Saudi Arabia Facility Management Market is expected to grow at a robust CAGR 8.05%
Rapid urbanization and infrastructure development, increasing
demand for integrated facility management (IFM) are the factor driving the
Saudi Arabia Facility Management Market during the forecast period 2024-2028.
According to TechSci Research report, “Saudi Arabia Facility Management Market – By Region, Competition, Forecast and Opportunities, 2018-2028”, The Saudi Arabia Facility Management Market
is characterized by dynamic growth and transformation, driven by a convergence
of economic, urban, and technological factors. As the Kingdom embraces its
Vision 2030 plan, which seeks to diversify the economy and promote sustainable
development, the demand for facility management services has surged across
various sectors.
Rapid urbanization and extensive infrastructure development have been
key catalysts, with the construction of commercial buildings, residential
complexes, healthcare facilities, and educational institutions shaping the
landscape. This boom in construction has necessitated professional facility
management to ensure the efficient operation, maintenance, and sustainability
of these assets.
The commercial sector, led by Riyadh, has emerged as the dominant
end-user segment. Riyadh, as the capital and economic heart of Saudi Arabia,
houses the headquarters of major corporations, government ministries, and
financial institutions. This concentration of economic activity generates a
substantial demand for facility management services to maintain and operate the
city's extensive commercial and administrative infrastructure.
Moreover, the Kingdom's commitment to sustainability and environmental
responsibility has further propelled the facility management market. Providers
are adopting green building practices, energy-efficient solutions, and waste
reduction programs to align with global environmental goals and reduce
operational costs.
The trend of outsourcing facility management functions has gained
traction, with organizations recognizing the strategic advantages of entrusting
specialized providers with non-core functions. Integrated Facility Management
(IFM) solutions have also risen in prominence, offering clients comprehensive
services that span maintenance, security, cleaning, energy management, and
more.
Technological advancements, particularly in smart building solutions and
IoT integration, are reshaping the industry. These technologies enhance
building efficiency, security, and occupant comfort, aligning with the evolving
needs of clients for modern, tech-driven solutions.
Browse over 95 market data Figures spread through 347 Pages and an in-depth TOC on the "Saudi Arabia Facility Management Market"
The Saudi Arabia facility management
market is segmented into service, type, industry, end user, sectors, mode and
region. Based on service, the market is segmented into property, cleaning,
security, support, catering & others. Based on type, the market is
segmented into
hard services and soft services. On the basis of hard
service, the market is further segmented into mechanical,
electrical and plumbing, preventive maintenance, structural maintenance, HVAC
and asset management, and others. Similarly, on the basis of soft service, the
market is further segmented into cleaning services, security services,
catering services, health safety & waste management services, and others.
Based on industry, the market is segmented into organized and unorganized.
Based on end user, the market is segmented into commercial,
residential, industrial and public sector. Based on sectors,
the market is segmented into education, healthcare, real estate,
banking, hospitality, housing, others. Based on mode, the market is segmented
into in-house, outsourced. On the basis of outsourced mode, the market
is further segmented into single, bundled,
integrated. Based on region, the market is segmented
into Makkah, Riyadh, Eastern Province & Rest of Saudi Arabia.
Based on service, The property service segment
accounted for the largest share of 32.87% in the Saudi Arabia facility
management market in 2022. This segment is expected to maintain its market
dominance over the next five years. Moreover, this is due to increasing
awareness of firms about corporate real-estate management.
The property service segment is expected
to grow at a CAGR of 7.59% in the forecast period due to growth in the
country’s industrial and commercial sectors, coupled with easy credit
conditions, increasing purchasing power parity, and booming housing sector.
They are also expected to boost demand for property and cleaning services
during the forecast period.
Additionally, Saudi Arabia plans to
diversify its economy away from oil in the coming years. Favorable
socio-demographic characteristics such as literacy level, income level, and
financial sector development are expected to benefit the property and facility
management market during the forecast period.
Key market players in the Saudi Arabia
Facility Management Market are:-
- Saudi
EMCOR Company Ltd (EFS Facility Management)
- Muheel
Services for Maintenance & Operations LLC
- Khidmah
LLC
- Enova
Facilities Management Services LLC
- Saudi
Binladin Group Operation & Maintenance
- Musanadah
Facilities Management Co. LTD
- Al
Mahmal Facilities Services
- Al
Khozama Facility Management Services
- Five
Moons Company Ltd
- Takamul
AlOula Facility Management
- Al Borj
Facility Management
- Sodexo
Saudi Arabia LLC
- Jones
Lang LaSalle Saudi Arabia Limited
- Algosaibi
Services Company Limited
- Tamimi
Global Co. Ltd.
- Saudi
Catering and Contracting Company
- AL Yusr
Industrial Contracting Co
- Al
Suwaidi Holding Co
- Zamil
Operations and Maintenance Company Limited
- Newrest
(Saudi Airline Catering Company)
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“The
Saudi Arabia Facility Management Market is a rapidly evolving landscape driven
by economic diversification and urbanization. Vision 2030 initiatives have
spurred extensive infrastructure development, boosting demand for professional
facility management services. Riyadh, as the commercial and administrative hub,
leads in this sector. Sustainability is a focal point, with providers adopting
green practices and technology-driven solutions. Outsourcing facility
management functions and the rise of Integrated Facility Management (IFM)
solutions are prominent trends. Technology, particularly smart building
solutions and IoT integration, is reshaping the market. In essence, the Saudi
facility management sector is dynamic, reflecting the Kingdom's pursuit of a
diversified and sustainable economy.” said Mr. Karan Chechi, Research Director
with TechSci Research, a research-based global management consulting firm.
“Saudi Arabia Facility Management Market Segmented By Service (Property,
Cleaning, Security, Support, Catering & Others), By Type (Hard Services {
Mechanical, Electrical and Plumbing, Preventive Maintenance, Structural
Maintenance, HVAC and Asset Management, Others} and Soft Services {Cleaning
Services, Security Services, Catering Services, Health Safety & Waste
Management Services, Others }), By Industry (Organized and Unorganized), By End
User (Commercial, Residential, Industrial and Public Sector), By Sectors
(Education, Healthcare, Real Estate, Banking, Hospitality, Housing, Others), By
Mode (In-House, Outsourced {Single, Bundled, Integrated}) By Region, and By
Competition, 2018-2028F,” has evaluated the future growth
potential of Saudi Arabia Facility
Management Market and provides statistics & information on
market size, structure, and future market growth. The report intends to provide
cutting-edge market intelligence and help decision makers take sound investment
decisions. Besides the report also identifies and analyzes the emerging trends
along with essential drivers, challenges, and opportunities in Saudi Arabia Facility Management Market.
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