Kuwait Facility Management Market: Market Segments: By Service (Property [HVAC Maintenance, Mechanical & Electrical Maintenance], Cleaning, Security, Catering, Support, Environmental Management and Other Services); By End User (Commercial, Residential & Industrial) By Mode (In-House & Outsourced [Integrated, Bundled, Single]); By Type (Hard, Soft and Others); and Region – Analysis of Market Size, Share & Trends for 2014 – 2019 and Forecasts to 2030
Facility Management has become one of the influential sectors yearning for maximum recognition for a long period of time. The development began about a few decades ago when end-users considered the option of outsourcing the operation, maintenance, and other non-core activities related to the facility to a professional company that formed a new industry called FM.
Kuwait Facility Management Market is expected to project a notable CAGR of XX.X% in 2030.
Kuwait Facility Management Market to surpass USD XXXX million by 2030 from USD XXXX million in 2018 at a CAGR of XX% throughout the forecast period, i.e. 2019-30. Growth in the country’s market is driven by the increasing use of facility management services in commercial buildings, residential construction projects, infrastructure projects, and industrial projects.
Kuwait Facility Management Market: Segments
Catering and Support Services Segment to grow with the highest CAGR of XX.X% during 2019-30
Kuwait Facility Management Market is segmented by service into property services, cleaning services, security services, catering services, support services, environmental management services, and other services. Cleaning services segment accounted for the larger market share in 2019 and is expected to be the fastest growing category during the forecast period owing to their growing demand in the country’s hospitality and service industries.
Kuwait Facility Management Market: Market Dynamics
Growing hospitality industry in the country
The country’s rising hospitality industry and increasing investment in upcoming infrastructure projects are the key drivers that are expected to propel the Kuwaiti facility management sector to expand. Kuwait’s increasing real estate industry and the young people’s per capita income are also leading to high-quality residential options, resulting in increased demand for companies to operate these facilities.
Lack of competent professional resources
The main constraint in the Kuwaiti facility management sector is the lack of qualified technical resources. As facility management is a labor-intensive industry, the recruitment of professional workers is a challenge for service providers. This complicates the work of these firms, as their programs are entirely workforce-based.
Kuwait Facility Management Market: Key Players
• EMCOR Group Inc
o Company Overview
o Business Strategy
o Key Product Offerings
o Financial Performance
o Key Performance Indicators
o Risk Analysis
o Recent Development
o Regional Presence
o SWOT Analysis
• Khidmah LLC
• Interserve plc.
• Musanadah Facilities Management Co. Ltd
• Emrill Services LLC
• Cofely Besix Facility Management
• Imdaad LLC
• United Facilities Management
• Farnek Services LLC
• Kharafi National
Kuwait Facility Management Market report also contains analysis on:
Kuwait Facility Management Market Segments:
• Property services
o HVAC maintenance services
o Mechanical and electrical maintenance services
o Other services
• Cleaning services
• Security services
• Catering services
• Support services
• Environmental management services
• Other services
By End User:
• Kuwait Facility Management Market Dynamics
• Kuwait Facility Management Market Size
• Supply & Demand
• Current Trends/Issues/Challenges
• Competition & Companies Involved in the Market
• Value Chain of the Market
• Market Drivers and Restraints