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Oman Facility Management Market Outlook to 2022 - ResearchAndMarkets.com

April 10, 2019

DUBLIN--(BUSINESS WIRE)--Apr 10, 2019--The “Oman Facility Management Market Outlook to 2022 - By Soft Services (Housekeeping, Landscape Access and Façade Access, Security, Others) and By Hard Services (HVAC, Electromechanical, Opnal eratioand Maintenance, Fire Safety and Security)” report has been added to ResearchAndMarkets.com’s offering.

The Facility Management (FM) market in Oman has witnessed robust growth during the review period; however, the market is still in its growth stage.

The market is highly fragmented with large number of players operating within the FM industry. The FM market in the past was dominated by soft services but technological advancement and increasing need for building maintenance has resulted in rising demand for hard services. The major growth drivers for the industry include the booming real estate market, growing construction industry, increasing number of shopping malls and supermarkets, expanding hospitality sector and focus on Green Buildings aligned to Vision 2030; creating opportunities for FM services in the country.

Increase in project activity centered on tourism and the commercial sector have raised the demand for soft and hard services in the country, leading to a positive impact on the facility management market. Rising inflow of foreign expatriates has also positively impacted the growth of the industry.

Competitive Landscape in Oman Facility Management Market

The market dynamics has changed in terms of number of players as domestic and international players have been entering the FM industry. With major MNCs entering this market, competition has further streamlined in recent years. Major FM companies in the country include Renaissance CSG, OIG, Como Facility Management, QBG and EFS. Companies are competing on the basis of price and quality.

Renaissance CSG competes in the market on the basis of value innovation and various supplementary services it provides to their customer. OIG differentiates itself from other companies by using environment friendly and safe products. Como has a huge service portfolio which gives it a competitive edge over other companies. QBG is a customer centric company that provides personalized services to its customers while EFS follows an employee centric approach

Oman Facility Management Market Future Outlook and Projections

As the facility management market in Oman is fragmented, it will provide immense opportunity to global and local players to tap this market with the aid of technology advancements and rising awareness among Omanis towards FM services. Enormous growth in construction, tourism and healthcare industries in the country will increase the demand for FM services. Additionally, the 9th Year Development plan (2016-2020) is expected to trigger the demand for FM services owing to the increase in infrastructure projects.

Key Segments Covered

  • Soft and Hard Facility Management
    • Soft Services
    • Hard Services
  • Soft Services
    • Housekeeping
    • Landscape Access
    • Security
  • Hard Services
    • HVAC
    • Electromechanical Services
    • Operations and Maintenance
    • Fire Safety and Security
  • Type of Service
    • Single
    • Bundled
    • Integrated
  • Outsourcing and In House services
  • Sectors
    • Industrial and Public Infrastructure
    • Retail
    • Commercial
    • Hospitality
    • Residential and Others

Key Target Audience

  • Facility Management Companies
  • Contractors
  • Commercial Offices
  • Hotels and Hospitals
  • Associations

Time Period Captured in the Report:

  • Historical Period - 2011-2017
  • Forecast Period - 2018-2022

Companies Covered:

  • Renaissance Contract Services Group
  • Al Naba Services
  • Oman International Group
  • Osco Oman
  • Como Facility Management Service
  • Bahwan Engineering
  • Kalhat Group
  • EFS Trading
  • General Electric and Trading Company
  • Qurum Business Group

For more information about this report visit https://www.researchandmarkets.com/r/qayl84

View source version on businesswire.com:https://www.businesswire.com/news/home/20190410005450/en/

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Related Topics:HVAC (Heating, Ventilation, and Air Conditioning),Landscaping Services,Home Security and Safety,Facilities Management ,Fire Protection Materials and Devices



SOURCE: Research and Markets

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PUB: 04/10/2019 07:08 AM/DISC: 04/10/2019 07:08 AM