In 2023, Italy led with 1.45 thousand high growth enterprises in road freight transport and removal services, followed by Hungary and Lithuania, at 0.672 and 0.622 thousand respectively. Italy saw a significant growth rate of 7.67%, while Hungary's growth was even higher at 16.36%, indicating strong market dynamics in these regions. Lithuania experienced moderate growth at 3.93%. Conversely, Latvia and Norway saw declines of -13.27% and -3.2%, reflecting market contractions or consolidations. Over the last five years, these countries have experienced varied Compound Annual Growth Rates (CAGR), reflecting diverse market evolutions.
Future trends to monitor include technological advancements in logistics, regulatory changes affecting transportation, and economic conditions influencing market expansions. Watch for shifts in demand due to environmental considerations and innovations in transport efficiency as these could significantly impact enterprise growth patterns across Europe.
Top countries in Number of High Growth Enterprises in Road Freight Transport and Removal Services by Country
| # | 10 Countries | Units (Enterprises) | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Italy | 1,450 | 2023 | +12.67% | +7.67% | View data |
| 2 | 2 Hungary | 672 | 2023 | +18.94% | +16.36% | View data |
| 3 | 3 Lithuania | 622 | 2023 | +11.27% | +3.93% | View data |
| 4 | 4 Portugal | 441 | 2023 | +14.55% | +8.78% | View data |
| 5 | 5 Romania | 382 | 2023 | +13.69% | +5.59% | View data |
| 6 | 6 Czech Republic | 382 | 2023 | +5.52% | +0.75% | View data |
| 7 | 7 Slovakia | 142 | 2023 | +5.97% | +1.17% | View data |
| 8 | 8 Latvia | 53 | 2023 | -14.52% | -13.27% | View data |
| 9 | 9 Norway | 51 | 2023 | +4.08% | -3.2% | View data |
| 10 | 10 Iceland | 2 | 2023 | 0% | 0% | View data |
