The number of young high-growth enterprises (gazelles) in the construction of roads and railways across European countries shows significant diversity. In 2023, Hungary led with the highest number of gazelles at 19, reflecting a robust growth rate of 22.1% year-on-year. Italy experienced a decline of 8.46%, suggesting potential market challenges. Romania saw a positive growth of 14.87%, while the Czech Republic and Slovakia showed stable growth rates of 8.45%. Latvia, Norway, and Portugal maintained their numbers with no year-on-year change. Lithuania stood out with an 18.92% increase, indicating promising innovation and investment in infrastructure development.
In assessing future trends:
- Watch for technological advancements in construction that can drive further growth in gazelles.
- EU infrastructure funding and investments could shift the dynamics of market expansion.
- Environmental regulations may influence the adoption of sustainable practices, impacting growth trajectories.
- Economic conditions and political stability in these countries may play a pivotal role in entrepreneurial successes.
Top countries in Number of Young High Growth Enterprises (Gazelles) in Construction of Roads and Railways by Country
| # | 9 Countries | Units (Enterprises) | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Hungary | 19 | 2023 | +11.76% | +22.1% | View data |
| 2 | 2 Italy | 9 | 2023 | 0% | -8.46% | View data |
| 3 | 3 Romania | 6 | 2023 | 0% | +14.87% | View data |
| 4 | 4 Czech Republic | 3 | 2023 | 0% | +8.45% | View data |
| 5 | 5 Slovakia | 3 | 2023 | +50% | +8.45% | View data |
| 6 | 6 Latvia | 2 | 2023 | 0% | View data | |
| 7 | 7 Norway | 2 | 2023 | 0% | 0% | View data |
| 8 | 8 Lithuania | 2 | 2023 | +100% | +18.92% | View data |
| 9 | 9 Portugal | 2 | 2023 | 0% | 0% | View data |
