According to the business intelligence report titled ‘GCC Facility Management Market Research Report: Forecast (2021-2026)’, available with Market Study Report, GCC facility management market is projected to grow at an annual rate of 8.2% between 2021-2026.
 

Surging product demand from residential and commercial buildings and growing number of industrial projects & constructional activities are key factors stimulating GCC facility management market growth.
 

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For the unversed, facility management refers to the process of managing a physical workplace. It provides services such as space planning, equipment maintenance, maintenance support, and portfolio forecasting to many end-users such as schools, offices, hospitals, and residential sector among others.
 

Supply chain disruptions as a result of the COVID-19 outbreak and the subsequent lockdowns could potentially hamper the overall industry remuneration. Regardless, surging demand for cleaning services amid the ongoing pandemic might provide lucrative growth avenues for the industry participants.
 

Based on type, GCC facility management industry is bifurcated into hard, soft, administrative, and risk. Among these, hard services segment captured a significant portion of the market share due to rising adoption by organizations and growing inclination towards professional services. Moreover, increasing foreign direct investments for development of real estate sectors is also contributing towards the growth of this segment.
 

Speaking of operating model, the market sphere is divided into in-house and outsourced. As per service delivery, the business sphere is segregated into single services, bundled, and integrated. Large, small, and mid-size are the segments of the market based on enterprise size.
 

Moving on to end user spectrum, GCC facility management market is classified into residential, commercial, government, education, retail, hospitality, healthcare, and others. Among these, the commercial segment is projected to expand rapidly during the study period, primarily due to growing awareness about optimization of expenditure and widespread adoption of cleaning services in the hospitality sector.
 

Key countries contributing to GCC facility management market valuation are UAE, Qatar, Saudi Arabia, Oman, Kuwait, and Bahrain. Among these, Saudi Arabia held majority of the industry share in the recent past due to expanding tourism sector, growing number of religious tourists, technological advancements, and introduction of favorable government plans towards developing an advanced infrastructure.
 

Leading players influencing GCC facility management market dynamics are EMCOR Group Inc., United Facilities Management, Farnek Services LLC, imdaad LLC, Khidmah LLC, Emrill Services LLC, Musanadah Facilities Management, Interserve PLC, Kharafi National, and Cofely Besix Facility Management LLC.