The 2024 forecast indicates Hungary leads with 38 high-growth young enterprises in civil engineering, showing a strong growth trend with a 28.14% increase in 2023, suggesting robust entrepreneurial activity. Italy follows with 20 enterprises, though experiencing a slight decline of 0.97%. The Czech Republic shows significant dynamism with 31.95% growth, while Portugal and Slovakia demonstrate moderate but steady increases. Romania and Lithuania experienced notable growth rates at 18.47% and 3.93% respectively. Latvia's growth is commendable at 24.57%, and Norway remains stable. Over the past years, Hungary and the Czech Republic have shown remarkable growth trajectories.
Future trends to watch include potential expansion in Eastern European countries due to supportive government policies and EU funding. Additionally, the stability in more developed markets like Norway suggests opportunities for innovations and collaborations.
Top countries in Number of Young High Growth Enterprises (Gazelles) in Civil Engineering by Country
| # | 9 Countries | Units (Enterprises) | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Hungary | 38 | 2023 | +8.57% | +28.14% | View data |
| 2 | 2 Italy | 20 | 2023 | +5.26% | -0.97% | View data |
| 3 | 3 Czech Republic | 12 | 2023 | +20% | +31.95% | View data |
| 4 | 4 Portugal | 9 | 2023 | +12.5% | +3.71% | View data |
| 5 | 5 Romania | 7 | 2023 | 0% | +18.47% | View data |
| 6 | 6 Lithuania | 7 | 2023 | +16.67% | +3.93% | View data |
| 7 | 7 Latvia | 6 | 2023 | 0% | +24.57% | View data |
| 8 | 8 Slovakia | 4 | 2023 | 0% | +14.87% | View data |
| 9 | 9 Norway | 3 | 2023 | 0% | 0% | View data |
