The European market for high growth enterprises in the motor vehicles, motorcycles wholesale, retail, and repair sectors shows significant variation by country. Hungary leads with 861 enterprises, followed by Lithuania and Portugal. Observing year-on-year trends, Hungary exhibits a substantial growth of 18.4% as of 2023. Conversely, Italy and Latvia experienced significant declines of 47.33% and 29.46%, respectively. Other countries like Portugal and Slovakia faced slight downturns, whereas Lithuania and Romania saw modest growth.
Future trends to watch include:
- Potential recovery in Italy and Latvia if economic conditions improve.
- Hungary's sustained growth potentially positioning it as a regional leader.
- Monitoring geopolitical and economic factors impacting automotive industries in emerging markets like Romania and Lithuania.
Top countries in Number of High Growth Enterprises in Motor Vehicles, Motorcycles Wholesale, Retail and Repair by Country
| # | 9 Countries | Units (Enterprises) | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Hungary | 861 | 2023 | +21.44% | +18.4% | View data |
| 2 | 2 Lithuania | 338 | 2023 | +17.77% | +3.99% | View data |
| 3 | 3 Portugal | 299 | 2023 | +18.18% | -1.41% | View data |
| 4 | 4 Romania | 261 | 2023 | +21.96% | +4.25% | View data |
| 5 | 5 Czech Republic | 175 | 2023 | -0.57% | -8.64% | View data |
| 6 | 6 Slovakia | 126 | 2023 | +16.67% | -1.22% | View data |
| 7 | 7 Norway | 41 | 2023 | +2.5% | -7.02% | View data |
| 8 | 8 Italy | 37 | 2023 | -83.56% | -47.33% | View data |
| 9 | 9 Latvia | 11 | 2023 | -56% | -29.46% | View data |
