GCC Facility Management Market is expected to grow at a CGAR of 8.2% during 2021-2026

The growth of GCC facility management market is accredited to surge in government support to enhance the hospitality sector to boost tourism thus, leading to increase the construction of new hotels. Further, increased demand for facility management services integrated with advanced technology drives the growth of the market. Besides these, rise in number of market players and growing trend of automation of service such as monitoring equipment and surroundings for proper planning, maintaining and scheduling the service, proliferate the growth of facility management market in GCC region in the forecast period.

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Key questions answered in the study
1. What are the current and future trends in GCC Facility Management Market?
2. How the market 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 GCC Facility Management Market?
5. What are the customer orientation, purchase behavior, and expectations from the GCC Facility Management Market service provider across various Countries?

Impact of COVID-19
According to the MarkNtel Advisors’ research report, “GCC Facility Management Market Analysis, 2021”. the GCC facility management market is anticipated to grow at a CAGR of around 8.2% during 2021-26. Due to outbreak of COVID-19 pandemic, the GCC facility management market has witnessed decline in its growth. This was due to huge downfall in the production capacity and supply of raw materials to different sectors such as transportation and real estate industries. Further, reduction in number of working employees has negatively affected the growth of the market. However, as the market resumes, the facility management market is also going to show substantial growth in the near future.

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“GCC Facility Management Market Analysis, 2021” provides comprehensive qualitative and quantitative insights on the market potential, key factors impacting market growth, hotspots and opportunities available for facility management providers across the region. 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.

Qatar Witnesses the Significant Growth
Among all the GCC nations, Qatar is one the leading country in facility management market owing to robust infrastructural development due to host of FIFA world cup 2022 and increased government focus on green building. Further, change in consumer lifestyle and growing awareness regarding the facility management services such as maintenance management, space management, asset management etc. drives the market. Moreover, Qatar is known to be the highest construction spending country, thus, providing the opportunities for the lucrative growth of facility management market in the forecast period as revealed by MarkNtel Advisors’ research report “GCC Facility Management Market Analysis, 2021”.
According to MarkNtel Advisors, the major leading players in the GCC Facility Management market are EMCOR Group Inc., Emrill Services LLC., United Facilities Management, Khidmah LLC, Cofely Besix Facility Management, Kharafi National, Interserve plc, Imdaad LLC, Musanadah Facilities Management Co. Ltd., and Farnek Services LLC.

Market Segmentation:
1. By Type (Hard, Soft, Risk, Administrative)
2. By Service Delivery (Single Service, Bundled, Integrated)
3. By Size (Small Enterprise, Mid-Size Enterprise, Large Enterprise)
4. By End Users (Residential, Commercial, Government, Retail, Education, Healthcare, Hospitality, Others)
5. By Geographic Region (Saudi Arabia, Qatar, UAE, Kuwait, Oman, Bahrain)
6. By Competitors (EMCOR Group Inc., Emrill Services LLC., United Facilities Management, Khidmah LLC, Cofely Besix Facility Management, Kharafi National, Interserve plc, Imdaad LLC, Musanadah Facilities Management Co. Ltd., and Farnek Services LLC)

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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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