In 2023, Portugal led among European countries in high-growth enterprises in the construction sector, with a share of 20.73%, closely followed by Italy and Hungary. Countries like Latvia and Iceland recorded smaller shares, indicating less growth activity in this domain. Noteworthy year-on-year growth was observed in Romania, Hungary, and Latvia, with increases of 19.97%, 17.5%, and 15.42% respectively. Conversely, Norway experienced a decline of 3.46%. A steady 5-year compound annual growth rate suggests moderately increasing growth activity across these countries, with variations highlighting specific regional dynamics.
Future trends to watch include:
- Potential market expansion in countries displaying rapid growth, such as Romania and Hungary.
- Possibility of more balanced growth patterns across Europe as emerging markets gain momentum.
- Impact of construction technology advancements and sustainability practices on growth trajectories.
Top countries in Number of High Growth Enterprises in Construction of Residential and Non-residential Buildings Share by Country (Units (Enterprises))
| # | 10 Countries | Percent | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Portugal | 20.73 | 2023 | +5.69% | +6.46% | View data |
| 2 | 2 Italy | 20.67 | 2023 | +9.39% | +5.37% | View data |
| 3 | 3 Hungary | 19.59 | 2023 | +17.07% | +17.5% | View data |
| 4 | 4 Czech Republic | 11.42 | 2023 | +12.64% | +6.06% | View data |
| 5 | 5 Lithuania | 7.7 | 2023 | +6.85% | +3.24% | View data |
| 6 | 6 Romania | 7.5 | 2023 | +7.89% | +19.97% | View data |
| 7 | 7 Latvia | 4.65 | 2023 | +18.14% | +15.42% | View data |
| 8 | 8 Norway | 3.04 | 2023 | -0.6% | -3.46% | View data |
| 9 | 9 Slovakia | 2.76 | 2023 | +2.72% | +5.42% | View data |
| 10 | 10 Iceland | 0.97 | 2023 | +12.77% | +4.76% | View data |
