Kuwait facility management market is expected to grow at impressive rate during the forecast period, backed by integration of facility management in building design, coupled with increasing focus on outsourcing & optimized business models, and sustainable business solutions, etc. Moreover, New Kuwait 2035 Vision, which is aimed at boosting the share of private sector in the country’s economy, would result in huge private investments in the development and expansion of commercial infrastructure, thereby generating immense opportunities for facility management market in Kuwait over the next five years.
Years Considered for this Report:
Historical Years: 2015 – 2018
Base Year: 2019
Estimated Year: 2020
Forecast Period: 2021 – 2025
In 2016, Kuwait government awarded projects worth $ 7.5 billion, which resulted in an increase in investments in ongoing and planned projects to $ 250 billion. One of the largest housing projects underway in the country is South Al Mutlaa City Housing, which is estimated to cost nearly $ 1 billion and entail 9,000 residential units, schools and other facilities. The project is scheduled for completion by September 2019. Such projects in the country are anticipated to boost demand for facility management services during forecast period. Over the coming years, Al Asimah region is anticipated to dominate Kuwait facility management market as it is the commercial hub of the country, consequently, requiring facility management services on a large scale.
Objective of the Study:
- The primary objective of the study was to evaluate and forecast facility management market in Kuwait
- To categorize the market on the basis of service, application and region
- To categorize and forecast Kuwait facility management market by service such as property, cleaning, security, catering, support & others and by application such as commercial, residential & industrial
- To understand policy and regulations which can positively or negatively impact Kuwait facility management market
- To identify major drivers, challenges and trends for Kuwait facility management market
- To identify and profile major companies operating in Kuwait facility management market
Major leading players in Kuwait facility management market include United Facility Management, EFS Facilities Management Services, O&G Engineering W.L.L., Kharafi National, Ecovert FM Kuwait, ENGIE Services, Kuwait Real Estate Company, Reliance FM, Fawaz Group, Tanzifco Company W.L.L., and Al Mazaya Holding Co.
TechSci Research carried out Kuwait facility management market study by considering various aspects of Kuwait facility management market. In the beginning of the market study, a brief study was conducted to understand each aspect of market outlook such as drivers, challenges, market trends and various other major factors affecting the market. Moreover, an in-depth analysis was conducted to understand Kuwait facility management market scenario and to gauge the competitive scenario.
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Afterwards, a detailed scrutiny of by service, by application, and by regional markets for Kuwait facility management market was conducted. In order to extract data for Kuwait facility management market, primary research surveys were conducted with key opinion leaders and facility management service providers to understand historical and present market trends.
Considering the assumptions, TechSci Research’s dedicated team of industry experts has comprehensively monitored and analyzed various aspects of Kuwait facility management market. TechSci research team has analyzed various segments and speculated a positive future for Kuwait facility management market. Moreover, various secondary sources were utilized for preparing this report such as directories, databases including company annual reports, financial reports, proprietary databases, among others.
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Key Target Audience:
- Facility management service providers and other stakeholders
- End users of facility management services
- Government bodies such as regulating authorities and policy makers
- Research organizations and consulting firms
The study is useful in providing answers to several critical questions that are important for industry stakeholders, such as facility management service providers, customers and policymakers, as well as in identifying which market segments should be targeted over the coming years (next five years) in order to strategize investments and capitalize on growth opportunities in specific market segments and geographies.
“Kuwait facility management market is on the rise due to increasing construction activities in the country and increasing focus on ‘New Kuwait 2035 Mission’, which is anticipated to transform Kuwait into a major commercial and financial hub in the Middle East region. This would result in huge demand for facility management services including property, cleaning, security, catering, support and other services from the country’s commercial, industrial as well as residential sectors over the course of next five years.”, said Mr. Karan Chechi, Research Director with TechSci Research, a research based global management consulting firm.
“Kuwait Facility Management Market By Service, By Application, Competition Forecast & Opportunities, 2012 – 2022” has evaluated the facility management market in Kuwait and has provided the 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 and growth opportunities emanating in Kuwait facility management market.
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