The European landscape for high growth enterprises in the fabricated metal products sector shows a distinct country-specific distribution. Italy leads significantly with 42.35% of units, yet experienced a slight decrease of 1.94% in 2023. Hungary witnessed a notable 10.12% growth, positioning it as a strong player. Portugal and Lithuania also showed positive trends with increases of 4.82% and 4.22% respectively. Conversely, Romania and Latvia faced declines of 4.51% and 6.51%. Norway's growth spiked by 33.52%, marking the highest increase among the countries listed. Over the past years, Italy maintains dominance, but the regional shifts suggest growing diversification.
Future trends to watch include sustained growth in emerging markets like Hungary and Norway, driven by potential industrial innovation. Monitoring technological advancements and economic policies in these countries could reveal further opportunities for expansion and competition in this sector. Simultaneously, Italy and other established leaders may need to focus on innovation and adaptation to maintain their competitive edge as the market evolves.
Top countries in Number of High Growth Enterprises in Fabricated Metal Products (Except Machinery and Equipment) Share by Country (Units (Enterprises))
| # | 10 Countries | Percent | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Italy | 42.35 | 2023 | +13.19% | -1.94% | View data |
| 2 | 2 Hungary | 16.44 | 2023 | +18.22% | +10.12% | View data |
| 3 | 3 Portugal | 12.2 | 2023 | +14.89% | +4.82% | View data |
| 4 | 4 Czech Republic | 11.26 | 2023 | +9.56% | -0.75% | View data |
| 5 | 5 Slovakia | 4.93 | 2023 | +11.56% | +0.65% | View data |
| 6 | 6 Norway | 3.42 | 2023 | +32.82% | +33.52% | View data |
| 7 | 7 Lithuania | 2.95 | 2023 | +10.29% | +4.22% | View data |
| 8 | 8 Romania | 2.04 | 2023 | +6.12% | -4.51% | View data |
| 9 | 9 Latvia | 0.69 | 2023 | -7.89% | -6.51% | View data |
| 10 | 10 Iceland | 0.24 | 2023 | +9.09% | +3.71% | View data |
