In 2023, Italy led with 121 high-growth enterprises in technical testing and analysis, despite a marginal annual growth of 0.5%. Hungary showed impressive growth, with a 21.76% increase, reaching 91 enterprises, indicating robust sector expansion. Czech Republic and Portugal saw declines of 4.64% and 3.98%, with 56 and 20 enterprises respectively, suggesting a challenging market environment. Slovakia and Romania exhibited growth rates of 4.18% and 7.89%, indicating potential for further development. Conversely, Lithuania and Latvia experienced downturns, with Latvia showing a significant 12.94% decrease. Norway and Iceland remained stagnant with minimal activity.
Future trends to watch include:
- Continued growth potential in Hungary and Romania, potentially driven by innovation and investment.
- Concerns over declining numbers in Latvia, Norway, and Czech Republic, which may require strategic interventions.
- Potential recovery in Italy’s growth rate due to its large base, provided economic conditions stabilize.
- Close monitoring of regulatory impacts and technological advancements that may drive sector dynamics.
Top countries in Number of High Growth Enterprises in Technical Testing and Analysis by Country
| # | 10 Countries | Units (Enterprises) | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Italy | 121 | 2023 | +0.83% | +0.5% | View data |
| 2 | 2 Hungary | 91 | 2023 | +19.74% | +21.76% | View data |
| 3 | 3 Czech Republic | 56 | 2023 | -1.75% | -4.64% | View data |
| 4 | 4 Slovakia | 27 | 2023 | +3.85% | +4.18% | View data |
| 5 | 5 Portugal | 20 | 2023 | -4.76% | -3.98% | View data |
| 6 | 6 Romania | 19 | 2023 | +18.75% | +7.89% | View data |
| 7 | 7 Lithuania | 13 | 2023 | 0% | -6.3% | View data |
| 8 | 8 Latvia | 6 | 2023 | -25% | -12.94% | View data |
| 9 | 9 Norway | 1 | 2023 | 0% | -12.94% | View data |
| 10 | 10 Iceland | 1 | 2023 | 0% | 0% | View data |
