The European number of high growth enterprises in motor vehicles maintenance and repair showed a robust distribution across countries in 2023. Hungary led with 26.66% of units, reflecting a strong upward trend with a 29.23% increase from the previous year. Italy followed with 20.11%, while Romania and Lithuania represented 11.1% and 10.94% respectively, indicating solid growth. Norway and Latvia, however, experienced declines, with Latvia seeing a significant drop of 37.52%. Over the last five years, variations in growth rates have set the scene for diverse trajectories among these countries.
Future trends to watch include:
- Continued expansion in Eastern Europe, influenced by economic dynamics and market demands.
- Potential stabilization or consolidation in markets experiencing rapid growth like Hungary and Romania.
- Recovery opportunities in underperforming regions such as Latvia as they adapt to market shifts.
- Technological advancements influencing enterprise growth and market competition across Europe.
Top countries in Number of High Growth Enterprises in Motor Vehicles Maintenance and Repair Share by Country (Units (Enterprises))
| # | 9 Countries | Percent | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Hungary | 26.66 | 2023 | +25.36% | +29.23% | View data |
| 2 | 2 Italy | 20.11 | 2023 | +19.18% | +7.96% | View data |
| 3 | 3 Romania | 11.1 | 2023 | +23.08% | +9.37% | View data |
| 4 | 4 Lithuania | 10.94 | 2023 | +17.36% | +6.02% | View data |
| 5 | 5 Czech Republic | 10.63 | 2023 | +14.05% | +1.2% | View data |
| 6 | 6 Portugal | 8.63 | 2023 | +20.43% | +4.47% | View data |
| 7 | 7 Slovakia | 3.62 | 2023 | +17.5% | +10.91% | View data |
| 8 | 8 Norway | 1.93 | 2023 | +8.7% | -1.53% | View data |
| 9 | 9 Latvia | 0.15 | 2023 | -75% | -37.52% | View data |
