Saudi
Arabia facility management market stood at USD22.71 billion in 2020 and is
projected to grow at a CAGR of more than 7.68% during 2021-2026 to reach USD36.10
billion by 2026. The increasing number of companies looking to consolidate in
the facility management market and growing investments in large-scale projects
in the infrastructure sector is expected to boost the demand for facility
management services in the country. Saudi Arabia boasts the holy sites of the
Muslim community, thus registering a huge number of visitors and travellers,
annually, which results in opportunities for the hospitality and construction
industries. All these factors are anticipated to drive the demand for facility
management services in Saudi Arabia during the
forecast period.
Construction sector in Saudi Arabia
contributes about 8% to the country’s total GDP. Moreover, Saudi Arabia is
poised to become one of the largest construction markets in the Middle East,
with more than USD800 billion investments originating from large scale
infrastructure projects in the country by 2030. Saudi Arabia has planned to
emphasize on the greater participation of private sector for the development of
its infrastructure, most likely through public private partnerships (PPPs). The
rising involvement of private sector is expected to enable Saudi Arabia to
realize its ambitious “Saudi Arabia’s National Transformation Plan, 2020, Vision 2030” and implement
“Comprehensive Public Transportation Plans” to additional five cities during
the same period.
Furthermore, the Saudi Arabia government has
allocated around USD43.8 billion for transportation, telecommunications, water,
agriculture and other related infrastructure projects, besides several metro
development projects in major cities. Infrastructure development in the country
is anticipated to boost the need for facility management. The facility
management market in Saudi Arabia has initiated the consolidation by inviting
several Tier 1 companies to meet the expected increase in demand originating
from various end users.
The upcoming and ongoing infrastructural
projects in Saudi Arabia are expected to bolster the demand for facility
management services in the country. For instance, Jeddah Metro Project in Saudi
Arabia is to propel the demand for facility management services in the coming
years. The project is being developed by Metro Jeddah Project Company and
Jeddah Municipality at a budget of around USD35 billion. The project includes a
metro network and light rail transit system of 109 km with a bus transit
system, marine transport line, Corniche tram systems and public transportation
systems, which are likely to require facility management services for their
upkeep and maintenance, thereby positively influencing the country’s facility
management market and giving it a further boost.
Leading companies
operating in the Saudi Arabia facility management market include Saudi EMCOR Company
Ltd (EFS Facility Management), Khidmah LLC, Enova Facilities Management
Services LLC, Muheel Services For Maintenance & Operations LLC, Musanadah
Facilities Management Company Ltd., Al Mahmal Facilities Services, Al Khozama
Facility Management Services, Five Moons Company Ltd., Takamul AlOula Facility
Management, Al Borj Facility Management, Saudi Binladin Group Operation &
Maintenance, and others.
Years
Considered for this Report:
Historical Years: 2016-2019
Base Year: 2020
Estimated Year: 2021
Forecast Period: 2022-2026
Objective of the Study:
- ·
The
primary objective of the study is to understand and gain insights about Saudi Arabia
Facility Management Market by value and its segmental analysis by service, by
end user, by region from 2016-2026.
- ·
To
analyze the historical growth in market size of Saudi Arabia Facility
Management Market from 2016 to 2020.
- ·
To
estimate and forecast the market size of Saudi Arabia Facility Management
Market from 2021 to 2026 and growth rate until 2026.
- ·
To
project the size of Saudi Arabia Facility Management Market, in terms of value,
with respect to key services such as property, cleaning, security, catering, support
and others.
- ·
To
understand the regional market structure of Saudi Arabia Facility Management Market,
which is segmented into four regions, namely – Makkah, Riyadh, Eastern Province
and Rest of Saudi Arabia.
- ·
To
identify the detailed information about the prime factors affecting the Saudi Arabia
Facility Management Market.
- ·
To
evaluate competitive pricing, average market selling prices
and margins in the Saudi Arabia Facility Management market.
- ·
To
examine competitive developments such as new services, new entrants, government
policy and investments in the Saudi Arabia Facility Management market.
- ·
To
strategically profile the leading players in the market which are involved in facility
management in Saudi Arabia.
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To analyze and forecast Saudi Arabia Facility Management Market,
both top-down and bottom-up approaches have been used. Multiple employees from
the leading companies have been interviewed through telephonic conversations to
extract and verify the information being collected at the source. A brief study
of the major players operating in Saudi Arabia
Facility Management Market was also undertaken. Moreover, a detailed and in-depth scrutiny of
information was done to understand each policy and external or internal factor which
could increase or decrease the demand for facility
management services in Saudi Arabia. To extract data, primary surveys
were conducted with key players and stakeholders in the industry. The future of
major players was studied and projects which have commissioned in the country were
identified.
Various
secondary sources such as company websites, news articles, press releases,
company annual reports, investor presentations and financial reports were also studied
by TechSci Research.
Key Target Audience:
- Facility management
companies
- Service providers of
facility management such as property, cleaning, security, catering and support
services.
- Research
organizations and consulting companies
- Associations,
organizations, forums and alliances related to facility management
- Government
bodies such as regulating authorities and policy makers
- Industry
associations
- Market
research and consulting firms
The study is useful in providing answers
to several critical questions that are important for industry stakeholders such
as facility management companies, service providers, customers, policy makers
and which market segments should be targeted over the coming years (next two to
five years) in order to strategize investments and capitalize on the growth of
the market.
Report Scope:
In this report, Saudi Arabia Facility Management Market has been
segmented into the following categories in addition to the industry trends
which have also been listed below:
·
Saudi Arabia Facility Management Market, By Service:
- Property
- Cleaning
- Security
- Support
- Catering
- Others
·
Saudi Arabia Facility Management Market, By End User:
- Commercial
- Industrial
- Residential
·
Saudi Arabia Facility Management Market, By Region:
- Makkah
- Riyadh
- Eastern Province
- Rest
of Saudi Arabia
Competitive Landscape
Company Profiles: Detailed analysis of the major
companies present in Saudi Arabia Facility
Management Market.
Voice of Customer: Brand Satisfaction Level wrt
Availability, Brand Satisfaction Level wrt Mode of distribution, Brand
Satisfaction Level wrt Pricing, Brand Satisfaction Level wrt Sales service are
the major factors affecting decision related to facilities management for
various users in Saudi Arabia.
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).