The
report titled “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)” provides a comprehensive analysis of Facility Management in
Oman. The report focuses on overall market size, market segmentation by Types
of Services (Single, Bundled and Integrated Services), by Sectors (Commercial,
Hospitality, Residential, Industries and other sectors), by In house and
Outsourcing services and by Hard and Soft Services. The report also covers the
overall trends and developments, Vendor selection process and Competitive
landscape. The report concludes with market projections for future for the
market described above highlighting the major opportunities and cautions for
Oman Facility Management.
Oman Facility Management Market
Overview and Size
The
Facility Management (“FM”) market in
Oman has witnessed robust growth during the review period; however, the market
is still in its growth stage. The market is highly fragmented with large number
of players operating within the FM industry. The FM market in the past was
dominated by soft services but technological advancement and increasing need
for building maintenance has resulted in rising demand for hard services. The
major growth drivers for the industry include the booming real estate market,
growing construction industry, increasing number of shopping malls and
supermarkets, expanding hospitality sector and focus on Green Buildings aligned
to Vision 2030; creating opportunities for FM services in the country.
Increase
in project activity centered on tourism and the commercial sector have raised
the demand for soft and hard services in the country, leading to a positive
impact on the facility management market. Rising inflow of foreign expatriates
has also positively impacted the growth of the industry.
Oman Facility Management Market
Segmentation
By Soft and Hard Services
The
facility management market can be categorized on the basis of services offered
i.e. hard services and soft services. Soft services dominated the facility
management market in Oman with a higher revenue share during 2017. The
development of various sectors including real estate, hospitality, healthcare
and tourism (owing to Vision 2020) has amplified the demand for soft services
in the country. Conversely, hard services accounted for the remaining revenue
share of facility management market revenue in Oman during 2017.
By Single Service, Bundled Services
and Integrated Services
Facility
management market is also segmented on the basis of single service, bundled
services and integrated services. Single service has contributed the highest
share to the revenues of the industry during 2017. There are few players
operating in the industry with specialized expertise in single service and has
been the primary force driving customers to purchase single FM service. Bundled
services are the second largest contributor to the revenues of the industry
during 2017.
By Sectors
Commercial
sector contributed the highest revenue share to the overall facility management
industry. FM companies have been providing soft and hard services to commercial
complexes over the years and the growth in this sector has created large
potential for FM companies. Hospitality sector added their fair share in the
revenues of the FM industry. Conversely, the residential sector accounted for
the least revenue share of the FM market in terms of revenue in 2017. Other
sectors include Industrial plants, airports, infrastructure projects and others
sectors together contributed to the overall facility management market in 2017.
Competitive Landscape in Oman Facility
Management Market
The
market dynamics has changed in terms of number of players as domestic and
international players have been entering the FM industry. With major MNCs
entering this market, competition has further streamlined in recent years.
Major FM companies in the country include Renaissance CSG, OIG, Como Facility
Management, QBG and EFS. Companies are competing on the basis of price and
quality. Renaissance CSG competes in the market on the basis of value innovation
and various supplementary services it provides to their customer. OIG
differentiates itself from other companies by using environment friendly and
safe products. Como has a huge service portfolio which gives it a competitive
edge over other companies. QBG is a customer centric company that provides
personalized services to its customers while EFS follows an employee centric
approach
Oman Facility Management Market Future
Outlook and Projections
As
the facility management market in Oman is fragmented, it will provide immense
opportunity to global and local players to tap this market with the aid of
technology advancements and rising awareness among Omanis towards FM services.
Enormous growth in construction, tourism and healthcare industries in the country
will increase the demand for FM services. Additionally, the 9th Year
Development plan (2016-2020) is expected to trigger the demand for FM services
owing to the increase in infrastructure projects.
Key Segments Covered
Soft and Hard Facility Management
·
Soft Services
·
Hard Services
Soft Services
·
Housekeeping
·
Landscape Access
·
Security
Hard Services
·
HVAC
·
Electromechanical
Services
·
Operations and
Maintenance
·
Fire Safety and
Security
Type of Service
·
Single
·
Bundled
·
Integrated
Outsourcing and In House services
Sectors
·
Industrial and
Public Infrastructure
·
Retail
·
Commercial
·
Hospitality
·
Residential and
Others
Key Target Audience
·
Facility
Management Companies
·
Contractors
·
Commercial
Offices
·
Hotels and
Hospitals
·
Associations
Time Period Captured in the Report:
·
Historical Period - 2011-2017
·
Forecast Period - 2018-2022E
Companies Covered:
·
Renaissance
Contract Services Group
·
Al Naba Services
·
Oman
International Group
·
Osco Oman
·
Como Facility
Management Service
·
Bahwan
Engineering
·
Kalhat Group
·
EFS Trading
·
General Electric
and Trading Company
·
Qurum Business
Group
Key Topics Covered in the Report
·
Executive Summary
·
Research
Methodology
·
Oman Facility
Management Market Introduction
·
Value Chain
Analysis for Oman Facility Management Market
·
Oman Facility
Management Market Size by Revenue,
2011-2017
·
Oman Facility
Management Market Segmentation,
2011-2017
·
Trends and
Developments in Oman Facility Management
Market
·
SWOT Analysis for
Oman Facility Management Market
·
Vendor Selection
Process for Oman Facility Management Market
·
Competitive
Landscape for Oman Facility Management
Market
·
Oman Facility
Management Market Future Outlook and
Projections, 2018-2022
·
Analyst
Recommendations in Oman Facility Management
Market
·
Macro Economics
Factors Impact Oman Facility Management Market
For more information on the research report,
refer to below link:
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