Market size and recent performance (2009-2024)
Industry revenue has grown at a CAGR of 2.5% over the past five years, to reach an estimated $14.8bn in 2019.
Trends and Insights
- A higher percentage of the Mexican population entering the labor force has led to increased demand
- Additional trends and insights available with purchase
Biggest companies in the Employment Agencies in Mexico
| Company
2019 | Market Share (%)
2019 | Revenue ($m)
2019 | Profit ($m)
2019 | Profit Margin (%)
2019 |
|---|---|---|---|---|
OCCMundial | ||||
Randstad NV | ||||
ManpowerGroup |
To view the market share and analysis for all 4 top companies in this industry, view purchase options.
Products & Services Segmentation
Industry revenue is measured across several distinct product and services lines, including Permanent placement services, Executive search and Temporary staffing. Permanent placement services is the largest segment of the Employment Agencies in Mexico.
Trends and Insights
Executive searches only account for 20.0% of industry revenue in 2019 due to the limited need for executives in Mexico as a result of its nature as a developing country.
- More insights available in the full report
Table of Contents
About this industry
Industry definition
As employment levels and the overall Mexican economy has continued to grow, the Employment Agencies industry in Mexico has performed well over the five years to 2019. This industry consists of establishments that recruit, select and place employees for clients. This industry also includes establishments that provide executive placement services. However, this industry excludes establishments that primarily provide human resources consulting services, home nursing services, business administration services and those that provide their own personnel to clients for specific or indefinite periods of time. This industry also includes online providers of recruiting services, such as online job boards. However, operators of these job boards must be physically located in Mexico to be included within this industry.
What's included in this industry?
Staffing individuals in full-time rolesStaffing executives in full-time rolesOther human resource related servicesPermanent placement servicesExecutive searchTemporary staffingIndependent contractor placement servicesOtherCompanies
OCCMundialRandstad NVManpowerGroupPurchase this report to view all 4 major companies in this industry.
Related Terms
IN-HOUSEOUTPLACEMENT SERVICESOUTSOURCINGIndustry Code
NAICS 56131MX - Employment Agencies in Mexico
Performance
Get an indication of the industry's health through historical, current and forward-looking trends in the performance indicators that make or break businesses.
Analyst insights
GDP of Mexico. GDP in Mexico also plays a role in determining demand for industry operators' services. A rise in business activity contributes to GDP growth. As more business ...
In this chapter (4)
- Current Performance
- Outlook
- Volatility
- Life Cycle
Key metrics
- Annual Revenue, Recent Growth, Forecast, Revenue Volatility
- Number of Employees, Recent Growth, Forecast, Employees per Business, Revenue per Employee
- Number of Businesses, Recent Growth, Forecast, Employees per Business, Revenue per Business
- Total Profit, Profit Margin, Profit per Business
Charts
- Revenue, including historical (2009-2018) and forecast (2019-2024)
- Employees, including historical (2009-2018) and forecast (2019-2024)
- Businesses, including historical (2009-2018) and forecast (2019-2024)
- Profit, including historical (2009-2019)
- Industry Volatility vs. Revenue Growth
- Industry Life Cycle
Detailed analysis
- Trends in supply, demand and current events that are driving current industry performance
- Expected trends, economic factors and ongoing events that drive the industry's outlook
- Key success factors for businesses to overcome volatility
- How contribution to GDP, industry saturation, innovation, consolidation, and technology and systems influence the industry's life cycle phase.
Products and Markets
Learn about an industry's products and services, markets and trends in international trade.
Analyst insight
Executive searches only account for 20.0% of industry revenue in 2019 due to the limited need for executives in Mexico as a result of its nature as a developing country.
In this chapter
- Products & Services
- Major Markets
Key metrics
- Largest market segment and value in 2019
- Product innovation level
Charts
- Products & services segmentation in 2019
- Major market segmentation in 2019
Detailed analysis
- Trends impacting the recent performance of the industry's various segments
- Innovations in the industry's product or service offering, specialization or delivery method
- Key factors that successful businesses consider in their offerings
- Buying segments and key trends influencing demand for industry products and services
Geographic Breakdown
Discover where business activity is most concentrated in an industry and the factors driving these trends to find opportunities and conduct regional benchmarking.
Analyst insights
Since operators in the Employment Agencies industry provide job placement services directly to consumers, it comes as no surprise that establishments in the industry follow th...
In this chapter (1)
- Business Locations
Charts
- Share of revenue, establishment, wages and employment in each region
- Share of population compared to establishments in each region in 2019
Tables
- Number and share of establishments in each region in 2019
- Number and share of revenue each region accounts for in 2019
- Number and share of wages each region accounts for in 2019
- Number and share of employees in each region in 2019
Detailed analysis
- Geographic spread of the industry across North America, and trends associated with changes in the business landscape
- Key success factors for businesses to use location to their advantage
Competitive Forces
Get data and insights on what's driving competition in an industry and the challenges industry operators and new entrants may face, with analysis built around Porter's Five Forces framework.
Analyst insights
Access to highly skilled workforce. Having a highly skilled labor force can enable operators to conduct higher value-added services.
In this chapter (4)
- Concentration
- Barriers to Entry
- Substitutes
- Buyer & Supplier Analysis
Key metrics
- Industry concentration level
- Industry competition level and trend
- Barriers to entry level and trend
- Substitutes level and trend
- Buyer power level and trend
- Supplier power level and trend
Charts
- Market share concentration among the top 4 suppliers from 2014-2019
- Supply chain including upstream supplying industries and downstream buying industries, flow chart
Detailed analysis
- Factors impacting the industry’s level of concentration, such as business distribution, new entrants, or merger and acquisition activity.
- Key success factors for businesses to manage the competitive environment of the industry.
- Challenges that potential industry entrants face such as legal, start-up costs, differentiation, labor/capital intensity and capital expenses.
- Key success factors for potential entrants to overcome barriers to entry.
- Competitive threats from potential substitutes for the industry’s own products and services.
- Key success factors for how successful businesses can compete with substitutes.
- Advantages that buyers have to keep favorable purchasing conditions.
- Advantages that suppliers have to maintain favorable selling conditions.
- Key success factors for how businesses can navigate buyer and supplier power.
Companies
Learn about the performance of the top companies in the industry.
Analyst insights
Founded in 1996, OCCMundial is a Mexican online job board that helps individuals look for jobs in a wide range of industry throughout Mexico. Some of the largest companies in ...
In this chapter
- Market Share Concentration
- Companies
- Company Spotlights
Charts
- Industry market share by company in 2015 through 2019
- Major companies in the industry, including market share, revenue, profit and profit margin in 2019
- Overview of OCCMundial's performance by revenue, market share and profit margin from 2013 through 2019
- Overview of Randstad NV's performance by revenue, market share and profit margin from 2013 through 2019
- Overview of ManpowerGroup's performance by revenue, market share and profit margin from 2013 through 2019
- Overview of revenue, market share and profit margin trend for one additional company
Detailed analysis
- Description and key data for OCCMundial, and factors influencing its performance in the industry
- Description and key data for Randstad NV, and factors influencing its performance in the industry
- Description and key data for ManpowerGroup, and factors influencing its performance in the industry
- Description, key data and performance trends for one additional company
External Environment
Understand the demographic, economic and regulatory factors that shape how businesses in an industry perform.
Analyst insights
As is the case with most service-based industries, the Employment Agencies industry does not experience rigorous regulation from the Mexican government. Since the industry doe...
In this chapter
- External Drivers
- Regulation & Policy
- Assistance
Key metrics
- Regulation & policy level and trend
- Assistance level and trend
Charts
Detailed analysis
- Demographic and macroeconomic factors influencing the industry
- Major types of regulations, regulatory bodies, industry standards or specific regulations impacting requirements for industry operators
- Key governmental and non-governmental groups or policies that may provide some relief for industry operators.
Key Statistics
Industry Data
Data Tables
Including values and annual change:
- Revenue (2009-2024)
- IVA (2009-2024)
- Establishments (2009-2024)
- Enterprises (2009-2024)
- Employment (2009-2024)
- Exports (2009-2024)
- Imports (2009-2024)
- Wages (2009-2024)
Top Questions Answered
Unlock comprehensive answers and precise data upon purchase. View purchase options.
What is the estimated market size of the Employment Agencies industry in Mexico in 2019?
The market size of the Employment Agencies industry in Mexico is $14.8bn in 2019.
How many businesses are there in the Employment Agencies in Mexico industry in 2019?
There are 1,584 businesses in the Employment Agencies industry in Mexico, which has declined at a CAGR of 4.1% between 2014 and 2019.
Has the Employment Agencies industry in Mexico grown or declined over the past 5 years?
The market size of the Employment Agencies industry in Mexico has been at a CAGR of 2.5% between 2014 and 2019.
What is the forecast growth of the Employment Agencies industry in Mexico over the next 5 years?
The Employment Agencies in Mexico market is forecast to over the five years from 2019 to 2024
What are the biggest companies in the Employment Agencies market in Mexico?
The biggest companies operating in the Employment Agencies market in Mexico are OCCMundial, Randstad NV and ManpowerGroup
What does the Employment Agencies in Mexico include?
Staffing individuals in full-time roles and Staffing executives in full-time roles are part of the Employment Agencies industry.
Which companies have the highest market share in the Employment Agencies in Mexico?
The company holding the most market share in Mexico is OCCMundial.
How many people are/were employed in the Employment Agencies in Mexico in 2019?
There are 107k employed in the Employment Agencies industry in Mexico 2019.
Widen your competitive advantage with related industries
Related Domestic Industries
- This industry provides companies with temporary workers to supplement their existing staff.
Methodology
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Analysts also use industry specific sources to complement catch-all sources, although their perspective may focus on a particular organization or representative body, rather than a clear overview of all industry operations. However, when balanced against other perspectives, industry-specific sources provide insights into industry trends.
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- Industry and trade associations
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