Government drives market demand, with government spending representing 42.5% of total demand in 2022. Fraunhofer-Gesellschaft zur Förderung der angewandten Forschung e V is the largest company in Germany, generating 5.9% of the industry’s total turnover value in 2022. The industry is fragmented, with the top five companies generating 16.1% of total production value in 2022. The total number of companies increases in 2022, to 22,184 units. The costs of the industry decrease by 2.6% in 2022, largely driven by declining labour costs. The industry’s profitability decreases and stands at 11.6% of turnover in 2022, the 12th highest regionally. With turnover of USD39.0 billion, Germany accounts for 16.7% of the Western Europe total in 2022.
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This Euromonitor industrial report provides unique information on Research and Development in Germany: ISIC 73. With this industrial report, you’ll be able to explore the industry from its sources of supply to its buyers. The Research and Development in Germany: ISIC 73 report includes: Industry datagraphics including production data, exports, imports, cost structure, and profitability
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