The European market for high growth enterprises in the motor vehicles, trailers, and semi-trailers sector demonstrates variation across countries in 2023. Italy leads with 170 enterprises despite a 3.58% decrease. Portugal shows growth at 82 enterprises, with a 3.82% increase. The Czech Republic and Romania see declines, with -7.95% and -7.34% respectively. Hungary, Slovakia, and Latvia present modest changes, while Lithuania and Norway report significant decreases. Assessing all, Italy remains dominant in volume, with notable growth in Portugal contributing to regional dynamics.
Future trends to watch include monitoring technological advancements driving higher enterprise growth, the impact of regulatory changes on the automotive sector, and the extent of investment in sustainable transportation across Europe, which could influence growth trajectories.
Top countries in Number of High Growth Enterprises in Motor Vehicles, Trailers and Semi-Trailers by Country
| # | 9 Countries | Units (Enterprises) | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Italy | 170 | 2023 | +11.84% | -3.58% | View data |
| 2 | 2 Portugal | 82 | 2023 | +20.59% | +3.82% | View data |
| 3 | 3 Czech Republic | 74 | 2023 | -3.9% | -7.95% | View data |
| 4 | 4 Hungary | 73 | 2023 | +10.61% | -1.57% | View data |
| 5 | 5 Slovakia | 52 | 2023 | +8.33% | +0.79% | View data |
| 6 | 6 Romania | 28 | 2023 | +16.67% | -7.34% | View data |
| 7 | 7 Latvia | 9 | 2023 | +28.57% | -2.09% | View data |
| 8 | 8 Lithuania | 5 | 2023 | -16.67% | -20.76% | View data |
| 9 | 9 Norway | 4 | 2023 | 0% | -4.36% | View data |
