The European high-growth enterprises in the installation of industrial machinery and equipment sector saw Italy leading with a significant share of nearly 56% as of 2023, closely followed by the Czech Republic and Hungary. Most countries experienced positive growth, with Latvia showing remarkable year-on-year growth of nearly 15%, while Hungary also saw significant growth exceeding 14%. Other countries like Slovakia, Lithuania, and Romania demonstrated moderate increases. Norway remained stable with no significant change.
Future trends to watch include the potential for digital transformation and increased automation, contributing to a rise in high-growth enterprises. The interplay of economic recovery efforts and increased demand for advanced industrial machinery may further fuel growth, particularly in emerging economies within Europe.
Top countries in Number of High Growth Enterprises in Installation of Industrial Machinery and Equipment Share by Country (Units (Enterprises))
| # | 9 Countries | Percent | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Italy | 55.97 | 2023 | +18.28% | +6.49% | View data |
| 2 | 2 Czech Republic | 14.42 | 2023 | +13.33% | +6.86% | View data |
| 3 | 3 Hungary | 12.89 | 2023 | +13.43% | +14.27% | View data |
| 4 | 4 Portugal | 6.45 | 2023 | +18.75% | +6.68% | View data |
| 5 | 5 Slovakia | 4.41 | 2023 | +13.04% | +3.4% | View data |
| 6 | 6 Lithuania | 1.7 | 2023 | +11.11% | +4.56% | View data |
| 7 | 7 Romania | 1.19 | 2023 | 0% | +6.96% | View data |
| 8 | 8 Latvia | 0.68 | 2023 | 0% | +14.87% | View data |
| 9 | 9 Norway | 0.17 | 2023 | 0% | View data |
