Property sector have the largest market share during the forecast period in the Bahrain Facility Management Market.
Government
initiatives with growing number of projects in real estate are the factors
propelling the market growth in the forecast period.
According
to TechSci Research report, “Bahrain
Facility Management Market - By Region, Competition Forecast & Opportunities, 2018-2028,”
the Bahrain Facility Management Market is
expected to register a robust CAGR during the forecast period, 2023-2028. Although
relatively small geographically, Bahrain offers a very active market for
facility management. Continued growth in the construction sector due to an
increase in the number of government bids for infrastructure development in
Bahrain is the main reason for the surge in demand for facilities management
services. Several services but not limited to Cleaning, Catering, Fire &
Security System, Civil & Carpentry Work, Pest Control are a part of
Facility Management. Companies are also providing Integrated services where all
services are led by a single team making the work client easier. Due to the
growing demand for facility management services, many companies are contracting
out to provide FM services, giving local businesses an opportunity to expand
their offerings and grow their customer base in the country.
Facility Management is expected to be on a rise in Bahrain as government
has taken several key initiatives such as Bahrain Vision 2030. Bahrain expects
to increase the urbanization with the ongoing projects, and it is expected to
increase the Facility Management Market in the country. As Bahrain is expected
to increase their land area after Vision 2030, new cities and towns are
expected to come up in the country increasing the market as well as players in
the facility management. Bahrain is expecting a rise in their FDI from vision
2030 while also diversify their economy to other sectors such as financial,
tourism from oil & gas.
Browse
over XX market data Figures spread through 70 Pages and an in-depth TOC on the "Bahrain Facility Management Market."
The Bahrain Facility
Management Market is segmented into service, type, industry, end-user, and
sectors. Based on service, the market is divided into Property,
Cleaning, Security, Support, Catering & Others. During the projected
period, the property segment in the service type is expected to dominate the
market with a robust CAGR during the forecast period of 2023-2028. Bahrain is increasing its
infrastructure and at the same time gearing up its infrastructure while
increasing the property infrastructure. This gives facility management new
projects in this segment.
Based on type, the market is
segmented into hard services & soft services. During the projected period,
the soft service segment in the type is expected to dominate the market with a robust
CAGR during the forecast period of 2023-2028. Demand for soft FM services has surged
significantly in Bahrain, with a particular focus on cleaning services to
sanitize office spaces and comply with hygiene protocols. In addition,
businesses focus on increasing productivity and optimizing daily operational
activities while reducing energy consumption. For this reason, soft service
facility management companies use automation technology to reduce energy
consumption.
Based on Industry, the market is segmented into Organized,
Unorganized. During the projected
period, the unorganized segment is expected to dominate the market with a CAGR
of 71.92% in the forecast period of 2023-2028. The clients are looking for
services which cost less and look out for companies or individuals who provide
cheap services. Another reason for unorganized sector to dominate the market is
the competition as facility management is considered to be a fragmented market.
Based on End User, the market is segmented into Commercial,
Residential, Industrial, Public Sector. During the projected period, the commercial segment in the service
type is expected to dominate the market in the forecast period of 2023-2028. Increase
in FDI, growing number of projects in commercial sector due to the Bahrain
Vision 2030 are the major reasons for growth of this sector.
Based on Sector, the market is segmented into Education, Healthcare, Real Estate, Banking, Hospitality,
Housing, Others. During the projected period, the Real Estate segment is expected
to dominate the market in the forecast period of 2023-2028. The Bahraini
government is focused on increasing their land area to 60% along with planning
and construction of 5 new cities. Construction of new cities and building new
infrastructure to make those prosperous and maintaining the existing one makes
the real estate sector dominating the market.
Key
market players in the Bahrain Facility Management Market:
- G4S Bahrain
- CBRE Bahrain WLL
- ASF Facility Management
- Royal Ambassador
Property and Facility Management Co
- Metropolitan Holding Co
W.L.L.
- Almoayyed Contracting
Group
- Gems industrial services W.L.L.
- Elite Facility Management Co.
- EFS Facilities Services Bahrain W.L.L.
- Iris
Property Management W.L.L.
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"The
initiatives taken by government has helped the number of infrastructure
projects to grow. Urbanization has made way for new construction. With their
Vision 2030, Bahrain is stepping foot into the modern world thus increasing the
demand for Facility Management in the country." said Mr. Karan Chechi,
Research Director with TechSci Research, a research-based global management
consulting firm.
Bahrain
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 Bahrain Facility Management Market and 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 Bahrain Facility Management Market.
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