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Qatar Facility Management Market: Market Segments: By Service (Property[HVAC Maintenance, Mechanical & Electrical Maintenance], Cleaning, Security, Catering, Support, Environmental Management and Other Services);By End User (Commercial, Residential&Industrial)ByMode (In-House&Outsourced[Integrated, Bundled, Single]); By Type (Hard, Soft and Others); and Region - Analysis of Market Size, Share & Trends for 2014 - 2019 and Forecasts to 2030
Facility Management has become one of the influential sectors yearnings for maximum recognition for a long period of time. The development began about a few decades ago when end-users considered the option of outsourcing the operation, maintenance, and other non-core activities related to the facility to a professional company that formed a new industry called FM. Today, FM has grown as a consumer delight by using advanced technology and modular building models to accommodate various needs, giving way to managing facilities. FM Services are classified into two main types: Hard Services: Electrical, Mechanical, Plumbing, HVAC, Fire Safety, and other systems/solutions related to construction maintenance. Cleaning, Security/Staffed Guards, Landscaping, Waste Collections, Pest Control, Rope Entry, Catering, and other related services are included.
Qatar Facility Management Market to surpass USD 13.53 million by 2030 from USD 6.53 million in 2018 at a CAGR of 6.9% throughout the forecast period, i.e. 2019-30. Growth in the country's market is driven by the increasing use of facility management services in commercial buildings, residential construction projects, infrastructure projects, and industrial projects. As various projects are underway, the demand is expected to expand in Qatar, following governments' strategic measures to accelerate demand development in the coming years.
Qatar Facility Management Market is segmented by service property services (heating, ventilation, and air conditioning (HVAC) maintenance; mechanical and electrical maintenance; and others), cleaning services, security services, catering services, support services, environmental management services, and other services. The cleaning services segment accounted for the larger market share in 2019 and is expected to be the fastest-growing category during the forecast period owing to the growing hospitality and tourism industry in the country.
Qatar Facility Management Market is segmented by mode into in-house and outsourced (integrated, bundled, and single). Based on mode, the greater market share was accounted for by the in-house group due to the high acceptance rate, long-standing presence, and comparatively low price. The dominance of the in-house mode of service is driven by the fact that a large number of businesses are still operating through internal facility management teams or professionals who maintain their properties on a regular basis.
Qatar Facility Management Market is segmented by end-user into commercial, industrial, and residential. Based on end-user, the greater market share was accounted for commercial segment due to its economic diversification plan, the country is experiencing a large-scale expansion of hotels, shopping centers, malls, and a host of other commercial ventures, which are expected to fuel demand in Qatar for facilities management services.
The investment in the infrastructure sector has been increasing due to the upcoming mega-events in the country, such as the FIFA World Cup 2022, the Gulf Expo, and others, the Qatar facility management market has a promising future. For example, in order to host the 2022 FIFA World Cup, more than $200 billion is being invested in infrastructure development in the country, including new rail lines, new international airports and ports, highways, hotels, and numerous others. Also, the rapid expansion of tourism, education, and real estate sectors would contribute toward the economic growth of the country and result in demand for facility maintenance services.
Qatar's National Vision 2030 was introduced in 2008 which is one of the key forces expected to drive the development of Qatar's facility management sector. It is focused on four main pillars, including human growth, social development, economic development, and the development of the environment. The objective of the national vision is to develop the country by reducing its economic dependence on the oil and gas industry and by strengthening other sectors, such as infrastructure and tourism. The vision lays the groundwork for the rapid growth of infrastructure and investments to achieve its goal. The vision will include large areas of opportunity for the creation and growth of the country's facility management sector.
The country's stringent staffing policies and labor laws act as the major constraints on the Qatari facility management market's growth. Overtime dues are some of the main points of Qatar labor law; compulsory benefits such as paid leave, sick leave, gender equality, termination of service benefits, health insurance, and termination of employment; and others. Market-based companies also face problems with securing workers' permits, seeking housing for employees, and others.
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