Published: November 2020 | Report Code: PE11387 | Available Format: PDF | Pages: 123
Valued at $4,613.0 million in 2019, the Qatar facility management market size is projected to demonstrate a CAGR of 16.4% during the forecast period (2020–2030). The upcoming FIFA World Cup 2022 in Qatar and the Qatar National Vision 2030 are boosting the Qatar facility management industry.
The COVID-19 pandemic has created a significant impact on Qatar’s economic conditions, owing to a reduction in the growth rate due to a halt in various operations. Additionally, an increase in public borrowings and rise of unemployment owing to the outbreak have resulted in a reduction in the consumer spending on these services, which has negatively affected the facility management market in Qatar.
In 2019, the property services category generated the highest revenue in the Qatar facility management market, on the basis of service. The country is witnessing a boom in its construction industry owing to the upcoming mega events and the Qatar National Vision 2030, which are creating a huge demand for property management services in order to cater to the needs of the newly constructed buildings in the country.
The property services category is sub-categorized into heating, ventilation, and air conditioning (HVAC) maintenance, mechanical & electrical maintenance, and others. Among these, HVAC maintenance accounted for the largest market size in 2019, which can be attributed to the extreme climatic conditions in the country resulting in the high dependence of commercial buildings on HVAC systems, which require regular maintenance.
The commercial category, based on end user, is projected to witness the fastest growth in the Qatar facility management market. This can primarily be ascribed to the increasing need for attractive and clean facilities for increasing the footfall of tourists and locals. Additionally, the increasing awareness among end users regarding commercial building management, to optimize the operational expenditure, is fueling the demand for facility management services in Qatar.
In terms of the mode of service, the facility management market in Qatar is bifurcated into in-house and outsourced services, of which in 2019, the outsourced mode of service held the larger revenue share. Outsourced services provide integral support to businesses by maximizing the return on investment and establishing long-term competitive advantages for end users in the market, owing to which they are highly preferred.
The outsourced services category has been further sub-categorized into integrated, bundled, and single services. Among these, the integrated services category is expected to demonstrate the fastest growth during the forecast period. A large number of commercial and industrial units are offloading their non-core tasks, such as facility management services, and outsourcing this work to integrated service providers. This is resulting in increasing business opportunities for integrated service providers.
During the forecast period, the soft services category is expected to generated the highest revenue, on the basis of type. This would be owing to the increasing demand for cleaning services, which ensure high standards of cleanliness, hygiene, safety, and customer service. With the rise in the standard of living and increase in the consumer spending, the soft service demand is projected to surge, in turn, boosting the Qatar facility management market.
Qatar is gearing up for massive infrastructure developments and challenges on account of the upcoming FIFA World Cup 2022 and the Qatar National Vision 2030. With the growing facility management industry, companies in this field are becoming active and keeping track of the developments here. The increasing demand for facility services is attributed to the steady development of commercial and residential properties in the country. As new towers, buildings, stadia, malls, and other structures are being constructed in the country, the Qatar facility management market is expected to witness exponential growth in the coming years.
In order to promote, educate, and empower facility service providers in the area of sustainable practices, a new initiative was launched in the country. Under this initiative, the Facility Management Interest Group was set up by the Qatar Green Building Council (QGBC) and the Middle East Facility Management Association (MEFMA), as a platform where the best practices related to facility services can be shared. The QGBC’s main goal is to raise awareness and understanding on sustainability and green buildings in Qatar, by establishing close ties with organizations operating in the industry. Such factors are expected to propel the market in the country during the forecast period.
The major trend being observed in the market is the increasing awareness regarding the protection of assets. For any organization, its facilities are its assets that support its primary business. Companies are becoming aware of the importance of asset protection, as assets entail a huge investment, thus impelling them to invest in these services. Asset protection involves achieving the investor’s profitability objectives, as well as minimizing the capital expenditure on the assets. Thus, facility-service-providing companies managing multiple assets are focusing on integrating sustainable environment, infrastructure, technology, real estate, and people to achieve maximum efficiency.
The upcoming FIFA World Cup 2022, which is to be held in the country, is one of the major factors on account of which the market is expected to witness growth. The overall spending over a wide range of infrastructure projects, to host the world cup, is estimated at around $220 billion. On an average, over 10.0% of Qatar’s annual national output on building infrastructure is being spent to host the event. Additionally, the country has revealed plans to build a 40,000-seat modular arena for the same, which will include seats, concession stands, bathrooms, shops, and other facilities. Such developments are likely to increase the requirement for facility management services, in turn, driving the market growth.
The Qatar National Vision 2030 is another of the major drivers that are expected to propel the growth of the facility service industry in Qatar. The initiative was launched in 2008 by the Qatari government to boost its economic growth. It is based on four key pillars: human development, social development, economic development, and environment development. The national vision aims to develop the country by reducing its economic dependency on the oil and gas industry and enhancing other sectors, such as infrastructure and tourism.
The vision is laying the foundation for rapid infrastructure development and investments to achieve its aim. The vision will offer wide areas of opportunities for the growth of the facility management market in Qatar in the coming years.
|Base Year (2019) Market Size||$4,613.0 million|
|Forecast Period (2020-2030) CAGR||16.4%|
|Report Coverage||Market dynamics, revenue estimation and forecast, segmentation analysis, companies’ strategic developments, competitive benchmarking, Porters five forces analysis, company profiling|
|Market Size by Segments||Service, end user, mode, type|
|Secondary Sources and References (Partial List)||Atlanta Chapter of the International Facility Management Association, Centers for Disease Control and Prevention, Environmental Protection Agency, European Facility Management Network, Facility Management Association of Australia, Federal Emergency Management Agency, Federation Internationale de Football Association (FIFA), Global Facility Management Association, Governmental Housing and Buildings Department, HK International Facility Management Association, International Facility Management Association, International Labour Organization|
The Qatar facility management market has several players involved, which include Darwish Interserve Facility Management W.L.L., CBM Qatar L.L.C., AKTOR Qatar W.L.L., and Mosanada Facilities Management Services.
In recent years, players in the industry have focused strongly on winning contracts in order to stay ahead of their competitors. For instance:
The report offers comprehensive market segmentation analysis along with market estimation for the period 2014–2030.
Based on Service
Based on End User
Based on Mode
Based on Type
The Qatar facility management market will experience a CAGR of 16.4% between 2020 and 2030.
The highest demand for services in the Qatar facility management industry comes from commercial end users.
Steps to protect assets are the key Qatar facility management market trend as assets require huge capital investments, which is why end users are doing more to keep them in prime condition.
The Qatar facility management market is growing due to large-scale infrastructure development in the country.
The COVID-19 pandemic is impacting the Qatar facility management industry negatively.
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