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Hungary Road Freight Transport Market Size (2024 - 2029)

The Hungary Road Freight Transport Market is projected to experience modest growth over the forecast period, driven by its extensive and well-developed road infrastructure, which is a key factor in freight movement within the country. Despite the challenges faced, such as a significant decline in market share within the EU and the impact of the coronavirus pandemic on transportation volumes, the market's capacity and infrastructure continue to support its operations. The domestic market has shown resilience in certain sectors, although international traffic has faced more substantial declines.

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Market Size of Hungary Road Freight Transport Industry

cagr_hungaryroad
Study Period 2020 - 2029
Base Year For Estimation 2023
Market Size (2024) USD 4.72 Billion
Market Size (2029) USD 4.95 Billion
CAGR (2024 - 2029) 0.99 %
Market Concentration Low

Major Players

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*Disclaimer: Major Players sorted in no particular order

Hungary Road Freight Transport Market Analysis

The Hungary Road Freight Transport Market size is estimated at USD 4.72 billion in 2024, and is expected to reach USD 4.95 billion by 2029, growing at a CAGR of 0.99% during the forecast period (2024-2029).

Road transport is the largest contributor of freight movement in Hungary supported by well-developed infrastructure. The country has one of the dense road networks in the Central and Eastern European (CEE) region.

The market share of Hungarian road hauliers in the EU market has dropped significantly in the last five years. Despite the increase in number of hauliers by around 10% and number of vehicles by around 20% in the past five years, the EU market share of road hauliers has fallen from 4.63% to 3.7%.

According to an industrial survey, the transportation sector in the country is estimated to have experienced 10-30 percent decline in Apr 2020 due to coronavirus pandemic.

In domestic road traffic, sales of food, medicine and consumer goods did not fall significantly, however, due to the almost complete shutdown of automotive companies and the shutdown of most other industrial companies, the rate of decline was expected to be around 20%. International road traffic is expected to witness more decline - around 25-30% during the month.

Hungary Road Freight Transport Industry Segmentation

A complete background analysis of the Hungarian road freight transport market, which includes an assessment of the economy and contribution of sectors in the economy, market overview, market size estimation for key segments, and emerging trends in the market segments, market dynamics, and logistics spending by the end-user industries, is covered in the report. The report also covers the impact of COVID - 19 on the market.

By Destination
Domestic
International/Cross-border
By End User
Manufacturing (Including Automotive)
Oil and Gas, Mining, and Quarrying
Agriculture, Fishing, and Forestry
Construction
Distributive Trade (wholesale and retail trade)
Pharmaceutical and Healthcare
Other End Users (Telecommunications, etc.)
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Hungary Road Freight Transport Market Size Summary

The Hungary road freight transport market is a significant component of the country's logistics and transportation sector, driven by a well-developed road infrastructure and a dense network of roads. This sector is crucial for the movement of goods within Hungary and across borders, with domestic road freight volumes showing steady growth despite some fluctuations. Key industries such as industrial manufacturing, automotive, construction, and e-commerce play a vital role in shaping the domestic road freight landscape. The automotive industry, in particular, is a major driver of road freight transport, contributing significantly to the country's GDP and exports. The presence of international car manufacturers and substantial investments in the automotive sector further bolster the demand for road freight services.

Despite the competitive and fragmented nature of the Hungarian road freight market, with numerous international and domestic players, the sector faces challenges such as increasing operating costs, particularly for small and medium-sized enterprises (SMEs). While larger companies like DHL and Waberer's International dominate the market, SMEs play a crucial role as subcontractors. The market has seen a decline in the EU market share of Hungarian road hauliers, even as the number of hauliers and vehicles has increased. The sector is also experiencing a push towards digitization and technological advancements, with medium and large companies adopting IoT solutions to enhance efficiency. However, SMEs often struggle with capital constraints, hindering their ability to keep pace with these developments.

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Hungary Road Freight Transport Market Size - Table of Contents

  1. 1. MARKET INSIGHTS

    1. 1.1 Current Market Scenario

    2. 1.2 Technological Trends

    3. 1.3 Government Regulations and Initiatives

    4. 1.4 Value Chain/Supply Chain Analysis

    5. 1.5 Spotlight on Freight Rates

    6. 1.6 Commentary on Operating Costs (share of fuel costs, wages, vehicle maintenance, etc. and their trends)

    7. 1.7 Demand and Supply Analysis (Trucks, Drivers, Labor, etc.)

    8. 1.8 Insights on Intermodal/Container Utilization in Trucking

    9. 1.9 Brief on Other Segments, such as CEP, Last Mile Delivery, Cold Chain Logistics

    10. 1.10 Impact of Covid-19 on the Market

  2. 2. MARKET SEGMENTATION

    1. 2.1 By Destination

      1. 2.1.1 Domestic

      2. 2.1.2 International/Cross-border

    2. 2.2 By End User

      1. 2.2.1 Manufacturing (Including Automotive)

      2. 2.2.2 Oil and Gas, Mining, and Quarrying

      3. 2.2.3 Agriculture, Fishing, and Forestry

      4. 2.2.4 Construction

      5. 2.2.5 Distributive Trade (wholesale and retail trade)

      6. 2.2.6 Pharmaceutical and Healthcare

      7. 2.2.7 Other End Users (Telecommunications, etc.)

Hungary Road Freight Transport Market Size FAQs

The Hungary Road Freight Transport Market size is expected to reach USD 4.72 billion in 2024 and grow at a CAGR of 0.99% to reach USD 4.95 billion by 2029.

In 2024, the Hungary Road Freight Transport Market size is expected to reach USD 4.72 billion.

Hungary Road Freight Transport Market Report Snapshots

Hungary Road Freight Transport Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)