The 2023 data shows Slovakia leading with 10 Gazelles, followed by the Czech Republic and Italy. Notably, Slovakia experienced a significant growth rate of 20.11%, while Italy and the Czech Republic saw declines. Portugal and Lithuania had positive growth trends, notably 11.38% and 14.87% respectively, indicating rising entrepreneurial activity. Meanwhile, Hungary and Romania showed mixed performances, with a decline in Hungary and a modest increase in Romania. Norway exhibited stability.
Future trends to watch include:
- Potential continued growth in Slovakia and Lithuania due to increasing demand for automotive innovation.
- Portugal may emerge as a new hotspot for young high-growth enterprises.
- Monitoring Italy and the Czech Republic for recovery efforts in their growth rates.
Top countries in Number of Young High Growth Enterprises (Gazelles) in Parts and Accessories for Motor Vehicles by Country
| # | 8 Countries | Units (Enterprises) | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Slovakia | 10 | 2023 | +11.11% | +20.11% | View data |
| 2 | 2 Czech Republic | 8 | 2023 | 0% | -2.33% | View data |
| 3 | 3 Italy | 7 | 2023 | +16.67% | -6.89% | View data |
| 4 | 4 Portugal | 6 | 2023 | +20% | +11.38% | View data |
| 5 | 5 Hungary | 4 | 2023 | 0% | -4.36% | View data |
| 6 | 6 Romania | 3 | 2023 | +50% | +8.45% | View data |
| 7 | 7 Lithuania | 2 | 2023 | +100% | +14.87% | View data |
| 8 | 8 Norway | 1 | 2023 | 0% | View data |
