The European landscape of young high-growth enterprises, or 'Gazelles', in construction services shows diverse national dynamics. In 2023, Italy led with 165 enterprises, followed by Hungary with 65, both demonstrating significant year-on-year growth at 11.67% and 30.77%, respectively. Conversely, Lithuania and Czech Republic saw declines, highlighting volatile regional growth patterns. Notably, Latvia experienced a substantial increase of 47.58%, signaling potential emerging market strength. Despite varying performances, Slovakia, Norway, and Portugal maintained moderate gains, signifying steady progress.
Future trends to monitor include the impact of digital transformation and sustainable construction on these enterprises. The adoption of green building technologies and increased demand for energy-efficient construction are poised to drive growth, potentially reshaping market dynamics in the coming years.
Top countries in Number of Young High Growth Enterprises (Gazelles) in Construction Services by Country
| # | 10 Countries | Units (Enterprises) | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Italy | 165 | 2023 | +19.57% | +11.67% | View data |
| 2 | 2 Hungary | 65 | 2023 | +20.37% | +30.77% | View data |
| 3 | 3 Lithuania | 18 | 2023 | +20% | -1.08% | View data |
| 4 | 4 Portugal | 18 | 2023 | +12.5% | +4.42% | View data |
| 5 | 5 Romania | 13 | 2023 | 0% | +7.63% | View data |
| 6 | 6 Latvia | 7 | 2023 | +40% | +47.58% | View data |
| 7 | 7 Slovakia | 6 | 2023 | 0% | +3.71% | View data |
| 8 | 8 Norway | 5 | 2023 | 0% | +4.56% | View data |
| 9 | 9 Czech Republic | 4 | 2023 | -20% | -12.94% | View data |
| 10 | 10 Iceland | 1 | 2023 | 0% | 0% | View data |
