Between 2013 and 2023, production volumes of advertising and market research in Germany displayed overall moderate growth with some volatility. The volume rose from 23.67 billion Euros in 2013 to 25.1 billion Euros in 2023. Key variations and trends included a significant drop in 2020 by 17.14% due to external macroeconomic factors, followed by a strong recovery of 20.69% in 2021. The average annual growth rate over the last five years stood at 0.46%.
Forecasts till 2028 suggest a stable yet modest growth trajectory, with an expected increase to 25.31 billion Euros, indicating a slight annual average growth rate of 0.13% over the next five years.
Future trends to watch for include:
- A potential resurgence of digital and data-driven advertising strategies.
- The impact of global economic conditions and evolving consumer behaviors on market research demand.
- Technological advancements in data analytics influencing market research methodologies.