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Published: Jan, 2019 | Pages:
167 | Publisher: Grand View Research
Industry: Construction | Report Format: Electronic (PDF)
The global temporary labor market size is estimated to reach USD 673.43 billion by 2025, registering a CAGR of 6.4% from 2019 to 2025, according to a new study conducted by Grand View Research, Inc. Soaring need to employ temporary labor to offset labor shortages while handling additional projects or during peak periods is expected to drive the temporary labor market. Surging use of latest and advanced technologies, including augmented reality (AR) and virtual reality (VR), in recruitment processes is allowing recruiters to select best workforce. Small and medium enterprises across the world are increasingly hiring employees on temporary basis to reduce costs and provide flexible staff on an as-needed basis. This is likely to boost the growth of the market over the forecast period. There is an increasing demand for temporary workforce required during execution phase of development programs launched by various governments. At the same time, several nations are introducing guest worker programs, which envisage allowing foreign workers to work in host nation on a temporary basis as temporary workers. For instance, in the U.S., the H-2A and H-2B programs allow farm owners to bring in low-skilled workers for agricultural and non-agricultural tasks, respectively; provided these tasks are temporary, after applying formally to the Department of Labor (DOL). An employer is not obliged to provide retirement security, health insurance, and other compensations to temporary workers. In other words, enterprises can reduce average cost of hiring and prevent additional overhead costs from incurring by opting for temporary labor services. Moreover, organizations are free to hire temporary workers whenever they are required, for example, while handling additional projects and during peak periods. Such benefits bode well for the global temporary labor market. Further key findings from the study suggest: • The management labor type segment is projected to post the highest CAGR of 11.0% during the forecast period. Intense competition is prompting organizations to hire temporary workers as part of their efforts to increase productivity, thereby propelling the market. • The healthcare end-use segment is poised to witness the highest CAGR of 8.3% from 2019 to 2025, as increasing number of temporary workers are being deployed on healthcare programs and medical campaigns launched in various nations • Europe will dominate the market throughout the forecast horizon. It is anticipated to reach USD 222.37 billion by 2025, owing to burgeoning popularity of online food ordering • The key industry participants include Adecco; Allegis Group; Kelly Services, Inc.; ManpowerGroup Inc.; Randstad N.V.; Hays plc; Robert Half International Inc.; Express Services, Inc.; Westaff; and Persol Holdings Co. Ltd.
Table of Contents
Chapter 1 Methodology and Scope
1.1 Research Methodology
1.2 Research Scope and Assumptions
1.3 List of Data Sources
Chapter 2 Executive Summary
2.1 Temporary Labor Market - Industry Snapshot & Key Buying Criteria, 2014 - 2025
2.2 Global Temporary Labor Market, 2014 - 2025
2.2.1 Global temporary labor market, by region, 2014 - 2025
2.2.2 Global temporary labor market, by labor type, 2014 - 2025
2.2.3 Global temporary labor market, by end-use, 2014 - 2025
Chapter 3 Temporary Labor Industry Outlook
3.1 Market Segmentation & Scope
3.2 Market Size and Growth Prospects
3.3 Temporary Labor - Value Chain Analysis
3.3.1 Vendor landscape
3.4 Temporary Labor Market Dynamics
3.4.1 Market driver analysis
3.4.1.1 Improved productivity owing to increase in flexible staffing
3.4.1.2 Cost optimization due to the provision of fewer benefits to temporary employees
3.4.2 Market challenge analysis
3.4.2.1 Low workplace morale and increased expenses for the employer
3.5 Penetration and Growth Prospect Mapping
3.6 Temporary Labor - Porter's Five Forces Analysis
3.7 Temporary Labor Market - Company Ranking, 2018
3.8 Temporary Labor - PESTEL Analysis
Chapter 4 Temporary Labor Type Outlook
4.1 Temporary Labor Market Share By Labor Type, 2018
4.2 Unskilled
4.2.1 Unskilled temporary labor market, 2014 - 2025
4.3 Clerical
4.3.1 Clerical temporary labor market, 2014 - 2025
4.4 Management
4.4.1 Management temporary labor market, 2014 - 2025
4.5 Skilled
4.5.1 Skilled temporary labor market, 2014 - 2025
4.6 Professional
4.6.1 Professional temporary labor market, 2014 - 2025
Chapter 5 Temporary Labor End-use Outlook
5.1 Temporary Labor Market Share By End-use, 2018
5.2 Healthcare
5.2.1 Temporary labor market in healthcare, 2014 - 2025
5.3 Manufacturing
5.3.1 Temporary labor market in manufacturing, 2014 - 2025
5.4 BFSI
5.4.1 Temporary labor market in BFSI, 2014 - 2025
5.5 FMCG and Retail
5.5.1 Temporary labor market in FMCG and retail, 2014 - 2025
5.6 IT
5.6.1 Temporary labor market in IT, 2014 - 2025
5.7 Construction
5.7.1 Temporary labor market in construction, 2014 - 2025
5.8 Logistics and Telecom
5.8.1 Temporary labor market in logistics and telecom, 2014 - 2025
5.9 Others
5.9.1 Temporary labor market in other end-use, 2014 - 2025
Chapter 6 Temporary Labor Regional Outlook
6.1 Temporary Labor Market Share by Region, 2018
6.2 North America
6.2.1 North America temporary market, 2014 - 2025
6.2.2 North America temporary labor market, by labor type, 2014 - 2025
6.2.3 North America temporary labor market, by end-use, 2014 - 2025
6.2.4 U.S.
6.2.4.1 U.S. temporary labor market, 2014 - 2025
6.2.4.2 U.S. temporary labor market, by labor type, 2014 - 2025
6.2.4.3 U.S. temporary labor market, by end-use, 2014 - 2025
6.2.5 Canada
6.2.5.1 Canada temporary labor market, 2014 - 2025
6.2.5.2 Canada temporary labor market, by labor type, 2014 - 2025
6.2.5.3 Canada temporary labor market, by end-use, 2014 - 2025
6.3 Europe
6.3.1 Europe temporary labor market, 2014 - 2025
6.3.2 Europe temporary labor market, by labor type, 2014 - 2025
6.3.3 Europe temporary labor market, by end-use, 2014 - 2025
6.3.4 Germany
6.3.4.1 Germany temporary labor market, 2014 - 2025
6.3.4.2 Germany temporary labor market, by labor type, 2014 - 2025
6.3.4.3 Germany temporary labor market, by end-use, 2014 - 2025
6.3.5 U.K.
6.3.5.1 U.K. temporary labor market, 2014 - 2025
6.3.5.2 U.K. temporary labor market, by labor type, 2014 - 2025
6.3.5.3 U.K. temporary labor market, by end-use, 2014 - 2025
6.4 Asia Pacific
6.4.1 Asia Pacific temporary labor market, 2014 - 2025
6.4.2 Asia Pacific temporary labor market, by labor type, 2014 - 2025
6.4.3 Asia Pacific temporary labor market, by end-use, 2014 - 2025
6.4.4 China
6.4.4.1 China temporary labor market, 2014 - 2025
6.4.4.2 China temporary labor market, by labor type, 2014 - 2025
6.4.4.3 China temporary labor market, by end-use, 2014 - 2025
6.4.5 India
6.4.5.1 India temporary labor market, 2014 - 2025
6.4.5.2 India temporary labor market, by labor type, 2014 - 2025
6.4.5.3 India temporary labor market, by end-use, 2014 - 2025
6.4.6 Japan
6.4.6.1 Japan temporary labor market, 2014 - 2025
6.4.6.2 Japan temporary labor market, by labor type, 2014 - 2025
6.4.6.3 Japan temporary labor market, by end-use, 2014 - 2025
6.5 Latin America
6.5.1 Latin America temporary labor market, 2014 - 2025
6.5.2 Latin America temporary labor market, by labor type, 2014 - 2025
6.5.3 Latin America temporary labor market, by end-use, 2014 - 2025
6.5.4 Brazil
6.5.4.1 Brazil temporary labor market, 2014 - 2025
6.5.4.2 Brazil temporary labor market, by labor type, 2014 - 2025
6.5.4.3 Brazil temporary labor market, by end-use, 2014 - 2025
6.6 MEA
6.6.1 MEA temporary labor market, 2014 - 2025
6.6.2 MEA temporary labor market, by labor type, 2014 - 2025
6.6.3 MEA temporary labor market, by end-use, 2014 - 2025
Chapter 7 Competitive Landscape
7.1 Adecco
7.1.1 Company overview
7.1.2 Product benchmarking
7.1.3 Strategic initiatives
7.2 Allegis Group
7.2.1 Company overview
7.2.2 Product benchmarking
7.2.3 Strategic initiatives
7.3 Kelly Services, Inc.
7.3.1 Company overview
7.3.2 Financial performance
7.3.3 Product benchmarking
7.3.4 Strategic initiatives
7.4 ManpowerGroup Inc.
7.4.1 Company overview
7.4.2 Financial performance
7.4.3 Product benchmarking
7.4.4 Strategic Initiatives
7.5 Randstad N.V.
7.5.1 Company overview
7.5.2 Financial performance
7.5.3 Product benchmarking
7.5.4 Strategic initiatives
7.6 Hays plc
7.6.1 Company overview
7.6.2 Financial performance
7.6.3 Product benchmarking
7.6.4 Strategic initiatives
7.7 Robert Half International Inc.
7.7.1 Company overview
7.7.2 Financial performance
7.7.3 Product benchmarking
7.7.4 Strategic initiatives
7.8 Express Services, Inc.
7.8.1 Company overview
7.8.2 Product benchmarking
7.8.3 Strategic initiatives
7.9 Westaff
7.9.1 Company overview
7.9.2 Product benchmarking
7.10 Persol Holdings Co. Ltd.
7.10.1 Company overview
7.10.2 Financial performance
7.10.3 Product benchmarking
7.10.4 Strategic initiatives
List of Tables TABLE 1 Temporary labor market - Industry snapshot & key buying criteria, 2014 - 2025 TABLE 2 Global temporary labor market, 2014 - 2025 (USD Billion) TABLE 3 Global temporary labor market, by region, 2014 - 2025 (USD Billion) TABLE 4 Global temporary labor market, by type, 2014 - 2025 (USD Billion) TABLE 5 Global temporary labor market, by end-use, 2014 - 2025 (USD Billion) TABLE 6 Vendor landscape TABLE 7 Temporary labor - Key market driver impact TABLE 8 Temporary labor - Key market challenge impact TABLE 9 Unskilled temporary labor market, 2014 - 2025 (USD Billion) TABLE 10 Unskilled temporary labor market, by region, 2014 - 2025 (USD Billion) TABLE 11 Clerical temporary labor market, 2014 - 2025 (USD Billion) TABLE 12 Clerical temporary labor market, by region, 2014 - 2025 (USD Billion) TABLE 13 Manangement temporary labor market, 2014 - 2025 (USD Billion) TABLE 14 Management temporary labor market, by region, 2014 - 2025 (USD Billion) TABLE 15 Skilled temporary labor market, 2014 - 2025 (USD Billion) TABLE 16 Skilled temporary labor market, by region, 2014 - 2025 (USD Billion) TABLE 17 Professional temporary labor market, 2014 - 2025 (USD Billion) TABLE 18 Professional temporary labor market, by region, 2014 - 2025 (USD Billion) TABLE 19 Temporary labor market in healthcare, 2014 - 2025 (USD Billion) TABLE 20 Temporary labor market in healthcare, by region, 2014 - 2025 (USD Billion) TABLE 21 Temporary labor market in manufacturing, 2014 - 2025 (USD Billion) TABLE 22 Temporary labor market in manufacturing, by region, 2014 - 2025 (USD Billion) TABLE 23 Temporary labor market in BFSI, 2014 - 2025 (USD Billion) TABLE 24 Temporary labor market in BFSI, by region, 2014 - 2025 (USD Billion) TABLE 25 Temporary labor market in FMCG and retail, 2014 - 2025 (USD Billion) TABLE 26 Temporary labor market in FMCG and retail, by region, 2014 - 2025 (USD Billion) TABLE 27 Temporary labor market in IT, 2014 - 2025 (USD Billion) TABLE 28 Temporary labor market in IT, by region, 2014 - 2025 (USD Billion) TABLE 29 Temporary labor market in construction, 2014 - 2025 (USD Billion) TABLE 30 Temporary labor market in construction, by region, 2014 - 2025 (USD Billion) TABLE 31 Temporary labor market in logistics and telecom, 2014 - 2025 (USD Billion) TABLE 32 Temporary labor market in logistics and telecom, by region, 2014 - 2025 (USD Billion) TABLE 33 Temporary labor market in other end-use, 2014 - 2025 (USD Billion) TABLE 34 Temporary labor market in other end-use, by region, 2014 - 2025 (USD Billion) TABLE 35 North America temporary market, 2014 - 2025 (USD Billion) TABLE 36 North America temporary labor market, by labor type, 2014 - 2025 (USD Billion) TABLE 37 North America temporary labor market, by end-use, 2014 - 2025 (USD Billion) TABLE 38 U.S. temporary labor market, 2014 - 2025 (USD Billion) TABLE 39 U.S. temporary labor market, by labor type, 2014 - 2025 (USD Billion) TABLE 40 U.S. temporary labor market, by end-use, 2014 - 2025 (USD Billion) TABLE 41 Canada temporary labor market, 2014 - 2025 (USD Billion) TABLE 42 Canada temporary labor market, by labor type, 2014 - 2025 (USD Billion) TABLE 43 Canada temporary labor market, by end-use, 2014 - 2025 (USD Billion) TABLE 44 Europe temporary labor market, 2014 - 2025 (USD Billion) TABLE 45 Europe temporary labor market, by labor type, 2014 - 2025 (USD Billion) TABLE 46 Europe temporary labor market, by end-use, 2014 - 2025 (USD Billion) TABLE 47 Germany temporary labor market, 2014 - 2025 (USD Billion) TABLE 48 Germany temporary labor market, by labor type, 2014 - 2025 (USD Billion) TABLE 49 Germany temporary labor market, by end-use, 2014 - 2025 (USD Billion) TABLE 50 U.K. temporary labor market, 2014 - 2025 (USD Billion) TABLE 51 U.K. temporary labor market, by labor type, 2014 - 2025 (USD Billion) TABLE 52 U.K. temporary labor market, by end-use, 2014 - 2025 (USD Billion) TABLE 53 Asia Pacific temporary labor market, 2014 - 2025 (USD Billion) TABLE 54 Asia Pacific temporary labor market, by labor type, 2014 - 2025 (USD Billion) TABLE 55 Asia Pacific temporary labor market, by end-use, 2014 - 2025 (USD Billion) TABLE 56 China temporary labor market, 2014 - 2025 (USD Billion) TABLE 57 China temporary labor market, by labor type, 2014 - 2025 (USD Billion) TABLE 58 China temporary labor market, by end-use, 2014 - 2025 (USD Billion) TABLE 59 India temporary labor market, 2014 - 2025 (USD Billion) TABLE 60 India temporary labor market, by labor type, 2014 - 2025 (USD Billion) TABLE 61 India temporary labor market, by end-use, 2014 - 2025 (USD Billion) TABLE 62 Japan temporary labor market, 2014 - 2025 (USD Billion) TABLE 63 Japan temporary labor market, by labor type, 2014 - 2025 (USD Billion) TABLE 64 Japan temporary labor market, by end-use, 2014 - 2025 (USD Billion) TABLE 65 Latin America temporary labor market, 2014 - 2025 (USD Billion) TABLE 66 Latin America temporary labor market, by labor type, 2014 - 2025 (USD Billion) TABLE 67 Latin America temporary labor market, by end-use, 2014 - 2025 (USD Billion) TABLE 68 Brazil temporary labor market, 2014 - 2025 (USD Billion) TABLE 69 Brazil temporary labor market, by labor type, 2014 - 2025 (USD Billion) TABLE 70 Brazil temporary labor market, by end-use, 2014 - 2025 (USD Billion) TABLE 71 MEA temporary labor market, 2014 - 2025 (USD Billion) TABLE 72 MEA temporary labor market, by labor type, 2014 - 2025 (USD Billion) TABLE 73 MEA temporary labor market, by end-use, 2014 - 2025 (USD Billion)
List of Figures FIG. 1 Market segmentation and scope FIG. 2 Global temporary labor market, 2014 - 2025 (USD Billion) FIG. 3 Temporary labor - Value chain analysis FIG. 4 Temporary Labor market dynamics FIG. 5 Key opportunities prioritized FIG. 6 Temporary labor - Porter's five forces analysis FIG. 7 Temporary labor - Company ranking, 2018 FIG. 8 Temporary labor - PESTEL analysis FIG. 9 Temporary labor market, by labor type, 2018 FIG. 10 Temporary labor market, by end-use, 2018 FIG. 11 Temporary labor market, by region, 2018 FIG. 12 Temporary labor market - Regional takeaways FIG. 13 North America temporary labor market - Key takeaways FIG. 14 Europe temporary labor market - Key takeaways FIG. 15 Asia Pacific temporary labor market - Key takeaways FIG. 16 Latin America temporary labor market - Key takeaways FIG. 17 MEA temporary labor market - Key takeaways
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