In 2023, Hungary led the European share of young high-growth enterprises (Gazelles) in the motor vehicles, motorcycles wholesale, retail, and repair sector with a value of 6.17%. This was followed by Lithuania at 4.41% and Slovakia at 1.55%. Other countries like Italy, Czech Republic, Romania, Portugal, and Latvia showed lower shares, ranging from 1.24% to 0.66%. Over the past five years, there's been a lack of significant change, highlighting stagnant growth in these sectors across most countries.
Trends to watch for the future include:
- Potential growth in Central and Eastern European countries as they continue to develop their automotive sectors.
- The impact of green technologies and digitalization in driving the share of Gazelles, possibly reshaping industry dynamics.
- Policy changes and investments in sustainable transportation likely influencing the expansion of high-growth firms.
Top countries in Share of Young High Growth Enterprises (Gazelles) in the Population of Active Enterprises in Motor Vehicles, Motorcycles Wholesale, Retail and Repair by Country
| # | 8 Countries | Percent | Last Year | |
|---|---|---|---|---|
| 1 | 1 Hungary | 6.17 | 2023 | View data |
| 2 | 2 Lithuania | 4.41 | 2023 | View data |
| 3 | 3 Slovakia | 1.55 | 2023 | View data |
| 4 | 4 Italy | 1.24 | 2023 | View data |
| 5 | 5 Czech Republic | 1.1 | 2023 | View data |
| 6 | 6 Romania | 1.08 | 2023 | View data |
| 7 | 7 Portugal | 0.93 | 2023 | View data |
| 8 | 8 Latvia | 0.66 | 2023 | View data |
