The analysis of the European number of young high growth enterprises (gazelles) in road freight transport and removal services highlights Italy as a leader, contributing significantly with 59.18 units in 2023. This indicates substantial growth in this sector for Italy, alongside noticeable gains in Hungary (+14.87%) and Romania (+1.42%). Conversely, Lithuania (-6.69%), Czech Republic (-2.24%), and Latvia (-9.71%) have experienced declines. The compounded annual growth rate over the past five years suggests a balanced increase across most countries, hinting at variability yet persistent overall growth in the European market.
Future trends to watch include:
- The potential impact of technological advancements on operational efficiencies and cost management in road freight transport.
- The influence of environmental policies and sustainability initiatives, possibly reshaping the competitive landscape and growth opportunities in this sector.
- Macroeconomic factors and regulatory changes post-Brexit that may affect market dynamics in European road freight services.
Top countries in Number of Young High Growth Enterprises (Gazelles) in Road Freight Transport and Removal Services Share by Country (Units (Enterprises))
| # | 9 Countries | Percent | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Italy | 59.18 | 2023 | +18.95% | +13.59% | View data |
| 2 | 2 Romania | 8.83 | 2023 | +12.82% | +1.42% | View data |
| 3 | 3 Hungary | 8.83 | 2023 | +10% | +14.87% | View data |
| 4 | 4 Lithuania | 5.82 | 2023 | -6.45% | -6.69% | View data |
| 5 | 5 Czech Republic | 5.02 | 2023 | 0% | -2.24% | View data |
| 6 | 6 Portugal | 4.61 | 2023 | +9.52% | +6.23% | View data |
| 7 | 7 Slovakia | 3.61 | 2023 | 0% | +5.15% | View data |
| 8 | 8 Latvia | 0.6 | 2023 | +50% | -9.71% | View data |
| 9 | 9 Norway | 0.2 | 2023 | 0% | View data |
