The Qatar Facility Management Market is projected to experience substantial growth from 2023 to 2028, according to a report by TechSci Research. Rapid urbanization and increased spending on infrastructure projects have resulted in the growth of Facility Management (FM). FM is a commonly required service across various sectors, such as residential, commercial, and others. With the rise of government and private projects, property owners aim to provide world-class facilities for themselves and others. Although FM has been around for a long time, companies have adapted to changing times by introducing new equipment, providing increased safety measures, and consolidating FM services into one integrated team. By utilizing FM services, property owners can expect to prolong the life of their buildings by a few years while minimizing disruption and avoiding harm to others.
Facility Management has been on a rise in Qatar as government has taken several key initiatives such as Qatar Vision 2023 and hosting of FIFA 2022 World Cup resulting in overall rebuilding of the country’s infrastructure and making changes to their city’s plan. Qatar has also been taking several steps to increase the FDI in their country also prompting the country to build commercial centers around Qatar. Many companies see this an opportunity to increase their workforce and works toward innovation in the Facility Management Market. FIFA World Cup saw an investment of around USD220 billion and many projects for Vision 2030 are in billions giving rise to FM players in the Qatar market.
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The Qatar Facility Management Market is categorized based on service, type, industry, end-user, and sectors. The service segment is further divided into property, cleaning, security, support, catering, and others. According to the TechSci Research report, during the forecast period of 2023-2028, the property segment in the service type is expected to dominate the market. This is due to the expected rise in demand for property and cleaning services, driven by factors such as increasing purchasing power parity, the booming housing sector, and the growth of industrial and commercial sectors, coupled with easy credit conditions. Additionally, Qatar’s Vision 2030 aims to diversify its economy into other sectors besides oil, and the Qatari government has implemented economic measures and stimulus packages to support the development of various sectors, including the real estate sector.
Based on type, the market is bifurcated into hard & soft. During the projected period, the soft segment is expected to dominate the market during the forecast period of 2023-2028. There has been a significant surge in demand for Soft FM services, with a particular focus on cleaning services to sanitize office spaces and adhere to hygiene protocols. Companies are focusing on improving productivity and optimizing daily operations while reducing energy consumption. For this reason, soft services facilities management companies are using automation technology to reduce energy consumption level.
Based on industry, the market is bifurcated intoorganized and unorganized. During the projected period, the unorganized segment is expected to dominate the market. Many people are focused on giving only 1 or 2 services having themselves working or having an assistant with them. Through this, they focus on only those services which requires less resources and less skilled labor.
Based onend user, the market is segmented intocommercial, residential, industrial, and public sector. During the projected period, the commercial segment is expected to dominate the market during the forecast period of 2023-2028. The inflow of investments from foreign companies in different sectors has positively attributed to the growing need for offices, boosting the commercial real estate sector. There are several projects related to Qatar Vision 2030 which focuses on building commercial & residential towers and hosting the Expo 2023 Doha.
Based onSector, the market is segmented intoeducation, healthcare, real estate, banking, hospitality, housing, and others. During the projected period, the real estate segment is expected to dominate the market during the forecast period of 2023-2028. The Qatar government is focused on building many residential and commercial complexes.
Key market players in the Qatar Facility Management Market:
- Emcor Facilities Services Qatar W.L.L.
- Teyseer Services Company WLL (Sodexo Qatar)
- G4S Qatar WLL
- Al-Asmakh Facilities Management
- Al Faisal Holdings (MMG Qatar)
- Galfar Al Misnad Engineering & Contracting W.L.L
- COMO Facilities Management Services
- OCS Qatar LLC
- CBM Qatar LLC
- Al Tamyoz Facility Management
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“The increasing number of infrastructure projects gives rise to the facility management services. Rapid urbanization has made way for new construction and maintaining the previous ones thus aligning itself with the demand for the Facility Management in Qatar. With the country opening its doors for FDI through its Vision 2030 and 2022 FIFA World Cup, there is a huge scope for demand for Facility Management in the country,” said Mr. Karan Chechi, Research Director with TechSci Research, a research-based global management consulting firm.
Qatar Facility Management Market By Service (Property, Cleaning, Security, Support, Catering & Others), By Type (Hard Services and Soft Services), By Industry (Organized, Unorganized), By End User (Commercial, Residential, Industrial, Public Sector), By Sectors (Education, Healthcare, Real Estate, Banking, Hospitality, Housing, Others) By Region, Competition Forecast & Opportunities, 2018-2028, has evaluated the future growth potential of Qatar Facility Management Marketand provides statistics & information on market size, structure, and future market growth. The report intends to provide cutting-edge market intelligence and help decision makers take sound investment decisions. Besides the report also identifies and analyzes the emerging trends along with essential drivers, challenges, and opportunities in the Qatar Facility Management Market.
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Kuwait Facility Management Market – https://www.techsciresearch.com/report/kuwait-facility-management-market/1479.html
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Bahrain Facility Management Market – https://www.techsciresearch.com/report/bahrain-facility-management-market/14389.html
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TechSci Research is a research based management consulting firm providing market research and advisory solutions to its customers worldwide, spanning a range of industries. TechSci Research’s core values are value, integrity and insight. Led by a team of dynamic industry experts, TechSci Research provides its customers with high value market research and advisory services that helps them identify new market opportunities, growth engines and innovative ways to capture the market share. As a result, TechSci’s client leads rather than follow market trends. Not bound by legacy, TechSci’s cutting-edge research model leverages its decades of research knowledge and an increased use of technology as engines of innovation to deliver unique research value. Provided as an alternative to traditional market research, TechSci Research reports do not just deliver data and knowledge rather highlights the insights in a more usable and interactive format for its clients.
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