$10.5bn
$XXX.Xm
39,447
5,875
$X.Xbn
Executive search recruiters continue to benefit from strong corporate profit growth and an ever-growing terrain of businesses in need of their services. Since executive recruiters provide services across all sectors, demand for their work is affected by the broader economy. In particular, developments in the labour market and changes in interest rates have the potential to alter demand for services. The pandemic, which resulted in high unemployment, hindered operators significantly, as demand shifted to in-house recruitment and the digitization of the hiring process severely harmed the need for traditional recruiters. Over the past five years, revenue grew at a CAGR of 2.3% to an estimated $10.5 billion, including an estimated 1.7% boost in 2024 alone. Profit is expected to reach 9.3% of revenue in the same year.
Industry revenue has grown at a CAGR of 2.3 % over the past five years, to reach an estimated $10.5bn in 2024.
Market size is projected to grow over the next five years.
Company | Market Share (%)
2024 | Revenue ($m)
2024 | Profit ($m)
2024 | Profit Margin (%)
2024 |
---|---|---|---|---|
Korn | 229.6 | 26.4 | 11.5 | |
Spencer Stuart | 119.8 | 6.3 | 5.3 |
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Industry revenue is measured across several distinct product and services lines, including C-Level and board retained search, Other executive search services and Other executive management services. C-Level and board retained search is the largest segment of the Executive Search Recruiters in the US.
Retained executive search services remain the largest product segment
This industry provides executive search, recruitment and placement services for clients with specific executive and senior management requirements. Industry firms develop a search strategy and position specification based on the client's culture and needs. Operators research, identify, screen and interview candidates; verify candidate qualifications; and assist in final offer negotiations and the assimilation of the selected candidate.
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NAICS 56131 - Executive Search Recruiters in the US
Get an indication of the industry's health through historical, current and forward-looking trends in the performance indicators that make or break businesses.
Companies with internal human resource departments have curtailed more extensive revenue growth. These companies have been able to bypass services offered by executive search...
Learn about an industry's products and services, markets and trends in international trade.
Operators are offering advisory and consulting services to complement traditional services. These services can help coach new executives and provide greater service diversifi...
Discover where business activity is most concentrated in an industry and the factors driving these trends to find opportunities and conduct regional benchmarking.
Executive search recruiters primarily follow population density, economic activity and business concentration. Establishments are disproportionately concentrated in key comme...
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.
Firms seek to specialize in niche areas and gather a better understanding of a specific sector. Operators that offer superior quality also benefit the most in the overall mar...
Learn about the performance of the top companies in the industry.
Larger operators make strategic acquisitions to expand their market share. Acquisitions enable operators to service companies in various industries and geographic regions.
Understand the demographic, economic and regulatory factors that shape how businesses in an industry perform.
A core requirement for recruiters is that they must acquire a license. However, licensing requirements vary between local and state governments.
View average costs for industry operators and compare financial data against an industry's financial benchmarks over time.
Operators encountered downward pressure on profit because of the pandemic. Operators specializing in travel and food service were mainly hindered the most.
Including values and annual change:
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Key data sources in the US include:
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These sources include:
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The market size of the Executive Search Recruiters in the US industry in United States is $10.5bn in 2024.
There are 5,875 businesses in the Executive Search Recruiters in the US industry in United States, which has grown at a CAGR of 0.6 % between 2019 and 2024.
The market size of the Executive Search Recruiters in the US industry in United States has been growing at a CAGR of 2.3 % between 2019 and 2024.
Over the next five years, the Executive Search Recruiters in the US industry in United States is expected to grow.
The biggest companies operating in the Executive Search Recruiters market in United States are Korn and Spencer Stuart
C-Level and board retained search services and Listing employment vacancies are part of the Executive Search Recruiters in the US industry.
The company holding the most market share in United States is Korn.
The level of competition is high and increasing in the Executive Search Recruiters in the US industry in United States.