In 2023, Italy led Europe in the number of young high-growth enterprises in land transport and transport via pipelines with 296 enterprises, showing a 12.54% increase year-on-year. Hungary followed with a significant 14.42% growth, while Romania also matched Italy at 51 enterprises but with a modest 1.22% growth. Lithuania and the Czech Republic experienced a decline in enterprises, with -2.96% and -3.46% changes respectively. Portugal and Slovakia managed positive growths, 5.62% and 4.1%, respectively. Norway remained stable with no growth, maintaining just one enterprise.
Looking ahead, Italy and Hungary's aggressive growth signals robustness in the sector, potentially attracting more investments. The decline in Lithuania and the Czech Republic may suggest market saturation or structural challenges. Future trends to watch include the impact of green policies on transport enterprises and the adoption of digital technologies, which could drive further innovation and growth in the sector across Europe.
Top countries in Number of Young High Growth Enterprises (Gazelles) in Land Transport and Transport via Pipelines by Country
| # | 8 Countries | Units (Enterprises) | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Italy | 296 | 2023 | +17.46% | +12.54% | View data |
| 2 | 2 Romania | 51 | 2023 | +13.33% | +1.22% | View data |
| 3 | 3 Hungary | 51 | 2023 | +13.33% | +14.42% | View data |
| 4 | 4 Lithuania | 37 | 2023 | +2.78% | -2.96% | View data |
| 5 | 5 Czech Republic | 26 | 2023 | 0% | -3.46% | View data |
| 6 | 6 Portugal | 23 | 2023 | +9.52% | +5.62% | View data |
| 7 | 7 Slovakia | 22 | 2023 | 0% | +4.1% | View data |
| 8 | 8 Norway | 1 | 2023 | 0% | View data |
