Kuwait Facility Management Market Outlook to 2021 – Growing Retail Industry and Upcoming Infrastructure Projects to Drive Market Growth” provides a comprehensive analysis on the facilities management market in Kuwait. The report covers various aspects such as overall size of Kuwait facilities management market size in terms of revenues, Market segmentation of Kuwait facilities management market on the basis of types of services, by integrated, bundled and single services, Business sectors, In-house & outsourcing, trends and growth drivers of the industry, issue & challenges, market share, and future analysis of the industry and segmentation, government regulatory. The report also covers the competitive landscape of the industry, list of upcoming infrastructure projects. The report serves as a benchmark for every new player which is seeking to enter into facilities management market in Kuwait.
This report helps readers to identify the ongoing trends in the industry and anticipated growth in future depending upon changing industry dynamics in coming years. The report is useful for facilities management companies, integrated facilities management and other stakeholders to align their market centric strategies according to ongoing and expected trends in the future.
Kuwait Facilities Management Market
The facilities management service industry in Kuwait is at nascent stage. The market has witnessed a robust growth over past five years. The facilities management industry has begun growing with the outsourcing of soft services such as cleaning, housekeeping and others in Kuwait Facilities Management is a management discipline that supports and improves core company processes and increases return on investment by result-oriented use of resources, services, and activities, vital to the success of any organization. The developments in the technology have been approaching people to move towards adopting the facilities management.
The market has increased from USD ~ million in 2011 to USD ~ million in 2016, growing at a CAGR of ~% during the period. The major growth driver for the industry during this period was rapid increase in the construction sector of the country. The demand for Facilities management services has also increased owing to the rising requirement of concierge, man-guarding, maintenance and housekeeping services in commercial buildings and shopping complexes and professionalism in the management of all the facilities with increasing regards towards cleanliness. Moreover, growing number of super and hyper markets in the country has also positively impacted the demand for facilities management services in the country.
Market Segmentation
By type of Services: Soft Services market has dominated the facilities management industry in Kuwait with the share of ~% in 2016. Hard services in the country have added a share of ~% in 2016.
By Integrated, Single and bundled services: Single services are the largest contributor in the industry with the share of ~% in the revenues of the industry in 2016. Single Services have separate contracts for specific service, which is placed with specialist providers. Integrated services have contributed a share of ~% in the revenues of the industry. Integrated facilities management services are offering consolidated services from cleaning services to IT management services. Bundled services are the least contributor in the market with the share of ~%.
By Outsourced Personnel & Self Personnel: On the basis of Outsourced personnel & Self personnel, outsourced personnel are the major contributor in the revenues of the industry with the share of ~% in the revenues in 2016. Majority of the companies in the country are outsourcing the services. Cost-efficiency remains the main driver for consideration and implementation of outsourcing initiatives by the companies. Self personnel services have added a share of ~% in the industry.
By Sectors: Retail & Commercial sector has largely dominated the revenues of the industry with the share of ~% in 2016. Retail sector is majorly demanding hard services for air-conditioned shopping complexes, commercial buildings and other publicly accessible and private environments. Hospitality sector has contributed a share of ~% in terms of revenues in 2016. Residential sector has contributed ~% in the revenues in 2016 followed by other industries
Future Potential
Facilities management market will grow at a tremendous rate in coming future. The market will increase at a CAGR of ~% during 2016-2021 to reach at USD ~ million in 2021 owing to the rising commercial and residential space in the country. Growing preferences of population to live in a clean and secure environment which will be professionally managed will boost the demand for facilities management services. Growing Hotel industry in the country will trigger the demand for HVAC services, security, cleaning, housekeeping and other facilities management services.
The market will be largely dominated by single services in coming future. The single services market will contribute a share of ~% in 2021. Rising demand for single services especially from residential sector will drive the market.
Key Topics Covered in the Report:
- Kuwait Facilities Management Market Introduction
- Value Chain Analysis of Kuwait Facilities Management Market
- Kuwait Facilities Management Market Size by Revenue
- Kuwait Facilities Management Market Segmentation (By Soft and Hard Facilities Management Services, By Integrated Facilities Services, Bundled Services and Single Services, By Integrated Facilities Services, Bundled Services and Single Services, By In-house and Outsourcing)
- Kuwait Soft Facilities Management Services Market Segmentation (Housekeeping, Security, Faced Access, and Other Business Support Services)
- Kuwait Hard Facilities Management Services Market Segmentation (Fire and Security Systems, HVAC, Electro-Mechanical, and Operation and Building Maintenance)
- Regulatory Landscape for Kuwait Facilities Management Market
- Trends and Developments in Kuwait Facilities Management Market
- SWOT Analysis of Kuwait Facilities Management Market
- Competitive Landscape of the Kuwait Facilities Management Market
- Market Share of major companies in Kuwait Facilities Management Market
- Future Analysis of the Kuwait Facilities Market
- List of Major Upcoming Infrastructural Projects which are Expected to Drive Facilities Management Market in the Kuwait
- Analyst Recommendation
- Macroeconomic Factors Impacting Kuwait Facilities Management Market
Ken Research
Ankur Gupta, Head Marketing & Communications
ankur [@] kenresearch.com
+91-9015378249
www.kenresearch.com
