Industry Overview
The Saudi Arabia Facility Management Market is predicted to grow at 12.65% CAGR during the forecast period with the market size reaching USD 54.9 billion by 2030. Different types such as hard, soft, and others are majorly contributing to the facility management market size. The market has witnessed significant demand for the hard category over the last few years due to its high cost.
.jpeg)
Market Segmentation
Insight by Service
Based on the service, the facility management market is categorized into the property, cleaning, environmental management, security, support, catering, and others (utility management, contract management, reception, furniture supplies, and staffing) of which property holds the largest share during the historic period in the facility management market due to numerous advantages such as confirming small opportunity cycles, enhanced occupant retaining, and several others. Moreover, the catering segment is predicted to grow at the fastest growth during the forecast period owing to the mounting tourism and hospitality industry.
The property segment is further subdivided into heating, ventilation, and air conditioning (HVAC) maintenance, mechanical and electrical maintenance, and others.
Insight by End User
Based on the end user, the facility management market is segmented into commercial, industrial, and residential. Of all, the commercial category accounted for the largest share in the Saudi Arabia facility management market due to escalating alertness among end users for commercial building maintenance to minimize expenditure.
Insight by Mode
On the basis of mode, the facility management market is segmented into outsourced, and in-house. Of all, the in-house category accounted for the larger share of the market due to the elevated acceptance rate, long-standing existence, and comparatively low price. The outsourced segment is further subdivided into integrated, single, and bundled. The integrated segment accounted for the largest share of the market, as it reduced complications by decreasing amount of service suppliers and preserving a single point of contact.
Insight by Type
On the basis of the type, the facility management market is segmented into hard, soft, and others. Of all, the hard category accounted for the largest share in the facility management market due to the elevated cost.
Saudi Arabia Facility Management Market Report Coverage
|
Report Metric
|
Details
|
|
Historical Period
|
2018 - 2023
|
|
Base Year Considered
|
2024
|
|
Forecast Period
|
2025 - 2030
|
|
Market Size in 2023
|
U.S.D. XX Billion
|
|
Revenue Forecast in 2030
|
U.S.D. 54.9 Billion
|
|
Growth Rate
|
12.65%
|
|
Segments Covered in the Report
|
By Services, By Type, By Mode,.By End User
|
|
Report Scope
|
Market Trends, Drivers, and Restraints; Revenue Estimation and Forecast; Segmentation Analysis; Impact of COVID-19; Companies’ Strategic Developments; Market Share Analysis of Key Players; Company Profiling
|
|
Regions Covered in the Report
|
Central, Western, Eastern, Northern, Southern
|
Industry Dynamics
Industry Trends
The economic divergence is the major trend in the Saudi Arabia facility management market. The country is mounting investment in the infrastructure sector to reduce its economic dependence. Moreover, the government initiated a reform plan “Vision Saudi 2030”, to upsurge private investment and decrease the country’s dependency on hydrocarbons.
Growth Drivers
The mounting infrastructure-based development such as commercial buildings, industrial projects, infrastructure projects, and residential construction projects, the escalating number of facilities and services, and expanding tourism are the key factors leading to the growth in the Saudi Arabia facility management market.
Some of the other key factors driving the growth of the industry are the escalating need for outsourcing facility management services and mounting government expenditure on infrastructure projects. Owing to the Vision Saudi 2030 an immense demand for facility management services in Saudi Arabia is created. It would result, in the need for schools, international airports, hospitals, and others.
Challenges
The key factor hindering the growth of the facility management market is the lawful marketplace. Most of the rules and regulations are administrated by Saudi law, majorly proceed on the Shari’ah law, and offer an inadequate defense in a situation of non-payment.
Competitive Insight
EMCOR Group, Inc. is an American mechanical and electrical construction, industrial and energy infrastructure and building services company based in Norwalk, Connecticut. It comprises 100 and more operating companies.
Rezayat Group is a group of companies which are headquartered in Al-Khobar, Saudi Arabia. Originally called Ali Reza Group, it was founded by Abdullah Alireza in 1949 in the British Protectorate of Kuwait.
EMCOR Group Inc., Rezayat Group, Al Borj International, Khidmah LLC, Musanadah Facilities Management Co. Ltd., Saudi Oger Ltd., Interserve plc, Nesma Trading Co. Ltd., Enova Facility Management, and Petrojana are some of the key players offering solutions for facility management in Saudi Arabia.
Recent Developments by Key Players
Nakheel and Meydan (Real estate companies) have been merged under the umbrella of Dubai Holding. Nakheel and Meydan are set to become part of Dubai Holding under the leadership of Sheikh Ahmed bin Saeed.
The Saudi Arabia Facility Management Market report offers a comprehensive market segmentation analysis along with an estimation for the forecast period 2025–2030.
- Service
- Property
- Heating, Ventilation, and Air Conditioning (HVAC) maintenance
- Mechanical and electrical maintenance
- Others
- Cleaning
- Environmental management
- Security
- Catering
- Others
- End User
- Commercial
- Industrial
- Residential
- Mode
- Outsourced
- Integrated
- Single
- Bundled
- In-House
- Type
Geographical Segmentation
Facility Management Market by Region
- Central
- Western
- Eastern
- Northern
- Southern
Primary Research Interviews - Breakdown
.png "Saudi Arabia Facility Management Market")
