Key Findings
The revenue from Integrated Facility
Management is expected to more than double in the next five years.
The Facility Management Market in Egypt is
expected to witness emergence of both local and global facility management
service providers, due to high demand for the services in the future.
The revenue for Facility Management Industry
from Outsourced Personnel is expected to increase by 89.75% in the next five
years.
Improving
Tourism:
The government is working on enhancing its tourist destination sites to attract
more tourists with an overall focus on improving the economic well-being of the
country. The maintenance of these destination sites will lead to higher demand
for facility management services in the country. The increase in the number of
tourists will lead to the growth in the hospitality sector due to the
construction of new hotels to cater to the demand. This will ultimately increase the demand for
housekeeping and security services in Egypt.
Growing
demand for Integrated Facility Management: The demand for IFM is forecasted to increase
in future majorly due to upcoming airport construction projects and increasing
MNCs in the country. This will augment the demand for Integrated Services while
creating space for more players to enter the facility management market.
Increasing
Constructional Activities:
The Egyptian real estate market has been highly resilient to the political and
economic instability experienced in the country but removal of fuel subsidies
and flotation of the Egyptian Pound have led to increasing costs for short term
contractors and affecting the overall market. The country is also experiencing
rapid urbanization with an aim to reduce income disparity and to uplift the
economy. It is expected that the Residential Supply will increase by 55,000
units and the Commercial Office Supply will increase by 76,000 sqm mainly due
to the construction activities around New Cairo. The construction of both
residential and commercial units will lead to an increase in demand for
Facility Management services in Egypt.
Analysts at Ken Research in their latest
publication “Egypt
Facility Management Market Outlook to 2023- By Soft Services (Housekeeping,
Security, Landscaping and Others); Hard Services (Electromechanical and
Operational Maintenance, Fire Safety and Security Systems and Civil Maintenance)
and By End User Sectors (Industrial, Commercial, Residential and Others)”
believe that the facility management market in Egypt will increase owing to
growth in real-estate sector, increase in Foreign Direct Investment in the
country and upcoming smart city projects. The market is expected to register a
positive CAGR of 9.6 % in terms of revenue during the forecasted period
2018-2023E.
Key Segments Covered
By Type of Services
Soft
Service
Hard
Service
By Type of Soft Service
Housekeeping
(including cleaning)
Security
Landscaping
Others
By Type of Hard Service
Electromechanical
and Operational Maintenance (including HVAC)
Fire
Safety and Security Systems
Civil
Maintenance
By Integrated Facility Services,
Bundled Services and Single Services
Single
Service
Bundled
Service
Integrated
Facility Management
By Personnel Type
In-house
Personnel
Outsourced
Personnel
By End User
Industrial
Commercial
Residential
Others
Key Target Audience
Facility
Management Companies
Facility
Management Solution Providers
Consultancy
and Advisory Firms
Real
Estate Developers
Construction
Companies
Hospitals
and Schools
Time Period Captured in the Report:
Historical
Period: 2013-2018
Forecast
Period: 2019-2023E
Companies Covered:
Contrack
FM
Enova
EFS
Facilities Management
IFMC
- Apleona Group
Egypro-FME
CBRE
JLL
Qeema
FM
G4S
Savills
ProService
Encorp
Facility Management
Emdad
Facility Management
Egypt
Service
Key Topics Covered in the Report
Executive
Summary
Research
Methodology
Market
Overview
Market
Size, 2018
Market
Segmentation, 2018
Trends
and Development
Issues
and Challenges
Regulatory
Framework
SWOT
Analysis
Competitive
Landscape
Company
Profiles of Major Players
Future
Outlook and Projections, 2018-2023E
Future
Segmentation, 2018 - 2023E
Analyst
Recommendations
For more information, refer to below
link:
Related Reports
Contact Us:
Ken
Research
Ankur
Gupta, Head Marketing & Communications
+91-9015378249
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