DUBLIN, March 03, 2022–(BUSINESS WIRE)–The “UAE Facility Management Market, by Organized Vs Unorganized (Organized, Unorganized), By Outsource Vs Inhouse (Outsource, Inhouse), By Service, By Application, By Region, Competition Forecast & Opportunities, 2016-2026” report has been added to ResearchAndMarkets.com’s offering.
The UAE Facility Management Market stood at USD14.33 billion in 2020 and is forecast to grow at a CAGR of over 9.55% until 2026.
Growth in the facility management market is driven by growth in real estate sector, sustainable smart cities development and demand for improved facility services. Furthermore, facility management industry is benefiting from sustainable smart city projects by implementing automation and enhanced data driven technologies.
Additionally, integration of innovation, technology and upskilling in facility services is expected to positively influence the UAE Facility Management Market in the coming years.
Based on services, the market is segmented into property, cleaning, security, catering, support and others. Property services dominated the market in 2020 and is expected to maintain its market dominance during the forecast period, backed by growth in the country’s industrial and commercial sectors.
Property management includes building maintenance, ground maintenance, environmental management and damage control, etc. which ensures effective maintenance of buildings and other structural frameworks. Growth in the country’s industrial and commercial sectors, coupled with easy credit conditions, increasing purchasing power parity and booming housing sector are expected to boost demand for property services.
Commercial segment was the largest contributing segment by application in 2020 and is expected to maintain its market dominance during the forecast period owing to the rapid infrastructure development, rising demand from hotels, retail outlets, malls and office buildings in the country.
Dubai accounts for most of the development projects being undertaken in the country’s commercial sector. Moreover, the hosting of Dubai Expo 2020 will require substantial investments from the Dubai government across range of infrastructure and related commercial projects which will further increase the demand for facility management services in the commercial sector.
Based on region, Dubai held the largest share in the UAE Facility Management Market in 2020 and is expected to maintain the market dominance during the forecast period.
Growth of Dubai region is mainly due to increased investments from the government and is expected to positively influence the demand for facility management in this region. Furthermore, improvement in tourism activities in this region post pandemic is expected to contribute to the growth in hotel industry, thereby creating ample demand for facility management services.
Some of the major players in the UAE Facility Management Market include Emrill Services LLC, Farnek Services LLC, EFS Facilities Services Group, Khidmah LLC, Imdaad LLC, Eltizam Asset Management Group, MAB Facilities Management L.L.C, Deyaar Facilities Management LLC, Idama Facilities Management Solutions, Enova Facilities Management Services LLC, among others.
Objective of the Study:
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The primary objective of the study is to understand and gain insights about the UAE Facility Management Market by value and its segmental analysis by organized Vs unorganized, by outsource Vs in-house, by service, by application, by region from 2016-2026.
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To analyze historical growth in market size of the UAE Facility Management Market from 2016 to 2020.
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To estimate and forecast the market size of the UAE Facility Management Market from 2021 to 2026 and growth rate until 2026.
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To project the size of the UAE Facility Management Market, in terms of value, with respect to key services such as property, cleaning, security, catering, support and others.
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To understand the regional market structure of the UAE Facility Management Market, which is segmented into regions, namely – Dubai, Abu-Dhabi, Sharjah and Other Emirates.
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To identify the detailed information about the prime factors affecting the UAE Facility Management Market.
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To evaluate competitive pricing, average market selling prices and margins in the UAE Facility Management Market.
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To examine competitive developments such as new services, new entrants, government policy and investments in the UAE Facility Management Market.
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To strategically profile the leading players in the market which are involved in facility management in UAE.
Report Scope:
Years considered for this report:
UAE Facility Management Market, By Organized Vs Unorganized
UAE Facility Management Market, By Outsource Vs Inhouse
UAE Facility Management Market, By Service:
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Property
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Cleaning
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Security
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Catering
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Support
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Others
UAE Facility Management Market, By Application:
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Commercial
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Residential
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Industrial
UAE Facility Management Market, By Region:
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Dubai
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Abu-Dhabi
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Sharjah
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Other Emirates
For more information about this report visit https://www.researchandmarkets.com/r/fx42oc
View source version on businesswire.com: https://www.businesswire.com/news/home/20220303005482/en/
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Read More:UAE $14.33 Billion Facility Management Markets, Competition Forecast & Opportunities, 2026
2022-03-03 09:26:00
