Europe is expected to be the fastest growing region this decade in terms of number of family businesses, increasing by 12% from over 4,000 in 2025 to nearly 4,600 in 2030. North America and Asia Pacific are projected to see the highest revenue growth at 97%, reaching $12 trillion and $9 trillion respectively.

"The essential component of success for a family business is effective governance. Beyond economic uncertainty and cyber threats, internal concerns around succession and leadership professionalisation must be highlighted," said Alexandra Smedoiu, Partner at Deloitte Romania and Leader of Deloitte Private in Romania. Succession planning remains a priority for 49% of participants, while 26% are targeting outside investment or private equity to support growth.

Europe is also the top destination for family business expansion, with 51% of study participants planning to grow their operations in the region over the next two years. North America follows with 48% and Asia Pacific with 40%. Currently, Asia Pacific hosts the most family businesses globally with 7,595, followed by North America with 5,152 and Europe with 4,084.

Economic uncertainty emerged as the primary concern for family businesses, with 69% rating it as a moderate or high risk. This uncertainty is amplified by geopolitical tensions according to 73% of participants, while 70% expect increased tariffs to impact their operations. Cyber threats were identified as another significant risk by 69% of respondents.