The Qatar facility management market at a CAGR of 16.4% during the forecast period by P&S Intelligence.
The service segment of the Qatar facility management market is categorized into property, cleaning, security, catering, support, environmental management, and others, which include reception staffing, utility management, furniture supplies, and contract management services. Of these, the property category held the largest market share in 2019 due to the rising demand for property management services to cater to the needs of the newly constructed buildings in Qatar. Qatar Vision 2030 and the upcoming mega events are boosting the construction industry, which, in turn, is generating a high demand for facility management services.
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The surging demand for outsourcing such services is creating immense opportunities for the Qatar facility management market, owing to the lack of in-house expertise and a need to focus on core competencies. These services offer several advantages, such as low operating cost, low energy consumption, lifetime servicing of plants and equipment, and superior technical maintenance. Large organizations that have complex portfolios to manage prefer outsourcing these services, to focus on their core operations.
Market Segmentation by Service
- Heating, ventilation, and air conditioning (HVAC) maintenance
- Mechanical & electrical maintenance
- Environmental Management
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Market Segmentation by End User