The European landscape of young high-growth enterprises (gazelles) in rental and leasing services showed varying growth patterns in 2023. Hungary remained stable with no change, while Italy experienced an 11.38% increase. Portugal stood out with a significant growth of 36.85%. Conversely, Lithuania and the Czech Republic witnessed declines of 7.79% and 12.94%, respectively. Slovakia and Romania saw no change.
Future trends to watch include:
- Potential for continued growth in Portugal driven by favorable market dynamics.
- Recovery opportunities in Lithuania and the Czech Republic if economic conditions improve.
- Monitoring macroeconomic factors that could influence the stability in countries like Hungary.
Top countries in Number of Young High Growth Enterprises (Gazelles) in Rental and Leasing Services by Country
| # | 7 Countries | Units (Enterprises) | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Hungary | 13 | 2023 | +8.33% | View data | |
| 2 | 2 Italy | 12 | 2023 | +20% | +11.38% | View data |
| 3 | 3 Portugal | 12 | 2023 | +20% | +36.85% | View data |
| 4 | 4 Slovakia | 2 | 2023 | 0% | View data | |
| 5 | 5 Lithuania | 2 | 2023 | 0% | -7.79% | View data |
| 6 | 6 Romania | 1 | 2023 | 0% | 0% | View data |
| 7 | 7 Czech Republic | 1 | 2023 | 0% | -12.94% | View data |
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