In 2023, Italy led with 188 young high-growth enterprises in the Buildings and Landscape Services sector, reflecting a year-on-year growth of 5.77%. Hungary witnessed a modest increase of 1.22% with 34 enterprises. Portugal saw a significant rise of 5.29%, reaching 22 firms. Lithuania increased by 1.49%, while Romania and the Czech Republic both experienced negative growth rates, at -1.59% and -1.89%, respectively. Norway saw an exceptional surge of 43.1%, albeit starting from a smaller base, while Slovakia grew by 10.76%, and Iceland maintained its count.
Future trends to watch:
- The momentum in Italy may continue boosting its market share in the sector.
- Norway's significant growth could indicate emerging opportunities in Northern Europe.
- Portugal’s consistent rise suggests potential infrastructure developments.
- Monitoring Eastern European markets like Lithuania for stabilization post-negative trends.
Top countries in Number of Young High Growth Enterprises (Gazelles) in Buildings and Landscape Services by Country
| # | 9 Countries | Units (Enterprises) | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Italy | 188 | 2023 | +9.3% | +5.77% | View data |
| 2 | 2 Hungary | 34 | 2023 | +3.03% | +1.22% | View data |
| 3 | 3 Portugal | 22 | 2023 | +10% | +5.29% | View data |
| 4 | 4 Lithuania | 14 | 2023 | +16.67% | +1.49% | View data |
| 5 | 5 Romania | 12 | 2023 | +20% | -1.59% | View data |
| 6 | 6 Czech Republic | 10 | 2023 | +11.11% | -1.89% | View data |
| 7 | 7 Norway | 6 | 2023 | +20% | +43.1% | View data |
| 8 | 8 Slovakia | 5 | 2023 | +25% | +10.76% | View data |
| 9 | 9 Iceland | 2 | 2023 | 0% | View data |
