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Saudi Arabia’s Facility Management Market by Service, End-user, Mode and Type - Forecast to 2024: Rising Construction Activity Propels Growth - ResearchAndMarkets.com

May 15, 2019

DUBLIN--(BUSINESS WIRE)--May 15, 2019--

The “Saudi Arabia Facility Management Market by Service, by End User, by Mode, by Type: Market Size, Share, Development, Growth, and Demand Forecast, 2014-2024” report has been added to ResearchAndMarkets.com’s offering.

According to this research, the Saudi Arabian facility management market is projected to advance at a CAGR of 9.7% during the forecast period (2019-2024). One of the major factors driving the progress of the market is the growing construction activity in the country.

Based on service, the Saudi Arabian facility management market is classified into property, cleaning, catering, security, support, environmental management, and other services; wherein other’ includes reception, furniture supplies, staffing, utility management, and contract management. In 2018, the property services classification held the largest revenue share of more than 25% in the market. This is ascribed to benefits such as better tenant retention and short vacancy cycle associated with property services. Thus, the increasing demand for this service is augmenting the growth of the market.

The property services classification is further divided into mechanical and electrical maintenance, HVAC maintenance, and others (consisting of maintaining properties, advertising rental properties, sales and leasing, space planning and design, and asset management). Now, coming to the end users of the facility management market in Saudi Arabia, the commercial sector contributed a revenue of more than 40% in 2018. One of the reasons behind the growing demand for these services in the commercial sector is the increasing awareness among users to optimize expenses incurred due to commercial building management. In 2019-2024, the market is projected to experience tremendous growth in the commercial sector.

On the basis of mode of service, the Saudi facility management market is bifurcated into outsourced and in-house. Of these, in 2018, in-house services contributed more than 65% revenue to the market, owing to its high adoption rate, long-standing presence, and low cost as compared to outsourced services. Further, based on type, the market is categorized into soft services, hard services, and others; wherein others’ include vehicle fleet management, catering services, space management, environmental management, and utility management.

Among these, in 2018, the hard services category dominated the Saudi Arabian facility management market in terms of revenue, due to the fact that these services are expensive because of their technicality. Moreover, various hard services, such as mechanical, HVAC maintenance, and lift management, are critical in nature and required by industrial, commercial, and residential units. Hence, with the increasing demand for these services, this category is expected to create opportunities for market players in the forecast period.

Some of the players operating in the market are Interserve, Khidmah, EMCOR Group, Saudi Oger, Enova Facility Management, and Rezayat Group.

Key Topics Covered

Chapter 1. Research Background

Chapter 2. Research Methodology

Chapter 3. Executive Summary

Chapter 4. Introduction

4.1 Definition of Market Segments

4.1.1 By Service

4.1.1.1 Property services

4.1.1.1.1 HVAC maintenance services

4.1.1.1.2 Mechanical and electrical maintenance services

4.1.1.1.3 Other services

4.1.1.2 Cleaning services

4.1.1.3 Security services

4.1.1.4 Catering services

4.1.1.5 Support services

4.1.1.6 Environmental management services

4.1.1.7 Other services

4.1.2 By End-user

4.1.2.1 Commercial

4.1.2.2 Industrial

4.1.2.3 Residential

4.1.3 By Mode

4.1.3.1 In-house

4.1.3.2 Outsourced

4.1.3.2.1 Integrated

4.1.3.2.2 Bundled

4.1.3.2.3 Single

4.1.4 By Type

4.1.4.1 Hard services

4.1.4.2 Soft services

4.1.4.3 Other services

4.2 Market Dynamics

4.2.1 Trends

4.2.1.1 Economic Diversification

4.2.2 Drivers

4.2.2.1 Increasing construction activities in the country

4.2.2.2 Growing tourism industry

4.2.2.3 Impact analysis of drivers on market forecast

4.2.3 Restraints

4.2.3.1 Legal marketplace of the country

4.2.3.2 Impact analysis of restraints on market forecast

4.2.4 Opportunities

4.2.4.1 Increasing demand of outsourcing facility management services

4.3 Porter’s Five Forces Analysis

Chapter 5. Saudi Arabia Market Size & Forecast

5.1 By Service

5.1.1 Property Services Market, by Type

5.2 By End User

5.3 By Mode

5.3.1 Outsourced Market by Type

5.4 By Type

Chapter 6. Saudi Arabia Facility Management End-User Capacity Analysis

6.1 Commercial End User, by Capacity

6.1.1 Office Capacity

6.1.2 Retail Capacity

6.1.3 Hotel Capacity

6.2 Residential End User, by Capacity

6.3 Industrial End User, by Capacity

Chapter 7. Saudi Arabia Facility Management Workforce Analysis

7.1 Workforce Analysis, by End User

7.2 Workforce Analysis, by Mode

Chapter 8. Competitive Landscape

8.1 Competitive Analysis of Key Players

8.2 Benchmarking of Key Players Based on Offerings

8.3 Recent Facility Management Contracts of Key Players

Chapter 9. Company Profiles & List of Other Players

9.1 Company Profiles

9.1.1 EMCOR Group Inc.

9.1.1.1 Business overview

9.1.1.2 Product and service offerings

9.1.1.3 Key financial summary

9.1.2 Khidmah LLC

9.1.3 Interserve PLC

9.1.4 Enova Facility Management

9.1.5 Saudi Oger Ltd.

9.1.6 Rezayat Group

9.1.7 Musanadah Facilities Management Co. Ltd.

9.1.8 Nesma Trading Co. Ltd.

9.1.9 Al Borj International

9.1.10 Petrojana

9.2 List of Other Players

For more information about this report visit https://www.researchandmarkets.com/r/frd0z7

View source version on businesswire.com:https://www.businesswire.com/news/home/20190515005499/en/

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Related Topics:Facilities Management

KEYWORD: SAUDI ARABIA MIDDLE EAST

INDUSTRY KEYWORD: CONSTRUCTION & PROPERTY OTHER CONSTRUCTION & PROPERTY

SOURCE: Research and Markets

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PUB: 05/15/2019 08:16 AM/DISC: 05/15/2019 08:16 AM

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