In 2023, Italy led the number of high-growth enterprises in the motor vehicle parts and accessories sector in Europe, representing 38.53% share. Czech Republic followed with 17.68%, then Portugal with 14.51%. Hungary, Slovakia, and Romania captured smaller shares at 13.2%, 9.24%, and 7.39%, respectively. Smaller markets, such as Norway, Latvia, and Lithuania, held marginal positions, with Norway experiencing the highest growth rate of 10.76% year-on-year, while Lithuania had a significant drop of 100%. Overall, Italy and Portugal showed positive growth trends, whereas Czech Republic and Latvia saw declines.
Looking ahead, Europe's market for high-growth enterprises in motor vehicle parts and accessories is anticipated to experience fluctuations. Key trends to consider include potential increases in emerging markets, technological advancements driving new enterprise growth, and policy shifts impacting the automotive sector. It will be crucial to monitor these dynamics as they can significantly influence market share distribution among European countries.
Top countries in Number of High Growth Enterprises in Parts and Accessories for Motor Vehicles Share by Country (Units (Enterprises))
| # | 9 Countries | Percent | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Italy | 38.53 | 2023 | +11.45% | +3.15% | View data |
| 2 | 2 Czech Republic | 17.68 | 2023 | -1.47% | -7.32% | View data |
| 3 | 3 Portugal | 14.51 | 2023 | +19.57% | +3.41% | View data |
| 4 | 4 Hungary | 13.2 | 2023 | +11.11% | -2.24% | View data |
| 5 | 5 Slovakia | 9.24 | 2023 | +9.38% | -0.56% | View data |
| 6 | 6 Romania | 7.39 | 2023 | +16.67% | -4.9% | View data |
| 7 | 7 Norway | 1.32 | 2023 | 0% | +10.76% | View data |
| 8 | 8 Latvia | 0.53 | 2023 | 0% | -12.94% | View data |
| 9 | 9 Lithuania | 0.53 | 2023 | -100% | -100% | View data |
