The data indicates that in 2023, Italy led the European landscape of young high-growth enterprises, known as gazelles, in the land transport and via pipelines sector, with Hungary emerging as a strong contender due to its significant year-on-year increase. Notably, Lithuania and the Czech Republic experienced declines during the same period, while Portugal and Slovakia witnessed moderate rises. Norway's contribution remained negligible. Over the past five years, Italy and Hungary demonstrated substantial compound annual growth rates, suggesting robust entrepreneurial activity and ecosystem support.
Looking forward:
- Potential for growth in emerging markets such as Romania and Hungary, driven by favorable policies and investments.
- Watch for technological advancements and their integration in Italy, enhancing efficiency and scalability.
- Monitoring environmental policy changes impacting growth, especially in countries like Norway focusing on sustainable practices.
Top countries in Number of Young High Growth Enterprises (Gazelles) in Land Transport and Transport via Pipelines Share by Country (Units (Enterprises))
| # | 8 Countries | Percent | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Italy | 56.05 | 2023 | +17.46% | +12.54% | View data |
| 2 | 2 Romania | 9.66 | 2023 | +13.33% | +1.22% | View data |
| 3 | 3 Hungary | 9.66 | 2023 | +13.33% | +14.42% | View data |
| 4 | 4 Lithuania | 7.01 | 2023 | +2.78% | -2.96% | View data |
| 5 | 5 Czech Republic | 4.92 | 2023 | 0% | -3.46% | View data |
| 6 | 6 Portugal | 4.36 | 2023 | +9.52% | +5.62% | View data |
| 7 | 7 Slovakia | 4.17 | 2023 | 0% | +4.1% | View data |
| 8 | 8 Norway | 0.19 | 2023 | 0% | View data |
