Temporary Labor Market

Temporary Labor Market Size, Share, Growth Analysis, By Type(Unskilled, Clerical, Management, Skilled), By End Use(Healthcare, Manufacturing, BFSI, FMCG and retail), By Region(North America, Europe, Asia Pacific, Latin America) - Industry Forecast 2024-2031

Report ID: UCMIG20N2008 | Region: Global | Published Date: Upcoming |
Pages: 165 | Tables: 55 | Figures: 60

Temporary Labor Market Insights

Market Overview:

In 2018, the global temporary labor market reached a significant valuation of USD 436.42 billion. This growth can be attributed to several factors, including the rising trend of organizations opting for flexible staffing solutions, cost-effectiveness, and the need for agility in the dynamic business environment. With the continuous evolution of the gig economy and the increasing demand for temporary workers across various industries, the temporary labor market is projected to expand further in the foreseeable future, presenting opportunities for both employers and temporary workers.

Temporary Labor Market, Forecast & Y-O-Y Growth Rate, 2020 - 2028
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This report is being written to illustrate the market opportunity by region and by segments, indicating opportunity areas for the vendors to tap upon. To estimate the opportunity, it was very important to understand the current market scenario and the way it will grow in future.

Production and consumption patterns are being carefully compared to forecast the market. Other factors considered to forecast the market are the growth of the adjacent market, revenue growth of the key market vendors, scenario-based analysis, and market segment growth.

The market size was determined by estimating the market through a top-down and bottom-up approach, which was further validated with industry interviews. Considering the nature of the market we derived the Diversified Support Services by segment aggregation, the contribution of the Diversified Support Services in Commercial & Professional Services and vendor share.

To determine the growth of the market factors such as drivers, trends, restraints, and opportunities were identified, and the impact of these factors was analyzed to determine the market growth. To understand the market growth in detail, we have analyzed the year-on-year growth of the market. Also, historic growth rates were compared to determine growth patterns.

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The market for Temporary Labor was estimated to be valued at US$ XX Mn in 2021.

The Temporary Labor Market is estimated to grow at a CAGR of XX% by 2028.

The Temporary Labor Market is segmented on the basis of Type, End Use, Region.

Based on region, the Temporary Labor Market is segmented into North America, Europe, Asia Pacific, Middle East & Africa and Latin America.

The key players operating in the Temporary Labor Market are , Adecco, Allegis Group, Kelly Services, Inc., ManpowerGroup Inc., Randstad N.V., Hays plc, Robert Half International Inc., Express Services, Inc., Westaff, Persol Holdings Co. Ltd..

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Temporary Labor Market

Product ID: UCMIG20N2008