The turnover for business and other management consultancy activities in Germany experienced significant fluctuations from 2013 to 2023, reflecting both growth and contractions. The sector saw a strong rise in the early years, peaking in 2018 with a 9.3% year-on-year increase. Following a decline in 2019 and 2020, the market showed a modest recovery, standing at 36.86 billion Euros in 2023 with a 3.78% year-on-year increase. The Compound Annual Growth Rate (CAGR) over the last 5 years was relatively low at 0.51%, reflecting periods of volatility.
Moving forward, the forecast indicates a steady growth with a CAGR of 2.58% from 2023 to 2028. By 2028, the turnover is expected to reach 43.38 billion Euros, translating to a total growth of 13.59% over five years.
Future trends to watch for include increased digital transformation, demand for sustainable business practices, and the evolving regulatory landscape which could drive the need for consultancy services. Companies focusing on innovation and adapting to market changes will likely outperform.
