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Employment Placement Agencies in Bulgaria - Market Size, Industry Analysis, Trends and Forecasts (2024-2029)

BG-N781 March 2024 Factsheet

Revenue

€44.4m

2019-2024 0.4 %
2024-2029 X.X %

Employees

1,891

2019-2024 8.8 %
2024-2029 X.X %

Businesses

400

2019-2024 3.2 %
2024-2029 X.X %

Wages

€XX.Xm

2019-2024 X.X %
2024-2029 X.X %

Employment Placement Agencies in Bulgaria market size outlook

Total value and annual change from from 2014-2029. Includes 5-year outlook.

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About Factsheets

Industry Statistics and Rankings

How does this industry perform in Bulgaria compared to Europe?

Country Benchmarking

Industry Data Bulgaria

Ranking are out of 37 European countries for which IBISWorld provides country-level factsheets.

Revenue
#28 In Europe
Business
#19 In Europe
Employees
#20 In Europe
Wages
#27 In Europe

View industry report for Europe

Employment placement agencies in Europe’s revenue is anticipated to contract at a compound annual rate of 3.2% over the five years through 2024 to €47.8 billion. The COVID-19 outbreak tanked business confidence and expansion plans because of economic uncertainty after months of global lockdowns, forcing hiring freezes in a tricky time for employment agencies. 2022 marked a resurgence for agencies. According to Eurostat data, employment in the EU reached a record peak of 74.6% in 2022, with unemployment falling month-on-month to 5.9% in August 2023.

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Enterprises
Number of businesses in 2024

Biggest companies in the Employment Placement Agencies in Bulgaria

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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Top Questions Answered in this Report

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What is the market size of the Employment Placement Agencies industry in Bulgaria in 2024?

The market size of the Employment Placement Agencies industry in Bulgaria is €44.4m in 2024.

How many businesses are there in the Employment Placement Agencies in Bulgaria industry in 2024?

There are 400 businesses in the Employment Placement Agencies industry in Bulgaria, which has grown at a CAGR of 3.2 % between 2019 and 2024.

Has the Employment Placement Agencies industry in Bulgaria grown or declined over the past 5 years?

The market size of the Employment Placement Agencies industry in Bulgaria has been growing at a CAGR of 0.4 % between 2019 and 2024.

What is the forecast growth of the Employment Placement Agencies industry in Bulgaria over the next 5 years?

Over the next five years, the Employment Placement Agencies industry in Bulgaria is expected to grow.

What are the biggest companies in the Employment Placement Agencies market in Bulgaria?

The biggest companies operating in the Employment Placement Agencies market in Bulgaria are Recruit Holdings Co Ltd, Gi Group SpA and The Adecco Group AG

What does the Employment Placement Agencies in Bulgaria 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 Bulgaria?

The company holding the most market share in Bulgaria is Recruit Holdings Co Ltd.

How competitive is the Employment Placement Agencies industry in Bulgaria?

The level of competition is moderate and steady in the Employment Placement Agencies industry in Bulgaria.

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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 Recruiter

What's included in this industry?

General recruitmentExecutive and managerial recruitment HR strategy and consulting supportOnline recruitment

Companies

Recruit Holdings Co LtdGi Group SpAThe Adecco Group AG

Industry Code

ISIC 2006

781 - Activities of employment placement agencies in Bulgaria

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Performance

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
  • Employees
  • Business
  • Profit
Analysis

What's driving current industry performance in the Employment Placement Agencies in Bulgaria industry?


Outlook

Analysis

What's driving the Employment Placement Agencies in Bulgaria industry outlook?


Volatility

Analysis

What influences volatility in the Employment Placement Agencies in Bulgaria industry?

Charts
  • Industry Volatility vs. Revenue Growth Matrix

Life Cycle

Analysis

What determines the industry life cycle stage in the Employment Placement Agencies in Bulgaria 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.

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Products and Services

Charts
  • Products and Services Segmentation
Analysis

How are the Employment Placement Agencies in Bulgaria industry's products and services performing?

Analysis

What are innovations in the Employment Placement Agencies in Bulgaria industry's products and services?


Major Markets

Charts
  • Major Market Segmentation
Analysis

What influences demand in the Employment Placement Agencies in Bulgaria industry?


International Trade

Highlights

  • Total Imports into Bulgaria
  • Total Exports into Bulgaria
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)

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.

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Supply Chain

Charts

Buyer and supply industries

Geographic Breakdown

Business Locations

Heat maps
  • Share of Total Industry Establishments by Region (2024)
Data Tables
  • Number of Establishments by Region (2024)
Charts
  • Share of Establishments vs. Population of Each Region
Analysis

What regions are businesses in the Employment Placement Agencies in Bulgaria located?

Companies

Data Tables

Top 10 companies by market share:

  • Market share (2024)
  • Revenue (2024)
  • Profit (2024)
  • Profit margin (2024)

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.

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External Drivers

Analysis

What demographic and macroeconomic factors impact the Employment Placement Agencies in Bulgaria 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.

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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 Bulgaria 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. 

IBISWorld prides itself on being a trusted, independent source of data, with over 50 years of experience building and maintaining rich datasets and forecasting tools.

To learn more about specific data sources used by IBISWorld's analysts globally, including how industry data forecasts are produced, visit our Help Center.