In 2023, Italy led the European number of high growth enterprises in warehousing and support activities for transportation with 40.09 units, despite a slight decline of 2.02% from the previous year. Hungary saw a significant increase of 14.87%, positioning itself strongly in the market. Lithuania also experienced notable growth at 10.61%, as did Portugal at 8.08%. Conversely, the Czech Republic and Slovakia experienced declines, with changes of -4.77% and -3.49%, respectively. Romania and Norway observed modest increases, while Latvia saw a substantial decrease of 13.26%. Iceland remained stable.
Future trends to watch include:
- Potential continued growth in Eastern Europe, driven by investment and development in logistics infrastructure.
- Impacts of digitalization and automation on operational efficiencies and market entries.
- Spaces for recovery and growth in nations experiencing declines, focusing on strategic partnerships and sustainable practices.
Top countries in Number of High Growth Enterprises in Warehousing and Support Activities for Transportation Share by Country (Units (Enterprises))
| # | 10 Countries | Percent | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Italy | 40.09 | 2023 | +4.19% | -2.02% | View data |
| 2 | 2 Hungary | 17.33 | 2023 | +15.18% | +14.87% | View data |
| 3 | 3 Lithuania | 15.58 | 2023 | +19.59% | +10.61% | View data |
| 4 | 4 Portugal | 7.92 | 2023 | +16.83% | +8.08% | View data |
| 5 | 5 Czech Republic | 5.57 | 2023 | -3.49% | -4.77% | View data |
| 6 | 6 Romania | 5.31 | 2023 | +16.18% | +3.66% | View data |
| 7 | 7 Slovakia | 2.42 | 2023 | +5.88% | -3.49% | View data |
| 8 | 8 Norway | 1.88 | 2023 | +3.7% | +3.13% | View data |
| 9 | 9 Latvia | 1.81 | 2023 | -25% | -13.26% | View data |
| 10 | 10 Iceland | 0.4 | 2023 | 0% | 0% | View data |
