TechSci Research report states that the Saudi Arabia Facility Management Market is expected to experience a CAGR of 6.97% during the forecast period, from 2017 to 2027, with an estimated market value of USD 31.48 Billion by 2025. In 2019, the market was valued at USD 24.15 Billion. Builders in Saudi Arabia are increasingly incorporating facility management in building design, with facility managers consulted during the design phase to provide feedback on project area utilization, landscaping, fire and safety systems, and lifecycle cost analysis of the building. Facility management aims to reduce the total cost of services over a building's entire lifecycle, with almost 80% of the total cost incurred during this phase. This integration allows owners to easily manage and control their facilities with minimal disruptions, thereby increasing the total life of the buildings.
Leading companies in the Saudi Arabia facility management market include Saudi EMCOR Company Ltd (EFS Facility Management), Khidmah LLC, Enova Facilities Management Services LLC, Muheel Services For Maintenance & Operations LLC, Musanadah Facilities Management Company Ltd., Al Mahmal Facilities Services, Al Khozama Facility Management Services, Five Moons Company Ltd., Takamul AlOula Facility Management, Al Borj Facility Management, Saudi Binladin Group Operation & Maintenance, among others. Makkah province is expected to dominate the demand for facility management services due to the high number of travelers and pilgrims visiting the region, with two holy mosques located in the province. The province has one of the highest numbers of visitors in the country and a majority of establishments in the hospitality industry in Saudi Arabia. As of 2019, there were a total of 1,547 hotels in operation and over 15,700 buildings under construction in the province, which is expected to result in increased demand for facility management services.
“In 2019, Makkah accounted for the largest share i.e. 32.56% in Saudi Arabia facility management market. The region is expected to maintain its dominance over the next five years as well. Makkah is one of the most popular regions in Saudi Arabia. The province boasts Mecca City, the holy pilgrimage site for Muslims, and Jeddah, which is considered as the commercial capital of Saudi Arabia. Tourism activities in Makkah and Madinah is expected to contribute to the growth in hotel industry, thereby creating ample demand for facility management services in the region.,” said Mr. Karan Chechi, Research Director with TechSci Research, a research based global management consulting firm.
“Saudi Arabia Facility Management Market By Service (Property, Cleaning, Security, Support, Catering & Others), By End User (Commercial, Industrial & Residential), Competition, Forecast & Opportunities, 2017 – 2027” has evaluated the future growth potential of the facility management market in Saudi Arabia and provided statistics and information on market structure, industry behavior and trends. The report includes market projections and demand forecasting. The report is intended to provide cutting-edge market intelligence and help decision makers take sound investment decisions. Besides, the report also identifies and analyzes emerging trends along with essential drivers, challenges and opportunities available in Saudi Arabia facility management market.
Browse 35 market data Figures and Tables spread through 105 Pages and an in-depth TOC on "Saudi Arabia Facility Management Market"
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