In 2023, Italy led the European countries with 58 young high growth enterprises (gazelles) in the repair and installation of machinery and equipment sector. Hungary followed with a year-on-year increase of 30.6%, reaching 19 enterprises. Portugal, Czech Republic, Romania, Norway, and Latvia maintained stable figures, while Lithuania and Slovakia saw declines of 5.59% and 12.94% respectively. Over the past five years, the compound annual growth rate (CAGR) suggests varying enterprise potential across these countries.
Future trends to watch for include:
- Potential growth in Hungary due to recent positive trends.
- Italy's leadership stability in the sector.
- Innovation and digitalization may drive increases in traditionally stable or declining markets.
Top countries in Number of Young High Growth Enterprises (Gazelles) in Repair and Installation of Machinery and Equipment by Country
| # | 9 Countries | Units (Enterprises) | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Italy | 58 | 2023 | +9.43% | +3.86% | View data |
| 2 | 2 Hungary | 19 | 2023 | +26.67% | +30.6% | View data |
| 3 | 3 Portugal | 12 | 2023 | +9.09% | 0% | View data |
| 4 | 4 Czech Republic | 8 | 2023 | +14.29% | 0% | View data |
| 5 | 5 Romania | 5 | 2023 | +25% | View data | |
| 6 | 6 Norway | 5 | 2023 | +25% | View data | |
| 7 | 7 Lithuania | 3 | 2023 | 0% | -5.59% | View data |
| 8 | 8 Latvia | 1 | 2023 | 0% | View data | |
| 9 | 9 Slovakia | 1 | 2023 | 0% | -12.94% | View data |
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