In 2023, Hungary led among European countries with 29.25 young high-growth enterprises (gazelles) in rental and leasing services. Italy and Portugal followed closely, sharing the second place with 27 enterprises each. Slovakia and Lithuania stood at 4.5 enterprises, while Romania and the Czech Republic had lower numbers at 2.25 enterprises each.
Recent trends indicate:
- Portugal experienced significant growth at 36.85%, while Italy saw an increase of 11.38%.
- Lithuania and the Czech Republic faced declines of 7.79% and 12.94%, respectively.
- Hungary, Slovakia, and Romania maintained stable figures, with zero variation.
Future trends to watch:
- Potential continued growth in Portugal driven by favorable business environments and innovative leasing solutions.
- Italy might leverage its stable economy to maintain or slightly grow its gazelles' count.
- Efforts in the Czech Republic and Lithuania to stabilize and possibly reverse declining trends could shape upcoming market dynamics.
Top countries in Number of Young High Growth Enterprises (Gazelles) in Rental and Leasing Services Share by Country (Units (Enterprises))
| # | 7 Countries | Percent | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Hungary | 29.25 | 2023 | +8.33% | View data | |
| 2 | 2 Italy | 27 | 2023 | +20% | +11.38% | View data |
| 3 | 3 Portugal | 27 | 2023 | +20% | +36.85% | View data |
| 4 | 4 Slovakia | 4.5 | 2023 | 0% | View data | |
| 5 | 5 Lithuania | 4.5 | 2023 | 0% | -7.79% | View data |
| 6 | 6 Romania | 2.25 | 2023 | 0% | 0% | View data |
| 7 | 7 Czech Republic | 2.25 | 2023 | 0% | -12.94% | View data |
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