The turnover in the sector increased from €10.04 billion in 2013 to €11.11 billion by 2017, followed by a more volatile period, ending at €10.75 billion in 2022. Recent years showed a declining trend (2021-2022: -0.10%), with a projected steady decrease to €10.69 billion by 2028 (5-year forecast CAGR: -0.07%). Variations over the last two years were -0.10% and -0.096%, respectively, indicating minor contractions. The last 5-year CAGR was 0.84%, signaling slight but inconsistent growth.
Looking ahead, the industry will likely observe slow consolidation, necessitating adaptation to digital transformation and regulatory changes to maintain competitiveness.
