In 2023, Italy led in the number of high-growth enterprises in the metal tanks, reservoirs, and containers sector in Europe, with a share of 31.83%. Hungary and Portugal followed, contributing 17.42% and 16.22% respectively. Slovakia exhibited significant growth with a 20.11% increase from the previous year, while countries like Latvia, Norway, and Lithuania remained unchanged.
Notable trends include:
- Italy demonstrated stability, growing slightly by 0.77% year-over-year, suggesting sustained leadership.
- Hungary surged, paralleling Slovakia's robust expansion, indicating a growing industrial base.
- The Czech Republic's slight decline of 1.14% signifies potential challenges.
Future trends to watch for:
- Continued growth in Eastern European countries, which may drive the overall market.
- Potential challenges for stable markets such as Italy and Portugal to maintain their competitive positions.
- The impact of technological advancements and environmental regulations on production efficiency and market dynamics.
Top countries in Number of High Growth Enterprises in Metal Tanks, Reservoirs and Containers Share by Country (Units (Enterprises))
| # | 9 Countries | Percent | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Italy | 31.83 | 2023 | +8.16% | +0.77% | View data |
| 2 | 2 Hungary | 17.42 | 2023 | +16% | +17.41% | View data |
| 3 | 3 Portugal | 16.22 | 2023 | +17.39% | +7.28% | View data |
| 4 | 4 Slovakia | 15.02 | 2023 | +25% | +20.11% | View data |
| 5 | 5 Czech Republic | 10.21 | 2023 | 0% | -1.14% | View data |
| 6 | 6 Romania | 4.81 | 2023 | +14.29% | +5.92% | View data |
| 7 | 7 Latvia | 3.6 | 2023 | +50% | View data | |
| 8 | 8 Norway | 3.6 | 2023 | +50% | View data | |
| 9 | 9 Lithuania | 3.6 | 2023 | +20% | 0% | View data |
