In 2023, Hungary leads the European IT hardware retail market with a dominant share of 50.12% in high growth enterprises, followed by Italy and Portugal at 14.32% and 13.53%, respectively. Slovakia holds a modest share of 8.75%, while Lithuania captures 1.99%. Romania, Czech Republic, and Iceland share similar minor contributions of 0.8%, alongside Norway with the lowest presence at 0.4%.
Key year-on-year changes include significant growth in Hungary at 20.3% and notable expansion in Italy by 9.37%. Portugal shows a slight decline of 1.41%, contrasted by Slovakia's minimal rise of 1.92%. Conversely, Lithuania, Romania, and the Czech Republic face contractions, with Romania experiencing a steep drop of 25.98%. Norway underwent a complete exit, marking a 100% reduction.
Looking ahead, Europe's IT hardware retail market could witness shifts due to digital transformation and technological advancements. The growth of online retail and emerging markets might influence enterprise distribution across countries. Monitoring technological innovation, consumer preferences, and cross-border expansions will be crucial to understanding future dynamics.
Top countries in Number of High Growth Enterprises in IT Hardware Retail in Specialised Stores Share by Country (Units (Enterprises))
| # | 9 Countries | Percent | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Hungary | 50.12 | 2023 | +21.15% | +20.3% | View data |
| 2 | 2 Italy | 14.32 | 2023 | +2.86% | +9.37% | View data |
| 3 | 3 Portugal | 13.53 | 2023 | -2.86% | -1.41% | View data |
| 4 | 4 Slovakia | 8.75 | 2023 | +4.76% | +1.92% | View data |
| 5 | 5 Lithuania | 1.99 | 2023 | -16.67% | -3.58% | View data |
| 6 | 6 Romania | 0.8 | 2023 | -33.33% | -25.98% | View data |
| 7 | 7 Czech Republic | 0.8 | 2023 | -33.33% | -27.52% | View data |
| 8 | 8 Iceland | 0.8 | 2023 | +100% | 0% | View data |
| 9 | 9 Norway | 0.4 | 2023 | -100% | View data |
