Global Temporary Labor Market by End Use (Manufacturing, Healthcare), by Labor Type (Professional, Management, Clerical, Unskilled, Skilled) and Region (North America, Latin America, Europe, Asia Pacific and Middle East & Africa), Forecast To 2028

Summary of the Report

In 2018, the global temporary labor market was worth USD 436.42 trillion. The market is expected to grow at 6.4% between 2019 and 2025. As incumbents in various industries such as construction, healthcare, logistics and information technology (IT), have deployed temporary workers to various expansion projects, the market has seen significant growth. Due to the increasing number of smart cities projects launched by different governments, the demand for temporary labor will increase in the future. This will drive the market during the forecast period.

Employers who choose to use temporary labor services have many benefits. They can reduce their costs of hiring, as well as save on training and employee benefits costs. Organizations can also choose to deploy these workers on non-core jobs and redirect their resources towards core duties. These benefits will encourage organizations to seek short-term labor services.

Enterprises are often faced with a shortage of workers, especially during peak times or when there is another pressing need. In such cases, organizations tend to use temporary labor services. As technology advances, so does the need for skilled workers in software application, design engineering, digital marketing and other areas. This gap can be bridged by temporary workers.

Temporary workers are available for many purposes. These workers are often employed by companies to maintain older infrastructure. Short-term workers can also be employed in retail shops, where footfall tends to rise during holidays and festive season. To meet the growing demand for online shopping-related delivery services, temporary workers are also available.

Temporary workers can cause insecurity in permanent employees and demoralize them. This is detrimental to the organization's growth. These workers are often deployed to customer service, particularly in cases where customers feel comfortable with particular sales agents or personnel. These factors will likely limit market growth.

Labor Type Insights

The market is segmented by labor type into unskilled and clerical, management and skilled. With a market share of 60.0%, the clerical segment was dominant in 2018. Employers in various industries such as manufacturing, insurance and retail prefer to hire experienced clerical workers for short assignments or for different positions. These positions include general office clerks, secretaries and typists.

Both service- and manufacturing companies are also appointing temporary managers to help analyze and organise current operations and improve productivity. This will help to grow the management segment. Manufacturing companies are now hiring temporary workers to align their products and services with changing customer demands. These trends will benefit the labor market's growth over the forecast period.

End-use Insights

Manufacturing prefers to hire temporary workers to meet peak demand and seasonal fluctuations. Manufacturers of clothing, chemicals, electrical equipment and furniture are all part of the manufacturing sector. As these manufacturers seek out such services to maintain uninterrupted production, the manufacturing segment is expected to be the largest in the temporary labor market.

A growing number of people over 65 and the increasing prevalence of many diseases is driving demand for nurses who can be employed on a temporary basis to provide high-quality in-house care. In-house medical consultations are increasing and so is the demand for temporary medical staff. Over the forecast period, healthcare is expected to experience a significant CAGR.

Regional Insights

With a market value of USD 149.61 trillion, Europe was the dominant global market. The region's growth has been supported by a rising demand for temporary workers in the automotive manufacturing industry. This market will grow as there are more small and medium businesses (SMEs) in the area. These SMEs are keen to hire temporary workers to lower their hiring costs.

Asia Pacific is forecast to experience significant growth during the forecast period. The region's governments are constantly launching national healthcare programs that will increase the demand for temporary workers and foster the market's growth. The Government of India, for example, has launched several health care programs, including Pradhan Mantri Swethya Suraksha Yojana, National Vector Borne Disease Control Programme, and National Aids Control Programme.

Foodpanda and Swiggy are popular food delivery services. Ltd. is one of the fastest growing companies in the region. Temporary workers are being hired by such platforms to ensure timely delivery of food orders.

Market Share Insights & Key Companies

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. are the key players in this market. As part of their effort to be competitive in the market, these companies are focusing on launching innovative products and services. ManpowerGroup Inc. launched a platform called IntelliReach (MSP) TAPFIN in March 2018. This platform is designed to digitize management tools, including supplier scorecards and data warehouse. It helps organizations make better workforce decisions.

Market incumbents are forming strategic alliances and engaging in mergers & acquisitions to grow their businesses and strengthen their market position. Adecco, for example, acquired BioBridges LLC in September 2017 to increase its professional staffing and services for the medical device, pharmaceuticals and biotechnology industries.

Temporary Labour Market Report Scope

The Report Covers Certain Segments

This report predicts revenue growth at the global, regional and country level and analyzes the industry trends in each sub-segment from 2014 to 2025. Grand View Research has divided the global temporary labor market report by labor type, region, and end use for this study.

• Type Outlook (Revenue, USD Billion, 2014 - 2025)

  • Unskilled

  • Clerical

  • Management

  • Skilled

  • For professionals

• End Use Outlook (Revenue, USD Billion, 2014 - 2025)

  • Healthcare

  • Manufacturing

  • BFSI

  • FMCG and retail

  • IT

  • Construction

  • Logistics and Telecom

  • Other

• Regional Outlook (Revenue USD Billion, 2014-2025)

  • North America

    • U.S.

    • Canada

  • Europe

    • U.K.

    • Germany

  • Asia Pacific

    • China

    • India

    • Japan

  • Latin America

    • Brazil

  • Middle East & Africa (MEA)

These are the most frequently asked questions about this report

b. Global temporary labor market size was USD 462.83 trillion in 2019, and is forecast to rise to USD 491.52 billion by 2020.

b. Global temporary labor market will grow at 6.4% compound annual growth rate from 2019 to 2025, reaching USD 673.43 trillion by 2025.

b. With a 34.1% share in 2019, Europe was the dominant market for temporary labor. This can be attributed to the growing demand for temporary workers in the automotive industry.

b. Adecco, Allegis Group, Kelly Services, Inc., Randstad N.V., Hays plc, Robert Half International Inc., Westaff, and Persol Holdings Co. Ltd. are some of the key players in the temporary labor market.

b. Market growth is driven by key factors such as increased productivity due to flexible staffing, and cost optimization through the provision of fewer benefits for temporary employees.

Up Market Research published a new report titled “Temporary Labor Market research report which is segmented by End Use (Manufacturing, Healthcare), by Labor Type (Professional, Management, Clerical, Unskilled, Skilled), By Players/Companies Inc; ManpowerGroup Inc; Randstad NV, Kelly Services, ManpowerGroup Inc introduced a platform called IntelliReach for Managed Service Provider (MSP) TAPFIN The platform helps in digitizing management tools and include supplier scorecards and data warehousing, Allegis Group, Adecco, Robert Half International Inc; Express Services, in March 2018, Inc; Westaff; and Persol Holdings Co Ltd The companies are focusing on launching new products and services as part of their efforts to gain a competitive edge in the market For instance, which helps organizations to make better workforce decisions, Hays plc”. As per the study the market is expected to grow at a CAGR of XX% in the forecast period.

The report covers comprehensive data on emerging trends, market drivers, growth opportunities, and restraints that can change the market dynamics of the industry. It provides an in-depth analysis of the market segments which include products, applications, and competitor analysis.

Global Temporary Labor Market Report Segments:

The market is segmented by End Use (Manufacturing, Healthcare), by Labor Type (Professional, Management, Clerical, Unskilled, Skilled).

Temporary Labor Market research report delivers a close watch on leading competitors with strategic analysis, micro and macro market trend and scenarios, pricing analysis and a holistic overview of the market situations in the forecast period. It is a professional and a detailed report focusing on primary and secondary drivers, market share, leading segments and geographical analysis. Further, key players, major collaborations, merger & acquisitions along with trending innovation and business policies are reviewed in the report.

Key Benefits for Industry Participants & Stakeholders:

• Industry drivers, restraints, and opportunities covered in the study
• Neutral perspective on the market performance
• Recent industry trends and developments
• Competitive landscape & strategies of key players
• Potential & niche segments and regions exhibiting promising growth covered
• Historical, current, and projected market size, in terms of value
• In-depth analysis of the Temporary Labor Market

Overview of the regional outlook of the Temporary Labor Market:

Based on region, the market is segmented into North America, Europe, Asia Pacific, Latin America and Middle East & Africa (MEA). North America region is further bifurcated into countries such as U.S., and Canada. The Europe region is further categorized into U.K., France, Germany, Italy, Spain, Russia, and Rest of Europe. Asia Pacific is further segmented into China, Japan, South Korea, India, Australia, South East Asia, and Rest of Asia Pacific. Latin America region is further segmented into Brazil, Mexico, and Rest of Latin America, and the MEA region is further divided into GCC, Turkey, South Africa, and Rest of MEA.

Highlights of The Temporary Labor Market Report:

1. The market structure and projections for the coming years.
2. Drivers, restraints, opportunities, and current trends of Temporary Labor Market.
3. Historical data and forecast.
4. Estimations for the forecast period 2028.
5. Developments and trends in the market.

                1. Manufacturing

                2. Healthcare

                1. Professional

                2. Management

                3. Clerical

                4. Unskilled

                5. Skilled

8. Market scenario by region, sub-region, and country.
9. Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
10. Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
11. Government Policies, Macro & Micro economic factors are also included in the report.

We have studied the Temporary Labor Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2028.

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Reasons to Purchase the Temporary Labor Market Report:

• The report includes a plethora of information such as market dynamics scenario and opportunities during the forecast period
• Segments and sub-segments include quantitative, qualitative, value (USD Million,) and volume (Units Million) data.
• Regional, sub-regional, and country level data includes the demand and supply forces along with their influence on the market.
• The competitive landscape comprises share of key players, new developments, and strategies in the last three years.
• Comprehensive companies offering products, relevant financial information, recent developments, SWOT analysis, and strategies by these players.