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.
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.
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.
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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.
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
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