Oman Facilities Management Market Outlook to 2021 – Growth in Hospitality and Commercial Sector to Push Demand for Facility Management Service: Ken Research

0


Oman Facilities Management Market Outlook to 2021 – Growth in Hospitality and Commercial Sector to Push Demand for Facility Management Service” provides a comprehensive analysis on the facilities management market in Oman. The report covers various aspects including Market Overview, Recent Contracts in Oman Facilities Management Market, Value Chain Analysis for Oman Facilities Management Market, Oman Facilities Management Market Size, Oman Facilities Management Market Segmentation – By Hard Facility Management Services and Soft Facility Management Services, By Integrated Facilities Services, Bundled Services and Single Services, By In-house and Outsourcing, Trends and Developments in Oman Facilities Management Market, SWOT Analysis, Vendor Selection Process, Competitive Landscape, Company Profiles of Major Players and Future Analysis of the Oman Facilities Management along with List of Major Projects in Pipeline.

This report will help the readers to identify the ongoing trends in the industry and anticipated growth in future depending upon changing industry dynamics in coming years. The report is useful for facilities management companies, potential entrants and other stakeholders to align their market centric strategies according to ongoing and expected trends in the future.

 

Oman Facilities Management Market

Oman Facilities Management market has witnessed robust growth over the past few years. The market has increased from USD ~ million during 2011 to USD ~ million in 2016, achieving a CAGR of ~% during the period same period. Increase in project activity centered on tourism and the commercial sector have raised the demand for soft and hard services in the country, leading to positive impact on the facilities management market. Rising number of foreign expatriates in the country has positively impacted the growth of the industry. This can be advocated to the fact that the foreign expatriates have reached ~ million, constituting ~% of Oman’s population in 2016.

Market Segmentation

By Soft Services and Hard Services: Soft services dominated the facilities management market in Oman with ~% revenue share during 2016. The development of various sectors including real estate, hospitality, healthcare and tourism (owing to Vision 2020) has amplified the demand for soft services in the country. Conversely, hard services accounted for ~% of facilities management market revenue in Oman during 2016.

By Single Service, Bundled Services and Integrated Services: Facility management market is also segmented on the basis of single service, bundled services and integrated services. Single service has contributed the highest share of ~% to the revenues of the industry during 2016. There are few players operating in the industry with specialized expertise in single service and this reason led customers to purchase single FM service. Bundled services are the second largest contributor to the revenues of the industry with a share of ~% in 2016. Integrated services accounted for ~% of overall facilities management market revenues in 2016.

By Outsourcing and In-House services: Outsourcing services has been the major contributor to revenues of the industry with ~% revenue share in 2016, as majority of companies in the country has been outsourcing facility management services. The primary reasons for FM companies outsourcing such services and entering into contracts with other companies include cost-efficiency, high competition and superior quality of services. In-House services have accounted for ~% of the industry revenue during 2016.

By Sectors: Retail and Commercial sector contributed the highest revenue share of ~% of overall facilities management industry. FM companies have been providing soft and hard services to commercial complexes over the years and the growth in this sector has created large potential for FM companies. Hospitality sector added a share of ~% in the revenues of the FM industry. Conversely, the residential sector accounted for ~% of the FM market in terms of revenue in 2016. Other sectors include Oil & Gas, Energy, Logistics, Education and others and contributed ~% to overall facilities management market in 2016.

Positioning of Major Players in Oman Facilities Management Industry

The market dynamics have changed with increasing number of domestic and international players entering the market. Major FM companies include Renaissance CSG, OIG, Como Facilities Management Services, QBG and EFS. The competitors compete both on the basis of price and quality and are trying to balance both the parameters. Renaissance CSG competes in the market with value innovation and supplementary services it provides. OIG uses environment friendly and safe products which differentiates it from other players. Como has a huge service portfolio which gives it a competitive edge over other companies. QBG is a customer centric company that provides personalized services to its customers whereas EFS has an employee centric approach.

Future Potential

The facilities management market revenue is projected to increase at a CAGR of ~% during the period 2016-2021 owing to the rising construction industry in the country. As the facilities management market in Oman is fragmented, it will provide immense opportunity to global and local players to tap this market with the aid of technology advancements and rising awareness among Omanis towards FM services. Enormous growth in construction, tourism and healthcare industries in the country will increase the demand for FM services. Additionally, 9th Year Development plan, 2016-2020 will trigger the demand of FM services owing to the increase in infrastructure projects which will have a positive impact on the market.

 

Key Topics Covered in the Report:

  • Oman Facilities Management Market Introduction
  • List of Major Projects which have Driven the  Facilities Management Market in the Oman
  • Recent Contracts in Oman Facilities Management Market
  • Value Chain Analysis for Oman Facilities Management Market
  • Oman Facilities Management Market Size
  • Oman Facilities Management Market Segmentation – By Hard Facility Management Services and Soft Facility Management, By Integrated Facilities Services, Bundled Services and Single Services, By In-house and Outsourcing and By Sectors (Residential,  Commercial, Hospitality and Others
  • Trends and Developments in Oman Facilities Management Market
  • SWOT Analysis for Oman Facilities Management Market
  • Vendor Selection Process for Oman Facilities Management Market
  • Competitive Landscape of Oman Facilities Management Market
  • Company Profiles of Major Players of Oman Facilities Management Market
  • Future Analysis of the Oman Facilities Management Market by Segments
  • List of Major Projects in Pipeline
  • Analyst Recommendations for Oman Facilities Management Market
  • Macroeconomic Indicators Impacting Oman Facilities Management Market

Source:https://www.kenresearch.com/manufacturing-and-construction/real-estate/oman-facility-management-market/127107-97.html

 Contact Us:
Ken Research
Ankur Gupta, Head Marketing & Communications
ankur [@] kenresearch.com
+91-9015378249
www.kenresearch.com

Share.

Comments are closed.