Retail turnover in Australia has seen a continued year-on-year increase since 2005. In 2024, total retail revenue in the country was approximately 436.76 billion Australian dollars, an increase of over 10 billion Australian dollars from the previous year. Australia's key retail segments The Australian food retail industry saw steady year-on-year growth over the same period, with annual food retail turnover reaching over 173 billion Australian dollars in 2024. The country's second-largest retail segment, household goods, also showed overall strong performance, recognizing annual revenue of approximately 70.4 billion Australian dollars that same year. Department stores remain the smallest segment of the country's retail industry, with the annual revenue of department stores showing slow growth compared to other segments. The online retail boom Accelerated by the COVID-19 pandemic, online shopping plays a major part in the everyday lives of consumers across Australia. Predominantly, Australians spend the most online on homewares. In 2024, products in the homeware and appliances category accounted for 19.3 percent of all online spending, and groceries and liquor for over 15 percent. Amazon was the leading online retailer purchased from among online shoppers in Australia in the 12 months to July 2024, followed by eBay, Kmart, and Woolworths.

Stock market turnover ratio (%) in Australia was reported at 71.27 % in 2020, according to the World Bank collection of development indicators, compiled from officially recognized sources. Australia - Stock market turnover ratio - actual values, historical data, forecasts and projections were sourced from the World Bank on July of 2025.

Rio Tinto is a British-Australian multinational mining and metals corporation. In 2024, Rio Tinto employed approximately 60,000 people in total worldwide. Rio Tinto background Headquartered in London, Rio Tinto was founded in 1873 after a group of investors bought a mine complex called Rio Tinto in Huelva, Spain. This was purchased from the Spanish government, but the company has since grown through acquisitions of other companies such as Consolidated Zinc. Operating in 35 countries, Rio Tinto is one of the leading mining companies in the aluminum, copper, diamond, gold, industrial mineral, iron ore, and uranium industries worldwide. In 2023, Rio Tinto’s total revenue reached approximately 54 billion U.S. dollars. That year, most of their revenue came from their iron ore segment. Rio Tinto operations Rio Tinto focuses on producing raw materials, which includes copper, iron ore, diamonds, aluminum, and uranium. In 2023, Rio Tinto produced significantly more aluminum than copper, although copper was one of Rio Tinto’s main products at the time of the company's founding in Spain. Their diamond production has fluctuated considerably, most recently reaching a low of 3.3 million carats in 2023.

In 2024, the annual revenue of the food retail industry in Australia amounted to over 173 billion Australian dollars. Since 2005, Australia's food retail revenue has witnessed steady year-on-year growth.

Snapshot img

Staffing Services Market Size 2024-2028

The staffing services market size is forecast to increase by USD 236.6 billion at a CAGR of 6.53% between 2023 and 2028. The market is experiencing significant growth, driven by several key factors. Firstly, the increasing demand for jobs in the labor market continues to fuel the need for staffing services. Secondly, the trend towards remote work and hybrid models has created new opportunities for staffing firms to provide flexible workforce solutions. Lastly, regulatory compliance is a mandatory consideration for staffing services, ensuring adherence to labor laws and industry standards. These factors, among others, are shaping the market landscape and presenting both opportunities and challenges for staffing providers. By staying abreast of these trends and regulatory requirements, staffing firms can effectively meet the evolving needs of their clients and candidates.

What will the size of the market be during the forecast period?

Request Free Sample

The market encompasses various types of employment arrangements including Contract Staffing and Temporary Staffing. Recruitment agencies play a vital role in providing Employees for businesses, especially for Skilled Candidates who are in high demand. Fixed-term Contracts, Casual Work, and Seasonal Work are common staffing solutions for businesses with fluctuating Workforce Requirements. Online Recruitment has become increasingly popular due to its Cost-effective Hiring benefits and the ability to access a vast Talent Pool. In today's business environment, Staffing Services have become essential for various industries, especially Healthcare, where staff shortages can have serious consequences. Unemployment rates and Business activity influence the demand for Staffing Services. Staffing factoring services and Online factoring platforms offer financial solutions to help businesses manage cash flow during Client payment delays and High client turnover. FinTech companies are revolutionizing the Staffing Services industry with Automated processes, Digital payment solutions, and Blockchain technology. Non-recourse factoring is a popular financing option for businesses. The Staffing Services Market is also witnessing the emergence of Cross-Border Recruitment, Job Opportunities, and Talent Mobility. Job Vacancies and Staffing Needs continue to shape the market, with detailed Job Descriptions guiding the recruitment process.

Market Segmentation

The market research report provides comprehensive data (region-wise segment analysis), with forecasts and estimates in 'USD billion' for the period 2024-2028, as well as historical data from 2018-2022 for the following segments.

Type

  Temporary staffing
  Permanent placement
  Contract staffing
  Outsourced recruitment
  Executive search


End-user

  Information technology
  Healthcare
  Manufacturing
  Finance and accounting
  Others


Geography

  North America

    US


  Europe

    Germany
    UK


  APAC

    Japan


  South America



  Middle East and Africa

By Type Insights

The temporary staffing segment is estimated to witness significant growth during the forecast period.The temporary staffing sector holds a substantial share in The market in 2023. This segment caters to the temporary hiring demands of organizations due to short-term projects or seasonal fluctuations. Temporary staffing encompasses a range of jobs, from entry-level positions to specialized roles, across industries such as healthcare, manufacturing, IT, and finance. Key players in The market, including ManpowerGroup, Randstad N.V., and Adecco Group, provide temporary staffing solutions for various industries. ManpowerGroup simplifies the recruitment process for firms of all sizes with their hassle-free temporary staffing offerings. Randstad N.V. Offers flexible hiring options, enabling companies to optimize hiring costs and efficiently onboard skilled professionals in response to changing business and client needs for a limited period.

Financial services, such as recourse factoring, can support staffing agencies in managing their working capital requirements during the staffing process. Regulatory oversight ensures that these services are provided ethically and in compliance with industry standards.

Get a glance at the market share of various segments Request Free Sample

The Temporary staffing segment accounted for USD 192.90 billion in 2018 and showed a gradual increase during the forecast period.

Regional Insights

APAC is estimated to contribute 33% to the growth of the global market during the forecast period. Technavio's analysts have elaborately explained the regional trends and drivers that shape the market during the forecast period.

For more insights on the market share of various regions Request Free Sample

In North America, the market experienced significant growth in 2023, with a

Snapshot img

What is the Size of Diversity And Inclusion Consulting Service Market?

The Diversity And Inclusion Consulting Service Market size is forecast to increase by USD 2.89 billion, at a CAGR of 12.7% between 2023 and 2028. The market is experiencing significant growth due to the increasing importance of fostering a sense of belonging and promoting social justice in the workplace. Companies are recognizing the value of diversity and inclusion as essential components of social responsibility and effective communication. Diversity strategy development, policy creation, and recruitment tools are becoming increasingly important for organizations seeking to hire and retain a diverse workforce. The integration of artificial intelligence (AI) into diversity and inclusion consulting services is also gaining traction, offering more efficient and effective solutions. However, the high cost associated with diversity and inclusion programs remains a challenge for some organizations. Remote work and gender equality are also key considerations in this market, as companies adapt to the changing work environment and strive for greater equality and inclusion. Effective diversity and inclusion initiatives can lead to increased loyalty among employees and a more productive workforce.

Request Free Market Sample

Market Segmentation

The market research report provides comprehensive data (region-wise segment analysis), with forecasts and estimates in 'USD billion' for the period 2024-2028, as well as historical data from 2018 - 2022 for the following segments.

Application

  Large enterprises
  Small and medium-sized enterprises


End-user

  Private sector
  Public sector
  Others


Geography

  North America

    Canada
    US


  Europe

    Germany
    UK
    France


  APAC

    China
    India


  South America

    Brazil


  Middle East and Africa

Which is the Largest Segment Driving Market Growth?

The large enterprises segment is estimated to witness significant growth during the forecast period. Diversity and inclusion consulting services play a vital role in helping businesses establish and implement effective policies that promote equity and eliminate discrimination. In today's business landscape, regulatory pressures and customer expectations demand a commitment to diversity and inclusion (DEI). DEI consulting services assist organizations in addressing hiring practices, organizational culture, and training to ensure a workplace that values and respects all employees. By investing in DEI initiatives, companies can experience numerous benefits, including increased employee satisfaction, reduced turnover rates, and a more engaged workforce. A diverse workforce brings unique perspectives and ideas, fostering innovation and improving problem-solving capabilities.

Get a glance at the market share of various regions Download the PDF Sample

The large enterprises segment was valued at USD 1.24 billion in 2018. Furthermore, a strong DEI program enhances a company's reputation, making it more appealing to top talent and customers who prioritize social responsibility. Effective DEI policies not only benefit the organization but also contribute to a healthier, more inclusive society. As DEI consulting services continue to gain importance, businesses that prioritize these initiatives will be better positioned to compete in the market and maintain a positive brand image.

Which Region is Leading the Market?

For more insights on the market share of various regions Request Free Sample

North America is estimated to contribute 42% to the growth of the global market during the forecast period. Technavio's analysts have elaborately explained the regional trends and drivers that shape the market during the forecast period. In North America, the market is experiencing significant growth due to the increasing number of organizations recognizing the importance of inclusive business practices. The US, as part of North America, is a key contributor to this market, with over 7.6 million business entities as of Q1 2024. Approximately 83% of these entities operate in the service-providing sector, which includes industries such as finance, healthcare, and technology. These industries prioritize diversity and inclusion initiatives to attract and retain diverse talent, boost employee engagement, and enhance overall productivity.

To achieve measurable outcomes, diversity and inclusion consulting services employ various techniques, including inclusive leadership development and data-driven solutions. These approaches help organizations identify gaps and address them effectively. Seminars and training programs are also essential components of these services, providing tangible outcomes that contribute to lasting organizational change. By implementing these practices, businesses can foster an inclusive work environment, leading to a more productiv

While current revenue figures have seen continued growth for the five years through 2024-25, inflation has meant that it has materially declined over the same period. Currently, revenue for the Government Schools industry sits at an estimated $70.5 billion, reflecting an annualised contraction of 1.2% since 2019-20 and a 2.5% drop compared to 2023-24 figures. As the Australian population aged between 5 and 18 grows, demand for public schools continues to swell. Government schools are mainly funded by state and federal governments, with education being a critical part of their budgets. Secondary to this, schools also receive funding from donations and fundraising. However, the cost-of-living crisis has threatened this additional revenue stream. Many parents perceive private schools as of a higher quality than government schools, partly because of marketing efforts to boost their reputation. This competition has meant that public schools have faced staff shortages as teachers move to private schools to receive the higher salaries offered. Private schools can offer these wages as, unlike public education providers, they receive sizable fees from parents. In contrast, public schools operate not-for-profit, limiting their ability to pay staff higher salaries. Looking to the future, government schools will continue to derive growing revenue from government funding. The 2024-25 Victorian budget contains $753.0 million for school maintenance and upgrades, and $139.0 million for getting more teachers into schools as the state attempts to fight staff shortages. The NSW 2024-25 budget includes $8.9 billion to continue the development of school infrastructure in both regional New South Wales and the rapidly growing Western Sydney. Overall, government schools' revenue is expected to climb at an annualised 1.5% through the end of 2029-30, to total $75.9 billion.

Australia's annual clothing retail industry revenue amounted to over 24.4 billion Australian dollars in 2024, marking a slight rise from the previous year. In 2020, the industry’s revenue dropped by over one billion Australian dollars after increasing steadily between 2015 and 2019. Australia’s clothing retail industry In the 2024 financial year, New South Wales and Victoria were Australia’s leading states in terms of the number of operating clothing retail businesses and also in clothing industry retail revenue. In 2025, trends showed that Australian consumers were increasingly purchasing clothing online, with fashion retail accounting for just over ten percent of online spending in Australia. Australian shopping trends In recent years, Australian shoppers have become increasingly sustainability conscious, as people across the globe strive to reduce their clothing waste and turn away from fast fashion. More Australian consumers are acknowledging the benefits of trading clothing items in the secondhand circular economy, as well as purchasing clothing created from sustainable and ethically sourced materials, even if it means paying more. Nevertheless, the quality, appearance, and style of apparel remain important factors in Australian consumers’ clothing choices.

The annual revenue of the supermarket and grocery store retail industry in Australia grew year-on-year between 2015 and 2024. In 2024, revenue reached over 143 billion Australian dollars, over 44 billion Australian dollars more than the value recorded for the industry in 2015. Market share of grocery stores and supermarkets in Australia  Australia’s supermarket and grocery retailer market share is dominated by two key players: Woolworths Group and Coles Group. New South Wales and Victoria, Australia’s two most populous states, are home to the greatest number of supermarkets in the country. There are, however, a wide range of other grocery stores in Australia, including German supermarket chain Aldi, and independently owned IGA stores. Why do Australians shop where they shop? Australian shoppers have indicated key drivers for remaining loyal to their supermarket of choice, with many naming pure convenience as a leading factor. Nonetheless, as grocery prices increase countrywide, several shoppers are employing various methods to save money on groceries, including cutting back on non-essentials, switching to cheaper brands, and visiting multiple stores.

In 2024, the annual revenue of the pharmaceutical, cosmetic, and toiletry goods retail industry in Australia amounted to over 27.6 billion Australian dollars. Between 2015 and 2024, the retail revenue of the pharmaceutical, cosmetic, and toiletry goods industry showed steady year-on-year growth.

In 2024, the annual revenue of cafés, restaurants, and takeaway food services in Australia amounted to just shy of 65.5 billion Australian dollars, marking a new record within the given period. Between 2005 and 2019, the revenue of cafés, restaurants, and takeaway food services in the country had been growing year-on-year until 2020, which was the first year during this period to show significant negative growth. Food service landscape in Australia The number of cafés and restaurants operating in Australia has increased in recent years, reaching over 55,000 in the year ended June 2024. As Australia’s most populous states, the majority of these establishments are based in New South Wales and Victoria. While dining out remains prevalent, takeaway food services have risen in popularity among the country’s consumers, with internationally renowned delivery services like Uber Eats and Menulog taking the most online food delivery bookings in 2024. Australia’s coffee culture Australians are coffee aficionados, whether it be homebrew, a coffee to-go, or a coffee catch-up at their favorite café. Around three-quarters of Australian adults enjoy at least one cup of coffee a day, and almost one in two Australian households owns a coffee machine. Many countries have their own take on how to make the popular caffeinated beverage, and the flat white is a popular type of coffee with its origins Down Under. While Australia and New Zealand have not yet managed to settle the dispute on where the beverage originates, the flat white remains a staple on café menus across the country and is gaining traction in metropolitan cities around the world.

In 2024, Australia’s department store retail revenue amounted to approximately 22.85 billion Australian dollars, marking a slight increase from the previous year. Nonetheless, over the past decade, the country’s annual department store turnover has remained relatively stagnant. Kmart: Australia’s leading department store Across Australia’s major department store chains, Wesfarmers-owned Kmart stands out as a dominant force. With over 300 locations nationwide, Kmart boasts the largest physical presence among the country’s department store chains. Alongside its substantial store network, the company has witnessed strong financial performance, with an annual revenue exceeding nine billion Australian dollars in the 2024 financial year. This success is mirrored in the digital sphere, where kmart.com.au recorded the highest web traffic across popular department store websites in Australia. While Kmart thrives, several of its rivals, including BIG W, Myer, and David Jones, as well as sister company Target Australia, have seen plateauing or declining sales. Department stores: will they evolve and keep up? While department stores are a long-standing staple of Australia’s retail sector, the shopping format has increasingly faced competition from online retailers and marketplaces, such as Amazon, eBay, and Temu, as well as specialty retailers. In the age of e-commerce, traditional retail formats like department stores have had to quickly adjust and expand their online presence to keep up. Australia’s department stores are starting to adapt, with luxury brand David Jones launching its mobile app in December 2024 as a part of its 65-million-dollar technological transformation plan to strengthen its online footprint. Nonetheless, with more retailers entering the physical and online retail landscape, the once unique shopping experience offered by department stores has become increasingly challenged.

In 2024, the annual revenue of the clothing, footwear, and personal accessory retail industry in Australia amounted to over 36 billion Australian dollars. This marked a rise from the previous year and a recovery in clothing retail revenue after a decline in 2020 during the pandemic.

In 2024, the annual revenue of electrical and electronic goods retail in Australia amounted to approximately 25.7 billion Australian dollars. The highest value reported within the given period was in 2022 at over 27 billion Australian dollars. Leading electronic goods retailers  The leading retail companies listed on the ASX include Wesfarmers, JB Hi-Fi, and Harvey Norman. All three of these companies are involved in electronic goods retail. While Wesfarmers is a conglomerate owning many retailers including Kmart and Officeworks, Harvey Norman and JB Hi-Fi have more of a direct focus on consumer electronics and appliances. Most major electronic retailers have an online shopping presence. The homeware and appliance segment was the leading category for online spending in Australia in September 2024. Additionally, the smart home market in Australia has also been growing, with internet-connected electronics and appliances gaining popularity among consumers. JB Hi-Fi  JB Hi-Fi is the country’s largest home entertainment retailer. The total sales revenue of JB Hi-Fi reached over 9.6 billion Australian dollars in the 2023 financial year. The number of physical JB Hi-Fi stores across Australia saw a slight increase in 2023. The company reported record profits in 2022 due to a surge in online sales, with profits still relatively high in 2023.

In 2024, the annual revenue of the liquor retail industry in Australia amounted to around 17.98 billion Australian dollars. Between 2015 and 2024, liquor retail revenue showed steady year-on-year growth, with a notable jump in growth from 2019 to 2020.

As of December 2023, the GVA of the telecommunications services industry in Australia amounted to around 34.5 billion Australian dollars. This marked an increase compared to around 31 billion dollars in the previous year.