Global Executive Search (Headhunting) Market Size By Application (Industrial, Healthcare, IT, FMCG, Retail), By Product (Retainer Firms, Contingency Firms), And By Geographic Scope And Forecast

Executive Search (Headhunting) Market Size And Forecast

Executive Search (Headhunting) Market size was valued at USD 1.24 Billion in 2024 and is projected to reach USD 2.03 Billion by 2031, growing at a CAGR of 6.28% during the forecast period 2024-2031.

Increasing demand for efficient recruitment with shorter timelines from the end-use industry is a major factor likely to drive the growth of the market over the forecast period. The Global Executive Search (Headhunting) Market report provides a holistic evaluation of the market. The report offers a comprehensive analysis of key segments, trends, drivers, restraints, competitive landscape, and factors that are playing a substantial role in the market.

Global Executive Search (Headhunting) Market Definition

So, executive search, or as some call it, headhunting, is all about finding those top-tier leaders your company needs. We're talking about roles like CEO, CFO, HRD, CIO, and COO – the big guns. A lot of executive search firms even specialize in a particular industry, with deep expertise in tracking down those hard-to-find, market-leading folks. It's a really proactive approach; we don't just wait for resumes to roll in, especially not for junior roles. Companies come to us with specific needs for senior or specialized talent, and we focus exclusively on filling that spot. We then go out and find candidates who not only have the right skills, but also the right character, based on what the client is looking for.

Global Executive Search (Headhunting) Market Overview

The world of Executive Search (Headhunting) has a pretty cool history, always moving forward and growing as new industries pop up and get organized. And it's not just in the usual places anymore! As companies spread out, so has headhunting – from NA and Europe to the booming markets of APAC, the Middle East, and Latin America. Companies are really pushing for quicker, more efficient hiring, which is a big reason why the industry is expected to keep growing. But, honestly, finding people with the right skills is tough, and that skill shortage is definitely holding things back a bit. Learn more.

Global Executive Search (Headhunting) MarketSegmentation Analysis

The Global Executive Search (Headhunting) Market is segmented on the basis of Application, Product, and Geography.

Executive Search (Headhunting) Market, By Application

• Industrial
• Healthcare
• IT
• FMCG
• Retail
• Automotive
• Others

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Based on Application, the market is bifurcated into Industrial, Healthcare, IT, FMCG, Retail, Automotive, and Others. Industrial accounted for the largest market share in 2020. With transformation happening across various industries, demand for leadership role hiring will increase creating need for Executive Search (Headhunting) software within the industrial sector.

Executive Search (Headhunting) Market, By Product

• Retainer Firms
• Contingency Firms
• Other Firms

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On the basis of Product, the Global Executive Search (Headhunting) Market has been segmented into Retainer Firms, Contingency Firms, and Other Firms. Retainer firms accounted for the largest market share in 2020.

Executive Search (Headhunting) Market, By Geography

• North America
• Europe
• Asia Pacific
• Rest of the World

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On the basis of regional analysis, the Global Executive Search (Headhunting) Market is classified into North America, Europe, Asia Pacific, and Rest of the world. North America is expected to hold the largest market share of the Executive Search (Headhunting) over the forecast period followed by Europe. In addition, the industrial sector is undergoing rapid transformation in these regions, further creating demand for experienced senior-level employees.

Key Players

The “Global Executive Search (Headhunting) Market” study report will provide a valuable insight with an emphasis on the global market including some of the major players such as Korn Ferry, Heidrick & Struggles International, Inc., Egon Zehnder, Spencer Stuart, Hays, Russell Reynolds, Randstad, Man Power, Boyden, and Others.

 Our market analysis also entails a section solely dedicated to such major players wherein our analysts provide an insight into the financial statements of all the major players, along with its product benchmarking and SWOT analysis. The competitive landscape section also includes key development strategies, market share, and market ranking analysis of the above-mentioned players globally.

Key Developments

• Heidrick & Struggles International, Inc. announced it has closed the acquisition of Business Talent Group (BTG), a leading marketplace for high-end independent talent on demand.
• Spencer Stuart announced the acquisition of Cambria Consulting based in Boston, MA.
• Amrop announced its partnership with JM Search, a key player operating in the executive search and leadership advisory sector.

Report Scope

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Research Methodology of Market Research

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Reasons to Purchase this Report

We dive deep into the market, looking at it from every angle - not just the money side, but also the human side, using both qualitative and quantitative analysis to really understand the different segments. We'll give you the market value (in USD Billion!) for each of those segments and sub-segments. You'll see which region and segment we think will grow the fastest and be the biggest. Plus, we break down each region, showing you how much of the product or service they're using and what's driving the market there. Want to know who's who? We've got a competitive landscape section that ranks the major players and highlights all the cool stuff they've been up to in the last five years – new products, partnerships, expansions, and acquisitions. We also include detailed company profiles with overviews, insights, product comparisons, and even SWOT analysis for the big guys. Get a handle on what's happening now and what's coming next with our market outlook, which covers growth opportunities, drivers, challenges, and restraints in both emerging and developed regions. We also give you an in-depth look at the market through Porter's five forces and the value chain. Finally, we lay out the market dynamics and pinpoint growth opportunities for the future. Oh, and don't forget – you get 6 months of post-sales support from our analysts!

Customization of the Report

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