UAE Facility Management Market Overview The UAE facility management market is expected to reach USD XXXX million by 2026 from USD XXXX million in 202
UAE Facility Management Market Overview
The UAE facility management market is expected to reach USD XXXX million by 2026 from USD XXXX million in 2020, at a CAGR of XXXX%. The increase in the number of commercial and residential buildings, coupled with the implementation of stringent government regulations related to energy efficiency and environmental sustainability, is expected to drive the growth of the facility management market in UAE.
The services segment is expected to grow at the highest CAGR XXXX% during the forecast period owing to the increase in demand for these services from end-use industries such as healthcare, hospitality, and retail. The rising awareness about the benefits of outsourcing non-core activities is also expected to boost the growth of this segment.
The healthcare segment is expected to be the largest contributor to the UAE facility management market during 2020–2026. This can be attributed to factors such as an increase in government initiatives related to healthcare facilities and rising health consciousness among people.
Some of the major players operating in this market are Emrill Services LLC (UAE), Farnek Avireal (UAE), Imdaad LLC (UAE), Ingensa Services LLC (UAE), ISS World (Denmark), JLL MEA (UAE), KEO International Consultants (Kuwait), Mace Macro (UAE), Nalcomis Facilities Management Co. WLL (Bahrain), Parsons Corporation (US), Secom plc. (Japan). These players have adopted various strategies such as partnerships, expansions,
UAE Facility Management Market Growth And Forecast
The UAE facility management market is projected to grow at a CAGR of XXXX% during the forecast period (2019-2024).
The increasing number of construction projects, particularly in the residential and commercial sectors, is one of the key factors driving the growth of the UAE facility management market. The growing tourism sector is also contributing to the market growth. Moreover, the government initiatives to develop smart cities are expected to create lucrative opportunities for the market players operating in the UAE facility management market.
The report provides an in-depth analysis of the UAE facility management market and offers current and future trends to elucidate the imminent investment pockets.
The report provides an overview of the UAE facility management market and offers detailed information on its growth prospects over the next five years. It further analyzes key factors such as Porter’s Five Forces model, which would shape up competition intensity over time; regulatory framework governing FM activities; value chain dynamics; technology landscape; etc., that have a bearing on sustainable development of this industry vertical.
UAE Facility Management Industry Trends
The UAE facility management industry is currently growing at a rapid pace. A number of factors are driving this growth, including the increasing construction of new commercial and residential buildings, the need for better management of existing buildings, and the strong growth of the tourism industry.
One of the most important trends in the UAE facility management market is the increasing use of technology. This includes the use of computer-aided facilities management (CAFM) systems, which help to improve the efficiency of facility management operations. There is also an increasing trend towards outsourcing facility management services, as this can provide cost savings and allow businesses to focus on their core activities.
Another key trend in the UAE facility management market is the increasing focus on sustainability. This includes a commitment to reducing energy consumption and water usage, as well as improving waste management processes. Sustainability is becoming increasingly important to businesses and organizations operating in the UAE, and this is likely to drive further growth in the facility management market.
Share Of the UAE Facility Management Market
The United Arab Emirates (UAE) facility management market was valued at US$ XXXX billion in 2018, and is projected to reach US$ XXXX billion by 2026, growing at a CAGR of XXXX% from 2019 to 2026. The growth of the UAE facility management market is driven by the proliferation of commercial and residential buildings, rapid urbanization & industrialization, and increased government spending on smart city initiatives.
The UAE has one of the highest per capita incomes in the world and is home to some of the tallest skyscrapers and largest shopping malls. The country has witnessed a construction boom in recent years, with several mega-projects underway, such as the Dubai Creek Harbour development and the Expo 2020 site preparation. This has resulted in an increased demand for facility management services to maintain these properties.
The residential sector is another major end user of facility management services in the UAE. The country has a large expatriate population, who are typically employed in high-paying jobs and are willing to pay premium prices for luxury apartments and villas. This has resulted in a boom in the construction of luxury residential complexes, which require professional facility management services to maintain their standards.
Government initiatives such as Vision 2021 and UAE Centennial Plan are expected to drive the growth of the facility management market over the forecast period. These initiatives are aimed at transforming the UAE into a knowledge-based economy and improving living standards through infrastructure development. This is expected
Size of the UAE Facility Management Market
The UAE facility management market is valued at $ XXXX billion in 2016 and is projected to grow at a CAGR of XXXX% during the forecast period (2017-2022). The report includes a detailed analysis of the market dynamics that are expected to impact the growth of the market in the coming years.
The UAE facility management industry has been growing at a rapid pace in recent years owing to the increasing construction activities in the country. The government’s initiatives to develop infrastructure and promote tourism are also expected to fuel the growth of the industry.
The report provides a detailed analysis of the key segments of the UAE facility management market, on the basis of services, end-users, and regions. On the basis of services, the market is segmented into cleaning, security, landscaping, and others. On the basis of end-users, it is classified into residential, commercial, industrial, and governmental. The report further analyzes each segment on the basis of its share in terms of value and volume.
The report includes an extensive analysis of the competitive landscape of the UAE facility management market. It profiles some of the leading players operating in this market such as Emrill Services LLC, Farnek Services LLC, Imdaad LLC, Al Futtaim Carillion LLC, EFS Facilities Management Ltd., among others.
Business Environment and Its Impact on the Industry Growth
The business environment of a country or region is the aggregate of all external factors that have an impact on the business organizations operating in that country or region. The business environment can be broadly classified into macro and micro environmental factors. The macro environmental factors are those factors that are external to the organization and beyond its control, while the micro environmental factors are those internal factors within the organization’s control.
The UAE facility management market is growing at a rapid pace owing to the favorable government policies and regulations, increasing foreign investments, and infrastructural development. The UAE has emerged as one of the leading markets for facility management services due to the growing number of construction projects and rapid urbanization. The rising population and income levels are also fuelling the demand for these services. However, the high cost of living and lack of skilled labor are some of the major challenges faced by the industry players operating in this market.
Key Players in the UAE Facility Management Market
There are a number of key players in the UAE facility management market. Some of the leading companies operating in the market include Emrill, Farnek Services, Imdaad LLC, ISS World and others. These companies hold a significant share in the overall market owing to their large customer base and wide range of services offered.
These companies have been able to gain a strong foothold in the UAE facility management market due to their ability to provide comprehensive solutions that cater to the specific needs of their clients. Additionally, these companies have also invested heavily in research and development activities to ensure that they are able to offer the latest and most advanced services to their clients.