Employment Services in Europe
Summary
Employment Services in Europe industry profile provides top-line qualitative and quantitative summary information including: market size (value 2019-24, and forecast to 2029). The profile also contains descriptions of the leading players including key financial metrics and analysis of competitive pressures within the market.
Key Highlights
- The employment services market covers temporary and contract staffing services. Temporary staffing is where agencies supply workers to clients temporarily, whereby the workers remain employees of the agency. Permanent staffing 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 recorded revenues of $158.5 billion in 2024, representing a negative compound annual growth rate (CAGR) of 3.7% between 2019 and 2024.
- Market volume declined with a negative CAGR of 0.5% between 2019 and 2024, reaching a total of 10,289.7 thousand average number of temporary agency employees in 2024.
- The decline in the European employment services market during 2019-24 was caused by ongoing economic volatility across several European countries.
- 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
- What was the size of the Europe employment services market by value in 2024?
- What will be the size of the Europe employment services market in 2029?
- 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?
- 1 Executive Summary
- 1.1. Market value
- 1.2. Market value forecast
- 1.3. Market volume
- 1.4. Market volume forecast
- 1.5. Category segmentation
- 1.6. Geography segmentation
- 1.7. Market rivalry
- 1.8. Competitive landscape
- 2 Market Overview
- 2.1. Market definition
- 2.2. Market analysis
- 3 Market Data
- 3.1. Market value
- 3.2. Market volume
- 4 Market Segmentation
- 4.1. Category segmentation
- 4.2. Geography segmentation
- 5 Market Outlook
- 5.1. Market value forecast
- 5.2. Market volume forecast
- 6 Five Forces Analysis
- 6.1. Summary
- 6.2. Buyer power
- 6.3. Supplier power
- 6.4. New entrants
- 6.5. Threat of substitutes
- 6.6. Degree of rivalry
- 7 Competitive Landscape
- 7.1. Who are the leading players?
- 7.2. What are the strengths of the leading players?
- 7.3. What are the recent developments in the market?
- 8 Company Profiles
- 8.1. Adecco Group A.G.
- 8.2. ManpowerGroup Inc
- 8.3. PageGroup plc
- 8.4. Randstad NV
- 8.5. Hays plc
- 9 Macroeconomic Indicators
- 9.1. Country data
- 10 Appendix
- 10.1. Methodology
- 10.2. Industry associations
- 10.3. Related MarketLine research
- 10.4. About MarketLine
- List of Tables
- Table 1: Europe employment services market value: $ billion, 2019-24
- Table 2: Europe employment services market volume: thousand average no. of temporary agency employees, 2019-24
- Table 3: Europe employment services market category segmentation: % share, by value, 2019-24
- Table 4: Europe employment services market category segmentation: $ billion, 2019-24
- Table 5: Europe employment services market geography segmentation: $ billion, 2024
- Table 6: Europe employment services market value forecast: $ billion, 2024-29
- Table 7: Europe employment services market volume forecast: thousand average no. of temporary agency employees, 2024-29
- Table 8: Adecco Group A.G.: Key Facts
- Table 9: Adecco Group A.G.: Annual Financial Ratios
- Table 10: Adecco Group A.G.: Key Employees
- Table 11: ManpowerGroup Inc: Key Facts
- Table 12: ManpowerGroup Inc: Annual Financial Ratios
- Table 13: ManpowerGroup Inc: Key Employees
- Table 14: PageGroup plc: Key Facts
- Table 15: PageGroup plc: Annual Financial Ratios
- Table 16: PageGroup plc: Key Employees
- Table 17: Randstad NV: Key Facts
- Table 18: Randstad NV: Annual Financial Ratios
- Table 19: Randstad NV: Key Employees
- Table 20: Hays plc: Key Facts
- Table 21: Hays plc: Annual Financial Ratios
- Table 22: Hays plc: Key Employees
- Table 23: Europe Size of Population (Million), 2020-24
- Table 24: Europe Real GDP (Constant 2010 Prices, $ Billion), 2020-24
- Table 25: Europe GDP (Current Prices, $ Billion), 2020-24
- Table 26: Europe Inflation, 2020-24
- Table 27: Europe Consumer Price Index (Absolute), 2020-24
- Table 28: Europe Exchange Rate, 2019-24
- List of Figures
- Figure 1: Europe employment services market value: $ billion, 2019-24
- Figure 2: Europe employment services market volume: thousand average no. of temporary agency employees, 2019-24
- Figure 3: Europe employment services market category segmentation: $ billion, 2019-24
- Figure 4: Europe employment services market geography segmentation: % share, by value, 2024
- Figure 5: Europe employment services market value forecast: $ billion, 2024-29
- Figure 6: Europe employment services market volume forecast: thousand average no. of temporary agency employees, 2024-29
- Figure 7: Forces driving competition in the employment services market in Europe, 2024
- Figure 8: Drivers of buyer power in the employment services market in Europe, 2024
- Figure 9: Drivers of supplier power in the employment services market in Europe, 2024
- Figure 10: Factors influencing the likelihood of new entrants in the employment services market in Europe, 2024
- Figure 11: Factors influencing the threat of substitutes in the employment services market in Europe, 2024
- Figure 12: Drivers of degree of rivalry in the employment services market in Europe, 2024
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