Nigeria Facility Management Services Market Outlook - 2027 | Growth, Size, Share, Competitive Analysis & Global Research Report
Request for a Premium Sample Report @ https://www.alliedmarketresearch.com/request-sample/6692
The market growth is attributed to the rise in the adoption of facility management services in commercial and industrial applications. The two major areas of Nigeria's facility management services market are industrial and commercial sectors. The commercial sector accounted for the maximum share in the market in 2019, owing to the dominant use of facility management services such as cleaning, security, heating ventilation & air conditioning (HVAC), and electrical services in offices, malls, and government buildings. Further, growth in applications of facility management services in infrastructure projects and residential construction projects are expected to fuel the development of the market. In addition, the facility management market in Nigeria is expected to have a promising future, owing to growth in investments in the infrastructure sector, which involves the construction of new international airports and ports, rail lines, and highways.
Moreover, the development of sectors such as tourism, hospitality, and real estate is also expected to contribute to the economic development of the country. This, in turn, is anticipated to positively influence the demand for facility management services in Nigeria. Conversely, low economic conditions and scarcity of skilled workforce limit the growth of the Nigeria facility management services market.
The novel coronavirus has undesirably affected a variety of facility management services, which include catering, security, plumbing, and electrical amongst others for the building industry. The adverse trends in the Nigerian economy is projected to worsen the growth of the Nigeria facility management services industry. Additionally, travel bans due to lockdown and the absence of a workforce have also influenced the demand for facility management services in Nigeria. In Addition, reduced consumer demand and consumption have led to the decline and stoppage of sales of facility management services in Nigeria during the current economic year. Hence, the facility management services market in Nigeria is anticipated to be adversely affected in 2020.
For Purchase Enquiry @ https://www.alliedmarketresearch.com/purchase-enquiry/6692
On the other hand, growth in investments and incentives by the government for the construction industry and infrastructure sector is anticipated to offer remunerative opportunities for market growth. Further, an increase in investments in commercial infrastructure is expected to create the need for effective facility management solutions such as security, cleaning, and catering. This, in turn, is expected to accelerate the growth of the Nigeria facility management services market. Furthermore, investments in railways, roadways, and airport constructions in the country are anticipated to generate the need for facility management services, thereby leading to market growth.
The Nigeria facility management services market is segmented on the basis of service and application. On the basis of service, it is divided into security, property, catering, cleaning, and others. The property segment is expected to lead the market throughout the forecast period. On the basis of application, the Nigeria facility management services market is divided into industrial, commercial (retail, government buildings, healthcare, educational, and others) and residential. The commercial segment is expected to hold the majority of the market share throughout the forecast period.
The key players profiled in the Nigeria facility management services market report include alpha Mead Group, Briscoe Properties Limited, Call Facilities Management, Eko Maintenance, FilmoRealty, Global PFI Group, Grandeur Real-Estate Company, Green Facilities Ltd., Libra Reliance Properties, Provost, Trim Estate & Facility Management Services, and Willco Property Management.
Key Findings Of The Study
The report provides an extensive analysis of the current and emerging Nigeria facility management services market trends and dynamics.
By application, the commercial segment dominated the Nigeria facility management services market in 2019 and is projected to grow at a CAGR of 6.6% during the forecast period.
By service, the property segment led the Nigeria facility management services market in 2019.
On the basis of commercial application, the retail segment held the largest share in 2019.
The report provides an extensive analysis of the Nigeria facility management services market trends and emerging opportunities of the market.
In-depth Nigeria facility management services market analysis is conducted by constructing estimations for the key segments between 2020 and 2027.
Speak to Our Expert Analyst @ https://www.alliedmarketresearch.com/connect-to-analyst/6692
Portland, OR, United States
USA/Canada (Toll Free): +1-800-792-5285, +1-503-894-6022, +1-503-446-1141
Hong Kong: +852-301-84916
India (Pune): +91-20-66346060
Follow Us on LinkedIn: https://www.linkedin.com/company/allied-market-research
Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of "Market Research Reports" and "Business Intelligence Solutions." AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.
This release was published on openPR.
Permanent link to this press release:
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release Nigeria Facility Management Services Market Outlook - 2027 | Growth, Size, Share, Competitive Analysis & Global Research Report here
News-ID: 2226870 • Views: 404
More Releases from Allied Market Research
Fully Automated Parking Management Systems Market | To Undertake Strapping Growt …
A fully automated parking management system can mechanically park and retrieve a vehicle from the parking space. Fully automated system is used for a vehicle capacity of above 100 cars. The system has become very helpful due to the increase in demand for safe and convenient parking. Additionally, parking system helps in minimizing the hassle one goes through while parking the car. Furthermore, the fully automated parking management system is
Hyper-Converged Infrastructure Market - Global Opportunity Analysis and Industry …
Major growth drivers for the market include several advantages of HCI such as reduced capital expenditure and operational expenditure and disaster recovery capability. Rising concerns for disaster recovery and data protection is significantly driving the hyper-converged infrastructure market growth. The global hyper-converged infrastructure market in 2026 has witnessed significant growth due to its ability to utilize commodity hardware which in turn reduced the Capital Expenditure (CAPEX) and Operational Expenditure (OPEX) significantly.
Light Commercial Vehicle Steel Wheel Market | Future Challenges and Industry Gro …
Wheel is an essential part of a light commercial vehicle, which is required to be strong and able to handle the load of the commercial vehicle as well as the strain caused by the axle. The steel wheel is a circular shaped rim which rotates and transmits the power from the engine for the movement of the vehicle. Additionally, tires are mounted on the rims also known as light commercial
Zero Emission Vehicle Market | Increasing Demand, Current Growth Rate, Outlook a …
Zero emission vehicle (ZEV) is a vehicle that does not emit the tailpipe pollutant from the onboard source of power. These vehicles have significant emission benefits over conventional vehicles, and run on alternate power sources such as battery electricity, natural gas, and solar power. The zero emission vehicle market is still in its nascent stage, and is expected to grow exponentially in the next 1012 years. Download Report Sample (PDF with
More Releases for Nigeria
Nigeria Agriculture Market, Nigeria Agriculture Industry, Nigeria Agriculture Li …
Nigeria Agriculture could be a branch of the economy in Nigeria, providing employment for approximately 35% of the population. It’s the most supply of livelihood for many Nigerians. The Agricultural sector is formed from four sub-sectors: Crop Production, Livestock, Forestry and Fishing. The country could be a leader in varied forms of agricultural production, like palm oil, cocoa beans, pineapple, and sorghum. It’s the biggest producer of sorghum within the world
BLAST FREEZER PRICE IN NIGERIA
Akpo Oyegwa Refrigeration Company Blast freezers are built to coordinate with low temperature chill room and ultra-low temperature freezer room to achieve prompt temperature decreasing to avoid microorganism activity and biological reaction. Akpo Oyegwa Refrigeration Company quality Blast Freezers Meat, fish and poultry can all harbour considerable amounts of bacteria in their fresh, raw form. These bacteria multiply alarmingly quickly over just a few days if left in unsuitable conditions. However, they can
HVAC COMPANIES IN NIGERIA
AKPO OYEGWA REFRIGERATION COMPANY Whether your project is a new build or you are updating an existing building. AKPO OYEGWA REFRIGERATION COMPANY is a full service commercial and industrial HVAC mechanical service contractor with office in Lagos State, Nigeria. With in-depth industry relevant experience AKPO OYEGWA REFRIGERATION COMPANY mechanical services team specialises in offering custom solutions and installations of both commercial and industrial HVAC systems. As an expert full service HVAC contractor
Promotion - Webcore Nigeria
Webcore Nigeria is passionate about using the power of the Internet to grow any business. Webcore Nigeria can assist you by doing all the social media promotion on your behalf. Choose and order the service you need. Webcore Nigeria provide fast delivery time, so with just a few clicks you will be able to start receiving online promotions. Facts about Webcore Nigeria: Nigerian owned and operated
Air conditioning Contractors in Nigeria.
Akpo Oyegwa Refrigeration Company is a professional Air conditioning / Refrigeration contractor operating in Nigeria. They been providing high quality services for residential and commercial customers for over 35 years. All these gathered experience and skill are sufficient to declare Akpo Oyegwa Refrigeration Company as the leading Air conditioning contractor in the country. They are the preferable choice when it comes to air conditioning supply, repair, maintenance and installation. Join the
SOCIAL MEDIA MARKETING IN NIGERIA BY WEBCORE NIGERIA
Webcore Nigeria social media marketing. Webcore Nigeria is a leading digital marketing agency in Nigeria that operates using e-commerce. Webcore Nigeria supports brands with different aspects of their social media marketing strategy by organizing paid social advertising, influencer marketing, publish press releases, social media page verification and more. Webcore Nigeria is a full-service digital marketing organization. Webcore has been providing a wide variety of services to clients of all industries since 2016. Webcore