The European construction sector for roads and railways showcases significant variation in the number of high growth enterprises among countries. In 2023, Hungary leads with 1.03 thousand enterprises, experiencing a substantial growth of 56.3%, highlighting its rapidly expanding market. Italy, with 0.374 thousand enterprises, also saw a positive increase of 12.67%. Romania reported an outstanding rise of 53.62% with 0.154 thousand enterprises. The trend in the Czech Republic and Latvia indicated moderate growth, whereas Portugal, Lithuania, Slovakia, Norway, and Iceland showed minimal increments, with Norway and Iceland at the lower spectrum.
Future trends to watch in this sector include:
- Potentially increasing investments in infrastructure development driven by government policies and EU funding.
- Advancements in technology that improve efficiency could foster more high growth enterprises.
- The ongoing transition towards sustainable construction practices might alter market dynamics and growth patterns across different countries.
Top countries in Number of High Growth Enterprises in Construction of Roads and Railways by Country
| # | 10 Countries | Units (Enterprises) | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Hungary | 1,030 | 2023 | +37.72% | +56.3% | View data |
| 2 | 2 Italy | 374 | 2023 | +7.16% | +12.67% | View data |
| 3 | 3 Romania | 154 | 2023 | +14.07% | +53.62% | View data |
| 4 | 4 Czech Republic | 112 | 2023 | +1.82% | +13.68% | View data |
| 5 | 5 Latvia | 83 | 2023 | +20.29% | +24.28% | View data |
| 6 | 6 Portugal | 76 | 2023 | +15.15% | +7.89% | View data |
| 7 | 7 Lithuania | 72 | 2023 | +16.13% | +16.19% | View data |
| 8 | 8 Slovakia | 32 | 2023 | +10.34% | +5.06% | View data |
| 9 | 9 Norway | 20 | 2023 | +11.11% | +1.03% | View data |
| 10 | 10 Iceland | 7 | 2023 | 0% | +6.96% | View data |
