- The next 5 years would witness the entry of many new companies in the industry especially real estate developers and international players with more advanced technology-assisted service delivery.
- The share of security services in soft services will remain high as it is demanded by many businesses and due to the increase in residential and commercial construction in the country.
- The share of security services in soft services will remain high as it is demanded by many businesses and due to the increase in residential and commercial construction in the country.
Focus on Green Building Management & Energy Efficiency: Green buildings aim to increase resource usage efficiency while minimizing their negative impact on humans and surroundings. Efforts are being made to identify relationships between green building key management practices and green building performance. Structural and nonstructural approaches are being adopted for energy management so as to achieve cost reduction in building operations. Structural approaches include any physical construction while nonstructural approaches involve the application of knowledge, practices and laws to achieve energy efficiency.
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Technology: Technological advancements have impacted the industry: BIM technology enables organizations to visualize specific components of a space, including structural elements. Machine learning enables building systems to automatically collect and analyze data in order to predict outcomes. Smart Building Technology is used to automatically control a facility’s operations, including heating, air conditioning, lighting and security.
Alternative Uses of Spaces: Challenges in leasing office spaces due to regulatory issues, globalization and increased social networking has led to a growing trend of new areas being set up such as co-working spaces, art & cultural hubs.
Analysts at Ken Research in their latest publication Kuwait Facility Management Market Outlook to 2026F – Driven by Rising End-Users Awareness, Improving Technology and Government’s Strong Initiatives regarding Infrastructure” observed that Facility Management Services market is an emergent healthcare market in Kuwait. The rising Facility Management consciousness among the population and business owners, along with increasing infrastructural growth and technology, expansion of their operation, and implementation of favourable government rules & regulations is expected to contribute to the market growth over the forecast period. The Kuwait Facility Management is expected to grow at 8.9% CAGR over 2021-2026F.
Key Segments Covered in the report: –
Kuwait Facility Management Market
By Type of Service
Soft Service
Hard Service
By Hard Service
Electromechanical Services
Operations and Maintenance Services
Fire Safety and Security Systems
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By Soft Service
Housekeeping
Security
Landscaping
Others
By Integrated Facility Services, Bundled Services and Single Services
Bundled services
Single services
Integrated facility management (IFM)
By End User
Commercial
Industrial
Residential
By Personnel
In-House Personnel
Outsourced Personnel
Key Target Audience:-
Factories
Plants and Industries
Hotels
Hospitals
Malls
Companies and offices
Tourism Agencies
Government Bodies & Regulating Authorities
Facility Management companies
Real estate companies
Time Period Captured in the Report:-
Historical Period: 2016-2021
Forecast Period: 2021-2026F
Companies Covered:-
Kharafi National
United Facility Management
EFS Facility Management Services
Fawaz Group
O&G Engineering W.L.L.
EcovertFM Kuwait
Al Mazaya Holding Company
Al-Awsat United Real Estate Co.
ONE FM
PIMCO
Gulf Engineering Company K.S.C.C
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Key Topics Covered in the Report:-
Executive Summary: Kuwait Facility Management Market, 2016-2026F
Kuwait Facility Management Market Size by Revenue, 2016-2026F
Kuwait Population Analysis, 2021
Kuwait Demographic Analysis, 2021
Kuwait Oil and Non-Oil Quarterly Real GDP growth, 2017-2020
Business Cycle and Genesis of Kuwait Facility Management
Business Acquisition Process in Kuwait Facility Management Market
Supply Side Ecosystem
Kuwait Real Estate Market Overview, 2021
Kuwait Rental Market Overview, 2021
Kuwait Housing Loan Market, 2021
Kuwait Hospitality Market Overview, 2021
Kuwait Retail Market Overview, 2021
Supply Side Ecosystem – Maintenance (Hard FM)
Supply Side Ecosystem – Cleaning and Security
Supply Side Ecosystem – Waste Management
Supply Side Ecosystem – Integrated FM
Kuwait Facility Management Market Segmentation
SWOT Analysis of Kuwait Facility Management Market
Key Growth Drivers in Facility Management Market in Kuwait
Trends and Developments in Kuwait Facility Management Market
Kuwait Facility Management Market Major Technological Trends, 2021
Regulatory Landscape of Kuwait Facility Management Market
Types of Contracts in Kuwait Facility Management Market
Competition Scenario in Kuwait Facility Management Market
Cross Comparison of Major Projects in Kuwait Facility Management Market
Market Sizing Analysis of Kuwait Facility Management Market, 2021-2026F
Best Practices for Improving Facility Services
Operational Strategies for Facility Management Market in Kuwait
Growth Strategies of Kuwait Facility Management Market
For more insights on the market intelligence, refer to the link below: –
Kuwait Facility Management Market Analysis
Related Reports by Ken Research: –
Qatar Facility Management Market Outlook