In 2023, Italy led the European market in high-growth construction service enterprises, accounting for 38.74% of the share. Hungary followed with a substantial increase, emphasizing a 22.39% year-on-year growth. Portugal and Romania also displayed significant growth rates among the top contenders. Conversely, Norway experienced a slight decline with a -1.09% variation. The five-year CAGR highlights Hungary's consistent upward trend in this sector.
Looking ahead, emerging trends include digitalization in construction, sustainability initiatives, and cross-border collaborations. Attention should also be paid to potential economic fluctuations and regulatory changes impacting enterprise growth patterns across Europe.
Top countries in Number of High Growth Enterprises in Construction Services Share by Country (Units (Enterprises))
| # | 10 Countries | Percent | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Italy | 38.74 | 2023 | +8.58% | +4% | View data |
| 2 | 2 Hungary | 22.47 | 2023 | +18.15% | +22.39% | View data |
| 3 | 3 Portugal | 11.82 | 2023 | +16.18% | +11.43% | View data |
| 4 | 4 Czech Republic | 8.39 | 2023 | +15.05% | +6.33% | View data |
| 5 | 5 Lithuania | 4.48 | 2023 | +7.69% | +1.72% | View data |
| 6 | 6 Romania | 4.23 | 2023 | +8.19% | +15.5% | View data |
| 7 | 7 Norway | 2.03 | 2023 | -1.11% | -1.09% | View data |
| 8 | 8 Slovakia | 1.97 | 2023 | +7.5% | +8.57% | View data |
| 9 | 9 Latvia | 1.62 | 2023 | +1.43% | +5.24% | View data |
| 10 | 10 Iceland | 0.69 | 2023 | +11.11% | +2.13% | View data |
