In 2023, Portugal led with the highest number of young high-growth enterprises in the motor vehicles sector among the surveyed European countries, followed by Slovakia and Italy. Portugal demonstrated a notable positive trend with a year-on-year increase of over 25%, and Slovakia showed similar positive growth. Italy and Hungary experienced negative growth, while the Czech Republic and Norway remained stable. Romania and Lithuania displayed promising growth with year-on-year increases over 14%.
Future trends to observe in the European market include:
- Potential for recovery in countries with negative or zero growth, such as Italy and Hungary.
- Sustainability in high-growth regions like Portugal and Slovakia.
- The impact of technological advancements and investment in innovation across all countries.
Top countries in Number of Young High Growth Enterprises (Gazelles) in Motor Vehicles, Trailers and Semi-Trailers by Country
| # | 8 Countries | Units (Enterprises) | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Portugal | 20 | 2023 | +25% | +25.21% | View data |
| 2 | 2 Slovakia | 15 | 2023 | +15.38% | +16.47% | View data |
| 3 | 3 Italy | 11 | 2023 | +22.22% | -1.73% | View data |
| 4 | 4 Czech Republic | 9 | 2023 | +12.5% | 0% | View data |
| 5 | 5 Hungary | 5 | 2023 | 0% | -3.58% | View data |
| 6 | 6 Romania | 4 | 2023 | +33.33% | +14.87% | View data |
| 7 | 7 Lithuania | 2 | 2023 | +100% | +14.87% | View data |
| 8 | 8 Norway | 1 | 2023 | 0% | View data |
