The U.A.E. facility management market generated a revenue of $14,360.2 million in 2020, and it is predicted to advance at a CAGR of 10.8% from 2021 to 2030. Furthermore, as per the estimates of P&S Intelligence, a market research company based in India, the market will attain a value of $39,680.8 million by 2030. The market is being driven by the surging investments being made in the construction sector and the expansion of the tourism sector in the country.
With the expansion of the tourism industry, due to strong government support, and the subsequent rise in the tourist footfall, gross domestic product (GDP), and foreign direct investments (FDI), the demand for facility management services such as security services, safety services, environmental management services, and disinfection services is rising sharply in the country. Additionally, the upcoming Expo 2020 Dubai (which was postponed to 2021 due to the COVID-19 pandemic) is predicted to create huge growth opportunities for the tourism sector.
Depending on service, the U.A.E. facility management market is divided into cleaning, catering, property, security, support, and environmental management. Out of these, the property category contributed the highest revenue to the market in 2020, and the situation will not change in the upcoming years. This is credited to the burgeoning demand for property services to keep the facilities in optimal condition. Moreover, the extreme weather conditions are pushing up the requirement for these services in commercial and industrial facilities.
This is subsequently propelling the advancement of the category in the market. When end user is taken into consideration, the U.A.E. facility management market is classified into public administration, business and corporate, industry & manufacturing, healthcare, hospitality, education, and construction categories. Amongst these, the business and corporate category dominated the market in 2020. This was because of the huge investments made by various companies for expanding their business operations in the country.
Hence, the market will register huge expansion in the coming years, primarily because of the expansion of the tourism and construction industries in the country.