In 2024, the distribution of high growth enterprises in European furniture manufacturing is significantly led by Italy, holding 26.48% of the share. Portugal follows with 22.67%, while Hungary and Lithuania account for 13.35% and 13.24%, respectively. The lower spectrum includes Romania at 8.19%, the Czech Republic at 5.39%, Slovakia at 3.7%, Latvia at 2.02%, and both Norway and Iceland at 0.34% each.
Year-on-year variations from 2023 to 2024 indicate a notable decrease for Italy (-11.71%) and the Czech Republic (-11.21%), whereas Norway experienced a significant rise (24.57%). Hungary (12.17%), Lithuania (1.41%), Romania (4.71%), Slovakia (2.62%), and Latvia (2.38%) showed positive growth, while Iceland saw a decline (-5.59%).
Future trends to watch include the potential for continued growth in emerging markets such as Hungary and Romania, as well as a recovery or further decline in established markets like Italy and the Czech Republic. Additionally, the rise in Norway could signal new areas of opportunity in Northern Europe.
Top countries in Number of High Growth Enterprises in Furniture Manufacturing Share by Country (Units (Enterprises))
| # | 10 Countries | Percent | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Italy | 26.48 | 2023 | -2.07% | -11.71% | View data |
| 2 | 2 Portugal | 22.67 | 2023 | +11.6% | +2.91% | View data |
| 3 | 3 Hungary | 13.35 | 2023 | +8.18% | +12.17% | View data |
| 4 | 4 Lithuania | 13.24 | 2023 | +5.36% | +1.41% | View data |
| 5 | 5 Romania | 8.19 | 2023 | +5.8% | +4.71% | View data |
| 6 | 6 Czech Republic | 5.39 | 2023 | -5.88% | -11.21% | View data |
| 7 | 7 Slovakia | 3.7 | 2023 | +3.13% | +2.62% | View data |
| 8 | 8 Latvia | 2.02 | 2023 | 0% | +2.38% | View data |
| 9 | 9 Norway | 0.34 | 2023 | +50% | +24.57% | View data |
| 10 | 10 Iceland | 0.34 | 2023 | 0% | -5.59% | View data |
