The U.A.E. facility management market is projected to reach $23,882.3 million by 2024, advancing at a CAGR of 9.8% during the forecast period. The growth of the market is mainly driven by the expansion of the tourism industry and increase in investments in the construction sector of the country, according to P&S Intelligence.
Facility management refers to professional services covering multiple disciplines, in a bid to ensure the functionality of the built structures through the integration of people, processes, and technologies. In brief, these are support services (such as cleaning, security, and catering) provided to companies for their smooth operations.
Insights on market segments
On the basis of service, the U.A.E. facility management market is categorized into property, cleaning, security, catering, support, environment management, and other services. Of these, property management was the largest service area in the U.A.E. during the historical period, accounting for more than 25.0% market share in 2018.
Property services offer several benefits, such as synchronization of various property-related services, optimization of individual service components, and improvement in the management of properties. Owing to such benefits, the demand for property services is growing in the country, which, in turn, is driving the growth of the U.A.E. facility management market.
Commercial sector was the largest end user in the U.A.E. facility management market, with a contribution of more than 35.0% revenue in 2018. The demand for facility management services is growing in the commercial sector, owing to the increase in the awareness of end users about optimizing the expenditure on commercial building management. Moreover, during the forecast period, the market is expected to witness the fastest growth in the commercial category.
In terms of the mode of service, the U.A.E. facility management market is categorized into in-house and outsourced services. Between the two, the in-house category held the larger market share, accounting for more than 50.0%, in 2018. This can be mainly ascribed to the long-standing presence, high adoption rate, and comparatively low cost of in-house services.
Upcoming infrastructure projects providing lucrative opportunity to market players
The U.A.E. government is striving to redefine tourist attractions in the country to offer visitors an experience of a lifetime. Some of the major projects underway are Bluewaters Island, Dubai Creek Harbor, Dubai Water Canal, and theme parks. The majority of these attractions are set to be completed before 2020, when the country will host Dubai Expo. These upcoming mega projects and events are creating a heavy demand for facility management services, thus providing growth opportunities to the service providers in the U.A.E. facility management market.
Browse report overview with 39 tables and 22 figures spread through 91 pages and detailed TOC on "U.A.E. Facility Management Market Research Report: By Service (Property, Cleaning, Security, Catering, Support, Environmental Management) , End User (Commercial, Residential, Industrial), Mode (In-house, outsourced), type (Hard, Soft) – Industry Analysis and Forecast to 2024" at:https://www.psmarketresearch.com/market-analysis/uae-facility-management-market
Some of the major players operating in the U.A.E. facility management market are Emrill Services LLC, Imdaad LLC, Farnek Services LLC, Cofely Besix Facility Management, Al Shirawi Facilities Management LLC, Etisalat Facilities Management LLC, Transguard Group LLC, Blue Diamond Facilities Management LLC, Reliance Facilities Management, and Deyaar Development PJSC.
U.A.E. FACILITY MANAGEMENT MARKET SEGMENTATION
Market Segmentation by Service
Market Segmentation by End User
Market Segmentation by Mode
Market Segmentation by Type