Key Market Indicators
German music expenditure is projected to hit €187 billion by 2028, up from €180 billion in 2023. This represents an average annual growth rate of 0.6%. However, since 2000, demand in Germany has seen a slight annual decline of 0.1%. In 2023, Germany ranked second in music expenditure, trailing the United Kingdom, which also recorded €180 billion. France and Italy followed Germany in third and fourth places, respectively. On the revenue front, the German music market is expected to grow significantly. Revenues are forecasted to climb to €4.9 billion by 2028 from €4.1 billion in 2023, reflecting an average annual growth rate of 2.9%. Since 2013, the German music market has experienced a more robust growth of 4.1% per year. In the revenue rankings, the United Kingdom held the second position, followed by France and Sweden in third and fourth places, respectively.
