Kuwait’s Facility Management Market to Surpass $3 Billion

by Lionel Casey

Dublin, June 19, 2019 (GLOBE NEWSWIRE) — The “Kuwait Facility Management Market by means of Service, by way of End User, with the aid of Mode, by means of Type – Market Size, Share, Development, Growth, and Demand Forecast to 2024” record has been added to ResearchAndMarkets.Com’s presenting.

The Kuwaiti facility control marketplace is projected to gain size of $three,077.7 million by means of 2024, advancing at a CAGR of eight.3% for the duration of the forecast duration (2019-2024).

The predominant purpose behind the boom of the marketplace is growing to fund in production tasks. Facility control method an expert service availed to take care of more than one disciplines with a purpose to make sure the proper capability of a constructing with the help of humans, technologies, and processes.

Based on service, the Kuwaiti facility control marketplace is split into property offerings, safety offerings, guide offerings, cleaning services, environmental control services, catering services, and different services. ‘Other’ offerings consist of furniture supply, software management, reception staffing, and contract management. Among those, in 2018, the belongings services department made a sales contribution of more than 25% within the market. These offerings offer various advantages, which include well-timed lease series, higher tenant retention, quick emptiness cycles, and tax help. Due to these advantages, the call for for this carrier is increasing in u . S. A ..

In 2018, the commercial sector became the biggest give up person, with a forty% sales proportion inside the facility management market in Kuwait. These services are witnessing a rise in demand due to the surging attention among quit users on optimizing their commercial constructing management expenditure. Also, the marketplace inside the commercial quarter is expected to observe considerable growth in the course of the 2019-2024 period, especially due to a boom in the variety of shops, resorts, industrial facilities, and different industrial sites.

On the premise of carrier type, the Kuwaiti facility management market is bifurcated into in-residence and outsourced. In 2018, the in-house kind dominated the marketplace with a proportion exceeding 75%. The dominating position of the in-house carrier type is ascribed to its lengthy-standing presence, comparatively excessive adoption fee, and coffee cost.

Based on type, the Kuwaiti facility management marketplace is assessed into difficult, smooth, and different services. In 2018, out of these, the classification of the hard offering registered the largest share inside the marketplace, attributable to its technical nature and its consistent with-rectangular-feet fee that is extra than that of soft offerings.

The ‘Kuwait 2035’ imaginative and prescient is a plan aimed at the diversification of the country wide financial system to minimize the dependence on oil sales. Also, the plan makes a specialty of boosting the personal quarter’s proportion in the country’s economy and escalating private investments inside the enlargement of the infrastructure region.

Some of the important thing players inside the Kuwaiti facility management marketplace are O&G Engineering W.L.L., Kharafi National, Ecovert FM Kuwait, Fawaz Refrigeration & Air Conditioning Company, Al Mazaya Holding Company, R&E Petroleum Co, Refrigeration Industries & Storage Company, Al-Awsat United Real Estate Co, PIMCO, and United Facilities Management.

Key Topics Covered

Chapter 1. Research Background
1.1 Research Objectives
1.2 Market Definition
1.3 Research Scope
1.Three.1 Market Segmentation by Service
1.Three.2 Market Segmentation by way of End User
1.3.3 Market Segmentation through Mode
1.Three.Four Market Segmentation via Type
1.3.5 Analysis Period
1.Three.6 Market Data Reporting Unit
1.Three.6.1 Value
1.Four Key Stakeholders

Chapter 2. Research Methodology
2.1 Secondary Research
2.2 Primary Research
2.2.1 Breakdown of Primary Research Respondents By Industry Participant By Company Type
2.3 Market Size Estimation
2.Four Data Triangulation
2.5 Assumptions for the Study

Chapter 3. Executive Summary

Chapter 4. Introduction
4.1 Definition of Market Segments
4.1.1 By Service Property Services HVAC Maintenance Services
four. Mechanical & Electrical Maintenance Services
four.1.1.1.Three Other Services
four.1.1.2 Cleaning Services Security Services
four.1.1.4 Catering Services
4.1.1.Five Support Services
four.1.1.6 Environmental Management Services Other Services
4.1.2 By End User Commercial Industrial
4.1.2.Three Residential
4.1.Three By Mode
four.1.3.1 In-House
4.1.Three.2 Outsourced
four. Integrated
4.1.Three.2.2 Bundled Single
4.1.4 By Type Hard
four.1.4.2 Soft
four.1.Four.3 Others
four.2 Market Dynamics
4.2.1 Trends Economic Diversification
four.2.1.2 Increasing Investment inside the Tourism Industry
4.2.2 Drivers
four.2.2.1 Growing Hospitality Industry inside the Country
four.2.2.2 Upcoming Infrastructure Projects
four.2.2.3 Impact Analysis of Drivers on the Market Forecast
four.2.3 Restraints
four.2.Three.1 Lack of Competent Professional Resources
four.2.Three.2 Impact Analysis of Restraints on the Market Forecast
four.2.4 Opportunities
four.2.4.1 The Kuwait 2035 Vision
four.2.4.2 Increasing Demand for Outsourced Facility Management Services
four.3 Porter’s Five Forces Analysis

Chapter five. Kuwait Market Size & Forecast
five.1 By Service
five.1.1 Property Services, by means of Type
five.2 By End User
five.Three By Mode
five.3.1 Outsourced Mode, by way of Type
5.4 By Type

Chapter 6. Kuwait Facility Management End-User Capacity Analysis
6.1 Commercial End User, through Capacity
6.1.1 Office Capacity
6.1.2 Retail Capacity
6.1.Three Hotel Capacity
6.2 Residential End User, with the aid of Capacity
6.3 Industrial End User, by way of Capacity

Chapter 7. Kuwait Facility Management Workforce Analysis
7.1 Workforce Analysis, by way of End User
7.2 Workforce Analysis, through Mode

Chapter eight. Competitive Landscape
8.1 Market Share Analysis of Key Players
eight.2 Key Players and Their Offerings

Chapter 9. Company Profiles
9.1 Kharafi National
nine.1.1 Business Overview
nine.1.2 Product & Service Offerings
9.2 O&G Engineering W.L.L.
9.Three Fawaz Refrigeration & Air Conditioning Company
9.Four EcovertFM Kuwait
9.Five Al Mazaya Holding Company
9.6 Al-Awsat United Real Estate Co.
Nine.7 R&E Petroleum Co.
Nine.8 Refrigeration Industries & Storage Company
nine.Nine PIMCO
nine.10 United Facilities Management
nine.Eleven List of Other Players

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