The number of persons employed in the Management Consultancy sector in Germany has shown a strong upward trend from 2013 to 2019, increasing by nearly 80,000 employees over this period. However, 2020 experienced a significant decline due to the pandemic’s impact, with employment dropping by 31.58 thousand employees. The sector rebounded in 2021 and continued to grow in 2022 and 2023, reaching 319.49 thousand employees in 2023. Year-on-year growth was positive for most years, but it varies notably, reflecting cyclic economic conditions and external shocks.
In terms of the Compound Annual Growth Rate (CAGR) for the last 5 years, it averaged at 3.19%, while the year-on-year variation in the last two years (2022 and 2023) was 7.64% and 6.12%, respectively. Forecast data from 2024 onwards suggest a steady growth trajectory, with the sector anticipated to continue expanding at a forecasted 5-year CAGR of 2.54% reaching 375.07 thousand employees by 2028.
Future trends to watch for include the impact of digital transformation, evolving client demands, and potential economic slowdowns. These factors are likely to shape the sector’s growth trajectory. Monitoring the influence of environmental, social, and governance (ESG) considerations will also be critical as consultancy firms adapt their strategies to these growing focus areas.
