Qatar Facility Management Market Outlook to 2026F: Ken Research

Qatar Facility Management Market is expected to generate ~$950 Mn by 2026F, owing to increasing infrastructural growth and technology: Ken Research

Rapid real estate development in terms of smart city development, new infrastructure developments, and focus on tourism and hospitality promotion are the supporting factor for commercial facility management services revenue.
Residential units would be a major booming segment to focus on due to the rising younger population, ex-pats, and government-sponsored affordable housing programs to the poor population.
The next 5 years would witness the entry of many new companies in the industry especially real estate developers and international players with more advanced technology assisted service delivery.
Technological Advancement: Technologies such as IOT, Artificial intelligence, building information modeling (BIM), cloud computing, biometric systems and motion detection are being implemented at service locations. Focus on indoor thermal comfort by improving air movement mechanisms in air conditioned and naturally ventilated buildings, which leads to increased productivity at workplaces.

Sustainability: There has been an increase in the awareness for green buildings and environmental services resulting from strong support from the regulatory bodies.

Keeping in mind environmental issues, comfort and rising labor costs, assets are gradually becoming "smart", enabling various components to interact with each other, in order to achieve the desired output.

Qatar Vision 2030: In addition to transport projects, the government aims to rapidly expand tourism, education, and real estate, facility management market would experience considerable growth. Some of the major construction projects underway in this regard are Sheraton Park, Western Green Spine in Doha, Sidra Medical Research Centre, and Education City.

FIFA 2022: The country will host the 2022 FIFA World Cup, which is another key factor propelling construction and infrastructure development activities in Qatar. Personnel requirements for housekeeping, cleaning and other soft services are expected to increase with a greater number of people visiting the country for the event.

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Analysts at Ken Research in their latest publication "Qatar Facility Management Market Outlook to 2026F- Driven by Rising End-Users Awareness, Improving Technology and Government's Strong Initiatives regarding Infrastructure" by Ken Research observed that Facility Management Market Outlook in Qatar is a growing market owing to increasing trend towards adopting sustainable practices. The rising Facility Management consciousness among the population and business owners, along with increasing infrastructural growth and technology, expansion of their operation, implementation of favourable government rules & regulations is expected to contribute to the market growth over the forecast period. The market is expected to grow at a 10.7% CAGR during 2021-2026F owing to increasing infrastructural growth and technology adoption.

Key Segments Covered

Qatar Facility Management:

By Types of Services:
Hard Services
Soft services
By Hard Services:
Electromechanical Services (including HVAC)
Operations and Maintenance Services
Fire Safety and Security Systems
By Soft Services:
Housekeeping (including Cleaning)
Security
Landscaping
Others
By Integrated Facility Services, Bundled Services and Single Services:
Bundled services
Single services
Integrated facility management (IFM)
By End User Sectors:
Commercial (Includes Offices, retail, infrastructural)
Industrial
Residential
By Personnel:
In-House Personnel
Outsourced Personnel
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Key Target Audience

Real Estate Companies

Hospitality Sector

Individual Facility Users

Business Owners

Government

Facility Management Associations

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Time Period Captured in the Report:

Historical Year: 2016-2021
Base Year: 2021
Forecast Period: 2022- 2026F
Companies Covered:

Emco Qatar
Facilities Management & Maintenance Company, L.L.C.
Mosanada Facilities Management Services
ENGIE Cofely Mannai
Al Asmakh Facilities Management
Key Topics Covered in the Report

Qatar Real Estate Market Overview, 2021
Qatar Facility Management Market Ecosystem
Business Cycle and Genesis of Qatar Facility Management Market
Value Chain of Qatar Facility Management Market
Business Acquisition Process in Qatar Facility Management Market
Market Sizing Analysis of Qatar Facility Management Market, 2016-2021
Key Market Segmentations, 2021 (By Types of Services, By Single, Bundle and Integrated Services 2026F, By Types of Soft Services, By Types of Hard Services, By End-Users Sector and by Personnel Type Services)
SWOT Analysis of Qatar Facility Management Market
Key Growth Drivers in Facility Management Market in Qatar
Trends and Developments in Qatar Facility Management Market
Major Challenges Faced by the Qatar Facility Management Market
Qatar Facility Management Market Major Technological Trends, 2021
Competition Scenario in Qatar Facility Management Market
Cross Comparison of Major Players in Qatar Facility Management Market
Future Outlook of Qatar Facility Management Market, 2021-2026F
Future Outlook of Market Segmentations, 2026F (By Types of Services, By Single, Bundle and Integrated Services 2026F, By Types of Soft Services, By Types of Hard Services, By End-Users Sector and by Personnel Type Services)
Analyst Recommendations

For more information on the research report, refer to below link:

https://www.kenresearch.com/manufacturing-and-construction/real-estate/qatar-facility-management-market-outlook-to-2026/596018-97.html

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