Facility management services comprise supporting individuals who assist in ensuring the functionality, comfort, safety, sustainability, and efficiency of the buildings we reside or work in and their adjacent infrastructure. According to a recent report drafted by MarkNtel Advisors, the Qatar Facility Management Market is likely to grow at a CAGR of about 8.0% during the forecast period, 2023-28.
One of the prominent factors fueling the growth of the market is the rising emphasis of the government on the expansion of infrastructures directed to expand the economy away from oil & gas exports. Moreover, the country is witnessing massive ongoing construction projects in numerous sectors such as corporate, commercial, and tourism, which is further expected to trigger the demand for facility management services in the country.
Additionally, the organization of many big events like the FIFA World Cup 2022 in Qatar coupled with the implementation of green building practices has also boosted the demand for facility management services and has enhanced the overall infrastructure of Qatar.
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Probing into the Segmentation of the Qatar Facility Management Market
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Since the past years, Hard Services attained the highest share in the Qatar Facility Management Market, and the trend is anticipated to continue during 2023-28 as well. Ensuring the integrity and optimal physical condition of a facility is a key factor driving the dominance of the hard services segment in the market. Additionally, the increasing demand for these management services is fueled by their numerous advantages and growing popularity among consumers. Thus, the proliferation of startups & multinational corporations is further driving the growth of facility management in the hard services sector.
The Outsourced Operating Model is likely to observe a generous demand and substantially contribute to the growth of the Qatar Facility Management Market in the forecast years. The major factor contributing to the rising demand is the existence of several service providers providing varied amenities & features in their portfolio, thus, enticing a massive amount of consumers. Moreover, the demand for this operating model is witnessing a massive surge in Qatar since they help enhance the inclusive cost of facility management for the organization by outsourcing services to certified third-party vendors.
Leading Competitors in the Qatar Facility Management Market
The major companies leading in the Qatar Facility Management Market include Emcor Facilities Services WLL, Al Faisal Holdings (MMG Qatar), Sodexo Qatar Services, Al-Asmakh Facilities Management, G4S QATAR SPC, Facilities Management & Maintenance Company LLC, Engie Cofely Mannai Facility Management, Como Facility Management Services, Amenity Facility Management & Services WLL, EFS Facilities Services, Mosanada Facilities Management Services, Elegancia Group, Al Tamyoz Business Group, and others.
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