Qatar Facility Management Market Trends, Advancement, Growth and Business Opportunities 2022 to 2030

The biggest reason behind the growth of the Qatar facility management market is the rapid scale at which infrastructure is being constructed in the country, in preparations for the FIFA World Cup 2022 and as part of its National Vision 2030. Therefore, a robust 17.3% CAGR will take the revenue of the market to $22,268.2 million in 2030 from $5,285.1 million in 2021. Facility management includes a lot of services that help maintain built structures, such as residential units, commercial spaces, and industrial facilities, in optimum working condition.

Among the various services available with Qatar facility management market players, property services generate the highest revenue. This is because they are essential for the normal functioning of buildings, as they include electrical and mechanical maintenance and HVAC maintenance. Moreover, compared to other facility management services, they are of a critical nature and provided by skilled technicians, which is why they cost more. Similarly, owing to the rising awareness on hygiene, the demand for cleaning services is set to witness the highest CAGR in the coming years.

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The commercial category dominates the end user segment of the market, and it is projected to continue doing so in the near future. Since commercial spaces host a lot of people every day, they require extensive facility management. Moreover, a good-looking property and one that has everything in order also attracts tenants, which is another reason commercial spaces, such as hotels, stadia, educational institutions, and shopping malls, require regular facility management. Similarly, it is imperative for healthcare facilities to be clean and have their key systems in working condition.

The Qatar facility management market is primarily driven by the rampant infrastructure development in the country. Much of it is being done to diversify the economy under the National Vision 2030. Currently, Qatar depends on the oil trade, which has been facing challenges due to the worldwide calls for sustainability and eco-friendliness. Hence, the expected decrease in the consumption of petroleum products in the coming years has prompted Qatar to boost other economic sectors, such as manufacturing, tourism, healthcare, and hospitality.

Qatar aims to have the transportation, logistics, healthcare, sports, environment, and other sectors generate at least $11 billion out of its $275 billion nominal GDP by the end of this year itself. The key infrastructure projects undertaken to boost these sectors include Sheraton Park, Western Green Spine in Doha, Sidra Medical Research Centre, and Education City. Once these projects are complete, they will generate a huge demand for facility management, since they will host guests every day.

Another factor driving the Qatar facility management market is the FIFA World Cup 2022, which is scheduled for October-November. In preparations, many new stadia, commercial centers, and hotels have been constructed and many are nearing completion. A total spending of around $220 billion in such infrastructure hints at a lucrative growth potential for the market, because the facilities will be in use for as long as they exist.

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In regards to infra development, a big trend in the Qatar facility management market is green buildings. Due to the surging concerns related to GHG emissions and the need to reduce the consumption of oil and gas to produce energy, green, or net-zero energy buildings, are being increasingly constructed in the country. These spaces have onsite solar and wind power infrastructure, and they do not consume any energy that has not been produced on the site.

Hence, with Qatar ramping up its infrastructure, it offers lucrative opportunities to entities providing facility management services.

Browse more related reports:

Global Facility Management Market Report - https://www.psmarketresearch.com/market-analysis/facility-management-market

GCC Facility Management Market Report - https://www.psmarketresearch.com/market-analysis/gcc-facility-management-market

Kuwait Facility Management Market Report - https://www.psmarketresearch.com/market-analysis/kuwait-facility-management-market

U.A.E. Facility Management Market Report - https://www.psmarketresearch.com/market-analysis/uae-facility-management-market

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