In 2023, Italy led with 19 gazelle enterprises, experiencing an increase of 11.55% from the previous year, suggesting a steady rise in young high-growth enterprises in this sector. Hungary showed a robust growth of 21.67%, with 8 enterprises. Lithuania displayed significant growth with 5 enterprises, up by 13.62%. Romania and Portugal maintained their numbers at 3 and 2 enterprises, respectively, without growth. Slovakia saw a decline by -12.94% to only 1 enterprise.
Looking ahead, the European landscape for gazelle enterprises in industrial machinery installation is expected to evolve with disparities among nations. Some potential trends include:
- Italy and Hungary might continue their growth trajectory due to supportive industrial policies.
- Lithuania could leverage innovation incentives to increase its count of gazelles.
- Romania and Portugal need strategic initiatives to stimulate enterprise growth.
- Slovakia may face challenges unless corrective measures are adopted to reverse the declining trend.
Top countries in Number of Young High Growth Enterprises (Gazelles) in Installation of Industrial Machinery and Equipment by Country
| # | 6 Countries | Units (Enterprises) | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Italy | 19 | 2023 | +18.75% | +11.55% | View data |
| 2 | 2 Hungary | 8 | 2023 | +33.33% | +21.67% | View data |
| 3 | 3 Lithuania | 5 | 2023 | +66.67% | +13.62% | View data |
| 4 | 4 Romania | 3 | 2023 | +50% | View data | |
| 5 | 5 Portugal | 2 | 2023 | 0% | 0% | View data |
| 6 | 6 Slovakia | 1 | 2023 | 0% | -12.94% | View data |
