Ken Research announced its latest publication on “Bahrain Facility Management Market Outlook to 2021 – Growth in Retail Sector and Demand for Hard Services to Drive Market Growth” which provides insight on hard and soft facility management market, growth drivers, trends and developments, competition and future analysis. The report also provides market share contributed by major service providers in Bahrain. The stakeholders of this report include Facility management service providers, companies involved in research, real estate and infrastructure developers in Bahrain and the new entrants and venture capitalists who wish to invest in Facility management market in future.
Detailed comparative analysis of major Facility Management service providers has also been provided. The future analysis of the overall Bahrain Facility management market has also been discussed along with recommendations from analyst view.
Bahrain Facility management Market
The continuous growth in the construction sector due to the increased number of tenders provided by the government for infrastructural developments in Bahrain was the major reason responsible behind the surged demand for Facility management services. This made the overall country’s Facility management market rise to USD ~ million during 2016 from USD ~ million during 2011, marking a robust CAGR of ~% during the same period. Rapid growth in the real estate sector of Bahrain from USD ~ million during 2011 to USD ~ million during 2016 due to the increasing demand by the population was the major reason responsible behind the increase in revenues of Facility management market.
Bahrain Facility management Market Segmentation
Basic services provided under hard services include fire safety and security systems required by all sectors in Bahrain, technical operations and maintenance, electromechanical services and HVAC services. Since customers have to incur heavy expenditure for undertaking hard services, this segment dominated the market with ~% revenues of Facility management services in 2016.
Market players offering Facility management services in Bahrain majorly operate as single service providers, owing to the limited demand for FM services as compared to other countries in the GCC and thus, this segment dominated the market with a revenue share of ~% in 2016.
Outsourced Facility management services added a significant share to the revenues of the overall market in 2016. Outsourced services helped market players contribute the majority share of ~% to the Facility management market revenues during the same period. Generating a higher profit margin by offering services from the in-house resources available with the provider, market players added ~% share to the overall revenues of Facility management market in 2016.
Bahrain Facility management market is highly fragmented with the number of small and large players offering hard and soft services in the country. There has been stiff competition between the different Facility management companies to lead in the market & keeping in the view the best quality, practices and standards. Some of the leading players in the facility management market of Bahrain are Johnson control, dream group, EFS, MAF and others. These companies offer both hard and soft services to the clients.
The revenues generated by facility management market players in Bahrain are projected to augment to USD ~ million by 2021 from USD ~ million during 2016, registering a CAGR of ~% during the period 2016-2021
Key Topics Covered in the Report:
- Bahrain Facility management Market Size by Revenue
- Recent Project launches which have driven the Market
- Market Segmentation – By Hard and Soft Services; By Integrated Facilities Services, Single Services and Bundled Services; By Outsourced Services and In-house Services.
- SWOT Analysis for Bahrain Facility management Market
- Trends and Developments in Bahrain Facility management Market
- Vendor Selection Process in Bahrain Facility management Market
- Company Profiles of Major Facility management Market Players
- Future Outlook for Bahrain Facility management Market
- Analyst Recommendation
- Macro-Economic Factors Impacting Bahrain Facility management Market
Ankur Gupta, Head Marketing & Communications
ankur [@] kenresearch.com