June 2017 Kuwait Facility Management Market Outlook to 2021
Executive Summary The report titled“ Kuwait Facilities Management Market Outlook to 2021- Growing Retail Industry and Upcoming Infrastructure Projects to Drive Market Growth” provides a comprehensive analysis on the facilities management market in Kuwait. The report covers various aspects such as overall size of Kuwait facilities management market size in terms of revenues, Market segmentation of Kuwait facilities management market on the basis of types of services, by integrated, bundled and single services, Business sectors, In-house & outsourcing, trends and growth drivers of the industry, issue & challenges, market share, and future analysis of the industry and segmentation, government regulatory. The report also covers the competitive landscape of the industry, list of upcoming infrastructure projects. The report serves as a benchmark for every new player which is seeking to enter into facilities management market in Kuwait. This report helps readers to identify the ongoing trends in the industry and anticipated growth in future depending upon changing industry dynamics in coming years. The report is useful for facilities management companies, integrated facilities management and other stakeholders to align their market centric strategies according to ongoing and expected trends in the future. Kuwait Facilities Management Market The facilities management service industry in Kuwait is at nascent stage. The market has witnessed a robust growth over past five years. The facilities management industry has begun growing with the outsourcing of soft services such as cleaning, housekeeping and others in Kuwait Facilities Management is a management discipline that supports and improves core company processes and increases return on investment by result-oriented use of resources, services, and activities, vital to the success of any organization. The developments in the technology have been approaching people to move towards adopting the facilities management. The market has increased from USD ~ million in 2011 to USD ~ million in 2016, growing at a CAGR of ~% during the period. The major growth driver for the industry during this period was rapid increase in the construction sector of the country. The demand for Facilities management services has also increased owing to the rising requirement of concierge, manguarding, maintenance and housekeeping services in commercial buildings and shopping complexes and professionalism in the management of all the facilities with increasing regards towards cleanliness. Moreover, growing number of super and hyper markets in the country has also positively impacted the demand for facilities management services in the country. Market Segmentation By type of Services: Soft Services market has dominated the facilities management industry in Kuwait with the share of ~% in 2016. Hard services in the country have added a share of ~% in 2016. By Integrated, Single and bundled services: Single services are the largest contributor in the industry with the share of ~% in the revenues of the industry in 2016. Single Services have separate contracts for specific service, which is placed with specialist providers. Integrated services have contributed a share of ~% in the revenues of the industry. Integrated facilities management services are offering consolidated services from cleaning
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