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Nigeria Facility Management Services Market Analysis by 2027 | by Service, Application

04-23-2021 03:32 AM CET | Business, Economy, Finances, Banking & Insurance

Press release from: Allied Market Research

/ PR Agency: Allied Market Research
Nigeria Facility Management Services Market

Nigeria Facility Management Services Market

According to a new report published by Allied Market Research, titled, “Nigeria Facility Management Services Market by Service and Application: Opportunity Analysis and Industry Forecast, 2020–2027,” the Nigeria facility management services market was valued at $8.4 billion in 2019, and is projected to reach $12.7 billion by 2027, registering a CAGR of 6.4% from 2020 to 2027. The commercial segment is estimated to generate around three-fourths share of the Nigeria facility management services market during the forecast period.

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Nigeria Facility Management Services Market Analysis by Service (Security, Property, Catering, Cleaning, and Others) and Application (Residential and Commercial (Retail, Government Buildings, Healthcare, Educational, and Others), and Industrial)

The Nigeria facility management services market has witnessed significant growth over the past decade, owing to rise in investments in the construction and public infrastructure industry. In addition, rise in awareness among individuals toward protecting their assets is anticipated to fuel the demand for the Nigeria facility management services market. On the contrary, the uncertain economic conditions in the country is expected to hamper the growth of the market.

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Covid-19 Scenario Analysis

COVID-19 has negatively influenced a variety of construction services, which include consultancy, outsourcing, and manpower support for the building industry. The negative trends in the economy of Nigeria is anticipated to decline growth of the Nigeria facility management services industry. Further, travel prohibitions due to lockdown and unavailability of staff have also affected the demand for facility management services in Nigeria. Moreover, decreased consumer demand and consumption has led to reduction and slowdown of sales of facility management services in Nigeria over the course of the current economic year. Therefore, the Nigeria facility management services market is expected to be negatively affected in 2020.

Key Players

The key companies profiled in the report includeAlpha Mead Group, Briscoe Properties Limited, Cxall Facilities Management, Eko Maintenance, FilmoRealty, Global PFI Group, Grandeur Real-Estate Company, Green Facilities Ltd., Libra Reliance Properties, Provast, Trim Estate & Facility Management Services, and Willco Property Management.

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Contact:
David Correa
Portland, OR, United States
USA/Canada (Toll Free): +1-800-792-5285, +1-503-894-6022, +1-503-446-1141
UK: +44-845-528-1300
Hong Kong: +852-301-84916
India (Pune): +91-20-66346060
Fax: +1(855)550-5975
help@alliedmarketresearch.com

About Us

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 domains.

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