Rising Government Initiatives in Residential Construction and Industrial Projects Leading to the Kuwait Facility Management Market Growth

The Kuwait Facility management (FM) market is projected to grow at a significant rate owing to the major factors such as burgeoning number of applications of FM services in commercial buildings, rising government initiatives in residential construction and industrial projects, and a flourishing tourism sector which would further fuel the demand for services in hospitality industry. Moreover, the growing technological advancement with regard to cloud-based digital platforms, escalating inclination toward energy efficient green buildings, and rolling out new infrastructural projects are projected to lead to a positive impact toward the growth of the market in the forecast period. However, the introduction of integrated facilities management (IFM) delivery in Kuwait is anticipated to upsurge the growth of the overall market.

According to MarkNtel Advisors’ research report titled “Kuwait Facility Management Market Analysis, 2020”, the Kuwait Facility Management market is anticipated to grow at a CAGR of 8% during 2020-25. Based on Operating Model, the in-house mode of service dominated the market in 2019 on account of its high adoption rate, low cost, and majority number of market players using the in-house facility management to operate through internal facility management team by taking care of regular maintenance of their properties.

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“Kuwait Facility Management Market Analysis, 2020” provides comprehensive qualitative and quantitative insights on the industry potential, key factors impacting sales and purchase decisions, hotspots, and growth opportunities available for Facility Management providers across the country. Moreover, the report also encompasses the key strategic imperatives for success for competitors along with strategic factorial indexing measuring competitor's capabilities on 16 parameters. This will help companies in the formulation of Go to Market Strategies and identifying the blue ocean for its offerings

Hard Segment Acquired the Majority Market Share
Based on Type of Service, Hard services acquired the majority share in the Kuwait Facility management market in 2019. The growth of the segment is attributed to burgeoning demand for hard services such as HVAC maintenance services, mechanical services, and lift management services in the verticals such as commercial, industrial, and residential units and extensive government investment in new infrastructure and social housing projects. Moreover, increasing private investments in other sectors such as tourism, hospitality, and construction is expected to boost the market growth of the Facility Management in the forthcoming period as stated by the MarkNtel Advisors’ research report “Kuwait Facility Management Market Analysis, 2020”.

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According to MarkNtel Advisors, the key players with a considerable market share in the Kuwait Facility Management market are United Facilities Management (UFM), EFS Facilities Services, Al Mazaya Holding Company, Tanzifco, Kharafi National, Fawaz Group, etc.

Market Segmentation:
1. By Type of Service (Hard, Soft, Risk, Administrative)
2. By Operating Model (In-house, Outsourced)
3. By Service Delivery (Bundled, Integrated, Single Service)
4. By Enterprise (Small, Medium, Large)
5. By End-User (Residential, Commercial, Government, Retail, Education, Healthcare, Hospitality, Others)
6. By Country (Al Asimah, Al Farwaniya, Hawalli, Al Ahmadi, Al Jahra),
7. By Company (United Facilities Management (UFM), EFS Facilities Services, Al Mazaya Holding Company, Tanzifco, Kharafi National, Fawaz Group, etc.)

Key questions answered in the study
1. What are the current and future trends of the Facility Management industry?
2. How the industry has been evolving in terms of end-user demand and application areas?
3. How the competition has been shaping across the countries followed by their comparative factorial indexing?
4. What are the key growth drivers and challenges for the Facility Management industry?
5. What is the customer orientation, purchase behavior, and expectations from the Facility Management firms across various regions?

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MarkNtel Advisors is a leading research, consulting and data analytics firm that provides a wide range of strategic reports on diverse industry verticals to a substantial and varied client base that includes multinational corporations, financial institutions, governments, and individuals.

We specialize in niche industries and emerging geographies to support our clients in the formulation of strategies viz. Go to Market (GTM), product development, feasibility analysis, project scoping, market segmentation, competitive benchmarking, market sizing & forecasting, trend analysis, etc. in around 15 industry verticals to enable our clients in identifying attractive investment opportunities and maximizing ROI through an early mover advantage

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