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Qatar Facilities Management Market Size on the Basis of Revenues in USD Million and Growth Rate in by Ankur Gupta






Article Author Biography
Qatar Facilities Management Market Size on the Basis of Revenues in USD Million and Growth Rate in by
Article Posted: 07/27/2017
Article Views: 403
Articles Written: 1063
Word Count: 800
Article Votes: 0
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Qatar Facilities Management Market Size on the Basis of Revenues in USD Million and Growth Rate in


 
Construction,Business
The advent of latest techniques in various sectors surged the demand for facilities services in the country, wherein market players earned significant revenues by catering to the needs of the population through their portfolio of hard services. Facility Management Opportunities Qatar, Facility Management Services in Qatar ,Completion of major infrastructural projects including the construction of Doha Central Grand Park in 2011, Museum of Islamic Art Park in 2012 and expansion of The Pearl led to the growth of the facilities management market between 2011 and 2013 as such projects required both hard and soft services for development purposes.

Facilities Management market in Qatar increased to USD ~ million in 2013 from USD ~ million in 2011 at a CAGR of ~% during the same period.

Rising share of hard services in the revenues of the overall market, typically due to the increasing demand for HVAC services has been

the major driving factor which has augmented the growth of facilities services in Qatar during 2011-2016.

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. 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.

Which Facilities Service Type Generated The Maximum Revenue For Qatar Facilities Management Market?

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 Heating, Ventilation and Air Conditioning (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.

Soft services which typically include cleaning, pest control, waste management, landscape access, archive management and other housekeeping services, collectively contributed ~% to the overall market revenues through soft services in the country. Soft services are available at a lower price than hard services due to limited or no requirements for well trained technicians, thus limiting the revenues earned by the players in the facilities management market. Major players affecting the overall market revenues by offering soft services in Qatar are G4S and SNC-Lavalin ProFac Gulf Management LLC.

Which Among Integrated, Single And Bundled Services Has The Highest Revenue Share In The Overall Market?

Most revenues in the facilities management market were generated through the integrated services wherein market players offered almost all types 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.

Imparting a bundle of either hard services or soft services to the clients helped the facilities management company in serving the customers with the most appropriate services, thus retaining them to opt other services in the future. This segment added a share of ~% to the overall revenues of facilities management market in 2016.

Offering single facilities service to the customers restricted the revenue of the players typically operating under this segment, thus making single services acquire the least market share of ~% in the overall revenues in 2016. However, customers preferred single services from the market players which have an expertise in providing a particular service, thereby adding to the revenues of the market during the same period.

Topics Covered in The report

Facility Management Opportunities Qatar, Qatar Facility Management Market, Qatar Facilities Management Industry, Market Size Facility Management Qatar, Market Growth Facilities Management Middle East, Qatar Facilities Management Market, Industry Segment Soft Services Qatar, Hard Facility Management Market Qatar, Competition in Facilities Management Qatar, Trends in Facilities Management in Qatar, Government Role FM Market Qatar, Airport FM Services Management Qatar, Role of FM Services Qatar, Facility Management Services in Qatar,

For further reading click on the link below:

https://www.kenresearch.com/manufacturing-and-construction/real-estate/qatar-facility-management-market/127108-97.html

Related Reports:

Kuwait Facility Management Market Outlook to 2021 - Growing Retail Industry and Upcoming Infrastructure Projects to Drive Market Growth

India Facility Management Market Outlook to 2020 - Driven By Rapid Growth of Commercial Spaces and Advent Of Smart Cities

UAE Facilities Management Market Outlook to 2021 - Growing Construction Industry and Increasing Mergers and Acquisitions to Foster Future Growth

Contact Us: Ken Research Ankur Gupta, Head Marketing & Communications Ankur@kenresearch.com +91-9015378249

Related Articles - Facility Management Opportunities Qatar, Qatar Facility Management Market, Qatar Facilities Management Industry, Market Size Facility Management Qatar,







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