Booming Tourism Industry Driving Growth of U.A.E. Facility Management Market

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.

Currently, companies in the U.A.E. facility management market are proactively working toward winning large-scale client tenders to increase their revenue. Ejadah Asset Management Group LLC, Adeeb Electrical & Electronic Services Co. LLC, Al Shirawi Facilities Management LLC, Blue Diamond Facilities Management LLC, Tafawuq Facility Management LLC, Engie Cofely, Imdaad LLC, EFS Facilities Services Group Limited, Deyaar Development PJSC, Transguard Group LLC, AG Facilities Solution LLC, Reliance Facilities Management, and Etisalat Facilities Management LLC are some of the most-significant facility management service providers in the country.

Thus, the expansion of the tourism and construction sectors in the U.A.E. will boost the requirement for facility management services in the coming years.

Comments

Post a Comment

Popular posts from this blog

Saudi Arabia's Geospatial Market: Growth, Insights, and Key Trends for 2030

Image
The Saudi Arabian geospatial analytics market is poised to generate USD 414.8 million in 2024, with an anticipated CAGR of 9.5% from 2024 to 2030, potentially reaching USD 714.8 million by the end of the forecast period. This growth is largely attributed to the technology's application in visualizing and analyzing locations, movements, and patterns, which has become essential for developing smart cities and guiding infrastructure investment decisions. Geospatial analytics also benefits consumer services by aiding logistics companies in delivering goods precisely and efficiently. In transportation, the technology assists with understanding traffic flows and barriers, helping to improve traffic management. Saudi Arabia's strategic focus on infrastructure development further bolsters the market. Government initiatives like the MOMRA Smart City Program and Saudi Geological Survey (SGS) demonstrate a commitment to leveraging geospatial technologies to optimize resource utilization....
Read more

Surging Aircraft Sales Augmenting Demand for Thermal Spray Materials

Image
The mushrooming popularity of the aerial mode of transportation is fueling the expansion of the aerospace industry, which is, in turn, driving the worldwide sales of thermal spray materials. Moreover, the increasing defense expenditure of several countries, such as India, the U.S., Japan, and China is also propelling the growth of the aerospace industry. For example, as per various estimates, China will spend more than $1.1 trillion in aircrafts over the next 20 years.  As thermal sprays are extensively used in coatings, which are applied on turbo-machinery, such as high-pressure turbine seals, rotor-path linings, bearings, compressor seals, airframe, engine components, and oil seals, in order to improve fuel efficiency and fluid dynamics, reduce maintenance expenses, and prevent wear and tear, the soaring sales of both defense and commercial aircrafts are driving their demand across the world. Apart from the booming aerospace industry, the rising urbanization rate, especially in t...
Read more

U.S. Chatbots Market to Experience Robust Growth in Coming Years

Image
According to the latest market research study published by P&S Intelligence, the U.S. chatbots software market is on a robust growth trajectory, projected to expand from USD 1,107.9 million in 2024 to USD 6,232.5million by 2032 , with a compound annual growth rate (CAGR) of 24.3%. This growth is driven by the increasing demand for automation in customer service operations, where businesses are leveraging AI and natural language processing (NLP) to enhance user engagement and streamline service delivery. The growing prevalence of smartphones and social media platforms further accelerates chatbot adoption, especially as companies seek scalable solutions to improve customer support efficiency without significantly increasing operational costs. Technological advancements, including the integration of machine learning (ML) and AI into chatbots, are enabling more complex and personalized interactions. The contact center remains the largest application area, while mobile platforms repre...
Read more