Industry Statistics and Trends
Employment Placement Agencies in Europe key trends
The labour market remains resilient despite high inflation.
The number of working-age individuals in employment continues to rise to record levels.
Employment targets in France are an open door for agencies.
Reaching full employment by 2027 is an ambitious goal by the French government that’s attracting the eyes of agencies as measures like the upskilling training programmes are being offered so candidates better match vacancies.
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Employment Placement Agencies in Europe
Industry Revenue
Total value and annual change from 2011-2029. Includes 5-year outlook.
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Employment Placement Agencies in Europe market size (2019-2024)
Industry revenue has declined at a CAGR of 3.2 % over the past five years, to reach an estimated €47.7bn in 2024.
Trends and Insights
Employment continues to boom in developed European economies despite high inflation
- According to the OECD, the share of working-age individuals in employment has reached record highs in the EU and eurozone in the second quarter of 2023.
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Employment Placement Agencies in Europe outlook (2024-2029)
Market size is projected to grow over the next five years.
Certain sectors will see more job growth, while others will lose out to automation
- Employment in Europe will continue the trend of growing more in knowledge-intensive sectors like telecommunications, financial services, real estate and education, but will decline in manufacturing and agriculture.
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Revenue
€47.7bn
Employees
518k
Wages
€XX.Xbn
European Leaders & Laggards
* CAGR values are for the years 2019-2024.
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Biggest companies in the Employment Placement Agencies in Europe
| Company | Market Share (%)
2024 | Revenue (€m)
2024 | Profit (€m)
2024 | Profit Margin (%)
2024 |
|---|---|---|---|---|
Recruit Holdings Co Ltd | 25,612.3 | 2,378.9 | 9.3 | |
Gi Group SpA | 3,724.3 | 92.3 | 2.5 | |
The Adecco Group AG | 23,784.5 | 561.2 | 2.4 |
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Employment Placement Agencies in Europe
Products & Services Segmentation
Industry revenue broken down by key product and services lines.
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Top Questions Answered in this Report
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What is the market size of the Employment Placement Agencies industry in Europe in 2024?
The market size of the Employment Placement Agencies industry in Europe is €47.7bn in 2024.
How many businesses are there in the Employment Placement Agencies in Europe industry in 2024?
There are 71,790 businesses in the Employment Placement Agencies industry in Europe, which has grown at a CAGR of 4.7 % between 2019 and 2024.
Has the Employment Placement Agencies industry in Europe grown or declined over the past 5 years?
The market size of the Employment Placement Agencies industry in Europe has been declining at a CAGR of 4.7 % between 2019 and 2024.
What is the forecast growth of the Employment Placement Agencies industry in Europe over the next 5 years?
Over the next five years, the Employment Placement Agencies industry in Europe is expected to decline.
What are the biggest companies in the Employment Placement Agencies market in Europe?
The biggest companies operating in the Employment Placement Agencies market in Europe are Recruit Holdings Co Ltd, Gi Group SpA and The Adecco Group AG
What does the Employment Placement Agencies in Europe include?
General recruitment and Executive and managerial recruitment are part of the Employment Placement Agencies industry.
Which companies have the highest market share in the Employment Placement Agencies in Europe?
The company holding the most market share in Europe is Recruit Holdings Co Ltd.
Which countries have the most businesses in the Employment Placement Agencies industry in Europe?
The European country with the most businesses in the Employment Placement Agencies industry is Russia.
How competitive is the Employment Placement Agencies industry in Europe?
The level of competition is high and steady in the Employment Placement Agencies industry in Europe.
Related Industries
This industry is covered in 37 countries
- Employment Placement Agencies in Greece
- Employment Placement Agencies in Romania
- Employment Placement Agencies in Norway
- Employment Placement Agencies in Switzerland
- Employment Placement Agencies in Finland
- Employment Placement Agencies in Slovenia
- Employment Placement Agencies in Bulgaria
- Employment Placement Agencies in Austria
- Employment Placement Agencies in France
- Employment Placement Agencies in Lithuania
- Employment Placement Agencies in the Netherlands
- Employment Placement Agencies in Belgium
- Employment Placement Agencies in Hungary
- Employment Placement Agencies in Denmark
- Employment Placement Agencies in Malta
- Employment Placement Agencies in Croatia
- Employment Placement Agencies in Luxembourg
- Employment Placement Agencies in Russia
- Employment Placement Agencies in Slovakia
- Employment Placement Agencies in Poland
- Employment Placement Agencies in Cyprus
- Employment Placement Agencies in Estonia
- Employment Placement Agencies in Iceland
- Employment Placement Agencies in Europe
- Employment Placement Agencies in Spain
- Employment Placement Agencies in Portugal
- Employment Placement Agencies in Serbia
- Employment Placement Agencies in Italy
- Employment Placement Agencies in Czechia
- Employment Placement Agencies in Sweden
- Employment Placement Agencies in Turkey
- Employment Placement Agencies in Latvia
- Employment Placement Agencies in Bosnia & Herzegovina
Table of Contents
About this industry
Industry definition
Agencies in this industry list employment vacancies, refer applicants to jobs or directly place them in permanent positions. The individuals referred or placed are not employees of the employment agency. The activities of online placement agencies are also included in the industry.
Related Terms
Human Resources Labour Productivity Executive Search RecruiterWhat's included in this industry?
General recruitmentExecutive and managerial recruitment HR strategy and consulting supportOnline recruitmentCompanies
Recruit Holdings Co LtdGi Group SpAThe Adecco Group AGIndustry Code
781 - Activities of employment placement agencies in Europe
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Performance
Key Takeaways
Employment continues to boom in developed European economies despite high inflation
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Revenue Highlights
Trends
- Revenue
- 2024 Revenue CAGR
- Revenue Volatility
Employment Highlights
Trends
- Employees
- Employees per Business
- Revenue per Employee
Business Highlights
Trends
- Businesses
- Employees per Business
- Revenue per Business
Profit Highlights
Trends
- Total Profit
- Profit Margin
- Profit per Business
Current Performance
Charts
- Revenue in the Employment Placement Agencies in Europe industry (2011 -2029)
- Employees in the Employment Placement Agencies in Europe industry (2011 -2029)
- Business in the Employment Placement Agencies in Europe industry (2011 -2029)
- Profit in the Employment Placement Agencies in Europe industry (2011 -2029)
Analysis
What's driving current industry performance in the Employment Placement Agencies in Europe industry?
Outlook
Analysis
What's driving the Employment Placement Agencies in Europe industry outlook?
Volatility
Analysis
What influences volatility in the Employment Placement Agencies in Europe industry?
Charts
- Industry Volatility vs. Revenue Growth Matrix
Life Cycle
Analysis
What determines the industry life cycle stage in the Employment Placement Agencies in Europe industry?
Charts
- Industry Life Cycle Matrix
Products and Markets
Highlights
Trends
- Largest Market
- Product Innovation
Key Takeaways
Technology is now engrained in the recruitment process. Almost all agencies have online recruitment sites and have incorporated matching technology to speed up the hiring process.
Products and Services
Charts
- Products and Services Segmentation
Analysis
How are the Employment Placement Agencies in Europe industry's products and services performing?
Analysis
What are innovations in the Employment Placement Agencies in Europe industry's products and services?
Major Markets
Charts
- Major Market Segmentation
Analysis
What influences demand in the Employment Placement Agencies in Europe industry?
International Trade
Highlights
- Largest Importer
- Smallest Importer
- Total Imports into Europe
- Largest Exporter
- Smallest Exporter
- Total Exports into Europe
Heat maps
- Industry Concentration of Imports by Country
- Industry Concentration of Exports by Country
Data Tables
Value and annual change (%) included
- Number of Imports and Exports by European Country (2024)
Geographic Breakdown
Business Locations
Heat maps
- Share of Total Industry Revenue by Region (2024)
- Share of Total Industry Enterprises by Region (2024)
- Share of Total Industry Employment by Region (2024)
- Share of Total Industry Wages by Region (2024)
Industry Geographic Breakdown
Data Tables
Values and annual change provided for 37 European countries:
- Revenue (2024)
- IVA (2024)
- Enterprises (2024)
- Employment (2024)
- Exports (2024)
- Imports (2024)
Competitive Forces
Highlights
Trends
- Concentration
- Competition
- Barriers to Entry
- Substitutes
- Buyer Power
- Supplier Power
Key Takeaways
Agencies expand by servicing different geographical areas and specialising. Agencies have different geographical businesses to service the employment needs of different areas, specialise in certain sectors and are making more use of online job listings to capture market demand quicker.
Supply Chain
Charts
Buyer and supply industries
Companies
Market Share
Charts
- Industry Market Share by Company (2019-2024)
Companies
Data Tables
Top 10 companies by market share:
- Market share (2024)
- Revenue (2024)
- Profit (2024)
- Profit Margin (2024)
Data Tables
- Countries of operation for Recruit Holdings Co Ltd
- Countries of operation for Gi Group SpA
- Countries of operation for The Adecco Group AG
- Countries of operation for Randstad NV
- Countries of operation for Kelly Services, Inc.
- Countries of operation for Hays plc
- Countries of operation for Robert Half International Inc.
- Countries of operation for Michael Page International Recruitment Ltd
- Countries of operation for ManpowerGroup SRL
- Countries of operation for Hudson RPO Ltd
External Environment
Highlights
Trends
- Regulation & Policy
- Assistance
Key Takeaways
Agencies must follow legislation ensuring jobseekers are treated fairly. Agencies aren’t allowed to charge a fee to a jobseeker for finding them work, withhold pay for agency workers or stop someone from working elsewhere.
External Drivers
Analysis
What demographic and macroeconomic factors impact the Employment Placement Agencies in Europe industry?
Financial Benchmarks
Highlights
Trends
- Profit Margin
- Average Wage
- Largest Cost
Key Takeaways
Profit fluctuates based on the industry sector and salary of roles. The level and pay of the roles recruiters are hiring for affect profit and the area of specialisation is key.
Cost Structure
Charts
- Share of Economy vs. Investment Matrix
-
Industry Cost Structure Benchmarks:
- Marketing
- Depreciation
- Profit
- Purchases
- Wages
- Rent
- Utilities
- Other
Analysis
What trends impact cost in the Employment Placement Agencies in Europe industry?
Key Ratios
Data tables
- IVA/Revenue (2014-2029)
- Imports/Demand (2014-2029)
- Exports/Revenue (2014-2029)
- Revenue per Employee (2014-2029)
- Wages/Revenue (2014-2029)
- Employees per Establishment (2014-2029)
- Average Wage (2014-2029)
Country Benchmarks
European Leaders & Laggards
Data Tables
Top and boottom five countries listed for each:
- Revenue Growth (2024)
- Business Growth (2024)
- Job Growth (2024)
European Country Performance
Data Tables
Rankings available for 37 countries. Statistics ranked include:
- IVA/Revenue (2024)
- Imports/Demand (2024)
- Exports/Revenue (2024)
- Revenue per Employee (2024)
- Wages/Revenue (2024)
- Employees per Establishment (2024)
- Average Wage (2024)
Structural Comparison
Data Tables
Trends in 37 countries benchmarked against trends in Europe
- Concentration
- Competition
- Barriers to Entry
- Buyer Power
- Supplier Power
- Volatility
- Capital Intensity
- Innovation
- Life Cycle
Key Statistics
Industry Data
Data Tables
Including values and annual change:
- Revenue (2014-2029)
- IVA (2014-2029)
- Establishments (2014-2029)
- Enterprises (2014-2029)
- Employment (2014-2029)
- Exports (2014-2029)
- Imports (2014-2029)
- Wages (2014-2029)
Methodology
Where does IBISWorld source its data?
IBISWorld is a world-leading provider of business information, with reports on 5,000+ industries in Australia, New Zealand, North America, Europe and China. Our expert industry analysts start with official, verified and publicly available sources of data to build an accurate picture of each industry.
Each industry report incorporates data and research from government databases, industry-specific sources, industry contacts, and IBISWorld's proprietary database of statistics and analysis to provide balanced, independent and accurate insights.
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