In 2023, Hungary and Italy topped the list with 13 young high growth enterprises each in automotive fuel retail specializing in stores, which represented significant growth rates of 34.08% and 21.06%, respectively. Czech Republic followed with 8 enterprises, marking a modest increase of 2.71%. In contrast, Romania and Slovakia experienced mixed trends with Romania observing a decline of 3.58% while Slovakia showed an 8.45% growth. Portugal recorded the least with only 2 enterprises, declining by 7.79% over the last year.
The future trends to watch indicate a potential increase in the number of young high growth enterprises in this sector across Europe. Continual innovations, changes in fuel types due to emissions regulations, and shifts in consumer preferences are expected to drive market dynamics. A focus on sustainability and technological advancements will likely play a crucial role in shaping the competitive landscape and growth opportunities in these markets.
Top countries in Number of Young High Growth Enterprises (Gazelles) in Automotive Fuel Retail in Specialised Stores by Country
| # | 6 Countries | Units (Enterprises) | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Hungary | 13 | 2023 | +30% | +34.08% | View data |
| 2 | 2 Italy | 13 | 2023 | +44.44% | +21.06% | View data |
| 3 | 3 Czech Republic | 8 | 2023 | +14.29% | +2.71% | View data |
| 4 | 4 Romania | 5 | 2023 | +25% | -3.58% | View data |
| 5 | 5 Slovakia | 3 | 2023 | +50% | +8.45% | View data |
| 6 | 6 Portugal | 2 | 2023 | 0% | -7.79% | View data |
