Executive Search Recruiters in the US - Industry Market Research Report

Executive Search Recruiters in the US

The executive search recruiters industry assists businesses in their search, recruitment and placement of open executive, other senior management and upper-level positions. Since operators provide services across all sectors, demand for executive search services is affected by the broader economy, which is driven by monetary and fiscal policies. In particular, developments in the labor market and changes in interest rates have the potential to alter demand for services. The pandemic, which resulted in high unemployment, hindered this industry significantly. Over the past five years, industry revenue has been falling at a CAGR of 0.7%, and is expected to reach $8.7 billion in 2023. This includes a projected 1.6% decline in 2023. Profit is also expected to slump to 9.8% of revenue in 2023 from 10.5% in 2018.

This industry provides executive search, recruitment and placement services for clients with specific executive and senior management requirements. Industry firms develop a search strategy and position specification based on the culture and needs of the client. Operators research, identify, screen and interview candidates; verify candidate qualifications; and assist in final offer negotiations and assimilation of the selected candidate.

This report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecasts, growth rates and an analysis of the industry key players and their market shares.