Qatar Facility Management Market is expected to generate ~$950 Mn by 2026F, owing to increasing infrastructural growth and technology: Ken Research
- Rapid real estate development in terms of smart city development, new infrastructure developments, and focus on tourism and hospitality promotion are the supporting factor for commercial facility management services revenue.
- Residential units would be a major booming segment to focus on due to the rising younger population, ex-pats, and government-sponsored affordable housing programs to the poor population.
- 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.
Technological Advancement: Technologies such as IOT, Artificial intelligence, building information modeling (BIM), cloud computing, biometric systems and motion detection are being implemented at service locations. Focus on indoor thermal comfort by improving air movement mechanisms in air conditioned and naturally ventilated buildings, which leads to increased productivity at workplaces.
Sustainability: There has been an increase in the awareness for green buildings and environmental services resulting from strong support from the regulatory bodies.
Keeping in mind environmental issues, comfort and rising labor costs, assets are gradually becoming “smart”, enabling various components to interact with each other, in order to achieve the desired output.
Qatar Vision 2030: In addition to transport projects, the government aims to rapidly expand tourism, education, and real estate, facility management market would experience considerable growth. Some of the major construction projects underway in this regard are Sheraton Park, Western Green Spine in Doha, Sidra Medical Research Centre, and Education City.
FIFA 2022: The country will host the 2022 FIFA World Cup, which is another key factor propelling construction and infrastructure development activities in Qatar. Personnel requirements for housekeeping, cleaning and other soft services are expected to increase with a greater number of people visiting the country for the event.
Analysts at Ken Research in their latest publication “Qatar Facility Management Market Outlook to 2026F– Driven by Rising End-Users Awareness, Improving Technology and Government’s Strong Initiatives regarding Infrastructure” by Ken Research observed that Facility Management Market Outlook in Qatar is a growing market owing to increasing trend towards adopting sustainable practices. The rising Facility Management consciousness among the population and business owners, along with increasing infrastructural growth and technology, expansion of their operation, implementation of favourable government rules & regulations is expected to contribute to the market growth over the forecast period. The market is expected to grow at a 10.7% CAGR during 2021-2026F owing to increasing infrastructural growth and technology adoption.
Key Segments Covered
Qatar Facility Management:
- By Types of Services:
- Hard Services
- Soft services
- By Hard Services:
- Electromechanical Services (including HVAC)
- Operations and Maintenance Services
- Fire Safety and Security Systems
- By Soft Services:
- Housekeeping (including Cleaning)
- Security
- Landscaping
- Others
- By Integrated Facility Services, Bundled Services and Single Services:
- Bundled services
- Single services
- Integrated facility management (IFM)
- By End User Sectors:
- Commercial (Includes Offices, retail, infrastructural)
- Industrial
- Residential
- By Personnel:
- In-House Personnel
- Outsourced Personnel
Request for Sample Report @ https://www.kenresearch.com/sample-report.php?Frmdetails=NTk2MDE4
Key Target Audience
Real Estate Companies
Hospitality Sector
Individual Facility Users
Business Owners
Government
Facility Management Associations
Time Period Captured in the Report:
- Historical Year: 2016-2021
- Base Year: 2021
- Forecast Period: 2022– 2026F
Companies Covered:
- Emco Qatar
- Facilities Management & Maintenance Company, L.L.C.
- Mosanada Facilities Management Services
- ENGIE Cofely Mannai
- Al Asmakh Facilities Management
Key Topics Covered in the Report
- Qatar Real Estate Market Overview, 2021
- Qatar Facility Management Market Ecosystem
- Business Cycle and Genesis of Qatar Facility Management Market
- Value Chain of Qatar Facility Management Market
- Business Acquisition Process in Qatar Facility Management Market
- Market Sizing Analysis of Qatar Facility Management Market, 2016-2021
- Key Market Segmentations, 2021 (By Types of Services, By Single, Bundle and Integrated Services 2026F, By Types of Soft Services, By Types of Hard Services, By End-Users Sector and by Personnel Type Services)
- SWOT Analysis of Qatar Facility Management Market
- Key Growth Drivers in Facility Management Market in Qatar
- Trends and Developments in Qatar Facility Management Market
- Major Challenges Faced by the Qatar Facility Management Market
- Qatar Facility Management Market Major Technological Trends, 2021
- Competition Scenario in Qatar Facility Management Market
- Cross Comparison of Major Players in Qatar Facility Management Market
- Future Outlook of Qatar Facility Management Market, 2021-2026F
- Future Outlook of Market Segmentations, 2026F (By Types of Services, By Single, Bundle and Integrated Services 2026F, By Types of Soft Services, By Types of Hard Services, By End-Users Sector and by Personnel Type Services)
- Analyst Recommendations
For more information on the research report, refer to below link:
Related Reports
Contact Us:
Ken Research
Ankur Gupta, Head Marketing & Communications
Support@kenresearch.com
+91-9015378249