European Share of High Growth Enterprises in the Population of Active Enterprises in Repair and Installation of Machinery and Equipment by Country

In 2023, Hungary led the European countries in the share of high-growth enterprises within the repair and installation of machinery and equipment sector, reaching 66.24%. Lithuania followed with 43.99%, while Portugal, Slovakia, and the Czech Republic had shares above 30%. Italy, Iceland, Latvia, Norway, and Romania exhibited lower percentages, with Romania at the bottom with only 8.3%. These values denote actual figures as of 2023, with no significant year-on-year variations reported.

Future trends in this sector should focus on:

• The potential for technological advancements and automation which could reshape business dynamics and enterprise growth in countries with lower current shares.
• EU policy impacts on industry regulations and funding opportunities that could influence growth rates, especially in emerging markets within Europe.
• Evolving climate regulations, which may increase demand for repair and installation services as equipment undergoes modifications to comply with environmental standards.
• Monitoring how digitalization and increased efficiency can affect operational scales, leading to an increased number of high-growth enterprises.