The data from 2023 indicates that Hungary leads in the number of high growth enterprises in the motor vehicle parts retail sector with 142 companies, while Norway and Latvia fall behind with 4 and 1 company, respectively. Noteworthy changes include significant growth in Hungary at 24.23% and a notable decline in Latvia at -45.07%, whereas countries like Czech Republic saw a slight decrease of -1.05%. The year-on-year fluctuations range from high growth in Slovakia at 6.3% to stagnation in Norway at 0.0%.
Future trends to watch include:
- The potential for Hungary to maintain its leading position.
- The impact of economic policies and technological advancements on enterprise growth in the motor vehicle parts retail sector.
- Prospects of market expansion in smaller markets like Slovakia and recovery tendencies in Latvia.
Top countries in Number of High Growth Enterprises in Motor Vehicle Parts Retail by Country
| # | 9 Countries | Units (Enterprises) | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Hungary | 142 | 2023 | +22.41% | +24.23% | View data |
| 2 | 2 Italy | 132 | 2023 | +8.2% | +4.29% | View data |
| 3 | 3 Lithuania | 87 | 2023 | +16% | +2.21% | View data |
| 4 | 4 Portugal | 66 | 2023 | +10% | +3.71% | View data |
| 5 | 5 Romania | 57 | 2023 | +16.33% | +3.07% | View data |
| 6 | 6 Czech Republic | 37 | 2023 | +2.78% | -1.05% | View data |
| 7 | 7 Slovakia | 19 | 2023 | +5.56% | +6.3% | View data |
| 8 | 8 Norway | 4 | 2023 | +33.33% | View data | |
| 9 | 9 Latvia | 1 | 2023 | -83.33% | -45.07% | View data |
