The market for facility management in Oman is predicted to grow rapidly during the forecast period. Oman is working to diversify its economy because it is largely dependent on its fishing and trading industry and oil-based economy. Populations and civilizations that value knowledge advance the nation's vision for the future. The nation seeks to join the developed nations of the globe through industrial expansion. There are various services provided by facility management that people or organizations can use on a regular basis, including HVAC services, cleaning, maintenance, safety, logistics, and fire safety. Several industries, including residential, commercial, and industrial building management, use FM services. Both the public and private sectors use FM services because they are universally desired, in high demand, and appropriate for maximizing facility lifetime value.
Throughout the course of the projection period, the Oman facility management market is anticipated to expand. A vast range of products and services that are part of facility management affect how productive and efficient businesses are. The new management system creates a standard for spreading Oman's excellent facility management principles. The industry offers plenty of prospect thanks to the adoption of integrated facilities management (IFM) by Oman FM vendors. Offering integrated facilities management has allowed the end-users to pay less for routine operations because there is so much demand on firms to run as efficiently as possible and take care of their cash flows. In order to reduce costs, organizations chose the strategic strategy of combining more tasks under a single integrated framework.
In the Oman ecosystem, however, the facilities management sector is still in its infancy. In the last few years, there has been a noticeable increase in the sizeable demand from the actors in the business sector. The country's FM industry, however, is dominated by a number of smaller, regional businesses, which presents a substantial challenge in terms of pricing pressure, slimmer margins, trade obstacles, etc. In a fragmented market, the firms must standardize their offers to meet a variety of market needs. Because local players have fewer international connections, there has been a decrease in the adoption of technologically innovative solutions, which poses a serious threat with long-term consequences.
The COVID-19 pandemic's initial phase resulted in a sharp fall in growth for the Oman facilities management market (implementation of lockdowns, work-from-home scenarios, etc.). Because most of the personnel was hired from abroad, the lockdown effect also contributed to a labour shortage among facilities and facilities management businesses. The country's pandemic has also seen a notable increase in hard facilities management services including heating, ventilation, and air conditioning.
Oman Facility Management Market Key Players:
The market study provides market data by competitive landscape, revenue analysis, market segments and detailed analysis of key market players such as; AI Naba Services, Bahwan Engineering, Como Facility Management Service, EFS Trading, General Electric and Trading Company, Kalhat Group, Oman International Group, Osco Oman, Qurum Business Group, Renaissance Contract Services Group.
Oman Facility Management Market Segmentation:
By Offering Type: Based on the Offering Type, Oman Facility Management Market is segmented as; Hard Services (Electromechanical Services, Fire Safety and Security, HVAC, Operations and Maintenance), Soft Services (Housekeeping, Landscape Access, Security).
By Type of Service: Based on the Type of Service, Oman Facility Management Market is segmented as; Inhouse Facility Management, Outsourced Facility Management (Bundled Facility Management, Integrated Facility Management, Single Facility Management).
By Industry: Based on the Industry, Oman Facility Management Market is segmented as; Organized, Unorganized.
By End User: Based on the End User, Oman Facility Management Market is segmented as; Commercial, Industrial, Public Sector, Residential.
By Sector: Based on the Sector, Oman Facility Management Market is segmented as; Banking, Education, Healthcare, Hospitality, Housing, Real Estate, Others.
By Region: This report also provides the data for key regional segments of A’Sharqiyah, Al Wusta, Dhofar, Muscat, Rest of Oman.
This study also encompasses various drivers and restraining factors of this market for the forecast period. Various growth opportunities are also discussed in the report.