Press release
Qatar Facility Management Market Growth, Share, Size, Demand, Strategies and Forecast Analysis 2026: Ken Research
How Qatar Facility Management Market Is Positioned in Market?The concept of Facility Management services in Qatar evolved in the 80's where companies began outsourcing both hard and soft facility services to vendors. This was followed by service integrations in the 90's such as contract management and adoption of computer aided facility management.
Currently, the facility management requirement in the country is emerging which includes energy management, IT services, Property management and outsourcing of government contracts in the form of Public private partnerships (PPP). Qatar Facility Management Market is currently at the growing stage owing to growing trend amongst clients opting for integrated facility management and single services, heavy investment in new technologies.
The Facility Management Market in Qatar reached $~ Mn in 2021 with a CAGR of ~% in 2021 owing to the growth in commercial and residential real estate. The market continues to be attractive because higher competition, leading to greater scrutiny of contracts, contract renewals, customized contracts.
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Qatar Facility Management Market Segmentations
By Type of Services: In the past 5 years' hard services have gained more traction in terms of market demand due to expansion of commercial, tourism and hospitality sector.
By Hard Services: Majorly driven by the hot and humid climatic conditions in the country, made the HVAC segment expand across all sectors and hence demand for electromechanical services.
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By Soft Services: Housekeeping are the largest contributors to the industry, followed by security, landscaping and others.
By End-User Sector: Retail & commercial sector in the country is majorly demanding hard services for mall and others.
Competitive Landscape in Qatar Facility Management Market
The Qatar Facility Management Market is Highly Fragmented with high competition where companies are restoring to cost reduction techniques, mergers and acquisitions and adopting newer technologies to provide greater services. Some of the major players include Emco Qatar, ENGIE Cofely Mannai and Al Asmakh Facilities Management. Companies with Smart Building Technology & Advanced HVAC Technology are identified as clear leaders in the industry. Major parameters on which the competitors in the market compete are Cost, Locations Served, Quality of Service, Maintenance, Technology Adopted, Value Added Services and Sustainability.
By Single, Bundle and Integrated Services: An increase in the outsourcing of services has spiked the demand for Integrated services, as it not only cost efficient, but also provides for better accountability.
For more details @ https://www.kenresearch.com/manufacturing-and-construction/real-estate/qatar-facility-management-market-outlook-to-2026/596018-97.html
What Is the Future of Qatar Facility Management Market?
The demand is expected to grow with a CAGR of ~% on the basis of revenue between 2021P and 2026F. Technological Advancements, Compliance with regulatory and established standards and Educating the Clients and Spreading Awareness is anticipated to drive the Facility Management Market in future.
Key Factors Considered in The Report
Qatar Real Estate Market Overview, 2021
Qatar Facility Management Market Ecosystem
Business Cycle and Genesis of Qatar Facility Management Market
Timeline of Major Players in Qatar Facility Management Market
Value Chain of Qatar Facility Management Market
Business Acquisition Process in Qatar Facility Management Market
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
Market Sizing Analysis of Qatar Facility Management Market, 2021-2026F
By Types of Services and By Single, Bundle and Integrated Services 2026F
By Types of Soft Services and By Types of Hard Services 2026F
Analyst Recommendations and Opportunities in the Market
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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Ken Research is a research based management consulting company. We provide strategic consultancy to aid clients on critical business perspective: strategy, marketing, organization, operations and technology transformation, advanced analytics, corporate finance, mergers & acquisitions and sustainability across all industries and geographies. We provide business intelligence and operational advisory across 300+ verticals underscoring disruptive technologies, emerging business models with precedent analysis and success case studies. Some of top consulting companies and Market leaders seek our intelligence to identify new revenue streams, customer/ vendor paradigm and pain points and due diligence on competition.
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