In 2023, the leading European countries for high growth enterprises in personal and household goods repair were Hungary and Italy, each with a share of 28.12%. The Czech Republic followed with 14.88%, while Portugal held 11.58%. Lithuania and Iceland both accounted for 8.27%, with Romania and Slovakia at 6.62% and 3.31%, respectively. Notably, Iceland experienced a significant year-on-year increase of 37.97%, indicating robust growth potential. Similarly, Hungary and Romania showed positive trends with increases of 5.51% and 5.92%, respectively.
Future trends to watch include:
- The continued growth trajectory of Iceland, driven by innovative repair services and consumer demand.
- Emerging markets such as Romania and Hungary gaining a greater share as businesses expand operations.
- An exploration of sustainable practices and digital technologies to enhance repair services across Europe.
- Potential shifts in market dynamics driven by regulatory changes or economic conditions that could impact growth rates in personal and household goods repair.
Top countries in Number of High Growth Enterprises in Personal and Household Goods Repair Share by Country (Units (Enterprises))
| # | 8 Countries | Percent | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Hungary | 28.12 | 2023 | +6.25% | +5.51% | View data |
| 2 | 2 Italy | 28.12 | 2023 | +6.25% | +1.22% | View data |
| 3 | 3 Czech Republic | 14.88 | 2023 | 0% | 0% | View data |
| 4 | 4 Portugal | 11.58 | 2023 | +16.67% | +3.13% | View data |
| 5 | 5 Lithuania | 8.27 | 2023 | 0% | 0% | View data |
| 6 | 6 Iceland | 8.27 | 2023 | +25% | +37.97% | View data |
| 7 | 7 Romania | 6.62 | 2023 | 0% | +5.92% | View data |
| 8 | 8 Slovakia | 3.31 | 2023 | 0% | 0% | View data |
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