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Employment Services in Europe

  • June 2017
  • 39 pages
  • MarketLine
Report ID: 168891

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Employment Services in Europe

Summary

Employment Services in Europe industry profile provides top-line qualitative and quantitative summary information including: market size (value 2012-16, and forecast to 2021). The profile also contains descriptions of the leading players including key financial metrics and analysis of competitive pressures within the market.

Synopsis

Essential resource for top-line data and analysis covering the Europe employment services market. Includes market size and segmentation data, textual and graphical analysis of market growth trends, leading companies and macroeconomic information.

Key Findings

- For the purposes of this profile, the employment services market consists of temporary and contract staffing services. Temporary staffing is where agencies supply workers to clients on a temporary basis, the workers remaining employees of the agency. Search and placement is where agencies recruit workers on behalf of clients, with these workers going on to become employees of the client. The market value is the total turnover of agencies from the provision of these services. Services such as employee leasing and independent contracting are not included.
- The European employment services market had total revenues of $150.6bn in 2016, representing a compound annual growth rate (CAGR) of 5.7% between 2012 and 2016.
- Market consumption volume increased with a CAGR of 3.7% between 2012 and 2016, to reach a total of 4,972.0 thousand units in 2016.
- The growth of the European market was mainly driven by the UK domestic market which accounts for 30.4% of its total. Moreover, other European domestic markets have experienced strong growth as they are still not highly penetrated, but the German and French markets were below the European growth average. In fact, the French market was influenced by weak economic growth, while the German market has been unstable due to a weak demand trend for temporary employment. Other important domestic European markets are the Dutch and the Swiss which are home for two of the largest recruiting agencies in the world, Adecco and Randstad. Furthermore, the Italian market has presented an emerging dynamic for major recruitment agencies and is seen as a driver of future growth.

Scope

- Save time carrying out entry-level research by identifying the size, growth, major segments, and leading players in the employment services market in Europe
- Use the Five Forces analysis to determine the competitive intensity and therefore attractiveness of the employment services market in Europe
- Leading company profiles reveal details of key employment services market players’ global operations and financial performance
- Add weight to presentations and pitches by understanding the future growth prospects of the Europe employment services market with five year forecasts

Reasons to buy

- What was the size of the Europe employment services market by value in 2016?
- What will be the size of the Europe employment services market in 2021?
- What factors are affecting the strength of competition in the Europe employment services market?
- How has the market performed over the last five years?
- What are the main segments that make up Europe’s employment services market?

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