As per this study the Global Temporary Labor Market was valued USD XX MN (by revenue) in 2021 and is anticipated to reach USD XX MN by 2027 with a CAGR of XX%.
Temporary labor refers to labor who are contracted for short or long term assignments. These include unskilled, clerical, management, skilled and professionals. Temporary labor meets the need for temporary help across different sectors such as healthcare, manufacturing, FMCG, IT, construction, logistics, and other industries. In addition, an employer hires temporary labors in an emergency because of the inappropriate or less workforce for the desired work.
The increasing demand for temporary professionals in the IT industry is driving market growth. Also, the benefits of less hiring cost, as well as savings on employee benefits and training cost, are further fuelling the market growth. Additionally, increasing demand from transportation and logistics is again accelerating market growth. On the other hand, increasing replacement of temporary labor by robotics and artificial intelligence may hamper market growth.
This detailed market study is centered on the data obtained from multiple sources and is analyzed using numerous tools including porter’s five forces analysis, market attractiveness analysis and value chain analysis. These tools are employed to gain insights of the potential value of the market facilitating the business strategists with the latest growth opportunities. Additionally, these tools also provide a detailed analysis of each application/product segment in the global market of temporary labor.
The broad temporary labor market has been sub-grouped into type and end-user. The report studies these subsets with respect to the geographical segmentation. The strategists can gain a detailed insight and devise appropriate strategies to target specific market. This detail will lead to a focused approach leading to identification of better opportunities.
- FMCG & retail
- Logistics & Telecom
Furthermore, the report comprises of the geographical segmentation which mainly focuses on current and forecast demand for temporary labor in North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. The report further focuses on demand for individual application segments in all the regions.
Global Temporary Labor Market Share by Region (Representative Graph)
The report also covers detailed competitive landscape including company profiles of key players operating in the global market. The key players in the temporary labor market include Adecco, Allegis Group, Express Services, Inc., Hays plc, Kelly Services, Inc., ManpowerGroup Inc., Persol Holdings Co. Ltd., Randstad N.V., Robert Half International Inc. and Westaff. An in-depth view of the competitive outlook includes future capacities, key mergers & acquisitions, financial overview, partnerships, collaborations, new product launches, new product developments and other developments with information in terms of H.Q.
A combination of primary and secondary research has been used to determine the market estimates and forecasts. Sources used for secondary research include (but not limited to) Paid Data Sources, Company Websites, Technical Journals, Annual Reports, SEC Filings and various other industry publications. Specific details on methodology used for this report can be provided on demand.