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Qatar Facility Management Market Outlook, 2019 to 2024 - Anticipated to Register a CAGR of 8.5%, with Lucrative Opportunities in the Upcoming International Mega Events in the Country

/EIN News/ -- Dublin, March 26, 2019 (GLOBE NEWSWIRE) -- The "Qatar Facility Management Market (2014-2024)" report has been added to ResearchAndMarkets.com's offering

The Qatari facility management market is predicted to advance with a CAGR of 8.5% through the forecast period (2019-2024).

The market is witnessing growth due to increasing construction activities in the country, owing to upcoming global events, such as FIFA World Cup 2022. Facility management refers to professional services that ensure the proper functioning of built structures by integrating the process, technology, people, and place. In addition, these services also make sure that the environment for employees, residents, and building visitors is safe and clean.

The Qatari facility management market, on the basis of services, is divided into cleaning services, security services, property services (mechanical and electrical maintenance; heating, ventilation, and air conditioning {HVAC} maintenance; and others), catering services, support services, environmental services, and other services. The other services category consists of furniture supplies, reception staffing, utility management, and contract management.

Among all the services, the property services category held the largest revenue share (more than 25%) in the Qatari facility management market in 2017. Property services offer benefits, such as rent collection, short vacancy cycles, decreased tenant turnover, low maintenance costs, assistance with taxes, and others, due to which, the demand for this service type is growing in the country at a rapid pace.

On the basis of end user, the Qatari facility management market is categorized into industrial, commercial, and residential, out of which the commercial category led the market in 2017 with more than 40% revenue contribution. The sector is experiencing an increasing demand for facility management services due to growing awareness among end users about commercial building management as a means to optimize their expenditure. During the forecast period, the facility management market in the country is expected to witness a significant growth in the commercial end user category.

During 2019-2022, Qatar will host some major international events, such as FIFA World Cup, World Artistic Championship for Gymnastics, International Conference on Environment and Natural Science, and Gulf Expo, which are expected to create a huge demand for facility management services. To offer lodging to participants and visitors from different countries during such large-scale events, the country will require proper infrastructure and hospitality services. Therefore, these events will create lucrative opportunities for the key Qatari facility management market players to prosper.

Currently, some of the major market players are Cofely Besix Facility Management, Mosanada Facilities Management Services, COMO Facilities Management Services, Al-Asmakh Management WLL, Elegancia Hospitality & Facility Management Services, CBM Qatar LLC, OCS Qatar LLC, Al Tamyoz Business Group, Confident Enterprises WLL, Conservo Facility Management Co. WLL, and ASTAD.

Key Topics Covered

Chapter 1. Research Background
1.1 Research Objectives
1.2 Market Definition
1.3 Research Scope
1.3.1 Market Segmentation by Service
1.3.2 Market Segmentation by End User
1.3.3 Market Segmentation by Mode
1.3.4 Market Segmentation by Type
1.3.5 Analysis Period
1.3.6 Market Data Reporting Unit
1.3.6.1 Value
1.4 Key Stakeholders

Chapter 2. Research Methodology
2.1 Secondary Research
2.2 Primary Research
2.2.1 Breakdown of Primary Research Respondents
2.2.1.1 By industry participant
2.2.1.2 By company type
2.3 Market Size Estimation
2.4 Data Triangulation
2.5 Assumptions for the Study

Chapter 3. Executive Summary

Chapter 4. Introduction
4.1 Definition of Market Segments
4.1.1 By Service
4.1.1.1 Property services
4.1.1.1.1 HVAC maintenance services
4.1.1.1.2 Mechanical and electrical maintenance services
4.1.1.1.3 Other services
4.1.1.2 Cleaning services
4.1.1.3 Security services
4.1.1.4 Catering services
4.1.1.5 Support services
4.1.1.6 Environmental management services
4.1.1.7 Other services
4.1.2 By End User
4.1.2.1 Commercial
4.1.2.2 Industrial
4.1.2.3 Residential
4.1.3 By Mode
4.1.3.1 In-house
4.1.3.2 Outsourced
4.1.3.2.1 Integrated
4.1.3.2.2 Bundled
4.1.3.2.3 Single
4.1.4 By Type
4.1.4.1 Hard
4.1.4.2 Soft
4.1.4.3 Others
4.2 Market Dynamics
4.2.1 Trends
4.2.1.1 Increasing infrastructural development in the country
4.2.1.2 Increasing awareness regarding protection of assets
4.2.2 Drivers
4.2.2.1 Upcoming FIFA World Cup 2022 in the country
4.2.2.2 Qatar National Vision 2030
4.2.2.3 Impact analysis of drivers on the market forecast
4.2.3 Restraints
4.2.3.1 Stringent staffing policies and labor law of the country
4.2.3.2 Impact analysis of restraints on the market forecast
4.2.4 Opportunities
4.2.4.1 Increasing demand for outsourced facility management services
4.2.4.2 Upcoming international mega events in the country
4.3 Porter's Five Forces Analysis

Chapter 5. Qatar Market Size and Forecast
5.1 By Service
5.1.1 Property Services, by Type
5.2 By End User
5.3 By Mode
5.3.1 Outsourced Mode, by Type
5.4 By Type

Chapter 6. Competitive Landscape
6.1 Market Share Analysis of Key Players
6.2 Benchmarking of Key Players
6.3 Strategic Developments of Key Players
6.3.1 Contract Wins

Chapter 7. Company Profiles
7.1 Mosanada Facilities Management Services
7.1.1 Business Overview
7.1.2 Product and Service Offerings
7.2 Cofely Besix Facility Management
7.3 Al-Asmakh Facilities Management WLL
7.4 COMO Facilities Management Services
7.5 OCS Qatar LLC
7.6 CBM Qatar LLC
7.7 Elegancia Hospitality & Facility Management Services
7.8 Al Tamyoz Business Group
7.9 Conservo Facility Management Co. WLL
7.10 Confident Enterprises WLL
7.11 ASTAD
7.12 List of Other Players

For more information about this report visit https://www.researchandmarkets.com/research/c2hrkh/qatar_facility?w=12

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Related Topics: Facilities Management 

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