The Kuwait Facility Management Market is growing owing to Kuwait Vision 2035, Technological advancement, Increased Public Spending on infrastructure and Sustainability: Ken Research

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“Focus on smart city development, new infrastructure developments, focus on tourism and hospitality are Major Factor Contributing towards development of Facility Management Services in Kuwait”

Major Developments: The Kuwaiti government has struck a $495-million deal with the private sector for the development of industrial, residential, and warehousing infrastructure, which is also acting as a key growth driver for facility management market in Kuwait. The large-scale construction of hospitals and tourist attractions is driving the demand for facility management as these services are essential at these places for attracting visitors.

Sustainability: Providing new infrastructure, appropriate legislation and enabling a business environment conducive to development and providing controls and climate to ensure total and balanced human resource development. Aiming on consolidating the values of society, preserving its identity, as well as achieving justice, political participation and freedoms.

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Technical Skills: The main constraint in the Kuwaiti facility management sector is the lack of qualified technical resources. As facility management is a labor-intensive industry, the recruitment of professional workers is a challenge for service providers. This complicates the work of these firms, as their programs are entirely workforce-based.

Analysts at Ken Research in their latest publication “Kuwait Facility Management Market Outlook to 2026F- Driven by Rising End-Users Awareness, Improving Technology and Government’s Strong Initiatives regarding Infrastructure” observed that Facility Management Services market is an emergent healthcare market in Kuwait. The rising Facility Management consciousness among the population and business owners, along with increasing infrastructural growth and technology, expansion of their operation, implementation of favorable government rules & regulations is expected to contribute to the market growth over the forecast period. The Kuwait Facility Management is expected to grow at a robust CAGR of 8.9% over the forecasted period of 2021-2026F.

Key Segments Covered in the report: -

Kuwait Facility Management Market

By Type of Service

Soft Service

Hard Service

By Hard Service

Electromechanical Services

Operations and Maintenance Services

Fire Safety and Security Systems

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By Soft Service

Housekeeping

Security

Landscaping

Others

By Integrated Facility Services, Bundled Services and Single Services

Bundled services

Single services

Integrated facility management (IFM)

By End User

Commercial

Industrial

Residential

By Personnel

In-House Personnel

Outsourced Personnel

Key Target Audience:-

Factories

Plants and Industries

Hotels

Hospitals

Malls

Companies and offices

Tourism Agencies

Government Bodies & Regulating Authorities

Facility Management companies

Real estate companies

Time Period Captured in the Report:-

Historical Period: 2016-2021

Forecast Period: 2021-2026F

Companies Covered:-

Kharafi National

United Facility Management

EFS Facility Management Services

Fawaz Group

O&G Engineering W.L.L.

EcovertFM Kuwait

Al Mazaya Holding Company

Al-Awsat United Real Estate Co.

ONE FM

PIMCO

Gulf Engineering Company K.S.C.C

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Key Topics Covered in the Report:-

Executive Summary: Kuwait Facility Management Market, 2016-2026F

Kuwait Facility Management Market Size by Revenue, 2016-2026F

Kuwait Population Analysis, 2021

Kuwait Demographic Analysis, 2021

Kuwait Oil and Non-Oil Quarterly Real GDP growth,2017-2020

Business Cycle and Genesis of Kuwait Facility Management

Business Acquisition Process in Kuwait Facility Management Market

Supply Side Ecosystem

Kuwait Real Estate Market Overview, 2021

Kuwait Rental Market Overview, 2021

Kuwait Housing Loan Market, 2021

Kuwait Hospitality Market Overview, 2021

Kuwait Retail Market Overview, 2021

Supply Side Ecosystem - Maintenance (Hard FM)

Supply Side Ecosystem - Cleaning and Security

Supply Side Ecosystem - Waste Management

Supply Side Ecosystem - Integrated FM

Kuwait Facility Management Market Segmentation

SWOT Analysis of Kuwait Facility Management Market

Key Growth Drivers in Facility Management Market in Kuwait

Trends and Developments in Kuwait Facility Management Market

Kuwait Facility Management Market Major Technological Trends, 2021

Regulatory Landscape of Kuwait Facility Management Market

Types of Contracts in Kuwait Facility Management Market

Competition Scenario in Kuwait Facility Management Market

Cross Comparison of Major Projects in Kuwait Facility Management Market

Market Sizing Analysis of Kuwait Facility Management Market, 2021-2026F

Best Practices for Improving Facility Services

Operational Strategies for Facility Management Market in Kuwait

Growth Strategies of Kuwait Facility Management Market

For more insights on the market intelligence, refer to the link below: -

Kuwait Facility Management Market Analysis

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Qatar Facility Management Market Outlook

Chile Facility Management Market Outlook

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Kuwait Facility Management Market- Ken Research

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The facilities management service industry in Kuwait is at the nascent stage. The market has observed a vigorous growth over past five years. The facilities management industry has begun augmenting with the outsourcing of soft services such as cleaning, housekeeping and several others in Kuwait Facilities Management is a management discipline that supports and advances the core company processes and augments the return on investment by result-oriented usage of resources, services, and activities, vital to the accomplishment of any organization. The advancements in the technology have been approaching individuals to move towards implementing the facilities management.

According to the report analysis, ‘Kuwait Facility Management Market Outlook to 2021 - Growing Retail Industry and Upcoming Infrastructure Projects to Drive Market Growth’ states that the foremost growth driver for the industry during this duration was rapid augment in the construction sector of the country. The requirement for Facilities management services has also augmented owing to the augmenting requirement of concierge, man-guarding, maintenance and housekeeping services in the commercial buildings and shopping complexes and professionalism in the management of all the facilities with augmenting regards towards cleanliness. Moreover, effective growth in number of super and hyper markets in the country has also completely impacted the requirement for the facilities management services across the country.

Various aspects such as surge in requirement for the cloud-based facility management solutions and increment in requirement for facility management solutions integrated with intelligent software are projected to propel the implementation of facility management solutions and services.

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Based on sectors, the Retail & Commercial sector has largely registered the revenues of the industry with the share of ~% during 2016. Retail sector is majorly requiring the hard services for air-conditioned shopping complexes, commercial buildings and several other publicly accessible and private environments. Hospitality sector has underwritten a share of ~% in terms of revenues during 2016. Residential sector has underwritten ~% in the revenues in 2016 followed by many other industries.

On the basis of Outsourced personnel & Self personnel, outsourced personnel are the foremost contributor in the revenues of the industry with the share of ~% in the revenues during 2016. Majority of the companies across the country are outsourcing the services. Cost-efficiency remains the major driver for consideration and application of outsourcing initiatives by the companies. Self-personnel services have added a share of ~% in the industry.

Facilities management industry will augment at a tremendous rate during coming future. The market will augment at a CAGR of ~% throughout 2016-2021 to reach at USD ~ million in 2021 due to the growing commercial and residential space in the country. Increasing the preferences of population to live in a clean and safeguard the environment which will be professionally managed will boost the require for facilities management services. Increasing the Hotel industry in the country will trigger the requirement for HVAC services, security, cleaning, housekeeping and several other facilities management services. The market will be largely registered by single services during coming future. The single services market will underwrite a share of ~% in 2021. The effective growth in demand for single services especially from residential sector will propel the market.

For More Information, Click on the Following Link: -

Kuwait Facility Management Market Analysis

Related Report: -

Vietnam Facility Management Market Outlook to 2023 - By Single, Bundled and Integrated Services; By Soft Services (Housekeeping, Security, Landscaping and Others) and Hard Services (Electromechanical Services, Operations and Maintenance Services, Fire Safety and Security Systems), By End User Sectors (Commercial, Industrial, Hospitality, Residential, Infrastructure and Others)

Contact Us: -

 Ankur Gupta, Head Marketing & Communications

Support@kenresearch.com

+91-9015378249