In 2023, Hungary led the European market with a 27.97% share of young high-growth enterprises in the construction sector, followed by Portugal at 6.24%, and Lithuania at 2.71%. Romania and Slovakia showcased significant year-on-year increases of 6.3% and 9.46%, respectively. Meanwhile, the Czech Republic, Norway, and Latvia exhibited negative or stagnant growth. Italy maintained a steady presence with minimal change. Iceland reported an impressive 18.92% growth.
Future trends to watch include potential shifts due to economic policies, investments in sustainable construction technologies, and the influence of digital transformation across the sector, potentially impacting enterprise growth dynamics across European countries.
Top countries in Number of Young High Growth Enterprises (Gazelles) in Construction of Residential and Non-residential Buildings Share by Country (Units (Enterprises))
| # | 10 Countries | Percent | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Hungary | 27.63 | 2023 | +19.81% | +27.97% | View data |
| 2 | 2 Portugal | 24.14 | 2023 | +3.74% | +6.24% | View data |
| 3 | 3 Lithuania | 15.66 | 2023 | +5.88% | +2.71% | View data |
| 4 | 4 Romania | 12.4 | 2023 | +7.55% | +6.3% | View data |
| 5 | 5 Italy | 10.66 | 2023 | 0% | +0.41% | View data |
| 6 | 6 Czech Republic | 3.05 | 2023 | 0% | -9.45% | View data |
| 7 | 7 Slovakia | 2.39 | 2023 | 0% | +9.46% | View data |
| 8 | 8 Latvia | 1.74 | 2023 | +33.33% | 0% | View data |
| 9 | 9 Norway | 1.74 | 2023 | 0% | -6.17% | View data |
| 10 | 10 Iceland | 1.31 | 2023 | +50% | +18.92% | View data |
