The Sound Recording and Music Publishing Activities sector in Germany exhibited fluctuating value growth between 2013 and 2023, standing at 2.7 billion Euros in 2023. Over the past decade, the sector experienced several peaks and troughs but showed a consistent upwards trend overall. Notably, there were significant increases in 2014 and 2018, while contraction occurred in 2015 and 2019. The last two years saw moderate growth, with year-on-year variations of 3.85% and 3.65% in 2022 and 2023, respectively. The five-year CAGR up to 2023 was 1.42%, indicating steady yet moderate annual growth.
Looking forward, the sector is forecast to maintain a positive growth trajectory, reaching 3.15 billion Euros by 2028. A forecasted five-year CAGR of 2.45% suggests a healthy annual increase, with an overall expected growth rate of 12.84% during this period. Future trends to watch for include developments in digital music streaming, increased investments in music technology, and the impact of regulatory changes on copyright and royalties.
