The 2023 data indicates that Lithuania and Hungary are leading in the European share of young high growth enterprises (gazelles) within the motor vehicle renting and leasing sector, with shares of 11.48% and 11.36% respectively. Slovakia, Portugal, Italy, and Romania trail significantly behind. With 2024 values forecasted, the variation over the last two years is minimal, showing stability yet some disparities across countries. The compound annual growth rate (CAGR) over the past five years reflects this steady trend.
Future trends to watch include:
- The potential for Eastern European countries to increase their share, driven by innovation and foreign investment.
- Monitoring economic policies that might influence enterprise growth in the sector.
- The impact of digital transformation and sustainability trends on enterprise expansion and competitiveness in the region.
Top countries in Share of Young High Growth Enterprises (Gazelles) in the Population of Active Enterprises in Renting and Leasing of Motor Vehicles by Country
| # | 6 Countries | Percent | Last Year | |
|---|---|---|---|---|
| 1 | 1 Lithuania | 11.48 | 2023 | View data |
| 2 | 2 Hungary | 11.36 | 2023 | View data |
| 3 | 3 Slovakia | 2.91 | 2023 | View data |
| 4 | 4 Portugal | 2.2 | 2023 | View data |
| 5 | 5 Italy | 1.48 | 2023 | View data |
| 6 | 6 Romania | 0.4 | 2023 | View data |
