July 2017 Qatar Facilities Management Market Outlook to 2021
Executive Summary
Qatar Facilities Management Market Outlook to 2021- Ken Research
Ken Research announced its latest publication on“ Qatar Facilities Management Market Outlook to 2021- Increasing Infrastructural Developments and Outsourcing of Hard Services to Foster Future Growth” suggested a rapid growth in Qatar Facilities Management market majorly driven by expanding real estate and construction industry in the country. The facilities management market of the country has been further explained with details on market share contributed by major service providers in various regions of Qatar. The stakeholders of this report include facilities management service providers, companies involved in research, real estate and infrastructure developers in Qatar and the new entrants and venture capitalists who wish to invest in facilities management market in future. Detailed comparative analysis of major FM service providers has also been provided. Various marketing analysis factors such as trends and developments and SWOT analysis are also added in the study. The future analysis of the overall Qatar Facilities Management market has also been discussed along with recommendations from analyst view.
Qatar Facilities Management Market The growing GDP of Qatar made the country to be positioned among the top ten fastest growing economies of the world in 2016. This invited international players to invest in various sectors of the nation, thereby leading to the growth of the overall facilities management market during the same period. Facilities management market in the Qatar increased to USD ~ million in 2016 from USD ~ million in 2011, marking a robust CAGR of ~% during the same period. Establishment of The Sheraton Park, Sidra Medical Research Centre and Western Green Spine in Doha between 2014 and 2016 raised the demand for facilities services providers in the country, which offered manpower and other technical resources to the developers.
Qatar Facilities Management Market Segmentation Hard services require technical assistance and expert knowledge of the service providers. Basic services provided under this segment include fire safety and security systems required by all sectors in Qatar, technical operations and maintenance, electromechanical services and HVAC services. Since customers have to incur heavy expenditure for undertaking hard services, this segment dominated the market with ~% revenues of facilities management services in 2016. Most revenues in the facilities management market were generated through the integrated services wherein market players offered almost all type of facilities services to the clients. Since prices of collective services are higher than individual or a combination of few services, this segment dominated the overall market with a share of ~% in the revenues in 2016.
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