In 2023, Italy led the European market with a 31.36% share in the number of high-growth enterprises within the transportation and storage sector. Hungary followed with a strong performance at 16.87%, showing the most significant annual increase of 14.62%. Lithuania and Romania experienced moderate growth, with shares of 12.72% and 9.77% respectively. Portugal also showed robust growth at 6.82%. Conversely, Latvia faced a significant decline of 11.5%. Notably, Slovakia, Norway, and Iceland maintained smaller shares, though Norway experienced a remarkable 6.01% growth.
Future trends to watch for include:
- Potential further growth in Eastern European countries as market conditions improve and investment increases.
- The impact of digital transformation and innovation on driving enterprise growth in the sector.
- Potential shifts in market share as countries like Hungary continue to exhibit strong growth trajectories.
- Monitoring the potential recovery or continued decline of Latvia's enterprise share.
Top countries in Number of High Growth Enterprises in Transportation and Storage Share by Country (Units (Enterprises))
| # | 10 Countries | Percent | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Italy | 31.36 | 2023 | +6.97% | +0.38% | View data |
| 2 | 2 Hungary | 16.87 | 2023 | +17.44% | +14.62% | View data |
| 3 | 3 Lithuania | 12.72 | 2023 | +10.41% | +2.47% | View data |
| 4 | 4 Romania | 9.77 | 2023 | +14.18% | +5.22% | View data |
| 5 | 5 Portugal | 9.31 | 2023 | +13.47% | +6.82% | View data |
| 6 | 6 Czech Republic | 8.67 | 2023 | +6.1% | +1.15% | View data |
| 7 | 7 Slovakia | 3.22 | 2023 | +5.61% | +0.29% | View data |
| 8 | 8 Norway | 2.58 | 2023 | +12.16% | +6.01% | View data |
| 9 | 9 Latvia | 1.6 | 2023 | -15.83% | -11.5% | View data |
| 10 | 10 Iceland | 0.3 | 2023 | +11.76% | +2.25% | View data |
