The 2023 data details the presence of young high-growth enterprises in road freight transport and removal services across several European countries. Italy leads significantly with 295 enterprises, far surpassing other nations. Both Romania and Hungary follow with 44 firms each. Notably, Latvia and Norway trail with minimal numbers, harboring only three and one enterprise respectively. Year-on-year analysis shows Italy and Hungary with notable growth rates of 13.59% and 14.87%. In contrast, Lithuania and Latvia witnessed declines in their enterprise numbers.
Future trends to monitor include the potential for Italy's large number of gazelles to inspire regional synergies, while Hungary's burgeoning growth might indicate new market opportunities. Additionally, examining the factors hindering Lithuania's and Latvia's growth could reveal strategies to bolster their presence in this sector.
- Italy shows substantial potential as a dominant player.
- Hungary is experiencing significant growth that could attract new investments.
- Watch for potential challenges in Latvia and Lithuania hampering growth.
- Evaluate the impact of these trends on European market dynamics.
Top countries in Number of Young High Growth Enterprises (Gazelles) in Road Freight Transport and Removal Services by Country
| # | 9 Countries | Units (Enterprises) | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Italy | 295 | 2023 | +18.95% | +13.59% | View data |
| 2 | 2 Romania | 44 | 2023 | +12.82% | +1.42% | View data |
| 3 | 3 Hungary | 44 | 2023 | +10% | +14.87% | View data |
| 4 | 4 Lithuania | 29 | 2023 | -6.45% | -6.69% | View data |
| 5 | 5 Czech Republic | 25 | 2023 | 0% | -2.24% | View data |
| 6 | 6 Portugal | 23 | 2023 | +9.52% | +6.23% | View data |
| 7 | 7 Slovakia | 18 | 2023 | 0% | +5.15% | View data |
| 8 | 8 Latvia | 3 | 2023 | +50% | -9.71% | View data |
| 9 | 9 Norway | 1 | 2023 | 0% | View data |
