United Kingdom (UK) Employment Services Market Summary, Competitive Analysis and Forecast to 2027
Summary
Employment Services in the United Kingdom industry profile provides top-line qualitative and quantitative summary information including: market share, market size (value and volume 2017-22, and forecast to 2027). The profile also contains descriptions of the leading players including key financial metrics and analysis of competitive pressures within the market.
Key Highlights
- 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, 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 UK employment services market had total revenues of $44.5 billion in 2022, representing a compound annual growth rate (CAGR) of 2.3% between 2017 and 2022.
- Market consumption volume increased with a CAGR of 1.2% between 2017 and 2022, reaching a total of 1,334.0 thousand average temporary agency employees in 2022.
- The growth in the UK employment services market is influenced by several macroeconomic factors, such as rising GDP and growing business confidence. For instance, business confidence, a quarterly indicator of manufacturing confidence in the UK maintained by the Confederation of British Industry, increased to +6 in the third quarter of 2023 from -2.0 in the previous three months.
- Save time carrying out entry-level research by identifying the size, growth, major segments, and leading players in the employment services market in the United Kingdom
- Use the Five Forces analysis to determine the competitive intensity and therefore attractiveness of the employment services market in the United Kingdom
- 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 United Kingdom employment services market with five year forecasts by both value and volume
- What was the size of the United Kingdom employment services market by value in 2022?
- What will be the size of the United Kingdom employment services market in 2027?
- What factors are affecting the strength of competition in the United Kingdom employment services market?
- How has the market performed over the last five years?
- Who are the top competitors in the United Kingdom'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 leading players in the market?
- 7.3. What strategies do the leading players follow?
- 7.4. What are the most recent market developments?
- 8 Company Profiles
- 8.1. Adecco Group AG
- 8.2. Randstad Holding nv
- 8.3. Hays plc
- 8.4. ManpowerGroup, Inc.
- 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: United Kingdom employment services market value: $ billion, 2017–22
- Table 2: United Kingdom employment services market volume: thousand Average number of temporary agency employees, 2017–22
- Table 3: United Kingdom employment services market category segmentation: % share, by value, 2017–2022
- Table 4: United Kingdom employment services market category segmentation: $ billion, 2017-2022
- Table 5: United Kingdom employment services market geography segmentation: $ billion, 2022
- Table 6: United Kingdom employment services market value forecast: $ billion, 2022–27
- Table 7: United Kingdom employment services market volume forecast: thousand Average number of temporary agency employees, 2022–27
- Table 8: Adecco Group AG: key facts
- Table 9: Adecco Group AG: Annual Financial Ratios
- Table 10: Adecco Group AG: Key Employees
- Table 11: Randstad Holding nv: key facts
- Table 12: Randstad Holding nv: Annual Financial Ratios
- Table 13: Randstad Holding nv: Key Employees
- Table 14: Hays plc: key facts
- Table 15: Hays plc: Annual Financial Ratios
- Table 16: Hays plc: Key Employees
- Table 17: ManpowerGroup, Inc.: key facts
- Table 18: ManpowerGroup, Inc.: Annual Financial Ratios
- Table 19: ManpowerGroup, Inc.: Key Employees
- Table 20: ManpowerGroup, Inc.: Key Employees Continued
- Table 21: United Kingdom size of population (million), 2018–22
- Table 22: United Kingdom gdp (constant 2005 prices, $ billion), 2018–22
- Table 23: United Kingdom gdp (current prices, $ billion), 2018–22
- Table 24: United Kingdom inflation, 2018–22
- Table 25: United Kingdom consumer price index (absolute), 2018–22
- Table 26: United Kingdom exchange rate, 2018–22
- List of Figures
- Figure 1: United Kingdom employment services market value: $ billion, 2017–22
- Figure 2: United Kingdom employment services market volume: thousand Average number of temporary agency employees, 2017–22
- Figure 3: United Kingdom employment services market category segmentation: $ billion, 2017-2022
- Figure 4: United Kingdom employment services market geography segmentation: % share, by value, 2022
- Figure 5: United Kingdom employment services market value forecast: $ billion, 2022–27
- Figure 6: United Kingdom employment services market volume forecast: thousand Average number of temporary agency employees, 2022–27
- Figure 7: Forces driving competition in the employment services market in the United Kingdom, 2022
- Figure 8: Drivers of buyer power in the employment services market in the United Kingdom, 2022
- Figure 9: Drivers of supplier power in the employment services market in the United Kingdom, 2022
- Figure 10: Factors influencing the likelihood of new entrants in the employment services market in the United Kingdom, 2022
- Figure 11: Factors influencing the threat of substitutes in the employment services market in the United Kingdom, 2022
- Figure 12: Drivers of degree of rivalry in the employment services market in the United Kingdom, 2022
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