Family Businesses’ Revenues to Reach $29 Trillion by 2030
- Business Companies Family offices World
Global Business Magazine- 4 minutes read
Businesses across the world are currently generating an estimated $109 trillion in revenue, with family businesses accounting for 19%, and set to grow to $29 trillion, up from $16 trillion in 2020, reflecting a rapid 84% rise between 2020 and 2030, notably outpacing the expected growth in non-family businesses, which is projected at 59%.
Family businesses with revenue of $100 million and above make up 22% of all businesses globally. This currently totals 18,087 family businesses, up from 16,194 in 2020. Adjusting for macroeconomic factors, this number is expected to grow to 19,744 by 2030, reflecting a 22% increase between 2020 and 2030.
In its inaugural report entitled “Defining the Family Business Landscape 2025,” Global Deloitte Private said that it was drawn on a comprehensive survey of 1,587 senior executives from leading family businesses worldwide, and collectively representing $4.4 trillion in 2024, rigorous analysis of over 200,000 companies, and exclusive interviews with 30 prominent family business leaders.
The report delivers fresh perspectives and actionable intelligence tailored to the unique challenges and opportunities facing family-owned organisations.
These organizations, averaging $2.8 billion in annual revenue ($4.4 trillion collectively) and are majority family-owned, offer unique perspectives on growth, resilience, and governance., the survey findings showed.
According to the report, Europe is expected to be the fastest growing region, with estimates that the number of family businesses will rise 12% from 4,084 in 2025 to 4,577 in 2030.
With the European Union offering a single market of over 450 million people, and amid uncertainty around tariffs, Europe is currently the top destination for family business expansion, as over half (51%) of family businesses plan to broaden their operations in the region over the next 12 to 24 months.
Despite policy fluctuations, North America ranks a close second, with 48% looking to expand there, followed by 40% in Asia Pacific, 28% in the Middle East, 28% in South America, and 17% in Africa, the report added.
Meanwhile, Asia Pacific currently has the most family businesses in the world, 7,595, compared with 5,152 in North America, 4,084 in Europe, 528 in the Middle East, 352 in South America, and 377 in Africa.
Family businesses in North America and Asia Pacific are projected to see the greatest revenue gains over this period, with revenues expected to rise by 97% to $12 trillion and $9 trillion, respectively, the report said.
Governance Tactics
Family businesses employ a range of governance tactics, with the most popular being regular family meetings (43%), establishing a family board or council (41%), and implementing ethical guidelines (41%). The most widely cited governance challenges currently faced by family businesses are uncertainty over decision-making authority (37%) and succession planning for leadership transitions (36%).
