The European landscape of high-growth enterprises in IT hardware retail within specialized stores exhibits significant divergence among countries. In 2023, Hungary led with 126 enterprises, reflecting a growth trajectory, followed by Italy at 36 enterprises, and Portugal slightly declining to 34. Slovakia showed modest growth, while Lithuania, Romania, Czech Republic, and Iceland witnessed contractions. Notably, Norway saw a complete downturn. The Compound Annual Growth Rate (CAGR) suggests Hungary and Italy as burgeoning markets, contrasting with the decline observed in countries like Czech Republic and Norway.
Future trends to observe include:
- Continued expansion in Hungary and Italy may drive market consolidation and increased competition.
- Potential recovery opportunities in contracting markets like Romania and the Czech Republic.
- Technological advancements and evolving consumer preferences could redefine market dynamics.
Top countries in Number of High Growth Enterprises in IT Hardware Retail in Specialised Stores by Country
| # | 9 Countries | Units (Enterprises) | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Hungary | 126 | 2023 | +21.15% | +20.3% | View data |
| 2 | 2 Italy | 36 | 2023 | +2.86% | +9.37% | View data |
| 3 | 3 Portugal | 34 | 2023 | -2.86% | -1.41% | View data |
| 4 | 4 Slovakia | 22 | 2023 | +4.76% | +1.92% | View data |
| 5 | 5 Lithuania | 5 | 2023 | -16.67% | -3.58% | View data |
| 6 | 6 Romania | 2 | 2023 | -33.33% | -25.98% | View data |
| 7 | 7 Czech Republic | 2 | 2023 | -33.33% | -27.52% | View data |
| 8 | 8 Iceland | 2 | 2023 | +100% | 0% | View data |
| 9 | 9 Norway | 1 | 2023 | -100% | View data |
