In 2023, Italy led the European high-growth air transport sector, with 33.6% of enterprises. Portugal followed at 21.74%, while Hungary and Lithuania both held at 11.86%. Slovakia experienced the most significant year-on-year growth at 20.11%. Conversely, Norway, Latvia, and Iceland saw contractions of 16.74% and 12.94%, respectively. Over the past five years, the compound annual growth rate showed stability despite fluctuations in individual countries' enterprise numbers.
Future trends to observe include potential advancements in sustainable air transport and digital transformation. These could drive growth in smaller markets and impact the current leading countries, offering new opportunities and redistributing market shares across Europe.
Top countries in Number of High Growth Enterprises in Air Transport Share by Country (Units (Enterprises))
| # | 10 Countries | Percent | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Italy | 33.6 | 2023 | +13.33% | -3.2% | View data |
| 2 | 2 Portugal | 21.74 | 2023 | +22.22% | +0.93% | View data |
| 3 | 3 Hungary | 11.86 | 2023 | 0% | 0% | View data |
| 4 | 4 Lithuania | 11.86 | 2023 | +20% | -3.04% | View data |
| 5 | 5 Slovakia | 9.88 | 2023 | +25% | +20.11% | View data |
| 6 | 6 Romania | 3.95 | 2023 | 0% | 0% | View data |
| 7 | 7 Norway | 3.95 | 2023 | 0% | -16.74% | View data |
| 8 | 8 Czech Republic | 3.95 | 2023 | 0% | 0% | View data |
| 9 | 9 Latvia | 1.98 | 2023 | 0% | -12.94% | View data |
| 10 | 10 Iceland | 1.98 | 2023 | 0% | -12.94% | View data |
