Titelbild Titelbild Titelbild Titelbild Titelbild

Business Metropolis Essen

According to history, Saint Altfrid, Bishop of Hildesheim founded a convent in Essen in the year 845. Since then, the city has grown and due to the industrialisation was one of the most important coal and steel centers in Germany. After the decline of heavy industry, the city’s service sector developed into the mainstay of Essen’s business sector. Today, Essen is one of the largest cities in Germany with a population of approximately 590,000. The city is also a strong business location in the heart of the Ruhr metropolis which in turn is the largest conurbation area in Europe with a population of 5.1 million.

Essen offers excellent conditions for business and investment and is a top business location with numerous companies, high performing and internationally-oriented mid-range businesses, six higher education institutes, approximately 25 research facilities, international leading exhibitions, a strong high-tech sector and an excellent infrastructure. Geographically, Essen is a traffic hub due to its central location. More than 11 million people reach their destination within a journey time of one hour by car and more than 9 million by public transport. The central location guarantees the proximity to high-performance suppliers and customers, as well as, the availability of skilled workers.

The attractiveness of this business location is underlined by the large amount of businesses which have settled here and the continual increase in economic performance.

Strong economic dynamics

Official statistics show: Between 2013 and 2018 Essen’s commercial performance increased. Since 2013, GDP has increased by 14.2 percent and in 2018 amounted to approximately 25.3 billion Euros.

When taking into consideration the development of the GDP for each member of Essen’s working population, gains were also achieved between 2013 and 2018. The GDP for each member of the working population in Essen has, since 2013, increased by 6,320 Euros to 75,088 Euros in 2018.

Attractive Labour Market Center

With the increase in economic performance the number of working people in Essen has also increased. In 2018, 336,841 people worked in Essen. That is 14,796 more than five years ago, which corresponds to an increase of 4.6 percent. 86.1 percent work in the service sector which is an increase of 15,589 (+ 5.7 percent) since 2013. Also the number of employees paying SI contribitions has developed positively: In March 2020, 256,829 people were working in Essen and paying SI contributions – an increase of 22,810 employees paying SI contributions (+ 9.7 percent) compared to March 2015. This has helped Essen maintain its position as, not only an attractive, but also, the largest labour market location in the Ruhr area.

Service Location

In Essen, 82.8 percent of employees paying SI contributions work in the service sector.

The share of employees with academic qualifications paying SI contributions is 19.9 percent which is also well above the average for NRW.

The degree of tertiarisation and the corresponding high number of office employees has an effect on the amount of overall office space available. Essen is the most important office location in the region.

City of companies

The headquarters of thyssenkrupp, E.ON, innogy, ALDI Nord, HOCHTIEF, Schenker, RWE, Evonik and Brenntag are located in Essen. These companies are five of the 50 and nine of the 100 highest turnover companies in Germany.

Industrial Location

Essen has a strong industrial core which, in particular, is characterised, by the building, energy, metal and electric engineering, machinery and plant engineering sectors.

Approximately, 200 industrial and manufacturing companies with 20 and more employees are located in Essen. In total, the manufacturing sector has approximately 46,600 employees of which 44,000 pay SI contributions.

The industrial companies located in Essen play a considerable part in the city’s economic value. The industrial gross value added is approximately 20 percent of the total of the economic value. Apart from the internationally-oriented DAX listed companies and other large global players as, for example, thyssenkrupp AG, Evonik Industries AG, HOCHTIEF AG, RWE AG and STEAG GmbH, the industry in Essen is also characterised by medium-sized businesses. These businesses, for example, Optek-Danulat GmbH, FRIGOBLOCK Großkopf GmbH, Schwarzer Precision GmbH & Co.KG und cph Deutschland Chemie GmbH also operate successfully in international markets.

Essen is the industrial driving force for the development of additional future-oriented branches and new leading markets, such as, health management, I&C technologies, energy technologies and resource management. Although the service sector is by far the largest in Essen, the industry sector with its high level of productivity still characterises Essen’s economic value.

Balanced Sector Mix

An important and robust local business factor is not only the energy, but also the health care sector with more than 48,700 employees paying SI contributions. On the whole, sectors with a high growth rate and future oriented have a strong presence In Essen. This is particularly valid for energy supply, real estate, freelance scientific and technical business-related services. It also has sundry economic, public and private services, information and communication, the building sector and hotels and restaurants. In a nut shell: Essen’s with its future and growth-oriented sectors has a good branch structure.