In 2023, Italy led the European number of high growth enterprises in forestry and agricultural machinery, accounting for over 65% of the total share by country. Hungary and the Czech Republic followed with shares of 13.52% and 7.37%, respectively. The year-on-year analysis reveals significant growth in Latvia at 20.11%, Hungary at 12.89%, and Lithuania at 12.47%. In contrast, Portugal experienced a decline of 4.36%. The five-year average compound annual growth rate (CAGR) highlights a mixed regional performance with notable gains in countries like Latvia and Hungary.
Future trends to watch include technological advancements and increased investment in sustainable practices, which may drive growth in these sectors. Additionally, shifts in EU agricultural policies could impact enterprise dynamics and growth potential across Europe, potentially leading to a more diversified distribution in enterprise share by country.
Top countries in Number of High Growth Enterprises in Forestry and Agricultural Machinery Share by Country (Units (Enterprises))
| # | 9 Countries | Percent | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Italy | 65.55 | 2023 | +15.11% | +7.39% | View data |
| 2 | 2 Hungary | 13.52 | 2023 | +13.79% | +12.89% | View data |
| 3 | 3 Czech Republic | 7.37 | 2023 | +5.88% | +1.15% | View data |
| 4 | 4 Lithuania | 3.69 | 2023 | +28.57% | +12.47% | View data |
| 5 | 5 Slovakia | 3.28 | 2023 | +14.29% | +5.92% | View data |
| 6 | 6 Latvia | 2.05 | 2023 | +25% | +20.11% | View data |
| 7 | 7 Romania | 0.82 | 2023 | 0% | 0% | View data |
| 8 | 8 Norway | 0.82 | 2023 | 0% | +14.87% | View data |
| 9 | 9 Portugal | 0.82 | 2023 | 0% | -4.36% | View data |
