Kuwait Facility Management Market Overview
According to SPER Market Research, the Kuwait Facility Management Market is estimated to reach USD 2.40 billion by 2032 with a CAGR of 8.74%.
Facility management is a multidisciplinary work which involves people, place, process, and technology to guarantee the functionality, comfort, safety, and efficiency of the built environment. It entails managing and maintaining various facilities such as buildings, equipment, and other physical assets to ensure that they are operational and satisfy the requirements of their users. Facility management is a professional management field that focuses on the efficient and effective delivery of logistics and other support services related to real estate and buildings.
Facility administration is an essential component of any organization because it ensures the smooth and efficient operation of the workplace. Maintenance and repair, cleaning, security, health and safety, space planning, energy management, and sustainability are just a few of the tasks covered. Facility managers are in the role of overseeing all parts of facility management and are expected to be skilled in a variety of areas such as project management, finance, human resources, and customer service. They collaborate closely with other members of the organisation to ensure that the facility meets the requirements of its users and that all activities are conducted safely and efficiently. Overall, facility management is a critical function that ensures the smooth and efficient operation of the built environment, enabling organisations to concentrate on core activities and achieve strategic goals.
Impact of COVID-19 on the Kuwait Facility Management Market
The COVID-19 pandemic has caused destruction on the global economy, including the facility management industry in Kuwait. Kuwait's facility management market was already expanding due to the country's emphasis on infrastructure development, but the pandemic has increased the demand for efficient and secure facility management services.
As the pandemic spreads, facility management companies in Kuwait will face new challenges in keeping cleanliness and hygiene standards, managing occupancy levels, and implementing social distancing procedures. These challenges may necessitate investment in new technology and processes by facility management businesses in order to guarantee the safety of their clients and staff members.
On the other side, the pandemic has provided opportunities for facility management companies to expand their services, particularly in disinfection, air quality management, and remote monitoring. With increased demand for these services, facility management companies in Kuwait may be able to increase their income and market share.
Overall, while the COVID-19 pandemic has definitely had a significant effect on the facility management market in Kuwait, it has also created new opportunities for growth and innovation in the industry.
Scope of the Report:
| Report Metric | Details |
| Market size available for years | 2019-2032 |
| Base year considered | 2021 |
| Forecast period | 2022-2032 |
| Segments covered | By Type of Facility Management, By Offering Type, By End User
|
| Regions covered | Sulaibiya, Shuwaikh, Ardiya, Jehra, Others
|
| Companies Covered | O & G Engineering W.L.L, Fawaz Trading & Engineering Services Co. W.L.L, Ecovertfm Kuwait, Al Mazaya Holding Company, Al Mazaya Holding Company, Al-Awsat United Real Estate Co, R & E Petroleum Co, Refrigeration Industries Co, Primco, United Facilities Management, Al Mulla Group Holding, Golf Engineering, Refrigeration Industries Co.
|
Target Audience-
- Industrial Facilities
- Commercial and Office Buildings
- Hospitality Industry
Kuwait Facility Management Market Segmentation:
1. By Type of Facility Management:
- In-house Facility Management
- Outsourced Facility management
2. By Offering Type:
3. By End User:
- Commercial
- Industrial
- Institutional
- Public/Infrastructure
- Others
4. By Region:
- Sulaibiya
- Shuwaikh
- Ardiya
- Jehra
- Others
Key Topics Covered in the Report:
- Kuwait Facility Management Market Size (FY’2019-FY’2032)
- Overview of Kuwait Facility Management Market
- Segmentation of Kuwait Facility Management Market By Type of Facility Management (In-house Facility Management, Outsourced Facility Management)
- Segmentation of Kuwait Facility Management Market By Offering Type (Hard FM, Soft FM)
- Segmentation of Kuwait Facility Management Market By End User (Commercial, Industrial, Institutional, Public/Infrastructure, Others)
- Statistical Snap of Kuwait Facility Management Market
- Growth Analysis of Kuwait Facility Management Market
- Problems and Challenges in Kuwait Facility Management Market
- Competitive Landscape in the Kuwait Facility Management Market
- Impact of COVID-19 and Demonetization on Kuwait Facility Management Market
- Details on Recent Investment in Kuwait Facility Management Market
- Competitive Analysis of Kuwait Facility Management Market
- Key Players in the Kuwait Facility Management Market
- SWOT Analysis of Kuwait Facility Management Market
- Kuwait Facility Management Market Future Outlook and Projections (FY’2019-FY’2032)
- Recommendations from Analyst
1. Introduction
1.1. Scope of the report
1.2. Market segment analysis
2. Research Methodology
2.1 Research data source
2.1.1 Secondary data
2.1.2 Primary data
2.1.3 SPER’s internal database
2.1.4 Premium insight from KOL’s
2.2 Market size estimation
2.2.1 Top-down and Bottom-up approach
2.3 Data triangulation
3. Executive Summary
4. Market Dynamics
4.1. Driver, Restraint, Opportunity and Challenges analysis
4.1.1 Drivers
4.1.2 Restraints
4.1.3 Opportunities
4.1.4 Challenges
4.2. COVID-19 Impacts of the Kuwait Facility Management Market
5. Market variables and outlook
5.1. SWOT analysis
5.1.1 Strengths
5.1.2 Weaknesses
5.1.3 Opportunities
5.1.4 Threats
5.2. PESTEL analysis
5.2.1 Political landscape
5.2.2 Economic landscape
5.2.3 Social landscape
5.2.4 Technological landscape
5.2.5 Environmental landscape
5.2.6 Legal landscape
5.3. PORTER’S five forces analysis
5.3.1 Bargaining power of suppliers
5.3.2 Bargaining power of Buyers
5.3.3 Threat of Substitute
5.3.4 Threat of new entrant
5.3.5 Competitive rivalry
5.4. Heat map analysis
6. Competitive Landscape
6.1 Kuwait Facility Management Manufacturing Base Distribution, Sales Area, Product Type
6.2 Mergers & Acquisitions, Partnerships, Product Launch, and Collaboration in Kuwait Facility Management Market
7. Kuwait Facility Management Market, By Type of Facility Management, 2019-2032 (USD Million)
7.1 In-house Facility Management
7.2 Outsourced Facility management
7.2.1 Bundled FM
7.2.2 Integrated FM
7.2.3 Single FM
8. Kuwait Facility Management Market, By Offering Type, 2019-2032 (USD Million)
8.1 Hard FM
8.2 Soft FM
9. Kuwait Facility Management Market, By End User, 2019-2032 (USD Million)
9.1 Commercial
9.2 Industrial
9.3 Institutional
9.4 Public/Infrastructure
9.5 Others
10. Kuwait Facility Management Market, By Region, 2019-2032 (USD Million)
10.1 Kuwait Facility Management Size and Market Share by Region (2019-2025)
10.2 Kuwait Facility Management Size and Market Share by Region (2026-2032)
10.3 Sulaibiya
10.4 Shuwaikh
10.5 Ardiya
10.6 Jehra
10.7 Others
11. Company Profiles
11.1 O & G Engineering W.L.L
11.1.1 Company details
11.1.2 Financial outlook
11.1.3 Product summary
11.1.4 Recent developments
11.2 Fawaz Trading & Engineering Services Co. W.L.L
11.2.1 Company details
11.2.2 Financial outlook
11.2.3 Product summary
11.2.4 Recent developments
11.3 Ecovertfm Kuwait
11.3.1 Company details
11.3.2 Financial outlook
11.3.3 Product summary
11.3.4 Recent developments
11.4 Al Mazaya Holding Company
11.4.1 Company details
11.4.2 Financial outlook
11.4.3 Product summary
11.4.4 Recent developments
11.5 Al-Awsat United Real Estate Co.
11.5.1 Company details
11.5.2 Financial outlook
11.5.3 Product summary
11.5.4 Recent developments
11.6 R&E Petroleum Co.
11.6.1 Company details
11.6.2 Financial outlook
11.6.3 Product summary
11.6.4 Recent developments
11.7 Refrigeration Industries Co.
11.7.1 Company details
11.7.2 Financial outlook
11.7.3 Product summary
11.7.4 Recent developments
11.8 Primco
11.8.1 Company details
11.8.2 Financial outlook
11.8.3 Product summary
11.8.4 Recent developments
11.9 United Facilities Management
11.9.1 Company details
11.9.2 Financial outlook
11.9.3 Product summary
11.9.4 Recent developments
11.10 Al Mulla Group Holding Management
11.10.1 Company details
11.10.2 Financial outlook
11.10.3 Product summary
11.10.4 Recent developments
11.11 Golf Engineering
11.11.1 Company details
11.11.2 Financial outlook
11.11.3 Product summary
11.11.4 Recent developments
11.12 Refrigeration Industries Co.
11.12.1 Company details
11.12.2 Financial outlook
11.12.3 Product summary
11.12.4 Recent developments
12. List of Abbreviations
13. Reference Links
14. Conclusion
15. Research Scope
SPER Market Research’s methodology uses great emphasis on primary research to ensure that the market intelligence insights are up to date, reliable and accurate. Primary interviews are done with players involved in each phase of a supply chain to analyze the market forecasting. The secondary research method is used to help you fully understand how the future markets and the spending patterns look likes.
The report is based on in-depth qualitative and quantitative analysis of the Product Market. The quantitative analysis involves the application of various projection and sampling techniques. The qualitative analysis involves primary interviews, surveys, and vendor briefings. The data gathered as a result of these processes are validated through experts opinion. Our research methodology entails an ideal mixture of primary and secondary initiatives.
