The market for young high-growth enterprises (gazelles) in civil engineering across Europe in 2023 showed notable disparities. Hungary led with the largest share at 36.97 units. Other countries like Italy and the Czech Republic followed, reflecting moderate presences at 19.46 and 11.67 units, respectively. During 2023, Hungary and the Czech Republic experienced significant growth rates of 28.14% and 31.95%, respectively. Conversely, Italy saw a slight decline of 0.97%. The five-year compound annual growth rate (CAGR) points towards growth for most countries, suggesting an overall upward trend.
Future trends to watch:
- Continued growth in emerging European markets, particularly Hungary, could influence regional dynamics.
- Policies promoting innovation and entrepreneurship may enhance the growth of gazelles, particularly in lagging regions.
- The role of technological advancements in accelerating enterprise development in this sector needs monitoring.
Top countries in Number of Young High Growth Enterprises (Gazelles) in Civil Engineering Share by Country (Units (Enterprises))
| # | 9 Countries | Percent | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Hungary | 36.97 | 2023 | +8.57% | +28.14% | View data |
| 2 | 2 Italy | 19.46 | 2023 | +5.26% | -0.97% | View data |
| 3 | 3 Czech Republic | 11.67 | 2023 | +20% | +31.95% | View data |
| 4 | 4 Portugal | 8.76 | 2023 | +12.5% | +3.71% | View data |
| 5 | 5 Romania | 6.81 | 2023 | 0% | +18.47% | View data |
| 6 | 6 Lithuania | 6.81 | 2023 | +16.67% | +3.93% | View data |
| 7 | 7 Latvia | 5.84 | 2023 | 0% | +24.57% | View data |
| 8 | 8 Slovakia | 3.89 | 2023 | 0% | +14.87% | View data |
| 9 | 9 Norway | 2.92 | 2023 | 0% | 0% | View data |
