The research report contains an in-depth analysis and discussion of important industry trends, market dynamics, market size, and market share estimation. In addition, the report outlines the drivers, restraints, and opportunities of the Nigeria Facility Management Services market which is essential to implement strategies and to gain a sustainable growth during the forecasted period. Moreover, a detailed analysis of Covid-19 impact on the Nigeria Facility Management Services market is also published in the report.
According to a new report published by Allied Market Research, titled, “Nigeria Facility Management Services Market by Service and Application: Opportunity Analysis and Industry Forecast, 2020–2027,” the Nigeria facility management services market was valued at $8.4 billion in 2019, and is projected to reach $12.7 billion by 2027, registering a CAGR of 6.4% from 2020 to 2027. The commercial segment is estimated to generate around three-fourths share of the Nigeria facility management services market during the forecast period.
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Manufacturing activities of Nigeria Facility Management Services halted due to implementation of stringent lockdown. To prevent the spread of coronavirus, governments across every nation made social distancing compulsory, due to which, market players faced shortage of labor force. Moreover, restrictions in import & export activities led to supply chain disruptions which further resulted to shortage of raw materials. This in turn, created challenges in carrying out manufacturing in full capacity. Also, most of the construction projects were either delayed or cancelled, especially in the initial stage of the pandemic.
The market growth is attributed to the rise in adoption of facility management services in commercial and industrial applications. The two major areas of Nigeria facility management services market are industrial and commercial sectors. The commercial sector accounted for the maximum share in the market in 2019, owing to dominant use of facility management services such as cleaning, security, heating ventilation & air conditioning (HVAC), and electrical services in offices, malls, and government buildings. Further, growth in applications of facility management services in infrastructure projects and residential construction projects are expected to fuel the development of the market. In addition, the facility management market in Nigeria is expected to have a promising future, owing to growth in investments in the infrastructure sector, which involves construction of new international airport and port, rail lines, and highways.
Key Segments Covered:
- Alpha Mead Group
- Briscoe Properties Limited
- Cxall Facilities Management
- Eko Maintenance
- Global PFI Group
- Grandeur Real-Estate Company
- Green Facilities Ltd.
- Libra Reliance Properties
- Trim Estate & Facility Management Services
- Willco Property Management
These companies have adopted numerous strategies such as new product launches, mergers & acquisitions, collaborations, joint ventures, partnerships, expansion, and others in order to gather immense growth prospects during the forecasted period.
Table of Content:
1 Report Overview
1.1 Study Scope
1.2 Key Market Segments
1.3 Players Covered
1.4 Market Analysis by Type
1.5 Market by Application
1.6 Study Objectives
1.7 Years Considered
2 Growth Trends
2.1 Nigeria Facility Management Services Market Size
2.2 Nigeria Facility Management Services Growth Trends by Regions
2.3 Industry Trends
3 Market Share by Key Players
3.1 Nigeria Facility Management Services Market Size by Manufacturers
3.2 Nigeria Facility Management Services Key Players Head office and Area Served
3.3 Key Players Nigeria Facility Management Services Product/Solution/Service
3.4 Date of Enter into Nigeria Facility Management Services Market
3.5 Mergers & Acquisitions, Expansion Plans
4 Breakdown Data by Product
4.1 Nigeria Facility Management Services Sales by Product
4.2 Nigeria Facility Management Services Revenue by Product
4.3 Nigeria Facility Management Services Price by Product
5 Breakdown Data by End User
5.2 Nigeria Facility Management Services Breakdown Data by End User
About Allied Market Research:
Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides enterprises as well as medium and small businesses with unmatched quality of “Market Research Reports” and “Business Intelligence Solutions.” AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domains.