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United States (US) Employment Services Market Summary, Competitive Analysis and Forecast to 2027

Best Price Guarantee Length Publisher Published Date SKU
from $350 53 Pages MarketLine October, 2023 MTLN18309631
Best Price Guarantee
Price from $350
Length 53 Pages
Publisher MarketLine
Published Date October, 2023
SKU MTLN18309631

United States (US) Employment Services Market Summary, Competitive Analysis and Forecast to 2027


Summary

Employment Services in the United States industry profile provides top-line qualitative and quantitative summary information including: market size (value 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 US employment services market had total revenues of $164.7 billion in 2022, representing a compound annual growth rate (CAGR) of 5.1% between 2017 and 2022.
  • Market consumption volumes declined with a negative CAGR of 1.2% between 2017 and 2022, reaching a total of 3,024.0 thousand average temporary agency employees in 2022.
  • The growth in the US employment services market is influenced by several macroeconomic factors, such as rising GDP and growing business confidence. For instance, according to the Organisation for Economic Co-operation and Development (OECD), the business confidence index of the US stood at 99 in August 2023.
Scope
  • 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 States
  • Use the Five Forces analysis to determine the competitive intensity and therefore attractiveness of the employment services market in the United States
  • 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 States employment services market with five year forecasts
Reasons to Buy
  • What was the size of the United States employment services market by value in 2022?
  • What will be the size of the United States employment services market in 2027?
  • What factors are affecting the strength of competition in the United States employment services market?
  • How has the market performed over the last five years?
  • What are the main segments that make up the United States'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. Kelly Services, Inc.
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 States employment services market value: $ billion, 2017–22
Table 2: United States employment services market volume: thousand Average number of temporary agency employees, 2017–22
Table 3: United States employment services market category segmentation: % share, by value, 2017–2022
Table 4: United States employment services market category segmentation: $ billion, 2017-2022
Table 5: United States employment services market geography segmentation: $ billion, 2022
Table 6: United States employment services market value forecast: $ billion, 2022–27
Table 7: United States 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: Kelly Services, Inc.: key facts
Table 15: Kelly Services, Inc.: Annual Financial Ratios
Table 16: Kelly Services, Inc.: Key Employees
Table 17: Kelly Services, Inc.: Key Employees Continued
Table 18: ManpowerGroup, Inc.: key facts
Table 19: ManpowerGroup, Inc.: Annual Financial Ratios
Table 20: ManpowerGroup, Inc.: Key Employees
Table 21: ManpowerGroup, Inc.: Key Employees Continued
Table 22: United States size of population (million), 2018–22
Table 23: United States gdp (constant 2005 prices, $ billion), 2018–22
Table 24: United States gdp (current prices, $ billion), 2018–22
Table 25: United States inflation, 2018–22
Table 26: United States consumer price index (absolute), 2018–22
Table 27: United States exchange rate, 2018–22
List of Figures
Figure 1: United States employment services market value: $ billion, 2017–22
Figure 2: United States employment services market volume: thousand Average number of temporary agency employees, 2017–22
Figure 3: United States employment services market category segmentation: $ billion, 2017-2022
Figure 4: United States employment services market geography segmentation: % share, by value, 2022
Figure 5: United States employment services market value forecast: $ billion, 2022–27
Figure 6: United States 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 States, 2022
Figure 8: Drivers of buyer power in the employment services market in the United States, 2022
Figure 9: Drivers of supplier power in the employment services market in the United States, 2022
Figure 10: Factors influencing the likelihood of new entrants in the employment services market in the United States, 2022
Figure 11: Factors influencing the threat of substitutes in the employment services market in the United States, 2022
Figure 12: Drivers of degree of rivalry in the employment services market in the United States, 2022

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