Bahrain Facility Management Market Size, Share, Demand, COVID-19 Impact and Analysis 2022- Growth Opportunity, Trends, Key Manufacturers and Forecast Research Report 2032: SPER Market Research
According to SPER Market Research, the Bahrain Facility Management Market is estimated to reach USD 6.04 billion by 2032 with a CAGR of 12.56%. Facility management blends people, place, process, and technology to ensure that the physical environment works effectively. Facility management also refers to the coordination of operations within a facility that are intended to improve overall company performance. Facility management is employed in a range of industry verticals, depending on the demands of the organisation, including retail, education, and healthcare. The continued growth of the construction sector as a consequence of the rising number of tenders the government issued for the development of Bahrain’s infrastructure was the main reason for the increase in demand for Facility management services.The population’s increasing demand, which was the primary driver of Facility management’s growing revenue, is the reason for this.
Bahrain’s facility management sector is very fragmented; both small and large companies offer both hard and soft services. While upholding the greatest levels of quality, practises, and standards, the several facility management organisations have been engaged in fierce competition with one another for market supremacy. Some of the main businesses engaged in Bahrain’s facility management industry are Johnson Control, Dream Group, EFS, MAF, and others. These companies offer both physical and soft services to their clients.
Bahrain Facility Management Market Overview (2022-2032)
- Forecast CAGR (2022-2032): 12.56%
- Forecast Market Size (2032): 6.04 billion
Entry barriers are low, and there are very few organised players in the market for FM services. Numerous businesses in the extremely fragmented unorganised sector offer cleaning services. The rising inflation is a concern for FM businesses. When maintained effectively, assets, systems, and gadgets have longer lifecycles. Businesses make more money as a consequence and spend less on pricey equipment replacements and critical maintenance. Facility management is necessary in all sectors of the economy, whether they are commercial, residential, or industrial.
Impact of COVID-19 on the Bahrain Facility Management Market
The Bahrain Facility Management Market is anticipated to have a modest slowdown in growth as a result of the COVID-19 outbreak. Since the majority of the virus outbreak’s personnel was not local, the first lockdown that was imposed caused a scarcity of workers for FM firms. Additionally, as the nation’s infrastructure expenditure grew more slowly, several cities, including Manama and Al Muharraq, used lockdown measures. There are, however, very few government initiatives in Bahrain despite the changes. Entry hurdles are minimal, and the market for FM services has a very small number of organised operators. Cleaning services are provided by a large number of enterprises in the highly fragmented unorganised sector. For FM enterprises, the growing inflation is another worry.Assets, systems, and devices have longer lifecycles when properly maintained. As a result, businesses generate more money and spend less on costly equipment replacements and urgent repairs. All industries, whether they are commercial, residential, or industrial, require facility management.
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Bahrain Facility Management Market Key Segments Covered
The SPER Market Research report seeks to give market dynamics, demand, and supply forecasts for the years up to 2032. This report contains statistics on product type segment growth estimates and forecasts.
By Type:
- Inhouse Facility Management
- Outsourced Facility Management
By Service:
- Catering
- Cleaning
- Property
- Security
- Support
- Others
By Offering Type:
- Hard Services
- Soft Services
By Industry:
- Organized
- Unorganized
By End User:
- Commercial
- Industrial
- Public Sector
- Residential
- Others
By Sector:
- Banking
- Education
- Healthcare
- Hospitality
- Housing
- Real Estate
- Others
By Provider Type:
- Bundled Service Providers
- Integrated FM (IFM) service providers
- Single Service Providers
By Size of Organization:
- Small and Medium-Sized Businesses
- Large Enterprises
By Region:
- Muharraq Region
- Northern Bahrain
- Southern Bahrain
- The Capital Region
Bahrain Facility Management Market Key Players:
The Bahrain Facility Management Market study provides market data by competitive landscape, revenue analysis, market segments and detailed analysis of key market players such as: ABM Industries Inc., Almoayyed Contracting, ASF Facility Management, CBRE Bahrain WLL, EFS Facility Management Bahrain W.L.L., Elite Facility Management Co., Emrill Integrated Facilities Management, Etisalat FM services, Farnek, GEMS Industrial Services W.L.L., Imdaad, Iris Property Management W.L.L., Johnson Controls Inc., Metropolitan Holding Co W.L.L., Reliance Facilities Management, Royal Ambassador Property and Facility Management Co., Saudi Oger, Turner Facilities Management Ltd.
For More Information, refer to below link:-
Bahrain Facility Management Market Future Outlook
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