The European market for high-growth enterprises in motor vehicles, trailers, and semi-trailers showcases a diverse landscape with Italy leading at 34.82% in 2024. Portugal shows resilience with a positive growth rate of 3.82% compared to 2023. In contrast, the Czech Republic and Romania experienced notable declines, at -7.95% and -7.34% respectively. Other countries like Hungary, Latvia, and Norway also faced downward trends, with Lithuania experiencing the steepest decrease at -20.76%. This varied performance across countries suggests regional specialization and challenges.
Future trends to watch include:
- The potential for technological advancements to spur growth in lagging nations.
- The impact of EU policy changes and environmental regulations on enterprise growth.
- The ability of countries like Portugal to continue building positive momentum in an evolving industry landscape.
Top countries in Number of High Growth Enterprises in Motor Vehicles, Trailers and Semi-Trailers Share by Country (Units (Enterprises))
| # | 9 Countries | Percent | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Italy | 34.82 | 2023 | +11.84% | -3.58% | View data |
| 2 | 2 Portugal | 16.79 | 2023 | +20.59% | +3.82% | View data |
| 3 | 3 Czech Republic | 15.16 | 2023 | -3.9% | -7.95% | View data |
| 4 | 4 Hungary | 14.95 | 2023 | +10.61% | -1.57% | View data |
| 5 | 5 Slovakia | 10.65 | 2023 | +8.33% | +0.79% | View data |
| 6 | 6 Romania | 5.73 | 2023 | +16.67% | -7.34% | View data |
| 7 | 7 Latvia | 1.84 | 2023 | +28.57% | -2.09% | View data |
| 8 | 8 Lithuania | 1.02 | 2023 | -16.67% | -20.76% | View data |
| 9 | 9 Norway | 0.82 | 2023 | 0% | -4.36% | View data |
