The biggest reason behind the growth of the Qatar facility management market is the rapid scale at which infrastructure is being constructed in the country, in preparations for the FIFA World Cup 2022 and as part of its National Vision 2030. Therefore, a robust 17.3% CAGR will take the revenue of the market to $22,268.2 million in 2030 from $5,285.1 million in 2021. Facility management includes a lot of services that help maintain built structures, such as residential units, commercial spaces, and industrial facilities, in optimum working condition.
Among the various services available with Qatar facility management market players, property services generate the highest revenue. This is because they are essential for the normal functioning of buildings, as they include electrical and mechanical maintenance and HVAC maintenance. Moreover, compared to other facility management services, they are of a critical nature and provided by skilled technicians, which is why they cost more. Similarly, owing to the rising awareness on hygiene, the demand for cleaning services is set to witness the highest CAGR in the coming years.
The commercial category dominates the end user segment of the market, and it is projected to continue doing so in the near future. Since commercial spaces host a lot of people every day, they require extensive facility management. Moreover, a good-looking property and one that has everything in order also attracts tenants, which is another reason commercial spaces, such as hotels, stadia, educational institutions, and shopping malls, require regular facility management. Similarly, it is imperative for healthcare facilities to be clean and have their key systems in working condition.
In regards to infra development, a big trend in the Qatar facility management market is green buildings. Due to the surging concerns related to GHG emissions and the need to reduce the consumption of oil and gas to produce energy, green, or net-zero energy buildings, are being increasingly constructed in the country. These spaces have onsite solar and wind power infrastructure, and they do not consume any energy that has not been produced on the site.
Hence, with Qatar ramping up its infrastructure, it offers lucrative opportunities to entities providing facility management services.
