Key Market Indicators
Germany's music expenditure is projected to climb to approximately €187 billion by 2028, up from around €180 billion in 2023. This marks an average annual growth rate of 0.6%. Historically, since 2000, German demand has slightly declined by 0.1% annually. In the global ranking of music expenditure for 2023, Germany held the second position, trailing the United Kingdom, which also recorded €180 billion. Following Germany, France and Italy occupied the third and fourth spots, respectively. On the revenue front, Germany's music industry is expected to generate around €4.9 billion by 2028, rising from €4.1 billion in 2023. This represents an average annual growth rate of 2.9%. Since 2013, the German music market has experienced a robust annual growth rate of 4.1%.