management Services Market Report 2019-2023 Featuring BESIX, Farnek, Interserve, Mace Group, and Serco Group - ResearchAndMarkets.com

November 19, 2018

DUBLIN--(BUSINESS WIRE)--Nov 19, 2018--The “Facility Management Services Market in Middle East 2019-2023” report has been added to ResearchAndMarkets.com’s offering.

The facility management services market in Middle East will register a CAGR of over 11% by 2023.

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.

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.

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.

Summary:

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.

Key Topics Covered:

PART 01: EXECUTIVE SUMMARY

PART 02: SCOPE OF THE REPORT

PART 03: MARKET LANDSCAPE

Market ecosystem Market characteristics Market segmentation analysis

PART 04: MARKET SIZING

Market definition Market sizing 2018 Market size and forecast 2018-2023

PART 05: FIVE FORCES ANALYSIS

Bargaining power of buyers Bargaining power of suppliers Threat of new entrants Threat of substitutes Threat of rivalry Market condition

PART 06: MARKET SEGMENTATION BY SERVICE

Market segmentation by service Comparison by service Soft service - Market size and forecast 2018-2023 Hard service - Market size and forecast 2018-2023 Market opportunity by service

PART 07: CUSTOMER LANDSCAPE

PART 08: GEOGRAPHIC LANDSCAPE

Geographic segmentation Geographic comparison Saudi Arabia - Market size and forecast 2018-2023 UAE - Market size and forecast 2018-2023 Qatar - Market size and forecast 2018-2023 Bahrain - Market size and forecast 2018-2023 Kuwait - Market size and forecast 2018-2023 Oman - Market size and forecast 2018-2023 Key leading countries Market opportunity

PART 09: DECISION FRAMEWORK

PART 10: DRIVERS AND CHALLENGES

Market drivers Market challenges

PART 11: MARKET TRENDS

PART 12: VENDOR LANDSCAPE

Overview Landscape disruption Competitive scenario

PART 13: VENDOR ANALYSIS

Vendors covered Vendor classification Market positioning of vendors BESIX Farnek Interserve Mace Group Serco Group

PART 14: APPENDIX

For more information about this report visit https://www.researchandmarkets.com/research/mt4lkn/middle_east?w=4

View source version on businesswire.com:https://www.businesswire.com/news/home/20181119005506/en/

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Related Topics:Facilities Management

KEYWORD: MIDDLE EAST

INDUSTRY KEYWORD: BUILDING SYSTEMS CONSTRUCTION & PROPERTY

SOURCE: Research and Markets

Copyright Business Wire 2018.

PUB: 11/19/2018 10:39 AM/DISC: 11/19/2018 10:39 AM

http://www.businesswire.com/news/home/20181119005506/en

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