The data from 2023 highlights that Italy leads Europe with 330 high-growth enterprises in the installation of industrial machinery and equipment. The Czech Republic and Hungary follow with 85 and 76 enterprises respectively. Portugal, Slovakia, and the Baltic nations show modest numbers, with Norway registering just a single enterprise. Year-on-year growth in 2023 reveals significant expansion in Hungary and Latvia, with growth rates of 14.27% and 14.87% respectively, while other nations experienced more moderate growth. Norway's growth remained stagnant.
Looking forward, the European market for high-growth enterprises in this sector may experience increased consolidation and technological advancements. Key trends to watch include automation, green technology integration, and cross-border collaboration to leverage skills and resources across regions.
Top countries in Number of High Growth Enterprises in Installation of Industrial Machinery and Equipment by Country
| # | 9 Countries | Units (Enterprises) | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Italy | 330 | 2023 | +18.28% | +6.49% | View data |
| 2 | 2 Czech Republic | 85 | 2023 | +13.33% | +6.86% | View data |
| 3 | 3 Hungary | 76 | 2023 | +13.43% | +14.27% | View data |
| 4 | 4 Portugal | 38 | 2023 | +18.75% | +6.68% | View data |
| 5 | 5 Slovakia | 26 | 2023 | +13.04% | +3.4% | View data |
| 6 | 6 Lithuania | 10 | 2023 | +11.11% | +4.56% | View data |
| 7 | 7 Romania | 7 | 2023 | 0% | +6.96% | View data |
| 8 | 8 Latvia | 4 | 2023 | 0% | +14.87% | View data |
| 9 | 9 Norway | 1 | 2023 | 0% | View data |
