The European Production Value of Temporary Employment Agency Services presents a diversified landscape across countries. In 2023, the United Kingdom led the market with a value of €54.43 billion, followed by France (€37.69 billion) and Germany (€32.76 billion). Significant year-on-year growth was observed in countries like Serbia (48.56%), Iceland (18.24%), and Greece (8.63%). Consistent but moderate growth was noted in larger markets like Germany (3.34%) and Spain (3.23%). Finland and the Czech Republic experienced growth rates of 3.02% and 3.09%, respectively. Conversely, Cyprus saw a slight decline of -0.29% in 2023.
Future trends to watch for include potential market consolidation in larger markets, the impact of economic fluctuations on the demand for temporary employment services, and regulatory changes that could affect the operational landscape. The growth trajectory in emerging markets like Serbia and Greece, alongside technological advancements in recruitment processes, may also play pivotal roles in shaping the industry’s future.
Top countries in Production Value of Temporary Employment Agency Services by Country
| # | 10 Countries | Million Euros | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 United Kingdom | 54,430 | 2023 | +1.79% | +1.78% | View data |
| 2 | 2 France | 37,690 | 2023 | +6.06% | +1.8% | View data |
| 3 | 3 Germany | 32,760 | 2023 | +9.4% | +3.34% | View data |
| 4 | 4 Netherlands | 30,790 | 2023 | +3.13% | +1.16% | View data |
| 5 | 5 Italy | 14,100 | 2023 | +4.26% | +1.56% | View data |
| 6 | 6 Switzerland | 8,140 | 2023 | +5.95% | +4.19% | View data |
| 7 | 7 Belgium | 7,780 | 2023 | +6.67% | +0.98% | View data |
| 8 | 8 Spain | 7,160 | 2023 | +6.97% | +3.23% | View data |
| 9 | 9 Sweden | 6,480 | 2023 | +4.32% | +3.59% | View data |
| 10 | 10 Norway | 4,310 | 2023 | +6.27% | +2.61% | View data |
