Oman Facility Management Market Introduction and Overview
According to SPER Market Research, the Oman Facility Management Market is estimated to reach USD 1.48 billion by 2033 with CAGR of 8.93%.
The report includes an in-depth analysis of the Oman Facility Management Market, including market size and trends, product mix, applications, and supplier analysis. The professional oversight of many disciplines to guarantee the efficiency, comfort, safety, and functionality of constructed settings is known as facility management. When it comes to Oman, facility management refers to a wide range of services used to preserve and improve the standard of buildings, infrastructure, and facilities in different industries.
- October 2020: IKEA plans to open its enormous store in the Oman Avenues Mall by 2022. Al Taher Group and Al-Futtaim Group, which is in charge of the country's IKEA franchise, have signed a development agreement to proceed with the project. The growth of the business sector inside the country's market ecology will benefit IKEA's investment.
- December 2019: Renaissance Services SAOG and global experience leader SAP formed a partnership for digital transformation with the goal of boosting productivity for the organization and its customers through the use of digital platforms in the FM business.
Market Opportunities and Challenges
In recent years, Oman's facilities management sector has experienced rapid expansion. This industry has grown as a result of the nation's quick infrastructure development, rising investments in business and residential developments, and a growing focus on sustainability and energy efficiency. The need for facility management services is being driven by the government's emphasis on infrastructure development, especially in industries like healthcare, education, and tourism. The industry is seeing a change in favor of integrated facility management solutions, which combine a number of services to offer thorough and efficient facility management. Advanced technologies like IoT, AI, and data analytics provide facility management firms a lot of opportunity to improve service delivery, increase efficiency, and provide clients with value-added solutions.
Compared to more developed markets, Oman's adoption rate of professional facility management services may be slower since some businesses and individuals there may not yet be aware of its advantages. Tight regulations pertaining to medical devices could be problematic for producers and prevent novel and inventive biopsy equipment from reaching the market. Higher product costs result from the significant R&D investments required to comply with these rules. Oman faces a shortage of qualified facilities management specialists, which could have an impact on service quality and impede market expansion. Through training and educational initiatives, this problem is being attempted to be resolved.
Market Competitive Landscape
There are both domestic and foreign competitors in the fiercely competitive Oman facility management sector. These businesses provide many different services, such as energy management, cleaning, security, gardening, and maintenance. Factors like service quality, dependability, cost, and the capacity to offer integrated solutions are what drive competition. Some of major players are G4S Limited, Qurum Business Group, Oman International Group SAOC, Renaissance Services SAOG, Bahwan Engineering Group, Al Naba Services LLC, COMO Oman, General Electric & Trading Co. LLC (Genetco), Stalwart Facilities Management LLC, AL Hudu Real Estate LLC and various others.
Scope of the Report:
| Report Metric | Details |
| Market size available for years | 2019-2033 |
| Base year considered | 2022 |
| Forecast period | 2023-2033 |
| Segments covered | By Type, By Offering Type, By End-User
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| Regions covered | A’Sharqiyah, Al Wusta, Dhofar, Muscat, Rest of Oman
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| Companies Covered | G4S Limited, Qurum Business Group, Oman International Group SAOC, Renaissance Services SAOG, Bahwan Engineering Group, Al Naba Services LLC, COMO Oman, General Electric & Trading Co. LLC (Genetco), Stalwart Facilities Management LLC, AL Hudu Real Estate LLC and various others.
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COVID-19 Impact on Oman Facility Management Market
The Oman facilities management market saw a notable slowdown in growth during the initial stages of the COVID-19 epidemic (lockdowns, work-from-home situations, etc.). Due to the fact that most employees were hired from outside the country, the lockdown effect also caused a labour shortage in facilities and facilities management organizations. During the nation's epidemic, hard facilities management services like air conditioning, heating, and ventilation have also seen notable development. The importance of maintaining clean and hygienic facilities has become more apparent as a result of the virus's spread. Facility management companies have had to adjust their services due to the increase in demand, such as by using more frequent cleaning and disinfection methods.
Key Target Audience
- Real Estate Developers and Owners
- Facility Managers
- Government and Public Sector Entities
- Corporate and Commercial Enterprises
- Healthcare Institutions
- Educational Institutions
- Retail Sector
- Manufacturing and Industrial Facilities
- Data Centres and IT Facilities
- Financial Institutions
- Environmental and Sustainability Organizations
Our in-depth analysis of the Oman Facility Management Market includes the following segments:
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By Type:
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In-House FM Service,
Outsourced FM Service
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By Offering Type:
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Hard FM
Soft FM
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By End User:
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Commercial
Industrial
Institutional
Public/Infrastructure
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Key Topics Covered in the Report- Oman Facility Management Market Size (FY’2023-FY’2033)
- Overview of Oman Facility Management Market
- Segmentation of Oman Facility Management Market By Type (In-House FM Service, Outsourced FM Service)
- Segmentation of Oman Facility Management Market By Offering Type (Hard FM and Soft FM)
- Segmentation of Oman Facility Management Market By End-User (Commercial, Institutional, Public/Infrastructure, and Industrial)
- Statistical Snap of Oman Facility Management Market
- Expansion Analysis of Oman Facility Management Market
- Problems and Obstacles in Oman Facility Management Market
- Competitive Landscape in the Oman Facility Management Market
- Impact of COVID-19 and Demonetization on Oman Facility Management Market
- Details on Current Investment in Oman Facility Management Market
- Competitive Analysis of Oman Facility Management Market
- Prominent Players in the Oman Facility Management Market
- SWOT Analysis of Oman Facility Management Market
1. Introduction
1.1. Scope of the report
1.2. Market segment analysis
2. Research Methodology
2.1. Research data source
2.1.1. Secondary Data
2.1.2. Primary Data
2.1.3. SPER’s internal database
2.1.4. Premium insight from KOL’s
2.2. Market size estimation
2.2.1. Top-down and Bottom-up approach
2.3. Data triangulation
3. Executive Summary
4. Market Dynamics
4.1. Driver, Restraint, Opportunity and Challenges analysis
4.1.1. Drivers
4.1.2. Restraints
4.1.3. Opportunities
4.1.4. Challenges
4.2. COVID-19 Impacts of the Oman Facility Management Market
5. Market variable and outlook
5.2.1. Political Landscape
5.2.2. Economic Landscape
5.2.4. Technological Landscape
5.2.5. Environmental Landscape
5.3. PORTER’s Five Forces
5.3.1. Bargaining power of suppliers
5.3.2. Bargaining power of buyers
5.3.3. Threat of Substitute
5.3.4. Threat of new entrant
5.3.5. Competitive rivalry
6.1. Oman Facility Management Market Manufacturing Base Distribution, Sales Area, Application Type
6.2. Mergers & Acquisitions, Partnerships, Offering Type Launch, and Collaboration in Oman Facility Management Market
7. Oman Facility Management Market, By Type 2019-2033 (USD Million)
7.1. Oman Facility Management Market Value Share and Forecast, By Type, 2023-2033
7.2. In-House FM Service,
7.3. Outsourced FM Service
8. Oman Facility Management Market, By Offering Type 2019-2033 (USD Million)
8.1. Oman Facility Management Market Value Share and Forecast, By Offering Type, 2023-2033
9. Oman Facility Management Market, By End User 2019-2033 (USD Million)
9.1. Oman Facility Management Market Value Share and Forecast, By Guidance Technique, 2023-2033
9.5. Public/Infrastructure
10. Oman Facility Management Market Forecast, 2019-2033 (USD Million)
10.1. Oman Facility Management Market Size and Market Share
11. Oman Facility Management Market, By Type , 2019-2033 (USD Million)
11.1. Oman Facility Management Market Size and Market Share By Type (2019-2026)
11.2. Oman Facility Management Market Size and Market Share By Type (2027-2033)
12. Oman Facility Management Market, By Offering Type , 2019-2033 (USD Million)
12.1. Oman Facility Management Market Size and Market Share By Offering Type (2019-2026)
12.2. Oman Facility Management Market Size and Market Share By Offering Type (2027-2033)
13. Oman Facility Management Market, By End User, 2019-2033 (USD Million)
13.1. Oman Facility Management Market Size and Market Share By End User (2019-2026)
13.2. Oman Facility Management Market Size and Market Share By End User (2027-2033)
14. Oman Facility Management Market, By Region, 2019-2033 (USD Million)
14.1. Oman Facility Management Market Size and Market Share By Region (2019-2026)
14.2. Oman Facility Management Market Size and Market Share By Region (2027-2033)
15.1. AL Hudu Real Estate LLC
15.1.2. Financial outlook
15.1.3. Offering Type summary
15.1.4. Recent developments
15.2. Al Naba Services LLC
15.2.2. Financial outlook
15.2.3. Offering Type summary
15.2.4. Recent developments
15.3. Bahwan Engineering Group
15.3.2. Financial outlook
15.3.3. Offering Type summary
15.3.4. Recent developments
15.4.2. Financial outlook
15.4.3. Offering Type summary
15.4.4. Recent developments
15.5. General Electric Company
15.5.2. Financial outlook
15.5.3. Offering Type summary
15.5.4. Recent developments
15.6. Scion Medical Technologies
15.6.2. Financial outlook
15.6.3. Offering Type summary
15.6.4. Recent developments
15 List of Abbreviations
16 Reference Links
17 Conclusion
18 Research Scope
SPER Market Research’s methodology uses great emphasis on primary research to ensure that the market intelligence insights are up to date, reliable and accurate. Primary interviews are done with players involved in each phase of a supply chain to analyze the market forecasting. The secondary research method is used to help you fully understand how the future markets and the spending patterns look likes.
The report is based on in-depth qualitative and quantitative analysis of the Product Market. The quantitative analysis involves the application of various projection and sampling techniques. The qualitative analysis involves primary interviews, surveys, and vendor briefings. The data gathered as a result of these processes are validated through experts opinion. Our research methodology entails an ideal mixture of primary and secondary initiatives.
