The Saudi Arabia Facility Management Services Market size was estimated at USD XX billion in 2020 and is expected to hit around USD XX billion by 2030, poised to grow at a compound annual growth rate (CAGR) of XX% from 2022 to 2030.
Saudi Arabia Facility Management Services Market: Breakup by Region, 2022 & 2031
Source: Primary Research and Secondary Research Analysis
The management and maintenance of buildings, facilities, and other physical assets, such as equipment, infrastructure, and real estate, is referred to as facility management service. It includes a variety of services required for the efficient and effective operation of buildings and facilities, such as maintenance, repair, cleaning, security, energy management, space planning, and other related services.
Facility management services are critical for ensuring the safety, functionality, and upkeep of buildings and facilities. They assist organisations in lowering operating costs, increasing the dependability and longevity of physical assets, and improving the overall experience of occupants and visitors.
Facility management services can be handled in-house by the organization's own staff or outsourced to third-party providers. Outsourcing facility management services is a common practise among businesses, as it allows them to focus on their core activities while ensuring that their facilities are well-maintained and operating efficiently.
Saudi Arabia's facility management services market is expanding and competitive. The market is being driven by rising demand for facility management services outsourcing, rising construction activity, and rising business awareness of the benefits of facility management services.
Maintenance and repair services, cleaning and hygiene services, security services, catering and hospitality services, and others are all part of the market. The maintenance and repair services segment holds the largest share of the market, followed by the cleaning and hygiene services segment.
The market is highly competitive, with several local and international players operating in the region. Saudi Oger Ltd., Al Borj International, Alargan International Real Estate Company, and JLL are among the market's major players.
Overall, the Saudi Arabia facility management services market is expected to expand in the coming years, driven by rising demand for facility management outsourcing and the country's expanding construction activities. The market will likely remain competitive, with players competing on service quality, price, and innovation.
Market Breakup: By Service Type
Market Breakup: By Industry Vertical Estimates
The Saudi Arabia Facility Management Services market is segmented in five main regions: West, Centre, North, South, East.
Saudi Arabia's central region, which includes the capital city of Riyadh, is the country's largest market for facility management services. There are many commercial and residential properties in the area that require regular maintenance and upkeep. The presence of several government and public sector organisations in the region also drives demand for facility management services.
Saudi Arabia's western region, which includes the cities of Jeddah and Mecca, is the country's second-largest market for facility management services. The region is a tourism and hospitality hotspot, with several hotels and resorts in need of facility management services. The area also has a number of industrial and commercial properties that require maintenance and repair.
Saudi Arabia's eastern region, which includes the cities of Dammam and Al Khobar, is a rapidly growing market for facility management services. Several petrochemical and oil and gas companies in the region require specialised facility management services to maintain their facilities. The region is also seeing an increase in construction activity, which will drive demand for facility management services in the coming years.
The Saudi Arabian southern region, which includes the cities of Abha and Najran, is a small market for facility management services. However, construction activity in the region is increasing, with several new commercial and residential properties being built. As more properties become operational, the demand for facility management services is expected to rise in the coming years.
Overall, the Saudi Arabia facility management services market is expected to grow significantly in the coming years, driven by rising demand for facility management outsourcing and rising construction activity in the country. With several local and international players operating in the region, the market is expected to remain competitive.
Market Breakup By Region
The Saudi Arabia Facility Management Services Market competitive landscape provides details by competitor. Details included are company outline, company financials, revenue generated, market potential, investment in research and development, new market initiatives, worldwide occurrence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The overhead data points providing are only related to the businesses’ focus related to Saudi Arabia Facility Management Services marketplace.
Major players operating in the Global Saudi Arabia Facility Management Services Market are:
Saudi Arabia Facility Management Services Market Report, 2020-2031.
Table of Contents
Our reports with in-depth insights will equip you to succeed in your business plans.
Get instant access to the information you need to make the right decision.
Explore where opportunities lie for you and mitigate the risks.
We are one of the most trusted brands setting benchmarks of excellence.