Italy leads with the highest number of young high-growth enterprises in transportation and storage at 521, showcasing a robust increase of nearly 12% in 2023. Hungary follows with 98 enterprises, reflecting a significant 16.33% growth from the previous year. Romania's growth remains stable with a minor 0.32% increase. Lithuania and Czech Republic faced a slight decline, showing decreases of -3.9% and -3.99%, respectively. Slovakia, Portugal, and Latvia display moderate growth trends. Norway witnessed an exceptional 14.87% rise despite its low count, whereas Iceland remains static over the past year.
Future trends indicate a potential for growth in Northern and Central Europe, driven by technological advancements and increased investment in sustainable transport solutions. As regulatory frameworks evolve, countries like Hungary and Norway might see continued growth momentum, attributed to supportive government policies and initiatives fostering innovation.
Top countries in Number of Young High Growth Enterprises (Gazelles) in Transportation and Storage by Country
| # | 10 Countries | Units (Enterprises) | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Italy | 521 | 2023 | +18.41% | +11.97% | View data |
| 2 | 2 Hungary | 98 | 2023 | +15.29% | +16.33% | View data |
| 3 | 3 Romania | 64 | 2023 | +14.29% | +0.32% | View data |
| 4 | 4 Lithuania | 50 | 2023 | +4.17% | -3.9% | View data |
| 5 | 5 Czech Republic | 31 | 2023 | 0% | -3.99% | View data |
| 6 | 6 Slovakia | 29 | 2023 | +3.57% | +2.21% | View data |
| 7 | 7 Portugal | 29 | 2023 | +7.41% | +5.21% | View data |
| 8 | 8 Latvia | 6 | 2023 | +20% | 0% | View data |
| 9 | 9 Norway | 2 | 2023 | 0% | +14.87% | View data |
| 10 | 10 Iceland | 1 | 2023 | 0% | View data |
