In 2023, Italy led European countries in high growth construction service enterprises with 1.7 thousand, reflecting a modest 4% rise. Hungary experienced a robust increase of 22.39%, reaching 0.983 thousand, marking notable dynamism in the sector. Portugal showed significant progress with an 11.43% increase to 0.517 thousand. The Czech Republic, Lithuania, and Romania also saw moderate growth, with Romania advancing by 15.5%. Norway and Slovakia showed slight variations, with Norway observing a 1.09% decline. Latvia and Iceland exhibited minimal growth with increases of 5.24% and 2.13%, respectively.
Looking ahead, Europe's construction services sector may see further growth driven by digitalization, sustainable building practices, and infrastructure investments. Focus on energy-efficient solutions and smart city concepts could spur enterprise expansion. Monitoring economic conditions and regulatory changes will be vital in forecasting enterprise growth.
Top countries in Number of High Growth Enterprises in Construction Services by Country
| # | 10 Countries | Units (Enterprises) | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Italy | 1,700 | 2023 | +8.58% | +4% | View data |
| 2 | 2 Hungary | 983 | 2023 | +18.15% | +22.39% | View data |
| 3 | 3 Portugal | 517 | 2023 | +16.18% | +11.43% | View data |
| 4 | 4 Czech Republic | 367 | 2023 | +15.05% | +6.33% | View data |
| 5 | 5 Lithuania | 196 | 2023 | +7.69% | +1.72% | View data |
| 6 | 6 Romania | 185 | 2023 | +8.19% | +15.5% | View data |
| 7 | 7 Norway | 89 | 2023 | -1.11% | -1.09% | View data |
| 8 | 8 Slovakia | 86 | 2023 | +7.5% | +8.57% | View data |
| 9 | 9 Latvia | 71 | 2023 | +1.43% | +5.24% | View data |
| 10 | 10 Iceland | 30 | 2023 | +11.11% | +2.13% | View data |
