UAE Facility Management Market to Grow at 9.55% CAGR by 2026
Rising demand for construction of hotels, resorts, and shopping malls and growth
in tourist activities among others are driving the demand for UAE facility management market
through 2026.
According
to TechSci Research report, “UAE Facility Management Market by Organized Vs
Unorganized (Organized, Unorganized), By Outsource Vs Inhouse (Outsource, Inhouse),
By Service (Property, Cleaning, Security, Catering, Support, Others), By
Application (Commercial, Residential, Industrial), By Region, Competition
Forecast & Opportunities, 2026”, UAE Facility
Management Market is estimated to reach USD25.37 billion in terms of value by
2026. The facility management market in UAE is benefiting
from sustainable smart city projects, along with the implementation of
automation and enhanced data driven technologies. UAE is methodologically
adopting smart city infrastructure with the aim of integrating latest and
sustainable technologies in the built environment which in turn, is anticipated
to aid the growth of UAE Facility Management Market during the forecast period.
UAE
Facility Management Market is segmented based on organized vs unorganized, outsource
vs inhouse, service, application, and region. Based on service, the market is segmented
into property, cleaning, security, catering, support and others. Property
segment held the largest market share in 2020 in terms of value owing to the growth in the country’s industrial and
commercial sectors. Property services segment
is increasing owing to easy credit conditions, increasing purchasing power
parity and booming housing sector in the country. The growth of
the real estate sector across the country is expected to have a positive impact
on the demand for property services in the forecast period. Furthermore, favorable
social factors such as income level, literacy rate, etc. are expected to benefit the property services market during
the forecast period.
Browse 46 market data Figures and 8 data tables spread through 124 Pages and an in-depth TOC on "UAE Facility Management Market"
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Based on application, the market is segmented
into industrial, commercial and residential segments. Commercial segment is the
largest contributing segment by application due to the rising demand from
hotels, retail outlets, malls and office buildings in the country, particularly
in Dubai, Abu Dhabi and Sharjah. Moreover, due to the COVID-19 pandemic, people
are getting more cautious towards cleaning and sanitization in the public areas,
which has also increased the demand for facility management services.
In UAE majority of companies that are
operational in the facility management market are looking for innovative
solutions such as streamlining communication to manage manpower and day-to-day
operations. Artificial intelligence, mobile internet and Internet of things have
enabled harnessing of real time data of different hard and soft services. Different
companies adopting these techniques can monitor and manage the workforce in
near-real time.
In the year 2020, to prevent the spread
of COVID-19, the government implemented lockdown which impacted the facility
management services. According to TechSci Research’s estimates, the market
suffered a decline of -5.89% in terms of value. This decline left a remarkable
depreciation in the market, but the market is currently reviving and is set to
overcome the descent in 2021-2022, owing to the shift towards
the focus of all the organizations towards cleaning and maintaining hygiene. Furthermore, the facility management
service providers are offering end to end facility management services to
government and private sectors which allows them to work more efficiently in
the key areas.
Based on region, Dubai accounted for the
largest share of 50.90% in UAE facility management market owing to increase in
population in this emirate and growing investments in commercial and housing
sector. Furthermore, Dubai is hosting one of the largest commercial events, the
World Expo 2020 between October 2021 and March 2022. Millions of visitors are
anticipated to visit the country for the event. Thus, the government of UAE is
focusing on upgrading the country’s commercial and tourism sectors which will
increase the demand for facility management.
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Emrill
Services LLC, Imdaad LLC, Farnek Services LLC, EFS Facilities Services Group, Transguard
Group LLC, Khidmah LLC, Etisalat Facilities Management LLC, Cofely Besix Facility Management LLC, Al Shirawi Facilities Management LLC, Khansaheb
Facilities Management, Enova Facilities
Management Services LLC, Eltizam Asset Management Group etc. are among the leading players operating
in UAE Facility Management Market. Companies operating in the market are using
organic strategies such as service advancement through addition of new features,
partnerships, mergers and collaborations to boost their share in UAE Facility
Management Market.
“Integration of facility
management in building design, growing usage of integrated workplace management
system, increasing usage of CAFM (Computer-aided Facility Management) and BIM
(Building Information Modelling) Software’s are driving the UAE Facility Management
Market. Moreover, rising demand for sustainable and energy
efficient green building solutions, shifting trend towards automated building management solutions, booming
Internet of Things (IoT) market, surging demand for cyber and information
security management have also been positively influencing the
market. Continuance of such trends and increasing awareness about cleanliness,
security and maintenance are expected to drive the UAE Facility Management
Market in the coming years”, said Mr. Karan Chechi, Research
Director with TechSci Research, a research based global management consulting firm.
“UAE Facility Management
Market by Organized Vs Unorganized (Organized, Unorganized), By Outsource Vs Inhouse
(Outsource, Inhouse), By Service (Property, Cleaning, Security, Catering, Support,
Others), By Application (Commercial, Residential, Industrial), By Region, Competition
Forecast & Opportunities, 2026” has evaluated the future growth
potential of UAE
Facility Management Market and provides statistics and
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 UAE
Facility Management Market.
About TechSci Research
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to lead rather than follow market trends.
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