Facility management is the integration of people, location, process, and technology to guarantee that the physical environment functions properly. Furthermore, facility management is the coordination of a facility’s activities in order to improve the business’s overall effectiveness. Depending on the demands of the company, facility management is used in a variety of commercial sectors, including retail, education, and healthcare.
According to SPER market research, ‘Bahrain Facility Management Market Size- By Type, By Service, By Offering Type, By Industry, By End User, By Sector, By Provider Type, By Size of Organization – Regional Outlook, Competitive Strategies and Segment Forecast to 2032’ state that the Bahrain Facility Management Market is predicted to reach USD 6.04 billion by 2032 with a CAGR of 12.56%.
There are several growth drivers that drive the market growth. The government’s increasing number of tenders for the development of Bahrain’s infrastructure has resulted in the construction industry’s continuing expansion, which has resulted in a surge in demand for facility management services. This is owing to increased demand from the people, which was the key driver of higher revenue for facility management. The facilities management market in Bahrain is highly fragmented, with both major and small businesses providing both hard and soft services.
Despite these advances, some challenges that the market face, there are very few government projects in Bahrain. The entrance barriers are low, and there are very few organized enterprises in the FM services industry. The unorganized market is highly fragmented, with various enterprises offering cleaning services. Inflation is another cause of concern for FM enterprises.
Furthermore, several facility management businesses have been actively contending for market supremacy while maintaining the greatest levels of quality, practices, and standards. Johnson Control, Dream Group, EFS, MAF, and others are among the major facility management businesses in Bahrain.
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Impact of COVID-19 on Bahrain Facility Management Market
It is anticipated that the COVID-19 pandemic would cause a minor downturn in the Bahrain facility management market. There was a labor shortage for FM businesses after the first shutdown since most of the victims of the illness were not locals. Furthermore, lockdown measures were introduced in several places, such as Manama and Al Muharraq, as the nation’s infrastructure investment developed more slowly. In Bahrain, there aren’t many government initiatives. In the FM services sector, there are few organized competitors and low entry hurdles.
Bahrain Facility Management Market Key Players:
Additionally, some of the market key players are 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.
Bahrain Facility Management Market Segmentation:
The SPER Market Research report seeks to give market dynamics, demand, and supply forecast for the years up to 2032. This report contains statistics on product type segment growth estimates and forecasts.
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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 Region: |
· Northern Bahrain · Muharraq Region · Southern Bahrain · The Capital Region |
This study also encompasses various drivers and restraining factors of this market for the forecast period. Various growth opportunities are also discussed in the report.
For More Information, refer to below link:-
Bahrain Facility Management Market Future Outlook
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