USD 24 billion
Saudi Arabia Facility Management Market Size, Share, Growth Analysis, By Service(Hard Services, Soft Services, Other Services), By Industry Vertical(Healthcare, Government, Education, Military & Defense), By Region - Industry Forecast 2024-2031
Report ID:
SQMIC20I2266 |
Region:
Country |
Published Date: April, 2024
Pages:
157
|Tables:
65
|Figures:
65
Saudi Arabia Facility Management Market Insights
Saudi Arabia Facility Management Market size was valued at USD 24 billion in 2021 and is poised to grow from USD 25.56 billion in 2022 to USD 42.30 billion by 2030, growing at a CAGR of 6.5% in the forecast period (2023-2030).
The GCC countries have taken significant steps to revitalize their economies and reduce their dependence on oil revenues by promoting industry localization. This move is driven by economic challenges stemming from depleting hydrocarbon reserves, technological obsolescence, and oil price volatility since the late 1990s. To counter these issues, the GCC nations have initiated strategies to cultivate private sectors that will not only generate employment opportunities but also foster economic growth, particularly in Saudi Arabia's facility management sector.
The Saudi 2030 Vision holds a pivotal role in propelling economic progress within the GCC region. This transformative approach is expected to open up abundant market prospects across sectors like construction, automotive, and heavy engineering, thereby amplifying the demand for facility management services. The Vision 2030 program seeks to diversify the country's economy away from oil dependency by harnessing public-private partnerships (PPPs) to enhance transportation, education, healthcare, and energy management infrastructure.
The deployment of PPP projects is poised to enhance accessibility and services, benefiting the Saudi Arabian facility management industry. Additionally, this privatization drive is set to attract substantial investments, fortifying the nation's infrastructure growth and rapidly advancing the facilities management market.
Notably, facility management service providers are incorporating energy management services into their offerings to address rising energy costs and building energy consumption concerns. Consequently, consumers are increasingly adopting these services, bolstering the growth of the facilities management market in the Kingdom.
Saudi Arabia Facility Management Market is poised to grow at a sustainable CAGR for the next forecast year.
Market Snapshot - 2023-2030
Global Market Size
Largest Segment
Soft Services
Fastest Growth
Soft Services
Growth Rate
6.5% CAGR
Global Saudi Arabia Facility Management Market ($ Bn)
Country Share for Asia Pacific Region (%)
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Saudi Arabia Facility Management Market Segmental Analysis
The Saudi Arabia facility management market is segmented on the basis of service type, industry vertical, region. By service type, the market is segmented into hard services, soft services, other services. By industry vertical, the market is segmented into healthcare, government, education, military & defense, real estate. By region, the market is segmented into North America, Europe, Latin America, Asia- Pacific, Middle East and Africa.
Saudi Arabia Facility Management Market Analysis By Service
The soft services segment is anticipated to experience significant growth, showcasing the highest Compound Annual Growth Rate (CAGR). This expansion can be attributed to the escalating investments directed towards sectors like waste management, energy management, wastewater management, and other aspects of green energy management. The increasing focus on environmental sustainability and resource efficiency is driving the demand for these soft services.
On the other hand, the hard services segment currently commands the largest portion of the market. This segment encompasses a diverse range of services, including cleaning, plumbing and drainage, as well as building fabric maintenance. These essential services contribute significantly to the operational functionality and upkeep of facilities.
Saudi Arabia Facility Management Market Analysis By Industry Verticals
The healthcare sector is poised to exhibit a substantial growth rate, representing the highest Compound Annual Growth Rate (CAGR) throughout the forecast period. This escalation is attributed to the rising global adoption of healthcare facilities management services as a proactive measure in various nations. The need for efficient facility management is particularly critical in healthcare settings to ensure seamless operations, safety, and compliance with stringent regulations.
Within the educational domain, specific services such as technical maintenance, space management, and integrated services management emerge as focal points. These services are paramount for educational institutions, enabling them to provide conducive learning environments while optimizing their resources.
Global Saudi Arabia Facility Management Market By Service Type
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Saudi Arabia Facility Management Market Regional Insights
Anticipated to experience a significant surge in growth in the foreseeable future, the Saudi Arabia facility management market is being propelled by the ongoing processes of urbanization and industrialization. A pivotal driver is the governmental commitment to bolstering infrastructure, encompassing the construction of vital transportation nodes such as railways, ports, and airports, among other sectors. To realize these ambitious projects, the government is entering contracts with multiple private contractors, including facility service providers, to ensure the maintenance and sustainability of these infrastructures. As private sector investments are poised to witness a notable upswing in the coming years, the resultant momentum is set to galvanize the facilities management market across the region.
However, the outbreak of the novel coronavirus pandemic in 2020 temporarily curtailed market growth in the country. Immediate lockdown measures, implemented to curb the virus's spread, imposed limitations on various sectors, including facility management. Despite this setback, the market exhibited a modest uptick due to a renewed emphasis on facility service contract renewals.
As the situation gradually stabilizes, the facilities management market is experiencing a steady growth trajectory, driven by substantial investments flowing into the infrastructural sectors from both public and private entities. Notably, Saudi Arabia stands at the forefront of facility industry advancements, largely attributed to its status as a nation with the fastest-growing population. The country's unwavering commitment to investing in key sectors such as healthcare and education reinforces its role as a prominent contributor to the progress of the facility management industry.
In summary, the Saudi Arabia facility management marketmarket's forward trajectory is powered by urbanization, industrialization, and governmental infrastructure projects. While the pandemic temporarily slowed growth, renewed contract renewals and continuous investments in infrastructure are propelling gradual market expansion. Saudi Arabia's significant contributions, driven by a growing population and strategic sector investments, further solidify its position as a key player in the evolution of the facility management sector.
Global Saudi Arabia Facility Management Market By Geography
- Largest
- Fastest
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Saudi Arabia Facility Management Market Dynamics
Saudi Arabia Facility Management Market Drivers
Population Growth
- Saudi Arabia's rapidly growing population is boosting demand for residential, commercial, and public facilities, contributing to the expansion of the facility management market.
Government Investments
- The Saudi Arabian government's substantial investments in infrastructure, healthcare, education, and other sectors are creating a robust demand for facility management services to maintain and operate these facilities effectively.
Saudi Arabia Facility Management Market Restraints
Regulatory and Compliance Complexities
- Stringent regulations, compliance requirements, and varying industry standards can pose challenges for facility management companies to deliver services in line with these guidelines.
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Saudi Arabia Facility Management Market Competitive Landscape
The competitive landscape of the Saudi Arabia facility management market is characterized by a dynamic interplay of established players and emerging service providers, driven by the increasing demand for comprehensive facility solutions. A multitude of companies are vying to capitalize on the burgeoning market opportunities arising from the country's rapid urbanization, infrastructure development, and government investments.
Prominent international players, possessing extensive expertise and diverse service portfolios, are key participants in the market. These include both global facility management giants and multi-industry conglomerates, aiming to leverage their cross-sector capabilities to offer integrated solutions. They often focus on deploying advanced technologies like IoT, AI, and data analytics to enhance efficiency, sustainability, and customer experience.
At the same time, local Saudi Arabian players are gaining prominence, bringing in-depth knowledge of the local market and regulatory landscape. These players offer a competitive edge by tailoring their services to meet cultural and regional nuances while building strong relationships with local clients.
Saudi Arabia Facility Management Market Top Player’s Company Profiles
- Saudi Oger Ltd. (Oger International)
- Khidmah
- Aramark Corporation
- ENGIE
- Mace Group
- Sodexo
- Al Muhaidib Group
Saudi Arabia Facility Management Market Recent Developments
- In June 2023, the Saudi Arabian Ministry of Tourism announced plans to invest USD 4 billion in the tourism sector over the next 5 years.
- In May 2023, the Saudi government issued a new regulation on the outsourcing of facility management services.
Saudi Arabia Facility Management Key Market Trends
- Sustainability and ESG Focus: Growing emphasis on Environmental, Social, and Governance (ESG) criteria is driving the integration of sustainable practices in facility management, including energy efficiency, waste reduction, and carbon footprint reduction.
- Data-Driven Decision-Making: Data analytics and real-time monitoring are empowering facility managers to make informed decisions, optimize resource allocation, and enhance service delivery.
Saudi Arabia Facility Management Market SkyQuest Analysis
SkyQuest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Product types team that Collects, Collates, Co-relates, and Analyses the Data collected by means of Primary Exploratory Research backed by robust Secondary Desk research.
According to our Saudi Arabia facility management market analysis, the Saudi Arabia facility management market is undergoing a transformative phase driven by rapid urbanization, robust government investments, and a focus on sustainability. Established international players and emerging local companies are competing to offer comprehensive solutions tailored to the country's diverse sectors. The integration of advanced technologies like IoT and AI is shaping service offerings, enhancing efficiency, and optimizing resource utilization. The market's landscape showcases a blend of global giants and local experts, with a growing emphasis on strategic partnerships to deliver innovative solutions. However, the market has also faced challenges, including the pandemic's short-term impact and economic fluctuations. Looking ahead, the market is poised for continued growth, with opportunities stemming from ongoing infrastructure projects, evolving regulations, and the growing importance of energy efficiency and environmental considerations. To succeed, companies must navigate this competitive landscape while staying adaptable to evolving industry trends and client expectations.
| Report Metric | Details |
|---|---|
| Market size value in 2021 | USD 24 billion |
| Market size value in 2030 | USD 42.30 billion |
| Growth Rate | 6.5% |
| Base year | 2023 |
| Forecast period | 2023-2030 |
| Forecast Unit (Value) | USD Billion |
| Segments covered |
|
| Regions covered | North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA) |
| Companies covered |
|
| Customization scope | Free report customization with purchase. Customization includes:-
|
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Table Of Content
Executive Summary
Market overview
- Exhibit: Executive Summary – Chart on Market Overview
- Exhibit: Executive Summary – Data Table on Market Overview
- Exhibit: Executive Summary – Chart on Saudi Arabia Facility Management Market Characteristics
- Exhibit: Executive Summary – Chart on Market by Geography
- Exhibit: Executive Summary – Chart on Market Segmentation
- Exhibit: Executive Summary – Chart on Incremental Growth
- Exhibit: Executive Summary – Data Table on Incremental Growth
- Exhibit: Executive Summary – Chart on Vendor Market Positioning
Parent Market Analysis
Market overview
Market size
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- SWOT Analysis
KEY MARKET INSIGHTS
- Technology Analysis
- (Exhibit: Data Table: Name of technology and details)
- Pricing Analysis
- (Exhibit: Data Table: Name of technology and pricing details)
- Supply Chain Analysis
- (Exhibit: Detailed Supply Chain Presentation)
- Value Chain Analysis
- (Exhibit: Detailed Value Chain Presentation)
- Ecosystem Of the Market
- Exhibit: Parent Market Ecosystem Market Analysis
- Exhibit: Market Characteristics of Parent Market
- IP Analysis
- (Exhibit: Data Table: Name of product/technology, patents filed, inventor/company name, acquiring firm)
- Trade Analysis
- (Exhibit: Data Table: Import and Export data details)
- Startup Analysis
- (Exhibit: Data Table: Emerging startups details)
- Raw Material Analysis
- (Exhibit: Data Table: Mapping of key raw materials)
- Innovation Matrix
- (Exhibit: Positioning Matrix: Mapping of new and existing technologies)
- Pipeline product Analysis
- (Exhibit: Data Table: Name of companies and pipeline products, regional mapping)
- Macroeconomic Indicators
COVID IMPACT
- Introduction
- Impact On Economy—scenario Assessment
- Exhibit: Data on GDP - Year-over-year growth 2016-2022 (%)
- Revised Market Size
- Exhibit: Data Table on Saudi Arabia Facility Management Market size and forecast 2021-2027 ($ million)
- Impact Of COVID On Key Segments
- Exhibit: Data Table on Segment Market size and forecast 2021-2027 ($ million)
- COVID Strategies By Company
- Exhibit: Analysis on key strategies adopted by companies
MARKET DYNAMICS & OUTLOOK
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- Regulatory Landscape
- Exhibit: Data Table on regulation from different region
- SWOT Analysis
- Porters Analysis
- Competitive rivalry
- Exhibit: Competitive rivalry Impact of key factors, 2021
- Threat of substitute products
- Exhibit: Threat of Substitute Products Impact of key factors, 2021
- Bargaining power of buyers
- Exhibit: buyers bargaining power Impact of key factors, 2021
- Threat of new entrants
- Exhibit: Threat of new entrants Impact of key factors, 2021
- Bargaining power of suppliers
- Exhibit: Threat of suppliers bargaining power Impact of key factors, 2021
- Competitive rivalry
- Skyquest special insights on future disruptions
- Political Impact
- Economic impact
- Social Impact
- Technical Impact
- Environmental Impact
- Legal Impact
Market Size by Region
- Chart on Market share by geography 2021-2027 (%)
- Data Table on Market share by geography 2021-2027(%)
- North America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- USA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Canada
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Europe
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Germany
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Spain
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- France
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- UK
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Europe
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Asia Pacific
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- China
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- India
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Japan
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Korea
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Asia Pacific
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Latin America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Brazil
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of South America
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Middle East & Africa (MEA)
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- GCC Countries
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Africa
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of MEA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
KEY COMPANY PROFILES
- Competitive Landscape
- Total number of companies covered
- Exhibit: companies covered in the report, 2021
- Top companies market positioning
- Exhibit: company positioning matrix, 2021
- Top companies market Share
- Exhibit: Pie chart analysis on company market share, 2021(%)
- Total number of companies covered
Methodology
For the Saudi Arabia Facility Management Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:
1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.
2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Saudi Arabia Facility Management Market.
3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.
4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.
Analyst Support
Customization Options
With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Saudi Arabia Facility Management Market:
Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.
Regional Analysis: Further analysis of the Saudi Arabia Facility Management Market for additional countries.
Competitive Analysis: Detailed analysis and profiling of additional Market players & comparative analysis of competitive products.
Go to Market Strategy: Find the high-growth channels to invest your marketing efforts and increase your customer base.
Innovation Mapping: Identify racial solutions and innovation, connected to deep ecosystems of innovators, start-ups, academics, and strategic partners.
Category Intelligence: Customized intelligence that is relevant to their supply Markets will enable them to make smarter sourcing decisions and improve their category management.
Public Company Transcript Analysis: To improve the investment performance by generating new alpha and making better-informed decisions.
Social Media Listening: To analyze the conversations and trends happening not just around your brand, but around your industry as a whole, and use those insights to make better Marketing decisions.
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