The European landscape of high-growth enterprises in the repair and installation of machinery and equipment has demonstrated significant diversity in 2023. Italy leads with 852 enterprises, while Hungary and the Czech Republic follow with 247 and 200 respectively. The growth rates show Hungary's dynamic increase of 15.53%, followed by Norway at 18.07%. In contrast, Lithuania saw a slight decrease of 0.37%. Other countries like Portugal and Slovakia experienced moderate growth, underscoring varied regional economic dynamics and sector vitality.
Looking ahead, critical trends include technological advancements, such as IoT and automation in machinery, which could spearhead growth. Economic policies fostering investments and skilled labor development are essential to sustain and capitalize on growth opportunities across Europe.
Top countries in Number of High Growth Enterprises in Repair and Installation of Machinery and Equipment by Country
| # | 10 Countries | Units (Enterprises) | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Italy | 852 | 2023 | +13.3% | +4.34% | View data |
| 2 | 2 Hungary | 247 | 2023 | +19.9% | +15.53% | View data |
| 3 | 3 Czech Republic | 200 | 2023 | +11.73% | +5.5% | View data |
| 4 | 4 Portugal | 139 | 2023 | +18.8% | +7.13% | View data |
| 5 | 5 Slovakia | 58 | 2023 | +13.73% | +3.01% | View data |
| 6 | 6 Lithuania | 53 | 2023 | +6% | -0.37% | View data |
| 7 | 7 Norway | 39 | 2023 | +11.43% | +18.07% | View data |
| 8 | 8 Romania | 32 | 2023 | +6.67% | +5.06% | View data |
| 9 | 9 Latvia | 18 | 2023 | +5.88% | +1.15% | View data |
| 10 | 10 Iceland | 5 | 2023 | 0% | +4.56% | View data |
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