Facility management blends people, place, process, and technology to ensure that the physical environment works effectively. Facility management also refers to the coordination of operations within a facility that are intended to improve overall company performance. Facility management is employed in a range of industry verticals, depending on the demands of the organisation, including retail, education, and healthcare. The continued growth of the construction sector as a consequence of the rising number of tenders the government issued for the development of Bahrain's infrastructure was the main reason for the increase in demand for Facility management services.
The population's increasing demand, which was the primary driver of Facility management's growing revenue, is the reason for this. Bahrain's facility management sector is very fragmented; both small and large companies offer both hard and soft services. While upholding the greatest levels of quality, practises, and standards, the several facility management organisations have been engaged in fierce competition with one another for market supremacy. Some of the main businesses engaged in Bahrain's facility management industry are Johnson Control, Dream Group, EFS, MAF, and others. These companies offer both physical and soft services to their clients.
The COVID-19 outbreak is expected to cause a little pause in the growth of the Bahrain facility management market. The initial lockdown that was implemented resulted in a labour shortage for FM enterprises because the bulk of the viral outbreak's people were not local. Additionally, a number of localities, like Manama and Al Muharraq, implemented lockdown procedures as the country's infrastructure spending developed more slowly. Despite the reforms, Bahrain's government has taken relatively few efforts. Entry barriers are low, and there are very few organised players in the market for FM services. Numerous businesses in the extremely fragmented unorganised sector offer cleaning services. The rising inflation is a concern for FM businesses. When maintained effectively, assets, systems, and gadgets have longer lifecycles. Businesses make more money as a consequence and spend less on pricey equipment replacements and critical maintenance. Facility management is necessary in all sectors of the economy, whether they are commercial, residential, or industrial.
The Bahrain Facility Management Market study provides market data by competitive landscape, revenue analysis, market segments and detailed analysis of key market players such as: 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., Metropolitan Holding Co W.L.L., Reliance Facilities Management, Royal Ambassador Property and Facility Management Co., Saudi Oger, Turner Facilities Management Ltd.
SPER Market Research study aims to provide market dynamics, demand and supply with yearly forecast to 2032. This report provides data for growth estimates and forecasts for product type segment – By Type (Inhouse Facility Management, Outsourced Facility Management {Single Facility Management, Bundled Facility Management, Integrated 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 Sector (Banking, Education, Healthcare, Hospitality, Housing, Real Estate, Others), By Provider Type (Bundled Service Providers, Integrated FM (IFM) service providers, Single Service Providers), By Size of Organization (Small and Medium-Sized Businesses, Large Enterprises).
This report also provides the data for key regional segments of Muharraq Region, Northern Bahrain, Southern Bahrain and 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.