Kuwait Facility Management Market [2028]: Trends & Forecast

By | November 29, 2023
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Kuwait Facility Management market is anticipated to grow at a robust CAGR during the forecast period. Kuwait is a wealthy oil-based economy that, like its neighbors, is trying to diversify, giving rise to its Vision 2035. Just like other countries, Kuwait has multiple projects in several sectors but not limited to residential and commercial, including either the construction of new facilities or the expansion of existing ones.

Facility Management has many services that an individual/ group can use in daily life but is not limited to fire safety; cleaning; maintenance; security; logistics; environment; Heating, Ventilation, and Air Conditioning (HVAC) services. FM services are used in several sectors, such as residential, commercial, and industrial. FM services are also used in the private or public sector as they are also good for the lifetime value of the facility.

Kuwait Vison 2035 Propelling the Growth

  • Kuwait aims to be an international hub for finances and trade. The private sector shall have a major role in its transformation and efficiency. To maintain the beauty and growth of Kuwait, facility management shall have a major role in Kuwait’s growth.Kuwait is looking to spend more than USD10 billion for the construction of the residential sector along with the construction of Silk City worth more than USD80 billion. With an increase in urbanization, the facility management market shall reach new heights. Kuwait Vision 2035 is focused on the overall development of the country, helping the country, which in turn gives the related markets such as real estate, facility management, and automobiles an edge to grow in the country.  
    •  Download FREE Sample Report @ https://www.techsciresearch.com/sample-report.aspx?cid=1479   Latest Trends in Kuwait Facility Management MarketMost construction projects in Kuwait are driven by public spending. In 2019, Kuwait Integrated Petroleum Industries Company (KIPIC), awarded Veolia’s Middle East subsidiary, a contract to operate and maintain a refinery wastewater treatment plant in Al Zour, southern Kuwait. The contract also resulted in seven years of maintenance for Veolia which is worth USD63 million expecting the Facility Management market to grow.

Lack of Maintenance

Maintenance of equipment and facilities is a challenge the owner and company employees are not keen on. Using malfunctioned or outdated equipment hampers the facility, also resulting in the reduction of the lifespan of both the facility and equipment. Replacing and maintaining the equipment before any wear and tear is as important as keeping the facility.

Recent Developments

  • In 2020, ENGIE Service General Contracting for Buildings Company WLLl and Taiba Hospital partnered to introduce a new integrated facility management model. This includes integrated engineering, cleaning, and security services, loss prevention, porter/attendant and valet services, waste management, pest control, landscaping, and laundry.Al Mulla Group signed a partnership agreement with local non-profit INJAZ Kuwait to support its mission to prepare young Kuwaitis for success in the global economy. Building on three pillars of work readiness, financial literacy, and entrepreneurship, these programs are designed to equip students with the knowledge, skills, and attitudes necessary to succeed in the private sector.

Market Segmentation

Kuwait Facility Management market is segmented based on By Service, By End User, By Type, By Industry, By Sectors. Based on Service, the market is further fragmented into Property, Cleaning, Security, Support, Catering & Others. Based on End User, the market is segmented into Commercial, Residential and Industrial. Based on Type, the market is segmented into Hard Services and Soft Services. Based on Industry, the market is segmented into Organized and Unorganized. Based on Sectors, the market is segmented into Education, Healthcare, Real Estate, Banking, Hospitality, Housing, Others.

Market players

Major market players in the Kuwait Facility Management market are PIMCO Kuwait, Kharafi national FM, EcovertFM Kuwait, Al Mazaya Holding Company KSCP, ENGIE Services General Contracting for Buildings Company WLL, United Facilities Management  Company K.S.C.C, Alghanim International General Trading & Contracting Co. W.L.L. (Falghanim), Al Mulla Group, Tanzifco Company W.L.L, O&G Engineering W.L.L.

Report Scope:

AttributeDetailsBase Year2022Historic Data2018– 2021Estimated Year2023Forecast Period2024 – 2028Quantitative UnitsRevenue in USD Million, , and CAGR for 2018-2022 and 2023-2028Report coverageRevenue forecast, company share, growth factors, and trendsSegments covered       Service       Type       Industry       End User       SectorsRegional scopeKuwait City, Al Jahra, Al-Ahmadi, Hawalli, OthersKey companies profiledPIMCO Kuwait, Kharafi national FM, EcovertFM Kuwait, Al Mazaya Holding Company KSCP, ENGIE Services General Contracting for Buildings Company WLL, United Facilities Management Company K.S.C.C, Alghanim International General Trading & Contracting Co. W.L.L. (Falghanim), Al Mulla Group, Tanzifco Company W.L.L, O&G Engineering W.L.LCustomization scope10% free report customization with purchase. Addition or alteration to country, regional & segment scope.Pricing and purchase optionsAvail customised purchase options to meet your exact research needs. Explore purchase optionsDelivery FormatPDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request)

In this report, Kuwait Facility Management Market has been segmented into the following categories, in addition to the industry trends which have also been detailed below:

  • Kuwait Facility Management Market, By Service:
    • o   Propertyo   Cleaningo   Securityo   Supporto   Cateringo   Others
  • Kuwait Facility Management Market, By Type:
    • o   Hard Serviceso   Soft Services
  • Kuwait Facility Management Market, By Industry:
    • o   Organizedo   Unorganized
  • Kuwait Facility Management Market, By End User:
    • o   Commercialo   Residentialo   Industrialo   Public Sector
  • Kuwait Facility Management Market, By Sectors:
    • o   Educationo   Healthcareo   Real Estateo   Bankingo   Hospitalityo   Housingo   Others
  • Kuwait Facility Management Market, By Region:
    • o   Kuwait Cityo   Al Jahrao   Al-Ahmadio   Hawallio   OthersCompetitive LandscapeCompany Profiles: Detailed analysis of the major companies present in the Kuwait Facility Management market.Available Customizations:Kuwait Facility Management market report with the given market data, Tech Sci Research offers customizations according to a company’s specific needs. The following customization options are available for the report:Company Information
  • Detailed analysis and profiling of additional market players.
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  • Service OverviewResearch MethodologyImpact of COVID-19 Kuwait Facility Management MarketExecutive SummaryVoice of Customers
    • 5.1.  Overall Brand Awareness Level5.2.  Brand Awareness Level wrt Availability5.3.  Brand Awareness Level wrt Mode of Distribution5.4.  Brand Awareness Level wrt Pricing5.5.  Brand Awareness Level wrt Sales Service

    1. Kuwait Facility Management Market Outlook

    6.1.  Industry Structure & Stakeholders6.2.  Porter’s Five Force Analysis6.3.  Market Size & Forecast6.3.1.                By Value6.4.  Market Share & Forecast6.4.1.           By Service (Property, Cleaning, Security, Support, Catering & Others)6.4.2.           By Type (Hard Services and Soft Services)6.4.3.                By Industry (Organized and Unorganized)6.4.4.                By End User (Commercial, Residential, Industrial and Public Sector)6.4.5.                By Sectors (Education, Healthcare, Real Estate, Banking, Hospitality, Housing, Others)6.4.6.                By Region6.4.7.                By Company6.5.  Kuwait Facility Management Market Map

    1. Kuwait Property Management Market Outlook

    7.1.  Market Size & Forecast7.1.1.                By Value7.2.  Market Share & Forecast7.2.1.                By Type7.2.2.                By Industry7.2.3.                By End User7.2.4.                By Region

    1. Kuwait Cleaning Management Market Outlook

    8.1.  Market Size & Forecast8.1.1.                By Value8.2.  Market Share & Forecast8.2.1.                By Type8.2.2.                By Industry8.2.3.                By End User8.2.4.                By Region

    1. Kuwait Security Management Market Outlook

    9.1.  Market Size & Forecast9.1.1.                By Value9.2.  Market Share & Forecast9.2.1.                By Type9.2.2.                By Industry9.2.3.                By End User9.2.4.                By Region

    1. Kuwait Support ManagementMarket Outlook

    10.1.   Market Size & Forecast10.1.1.             By Value10.2.   Market Share & Forecast10.2.1.             By Type10.2.2.             By Industry10.2.3.             By End User10.2.4.             By Region

    1. Kuwait Catering ManagementMarket Outlook

    11.1.   Market Size & Forecast11.1.1.             By Value11.2.   Market Share & Forecast11.2.1.             By Type11.2.2.             By Industry11.2.3.             By End User11.2.4.             By Region

    1. Market Dynamics

    12.1.   Drivers12.2.   Challenges