Product Overview

For a long period of time, Facility Management has become one of the influential sectors yearnings for maximum recognition. 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.

Market Highlights

Kuwait Facility Management Market is expected to project a notable CAGR in 2030.

Kuwait Facility Management Market to surpass USD XXXX million by 2030 from USD XXXX million in 2019 at a CAGR of XX% throughout the forecast period, i.e. 2020-30. 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 Kuwait countries, following governments' strategic measures to accelerate demand development in the coming years.

Kuwait Facility Management Market: Segments

Catering and Support Services Segment to grow with the highest CAGR during 2019-30

Kuwait Facility Management Market is segmented by service into property services, 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 their growing demand in the country’s hospitality and service industries.

In-House segment to grow with the highest CAGR during 2019-30

Kuwait Facility Management Market is segmented by mode into outsourced, and in-house. 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 regularly.

Kuwait Facility Management Market: Market Dynamics

Drivers

Growing hospitality industry in the country

country 's rising hospitality industry and increasing investment in upcoming infrastructure projects are the key drivers that are expected to propel the Kuwaiti facility management sector to expand. Kuwait's increasing real estate industry and the young people's per capita income are also leading to high-quality residential options, resulting in increased demand for companies to operate these facilities. The country is focused on reducing its economic dependence on revenues from oil and gas, which is one of the main drivers of increased investment in hospitality.

Upcoming infrastructure projects

Increasing investment in upcoming projects, especially in residential and commercial units, shopping centers, and others, would reinforce the country's demand for facility management services. Mega-building projects in these economies and rising government spending to further build better and smarter infrastructure offer enormous opportunities for market players in facility management to expand their businesses in the region. Local and regional players are leveraging the business opportunity to provide these assets with maintenance facilities. Kuwait's real estate development firms are also launching their own affiliates. Thus, infrastructure development would have a positive effect on the growth of the Kuwaiti facility management industry.

Restraints

Lack of competent professional resources

The main constraint in the Kuwaiti facility management sector is the lack of qualified technical resources. As facility management is a labor-intensive industry, the recruitment of professional workers is a challenge for service providers. This complicates the work of these firms, as their programs are entirely workforce-based. Efficient technical tools provide consumers with effective distribution and quality services. Also, as businesses rely on expatriate employees, employee immigration laws and regulations are a major challenge faced by market players in the region. ​

KUWAIT Facility Management Market: Key Players

EMCOR Group Inc.

Company Overview

Business Strategy

Key Product Offerings

Financial Performance

Key Performance Indicators

Risk Analysis

Recent Development

Regional Presence

SWOT Analysis

Khidmah LLC

Interserve plc.

Musandam Facilities Management Co. Ltd

Emrill Services LLC

Cofely Besix Facility Management

Imdaad LLC

United Facilities Management

Farnek Services LLC

Kharafi National

KUWAIT Facility Management Market report also contains analysis on:

KUWAIT Facility Management Market Segments:

By Service:

Property services

HVAC maintenance services

Mechanical and electrical maintenance services

Other services

Cleaning services

Security services

Catering services

Support services

Environmental management services

Other services

By End User:

Commercial

Industrial

Residential

By Mode:

In-house

Outsourced

Integrated

Bundled

Single

By Type:

Hard

Soft

Others

KUWAIT Facility Management Market Dynamics

KUWAIT Facility Management Market Size

Supply & Demand

Current Trends/Issues/Challenges

Competition & Companies Involved in the Market

Value Chain of the Market

Market Drivers and Restraints

Contents

1. Executive Summary

2. Kuwait Facility Management Market

1. Product Overview

2. Market Definition

3. Segmentation

4. Assumptions and Acronyms

3. Research Methodology

1. Research Objectives

2. Primary Research

3. Secondary Research

4. Forecast Model

5. Market Size Estimation

4. Average Pricing Analysis

5. Macro-Economic Indicators

6. Market Dynamics

1. Growth Drivers

2. Restraints

3. Opportunity

4. Trends

7. Correlation & Regression Analysis

1. Correlation Matrix

2. Regression Matrix

8. Recent Development, Policies & Regulatory Landscape

9. Risk Analysis

1. Demand Risk Analysis

2. Supply Risk Analysis

10. Kuwait Facility Management Analysis

1. Porters Five Forces

1. Threat of New Entrants

2. Bargaining Power of Suppliers

3. Threat of Substitutes

4. Rivalry

2. PEST Analysis

1. Political

2. Economic

3. Social

4. Technological

11. Kuwait Facility Management Market

1. Market Size & forecast, 2019A-2030F

1. By Value (USD Million) 2019-2030F; Y-o-Y Growth (%) 2020-2030F

2. By Volume (Million Units) 2019-2030F; Y-o-Y Growth (%) 2020-2030F

12. Kuwait Facility Management Market: Market Segmentation

1. By Service: Market Share (2020-2030F)

1. Property services, By Value (USD Million) 2019-2030F; Y-o-Y Growth (%) 2020-2030F

2. Cleaning services, By Value (USD Million) 2019-2030F; Y-o-Y Growth (%) 2020-2030F

3. Security services, By Value (USD Million) 2019-2030F; Y-o-Y Growth (%) 2020-Catering services, By Value (USD Million) 2019-2030F; Y-o-Y Growth (%) 2020-2030F

4. Support services, By Value (USD Million) 2019-2030F; Y-o-Y Growth (%) 2020-2030F

5. Environmental management services, By Value (USD Million) 2019-2030F; Y-o-Y Growth (%) 2020-2030F

6. Other services, By Value (USD Million) 2019-2030F; Y-o-Y Growth (%) 2020-2030F

2. By End User: Market Share (2020-2030F)

1. Commercial, By Value (USD Million) 2019-2030F; Y-o-Y Growth (%) 2020-2030F

2. Industrial, By Value (USD Million) 2019-2030F; Y-o-Y Growth (%) 2020-2030F

3. Residential, By Value (USD Million) 2019-2030F; Y-o-Y Growth (%) 2020-2030F

3. By Mode: Market Share (2020-2030F)

1. In-house, By Value (USD Million) 2019-2030F; Y-o-Y Growth (%) 2020-2030F

2. Outsourced, By Value (USD Million) 2019-2030F; Y-o-Y Growth (%) 2020-2030F

4. By Type: Market Share (2020-2030F)

1. Hard, By Value (USD Million) 2019-2030F; Y-o-Y Growth (%) 2020-2030F

2. Soft, By Value (USD Million) 2019-2030F; Y-o-Y Growth (%) 2020-2030F

3. Others, By Value (USD Million) 2019-2030F; Y-o-Y Growth (%) 2020-2030F

Company Profile

1. EMCOR Group Inc

1. Company Overview

2. Company Total Revenue (Financials)

3. Market Potential

4. Global Presence

5. Key Performance Indicators

6. SWOT Analysis

7. Product Launch

2. Kharafi National

3. Kharafi National.

4. Fawaz Refrigeration & Air Conditioning Company

5. EcovertFM Kuwait

6. Al Mazaya Holding Company

7. Al-Awsat United Real Estate Co

8. R&E Petroleum Co

9. Refrigeration Industries & Storage Company

10. Other Prominent Players

Consultant Recommendation

**The above-given segmentations and companies could be subjected to further modification based on in-depth feasibility studies conducted for the final deliverable.

Methodology/Research Approach

This research study involved the extensive usage of both primary and secondary data sources. The research process involved the study of various factors affecting the industry, including the government policy, market environment, competitive landscape, historical data, present trends in the market, technological innovation, upcoming technologies and the technical progress in related industry, and market risks, opportunities, market barriers and challenges. The following illustrative figure shows the market research methodology applied in this report.

Research Programs/Design

Historical Data (2015-2019)	Industry Trends Competitive Landscape By Company Expansion Mergers and Acquisitions Market Segment by Type by Application By Regions/ Geography	Value Status and Outlook Value for Major Players Market Share Growth Rate Present Situation Analysis Value Market Share Growth Rate Present Situation Analysis
Influencing Factors	Market Environment Government Policy Technological Changes Market Risks	Market Drivers Growing Demand of Downstream Reduction in Cost
Market Forecast (2021-2026)	Overall Size by Type by Application By Regions/Geography	Key Data (Value) Market Share Growth Rate CAGR (2021-2026)

Market Size Estimation

Top-down and bottom-up approaches are used to validate the global Voluntary Carbon Offset market size market and estimate the market size for Company, regions segments, product segments and Application (end users).

The market estimations in this report are based on the marketed sale price of Voluntary Carbon Offset (excluding any discounts provided by the player, distributor, wholesaler or traders). The percentage splits, market share, and breakdowns of the product segments are derived on the basis of weights assigned to each of the segments on the basis of their utilization rate and average sale price. The regional splits of the overall Voluntary Carbon Offset market and its sub-segments are based on the percentage adoption or utilization of the given product in the respective region or country.

Major Company in the market is identified through secondary research and their market revenues determined through primary and secondary research. Secondary research included the research of the annual and financial reports of the top Company; whereas, primary research included extensive interviews of key opinion leaders and industry experts such as experienced front-line staff, directors, CEOs and marketing executives. The percentage splits, market share, Growth Rate and breakdowns of the product markets are determined through using secondary sources and verified through the primary sources.

All possible factors that influence the markets included in this research study have been accounted for, viewed in extensive detail, verified through primary research, and analyzed to get the final quantitative and qualitative data. The market size for top-level markets and sub-segments is normalized, and the effect of inflation, economic downturns, and regulatory & policy changes or other factors are not accounted for in the market forecast. This data is combined and added with detailed inputs and analysis from Market Intellix and presented in this report

The following figure shows an illustrative representation of the overall market size estimation process used for this study.

Market Breakdown and Data Triangulation

After complete market engineering with calculations for market statistics; market size estimations; market forecasting; market breakdown; and data triangulation, extensive primary research was conducted to gather information and verify and validate the critical numbers arrived at. In the complete market engineering process, both top-down and bottom-up approaches were extensively used, along with several data triangulation methods, to perform market estimation and market forecasting for the overall market segments and sub-segments listed in this report. Extensive qualitative and further quantitative analysis is also done from all the numbers arrived at in the complete market engineering process to list key information throughout the report.

Data Source

Secondary Sources

Secondary sources include such as press releases, annual reports, non-profit organizations, industry associations, governmental agencies and customs data, etc. This research study involves the usage of widespread secondary sources, directories, databases such as Bloomberg Business, Wind Info, Hoovers, Factiva (Dow Jones & Company), and TRADING ECONOMICS, and News Network, statista, Federal Reserve Economic Data, annual reports, BIS Statistics, ICIS; company house documents; CAS(American Chemical Society); investor presentations; and SEC filings of companies. Secondary research was used to identify and collect information useful for the extensive, technical, market-oriented, and Hospitals study of the Voluntary Carbon Offset market. It was also used to obtain important information about the top companies, market classification and segmentation according to industry trends to the bottom-most level, and key developments related to market and technology perspectives.

Market Size	Segmental value Geographic Penetration Product Adoption Rate for Different market	Journals, Websites, and Press Releases Annual Reports and SEC Filings Company Websites and Press Releases Public and Paid Databases Market Intellix Data Repository
Market Position of Top Company	Product Financials Geographic value Mix Total Company value Business/Segmental value Mix
Qualitative Analysis	Influence Factors Market Potential Market Risks and Opportunities Industry Trends Geographical Features Government Policies	Company Websites and Press Releases Public and Paid Databases Annual Reports Industry Associations Market Intellix Data Repository

Primary Sources

In the primary research process, various sources from both the supply and demand sides were interviewed to obtain qualitative and quantitative information for this report. The primary sources from the supply side include product Company (and their competitors), opinion leaders, industry experts, research institutions, distributors, dealer and traders, as well as the raw materials suppliers and producers, etc.

The primary sources from the demand side include industry experts such as business leaders, marketing and sales directors, technology and innovation directors, supply chain executive, end use (product buyers), and related key executives from various key companies and organizations operating in the global market.

Primary research was conducted to identify segmentation Type, product price range, product Application, key Company, raw materials supply and the downstream demand, industry status and outlook, and key market dynamics such as risks, influence factors, opportunities, market barriers, industry trends, and key player strategies.

Key Executives Interviewed

Key Data Information from Primary Sources

Primary Sources	Parameters	Key Data
Market Segments(by Application, by Type)	Value by Type Status and Forecast Value by Application Value by Regions, Status and Forecast (2021-2026)	Value Market Share by Type Value Growth Rate by Type Value by Application Percentage and Growth Rate by Application Value Growth Rate and Market Share by Regions Market Size Status and Forecast (2021-2026)
Total Market	Overall Size, Status and Forecast	Market Size Status and Forecast (2021-2026)