The number of high-growth enterprises in automotive fuel retail in specialized stores varied significantly across European countries in 2023. Hungary led with 207 enterprises, followed by Portugal (116), and Romania (96). Czech Republic and Italy reported 94 and 90 enterprises, respectively. Lithuania, Slovakia, and Norway had significantly fewer high-growth enterprises, with Norway even experiencing a decline of 5.92% from the previous year.
Key trends to watch in 2024 include:
- Hungary's strong growth trajectory, with a 28.54% increase in 2023, suggests a flourishing industry.
- Portugal and Romania are also showing robust growth, with year-on-year variations of 14.87% and 19.14% respectively.
- Conversely, Norway's downturn may indicate market saturation or evolving consumer behavior.
- The automotive fuel retail sector in Europe is poised for continued growth, driven by innovations in fuel technology and shifts towards cleaner energy solutions.
Top countries in Number of High Growth Enterprises in Automotive Fuel Retail in Specialised Stores by Country
| # | 8 Countries | Units (Enterprises) | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Hungary | 207 | 2023 | +40.82% | +28.54% | View data |
| 2 | 2 Portugal | 116 | 2023 | +24.73% | +14.87% | View data |
| 3 | 3 Romania | 96 | 2023 | +37.14% | +19.14% | View data |
| 4 | 4 Czech Republic | 94 | 2023 | +18.99% | +8.33% | View data |
| 5 | 5 Italy | 90 | 2023 | +26.76% | +10.35% | View data |
| 6 | 6 Lithuania | 32 | 2023 | +28% | +5.06% | View data |
| 7 | 7 Slovakia | 26 | 2023 | +18.18% | +10.2% | View data |
| 8 | 8 Norway | 14 | 2023 | +7.69% | -5.92% | View data |
