The Facility Management ("FM") market in Oman has observed robust growth throughout the review period; however, the market is still in its growth stage. The market is extremely fragmented with large number of players functioning within the FM industry. The FM market in the past was registered by soft services but technological innovation and augmenting need for building maintenance has resulted in growing demand for hard services. The foremost growth drivers for the industry comprise the booming real estate market, augmenting the construction industry, growing number of shopping malls and supermarkets, enlarging hospitality sector and aim on Green Buildings aligned to Vision 2030; generating the opportunities for FM services in the country.
The
effective growth in project activity centered on tourism and the commercial
sector have elevated the requirement for soft and hard services in the country,
leading to a positive impression on the facility management market. The
effective growth in inflow of foreign expatriates has also positively impacted
the growth of the industry.
According
to the report analysis, ‘Oman
Facility Management Market Outlook to 2022 - By Soft Services (Housekeeping,
Landscape Access and Façade Access, Security, Others) and By Hard Services
(HVAC, Electromechanical, Operational and Maintenance, Fire Safety and
Security)’ states
that the market dynamics has transformed in terms of number of players as
domestic and international players have been entering the FM industry. With
foremost MNCs entering this market, competition has further streamlined during
recent years. Foremost FM companies in the country comprise Renaissance CSG,
OIG, Como Facility Management, QBG and EFS. Companies are opposing on the basis
of price and superiority. Renaissance CSG competes in the market on the basis
of value innovation and several supplementary services it deliver to their customer.
OIG differentiates itself from other companies by utilizing the environment
friendly and safe products. Como has an enormous service portfolio which gives
it a competitive edge over other companies. QBG is a customer centric company
that delivers the personalized services to its consumers while EFS follows an
employee centric method.
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At
Ken Research, Oman Facility Management Market Report conveys a comprehensive
analysis of Facility Management in Oman. The report aims on complete market
size, market segmentation by Types of Services (Single, Bundled and Integrated
Services), by Sectors (Commercial, Hospitality, Residential, Industries and
several other sectors), by In house and Outsourcing services and by Hard and
Soft Services. The report also covers the complete trends and developments,
Vendor selection procedure and Competitive landscape. The report concludes with
market projections for future for the market described above highlighting the
foremost opportunities and cautions for Oman Facility Management.
By
Soft and Hard Services, the facility management market can be classified on the
basis of services offered i.e. hard services and soft services. Soft services
registered the facility management market in Oman with a greater revenue share
during 2017. The development of several sectors comprising real estate,
hospitality, healthcare and tourism (due to Vision 2020) has amplified the
requirement for soft services in the country. Conversely, hard services
registered for the remaining revenue share of Facility Management Market Revenue in
Oman throughout 2017.
As
the facility management market in Oman is fragmented, it will convey immense
opportunity to global and local players to tap this market with the aid of
technology innovations and growing awareness among Omanis towards the FM
services. Enormous growth in construction, tourism and healthcare industries in
the country will augment the requirement for FM services. Additionally, the 9th
Year Development plan (2016-2020) is projected to trigger the requirement for
FM services owing to the augment in infrastructure projects.
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