In 2023, Italy led the European market for young high-growth enterprises (gazelles) in building completion and finishing, holding 38.53% of the share. Notably, Hungary experienced a significant increase with a 25.48% year-on-year growth. In contrast, countries like Lithuania and Latvia saw declines, with Lithuania decreasing by 2.2% and Latvia by 12.94%. The Czech Republic, Slovakia, and Portugal displayed moderate growth, with Slovakia reaching an 11.84% increase.
Future trends to watch include digital innovation and sustainability in construction as potential growth drivers. Nations leading in tech adoption and sustainable practices are likely to see a rise in gazelle enterprises in this sector.
Top countries in Number of Young High Growth Enterprises (Gazelles) in Building Completion and Finishing Share by Country (Units (Enterprises))
| # | 9 Countries | Percent | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Italy | 38.53 | 2023 | +10.42% | +0.77% | View data |
| 2 | 2 Hungary | 20.36 | 2023 | +21.74% | +25.48% | View data |
| 3 | 3 Lithuania | 12.36 | 2023 | +13.33% | -2.2% | View data |
| 4 | 4 Portugal | 10.18 | 2023 | +16.67% | +10.49% | View data |
| 5 | 5 Czech Republic | 5.09 | 2023 | 0% | +6.96% | View data |
| 6 | 6 Slovakia | 5.09 | 2023 | +16.67% | +11.84% | View data |
| 7 | 7 Romania | 4.36 | 2023 | +20% | +3.71% | View data |
| 8 | 8 Latvia | 0.73 | 2023 | 0% | -12.94% | View data |
| 9 | 9 Norway | 0.73 | 2023 | 0% | -12.94% | View data |
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