With growth from $16 trillion in 2020 to $29 trillion in 2030, turnover at these family businesses is increasing much faster (86 percent) than at other companies (59 percent). This is evident from the new Deloitte report Family Business Insights Series 2025.
Nearly three-quarters of family businesses are led by the first or second generation, making succession crucial for continuity. In the next three to five years, 26 percent want to attract external investors, 19 percent increase the share of non-family members in management, 12 percent are considering an IPO and 3 percent want to sell the company.
One in five companies worldwide with a turnover of at least $100 million is now a family business. That number, currently 18,087, is expected to rise to 19,744 in 2030, a growth of 22 percent.
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“Family businesses are a key economic driver. Our research shows that they are scaling innovation, expanding internationally and rethinking ownership structures to remain agile,” said Wolfe Tone of Deloitte Private.
Insecurity
Despite growth, economic uncertainty remains the biggest concern, with 68 percent reporting that it is delaying investment and growth opportunities and 70 percent fearing negative impacts from import tariffs. Cyber threats, geopolitical tensions and rising production costs are other major risks.
Investments in technology, including artificial intelligence, are the most important strategy for growth (40 percent). In addition, 36 percent are investing in new products and services. Europe is the most popular destination for expansion (51 percent), followed by North America (48 percent) and Asia Pacific (40 percent).