In 2023, Italy led the European list of high growth enterprises in passenger air transport with 38.35% share, while Portugal followed with a share of 23.43%. Hungary and Lithuania both held a share of 10.65%. Slovakia showed a significant increase at 14.87% in its year-on-year growth, suggesting a burgeoning market presence, whereas Norway experienced a sharp decline at -19.73%. Iceland and Lithuania also saw decreases at -12.94% and -3.58% respectively, as Latvia and the Czech Republic maintained stability without significant changes. Over a five-year span, variations suggest diverse growth paces across Europe.
Future trends to watch include the potential for more dynamic growth in smaller markets like Slovakia, Hungary, and the Czech Republic. Additionally, markets like Norway and Iceland will need strategic shifts to counter declining trends. Observing changes in airline environmental policies or emerging technologies that improve efficiency could also influence the number and growth of high-growth enterprises across Europe.
Top countries in Number of High Growth Enterprises in Passenger Air Transport Share by Country (Units (Enterprises))
| # | 9 Countries | Percent | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Italy | 38.35 | 2023 | +20% | -1.08% | View data |
| 2 | 2 Portugal | 23.43 | 2023 | +22.22% | +0.93% | View data |
| 3 | 3 Hungary | 10.65 | 2023 | 0% | +4.56% | View data |
| 4 | 4 Lithuania | 10.65 | 2023 | 0% | -3.58% | View data |
| 5 | 5 Slovakia | 8.52 | 2023 | +33.33% | +14.87% | View data |
| 6 | 6 Czech Republic | 4.26 | 2023 | 0% | 0% | View data |
| 7 | 7 Latvia | 2.13 | 2023 | 0% | 0% | View data |
| 8 | 8 Norway | 2.13 | 2023 | 0% | -19.73% | View data |
| 9 | 9 Iceland | 2.13 | 2023 | 0% | -12.94% | View data |
