Future Kuwait Facility Management Market: Key Dynamics, Size & Share Analysis
Kuwait Facility Management Market is estimated to grow at a CAGR of around 9.26% during the forecast period, i.e., 2025-30. Initiatives & efforts by the government toward diversifying its economy from the traditional oil export service sector to non-oil sectors are propelling the growth of the market in the country. The commercial sector captured the highest market share in the Kuwait facility management market. The rising number of corporate offices in the country is one of the major drivers for the maximum share of the commercial sector. Moreover, the residential sector captures a considerable share of the Kuwait facility management market due to several housing projects introduced in the country.
Top Challenges Impacting the Kuwait Facility Management Market Growth
Scarcity of Qualified Technical Resources in Facility Management– The country lacks qualified technical resources in facility management services which might hinder market growth in the coming years. Kuwait, despite having vast economic resources, has been suffering from a lack of skilled and semi-skilled manpower in facility management. As facility management is a labor-intensive industry, the recruitment of professional workers is a challenge for service providers, complicating the work of these firms, as their programs are entirely workforce-based.
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Understanding the Core Segments in the Kuwait Facility Management Market
Kuwait Facility Management Market Size, Share & Industry Trends Analysis- By Type (Hard, Soft, Risk, Administrative), By Operating Model (In-House, Outsourced), By Service Delivery (Integrated, Bundled, Single Services), By End Users (Commercial, Residential, Government, Retail, Education, Healthcare, Hospitality, Others), By Enterprise Size (Large, Mid-Size, Small) and others
Geographical Analysis of the Kuwait Facility Management Market
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Who Dominates the Kuwait Facility Management Market Insights on Key Industry Players?
Companies are strengthening their presence in the Kuwait Facility Management market by adopting strategies such as forming strategic alliances, leveraging AI, entering partnerships, pursuing mergers and acquisitions, expanding into new regions, and introducing innovative products and services.
- RS Public Facilities Management W.L.L
- United Facilities Management
- PIMCO
- EFS Facilities Services
- Al Mazaya Holding Company
- Tanzifco
- Fawaz Group
- O&G Engineering W.L.L.
- Al Mulla Group
- Kharafi National FM
- EcovertFM
- Others
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