Press release
Kuwait Facility Management Market Segmentation, Analysis, Forecast, End-Use, Business Prospects For Companies Like Kharafi National, O&G Engineering W.L.L, EcovertFM Kuwait, Al Mazaya Holding Company, Al-Awsat United Real Estate Co., R&E Petroleum Co
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On the basis of service, the Kuwait facility management market is segmented into property services, cleaning services, security services, catering services, support services, environmental management services, and other services. Other services include reception staffing, utility management, furniture supplies, and contract management.
The Kuwait facility management market is categorized into in-house and outsourced. In-house was the larger category with an estimated contribution of more than 75.0% in the facility management market of Kuwait in 2017. The leading position of in-house mode is attributed to its long-standing presence, comparatively low cost, and high adoption rate.
Property services is expected to be the largest category with an estimated contribution of more than 25% in the facility management market of Kuwait in 2017. Property services offer several benefits such as ensuring short vacancy cycles, rent collection, better tenant retention, assistance with taxes, and various others. Owing to such benefits, the demand for this service type is growing in Kuwait.
The commercial sector was the largest end user, with an estimated contribution of more than 40.0% in the Kuwait facility management market in 2017. This sector is showing increased demand for these services, owing to increase in awareness among end users to optimize expenditure on commercial building management.
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Some of the major players operating in the facility management in Kuwait are Kharafi National, O&G Engineering W.L.L, Fawaz Refrigeration & Air Conditioning Company, EcovertFM Kuwait, Al Mazaya Holding Company, Al-Awsat United Real Estate Co., R&E Petroleum Co., Refrigeration Industries & Storage Company, PIMCO, and United Facilities Management.
KUWAIT FACILITY MANAGEMENT MARKET SEGMENTATION
By Service
Property
Cleaning
Security
Catering
Support
Environmental Management
Others
By End User
Commercial
Residential
Industrial
By Mode
In-House
Outsourced
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