Saudi Arabia facility management market stood at $ 22.9
billion in 2018 and is projected to grow at a CAGR of more than 12%
during 2019-2024 to reach $ 44.9 billion by 2024.
Increasing number of companies looking to consolidate in the facility
management market and growing investments in large-scale projects in the infrastructure
sector are expected to boost demand for facility management services in the
country. Saudi Arabia boasts the holy sites of the Muslim community, thus registers
a huge number of visitors and travelers, annually, which results in opportunities
for the hospitality and construction industries. All these factors are anticipated
to drive demand for facility management services in Saudi Arabia during
forecast period.
Years Considered for this Report:
Historical Years: 2014-2017
Base Year: 2018
Estimated Year: 2019
Forecast Period: 2020-2024
Objective
of the Study:
- The
primary objective of the study was to evaluate and forecast facility
management market size in Saudi Arabia.
- To
categorize the market by service type - property, cleaning, security,
support, catering and others; by end user - commercial, industrial and
residential; and by region – Makkah, Riyadh, Eastern Province and Rest of
Saudi Arabia.
- To understand
major policy changes and regulations impacting Saudi Arabia facility
management market.
- To
perform pricing analysis and identify major drivers of Saudi Arabia
facility management market.
- To identify
and profile major companies in facility management market in Saudi Arabia.
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Some
of the major players in Saudi Arabia facility management market are Saudi Emcor
Company Limited (EFS Facility Management), Khidmah LLC, Interserve, Enova
Facility Management Services LLC, Saudi Oger Ltd., Rezayat Facilities
Management, Musanadah Facilities Management Co. LTD and Nesma Trading Co. Ltd.
To
analyze and forecast Saudi Arabia facility management (FM) market, TechSci
Research considered both top down and bottom up approach. Multiple employees of
companies operating in the FM market have been interviewed through telephonic
conversations to understand historical and present trends. Moreover, a detailed
and in-depth scrutiny of data by service, by end user and by region was carried
out to understand factors that could impact the demand for facility management
services in Saudi Arabia.
A
brief study of the major players in the facility management market was carried
out to collect information such as investments and expected year of ongoing infrastructure
projects along with the expansion plans of various other infrastructure and
construction projects in the country. To prepare the report, data was also studied
from various secondary sources such as white papers and secondary
literature on facility management market, World Bank Economic Data, OPEC annual
statistical bulletin 2016, General Authority of Statistics, Saudi Vision 2030
and several other statistical documents.
Key Target Audience:
- Facility
management service providers and other stakeholders
- Major
end users of facility management services in industrial, commercial and
residential segments
- Organizations, forums and
alliances related to facility management market
- Government
bodies such as regulating authorities and policy makers
- Market
research and consulting firms
The study is useful for providing key information to industry
stakeholders such as facility management service providers, customers and
policymakers. This study would help them to decide which market segments to be
targeted over the coming years to strategize investments and capitalize on
growth opportunities.
Report Scope:
In this report, Saudi Arabia facility management market
has been segmented into the following categories:
- Market,
by Service:
- Property
- Cleaning
- Security
- Support
- Catering
- Others
- Market,
by Application:
- Commercial
- Industrial
- Residential
- Market,
by Region:
- Makkah
- Riyadh
- Eastern
Province
- Rest
of Saudi Arabia
Competitive Landscape
Competition Benchmarking: Benchmarking of leading players
on the basis of type of services provided by them.
Company Profiles: Detailed analysis of the major companies operating in Saudi Arabia
facility management market.
Available Customizations:
With
the given market data, TechSci Research offers customizations according to a company’s
specific needs. The following customization options are available for the
report:
Company
Information
- Detailed analysis and profiling
of additional market players (up to five).
Profit Margin Analysis
- Profit margin analysis in case
of direct and indirect sales channel.
In case you don’t find what
you are looking for, please get in touch with our custom research team at sales@techsciresearch.com