KSA Facility Management Market Size, Forecast, Revenue & Outlook to 2026F: Ken Research

The report "KSA Facility Management Market Outlook to 2026F- Driven by the government initiatives to promote Tourism along with Saudi Vision 2030 and infrastructure developments in the country" provides a comprehensive analysis of the Facility management market in KSA. The report covers overview and genesis of the industry, service wise market size; market segmentations; analysis on facility management market; trends and developments, issues and challenges and comparative landscape including market shares of major companies, competition scenario, cross comparison and cost sheet of major market players in KSA. The report concludes with future market projections of each service segmentation and Analyst recommendations to win the Facility Management Market in KSA.

Facility Management Overview:

Although, the pandemic has affected almost all sectors, yet the facility sector was able to withstand the strike in this period. Rise in real estate market with $155 Bn in market share in 2021, also under Vision 2030, the government has introduced several mega projects like NEOM, The Red Sea etc. comprising of many luxury hotels, thus creating a positive impact in terms of boosting tourism and increasing demand in the hospitality sector. Saudi Arabia aspires to become a significant tourist destination by 2030, with tourism capital expenditure estimated to exceed SAR 200 Bn ($54Bn) in the next ten years. All of these different sectors and projects are directly affecting the facility management sector in KSA.

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KSA Facility Management Market Overview:

Demand for facility management services was driven by commercial and real estate expansion, rising awareness among the clients regarding importance of maintenance services for sustainable buildings. The market continues to be attractive because higher competition, leading to greater scrutiny of contracts, contract renewals and customized contracts. Market growth rate was slowed down during covid-19 due to closure of various commercial buildings and restriction but in 2021 industry bounced back with increased demand for cleanliness sanitisation and other services.

KSA Facility Management Segmentations

By Types of Service:

The Facility Management Companies are adopting new technology to automate the various hard and soft services for faster and high-quality service delivery and less reliance of manual labor.

By Types of Soft Service:

Growth in the residential sector as a 23.3% gain in the total value of agreements in 2021, a rise in the hospitality and construction sectors have surged the demand for housekeeping services in the Kingdom.

By Types of Hard Service:

Due to the hot climatic conditions and global warming, the HVAC repair and maintenance segment has expanded at a higher rate in the country.

By Service Type:

An increase in the outsourcing of services has spiked the demand for Integrated services, small scale companies usually opt for single and bundled services, while large scale companies opt for Integrated services.

By End User Sector:

The commercial sector generates the highest demand both for soft and hard services.

In recent years, the Government has started outsourcing the facility management services for airports, hospitals and other infrastructure projects. There was a boom in the residential sector as a result of increased immigration, government effort for affordable housing and cascading effects from an increase in business activities. The industrial sector mostly prefers to employ in-house repair and maintenance services.

By Personnel Type:

Facility management companies are more dependent on hiring outsourced personnel as per project requirement.

To avail the benefits of economy of scale and flexility in permanent workforce, service providers have higher dependence on outsource personnel. Other benefits of outsourcing services are cost effectiveness, easy availability of on demand workers.

Competition Scenario in KSA Facility Management Market

The competition in Facility Management market was observed to be moderately fragmented in KSA. Al Yamama is the market leader owing to most market share and clients. The KSA Facility Management Market also includes other major players like Zahran Operations & Maintenance, Zamil Operations and Maintenance, Almaja G4sl Facility Management and more. Manufacturers are more focused on restoring to cost reduction techniques, mergers and acquisitions and adopting newer technologies to provide greater services.
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Ksa Facility Management Market Future Outlook and Projections

KSA Facility Management Market is expected to grow CAGR ~ in 2016-2026F with robust revenue hike during 2022F-2026F. Rapid real estate development in terms of smart city development, new infrastructure developments, and focus on tourism and hospitality promotion will be 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, government-sponsored affordable housing programs to the poor population.

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Time Period Captured in the Report:

Historical Period: 2016-2021
Forecast Period: 2021-2026F

Companies Covered:

Al Yamama
Aljahrary Overseas
Zahran Operations & Maintenance
Zamil Operations and Maintenance
Almaja G4sl Facility Management
Initial Saudi
Safari
ENOVA
Nesma United
Alborj Facility Managment
Khidmaah
Saudi Emcor (EFS)
Musanadah Facilities Management (MFM) 
El Seif (ESOM)

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Key Topics Covered in the Report

Saudi Arabia Real Estate Market Overview, 2021
Major Real Estate Giga Projects in Saudi Arabia
Saudi Arabia Facility Management Market Ecosystem
Business Cycle, Genesis and Timeline of Saudi Arabia Facility Management Market
Value Chain & Vendor Selection Process of KSA Facility Management Market
Business Acquisition Process in Saudi Arabia Facility Management Market
Saudi Arabia Facility Management Market Size, 2021
Saudi Arabia Facility Management Market Segmentation, 2021
SWOT Analysis of Saudi Arabia Facility Management Market
Key Growth Drivers in Facility Management Market in Saudi Arabia
Trends and Developments in Saudi Arabia Facility Management Market
Major Challenges Faced by the Saudi Arabia Facility Management Market
Competition Framework for Saudi Arabia Facility Management Market
Future Outlook and Projections of the Industry, 2021-2026F
Market Opportunities and Analyst Recommendations

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

https://www.kenresearch.com/manufacturing-and-construction/real-estate/ksa-facility-management-market-outlook-to-2026/596067-97.html

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