Key Findings
The revenue from Integrated Facility Management is expected to more than double in the next five years.
The Facility Management Market in Egypt is expected to witness emergence of both local and global facility management service providers, due to high demand for the services in the future.
The revenue for Facility Management Industry from Outsourced Personnel is expected to increase by 89.75% in the next five years.
Improving Tourism: The government is working on enhancing its tourist destination sites to attract more tourists with an overall focus on improving the economic well-being of the country. The maintenance of these destination sites will lead to higher demand for facility management services in the country. The increase in the number of tourists will lead to the growth in the hospitality sector due to the construction of new hotels to cater to the demand. This will ultimately increase the demand for housekeeping and security services in Egypt.
Growing demand for Integrated Facility Management: The demand for IFM is forecasted to increase in future majorly due to upcoming airport construction projects and increasing MNCs in the country. This will augment the demand for Integrated Services while creating space for more players to enter the facility management market.
Increasing Constructional Activities: The Egyptian real estate market has been highly resilient to the political and economic instability experienced in the country but removal of fuel subsidies and flotation of the Egyptian Pound have led to increasing costs for short term contractors and affecting the overall market. The country is also experiencing rapid urbanization with an aim to reduce income disparity and to uplift the economy. It is expected that the Residential Supply will increase by 55,000 units and the Commercial Office Supply will increase by 76,000 sqm mainly due to the construction activities around New Cairo. The construction of both residential and commercial units will lead to an increase in demand for Facility Management services in Egypt.
Analysts at Ken Research in their latest publication “Egypt Facility Management Market Outlook to 2023- By Soft Services (Housekeeping, Security, Landscaping and Others); Hard Services (Electromechanical and Operational Maintenance, Fire Safety and Security Systems and Civil Maintenance) and By End User Sectors (Industrial, Commercial, Residential and Others)” believe that the facility management market in Egypt will increase owing to growth in real-estate sector, increase in Foreign Direct Investment in the country and upcoming smart city projects. The market is expected to register a positive CAGR of 9.6 % in terms of revenue during the forecasted period 2018-2023E.
Key Segments Covered
By Type of Services
Soft Service
Hard Service
By Type of Soft Service
Housekeeping (including cleaning)
Security
Landscaping
Others
By Type of Hard Service
Electromechanical and Operational Maintenance (including HVAC)
Fire Safety and Security Systems
Civil Maintenance
By Integrated Facility Services, Bundled Services and Single Services
Single Service
Bundled Service
Integrated Facility Management
By Personnel Type
In-house Personnel
Outsourced Personnel
By End User
Industrial
Commercial
Residential
Others
Key Target Audience
Facility Management Companies
Facility Management Solution Providers
Consultancy and Advisory Firms
Real Estate Developers
Construction Companies
Hospitals and Schools
Time Period Captured in the Report:
Historical Period: 2013-2018
Forecast Period: 2019-2023E
Companies Covered:
Contrack FM
Enova
EFS Facilities Management
IFMC – Apleona Group
Egypro-FME
CBRE
JLL
Qeema FM
G4S
Savills
ProService
Encorp Facility Management
Emdad Facility Management
Egypt Service
Key Topics Covered in the Report
Executive Summary
Research Methodology
Market Overview
Market Size, 2018
Market Segmentation, 2018
Trends and Development
Issues and Challenges
Regulatory Framework
SWOT Analysis
Competitive Landscape
Company Profiles of Major Players
Future Outlook and Projections, 2018-2023E
Future Segmentation, 2018 – 2023E
Analyst Recommendations
For more information, refer to below link:
Egypt Facility Management Market Outlook to 2023
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Ken Research
Ankur Gupta, Head Marketing & Communications
+91-9015378249
