Hungary 3PL Market Size
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| Market Size (2024) | USD 2.38 Billion |
| Market Size (2029) | USD 2.91 Billion |
| CAGR (2024 - 2029) | 4.08 % |
| Market Concentration | Medium |
Major Players
*Disclaimer: Major Players sorted in no particular order |
Hungary 3PL Market Analysis
The Hungary Third Party Logistics Market size is estimated at USD 2.38 billion in 2024, and is expected to reach USD 2.91 billion by 2029, at a CAGR of 4.08% during the forecast period (2024-2029).
Hungary's third-party logistics (3PL) market is strategically positioned between Western and Eastern Europe, solidifying its status as a regional logistics hub. With infrastructure upgrades, particularly in road and rail networks, Hungary plays a pivotal role in cross-border trade and regional supply chain operations. As of March 2024, warehouse storage costs have risen by 0.5% year-over-year, driving an annual increase in demand for warehousing. This rise in storage cost is expected to drive the growth of Hungary 3PL market, as businesses seek more cost-effictive and scalable warehousing solutions to meet rising demand.
Significant milestones include TEVA Pharmaceutical's automated warehouse in Debrecen and PEPCO's expansive distribution centers in Gyal on July 2023, catering to numerous stores across Europe. To support industrial growth, Hungary is increasingly adopting high-tech logistics solutions.
Moreover, in 2024, Hungary's 3PL sector is embracing digitalization and sustainable practices. There's a notable shift towards tracking technologies, containerization, and energy-efficient transport methods. While freight remains dominant due to its flexibility, investments in container handling and tracking systems are enhancing logistics capabilities.
Hungary 3PL Market Trends
Digitalization and Automation in 3PL Operations
As of 2023, warehouse owners are increasingly adopting 3PL automation to address ongoing challenges such as low storage density and excessive dependence on manual labor. This technology is working in tandem with ground labor, efficiently streamlining operations to better manage increasing workloads. Businesses are facing intensified competition, rising customer expectations, capacity constraints, technological disruptions, talent shortages, and global economic shifts. As a result, they are recognizing 3PL automation as vital for staying competitive and efficient.
3PL automation is enhancing crucial warehouse operations, from receiving and storage to picking, packing, and shipping. These automated systems are surpassing traditional methods in both efficiency and speed. Providers are establishing consistent processes through 3PL warehouse automation, effortlessly meeting service level agreements (SLAs). Software-driven automation is intelligently prioritizing tasks, boosting visibility, and catering to specialized requirements. This is leading to reduced manual errors and shorter delays. With routine tasks automated, workers are concentrating on more complex, value-added activities.
Moreover, 3PL automation is greatly reducing human errors in record-keeping, ensuring precise inventory management. These automated systems are enhancing order fulfillment accuracy and stock management through diligent inventory tracking. To elevate operational efficiency and curtail manual errors throughout the supply chain, businesses are gravitating towards essential 3PL automation solutions. These solutions encompass segments like Warehouse Management and Control Systems (WMS/WCS), Picking and Packing Robots, Sorter and Conveyor Belts, and Automated Storage and Retrieval Systems (AS/RS).
In conclusion, the rapid adoption of 3PL automation is transforming warehouse operations, making them more efficient and reliable. As businesses continue to face various market pressures, the integration of these advanced systems is proving to be a crucial strategy for maintaining competitiveness and achieving operational excellence.
Emphasis on Sustainability and Green Logistics
Hungary's 3PL market is prioritizing sustainability, with providers increasingly adopting eco-friendly practices. In line with the EU's broader sustainability goals, many logistics providers in Hungary are implementing extensive carbon reduction initiatives. These efforts encompass utilizing renewable energy sources like solar and wind, alongside significant investments in electric vehicle (EV) fleets. By shifting to EVs, companies aim to cut down both their carbon footprint and fuel-related operational costs. Such measures not only diminish carbon emissions but also cater to the growing customer demand for sustainable logistics, as noted in 2023 as per an industry data. Moreover, providers are integrating energy-efficient warehousing solutions, including LED lighting and advanced insulation, to bolster their sustainability endeavors.
The EU's stringent sustainability regulations are also nudging Hungarian 3PL firms to delve into reverse logistics and circular economy models. Reverse logistics entails transporting goods back from their final destination to the manufacturer for reuse, recycling, or disposal, aiding in waste reduction and value recovery. On the other hand, circular economy models emphasize designing products and systems for longevity, reuse, and recycling, thus lessening environmental impact. Both strategies aim to curtail waste and enhance recycling efforts. These shifts align with the global push towards green logistics and are expected to evolve as Hungary's 3PL market aligns with environmental standards. Furthermore, companies are channeling resources into training programs, educating their workforce on sustainable practices and environmental regulation compliance, ensuring a comprehensive approach to sustainability.
In conclusion, Hungary's 3PL market is actively embracing sustainability through various innovative practices. By adopting renewable energy, investing in EV fleets, and exploring reverse logistics and circular economy models, the market is not only reducing its environmental impact but also meeting the increasing demand for green logistics solutions. As these trends continue to develop, Hungary's 3PL sector is poised to become a leader in sustainable logistics within the EU.
Hungary 3PL Industry Overview
The Hungarian 3PL market comprises a fair number of local and international players, including Gartner, Duvenbeck, and DHL Supply Chains.
Hungary's road network has undergone significant development and investment over the past fifteen years. The volume of goods transported by road is steadily increasing. Containerization in the country made fast, programmed handling and classifying of goods easy and quick. Europe's main distribution corridor, the 'blue banana' (a discontinuous passage of urbanization spreading over Western and Central Europe), is constantly growing. As per Eurostat, demand for goods traffic will increase significantly by 2050.
Hungary 3PL Market Leaders
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Gartner Intertrans Hungaria
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Duvenbeck Logisztikai
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UPS Healthcare Hungary Zrt.
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DSV Hunga¡ria
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DHL Global
*Disclaimer: Major Players sorted in no particular order
Hungary 3PL Market News
- November 2024: DHL Global unveiled new automated warehouses and broadened its value-added logistics services to cater to the surging demands of e-commerce and pharmaceuticals. This initiative boosts DHL's regional capacity and solidifies its position in Hungary's expanding 3PL market.
- July 2024: DSV Hungary expanded its warehousing capacity near Budapest, marking a significant move. The newly established facility is dedicated to managing automatic and e-commerce logistics, both of which are rapidly growing segments in Hungary. This expansion underscores DSV's strategy to bolster its foothold in Central and Eastern Europe, catering to the rising demand for integrated supply chain solutions.
Hungary Third Party Logistics (3PL) Market Report - Table of Contents
1. INTRODUCTION
1.1 Study Deliverables
1.2 Study Assumptions
1.3 Scope of the Study
2. RESEARCH METHODOLOGY
2.1 Analysis Methodology
2.2 Research Phases
3. EXECUTIVE SUMMARY
4. MARKET DYNAMICS AND INSIGHTS
4.1 Current Market Scenario
4.2 Market Dynamics
4.2.1 Drivers
4.2.1.1 Adoption of AI-Powered Freight Solutions
4.2.1.2 Rising Cross-Border Parcel Volumes
4.2.2 Restraints
4.2.2.1 Fragmented Logistics Infrastructure
4.2.2.2 Customer Compliance Complexities
4.2.3 Opportunities
4.2.3.1 Expansion through Air Freight Partnerships
4.3 Industry Attractiveness - Porter's Five Forces Analysis
4.3.1 Threat of New Entrants
4.3.2 Bargaining Power of Buyers/Consumers
4.3.3 Bargaining Power of Suppliers
4.3.4 Threat of Substitute Products
4.3.5 Intensity of Competitive Rivalry
4.4 Value Chain / Supply Chain Analysis
4.5 Industry Policies and Regulations
4.6 General Trends in Warehousing Market
4.7 Demand From Other Segments, such as CEP, Last Mile Delivery, Cold Chain Logistics Etc.
4.8 Insights on E-commerce Business
4.9 Technological Developments in the Logistics Sector
5. MARKET SEGMENTATION
5.1 By Services
5.1.1 Domestic Transportation Management
5.1.2 International Transportation Management
5.1.3 Value-added Warehousing and Distribution
5.2 By End-User
5.2.1 Automobile & Manufacturing
5.2.2 Oil & Gas and Chemicals
5.2.3 Construction
5.2.4 Distributive Trade (Wholesale and Retail trade including e-commerce)
5.2.5 Pharma & Healthcare
5.2.6 Others
6. COMPETITIVE LANDSCAPE
6.1 Market Concentration Overview
6.2 Company Profiles
6.2.1 Gartner Intertrans Hungaria
6.2.2 Duvenbeck Logisztikai
6.2.3 UPS Healthcare Hungary Zrt.
6.2.4 DSV Hungaria
6.2.5 DHL Global
6.2.6 Liegl & Dachser
6.2.7 DB Schenker
6.2.8 TNT Express Hungary Kft.
6.2.9 Ekol Logistics
6.2.10 Waberers International
6.2.11 Hunland Trans
6.2.12 Raben Trans European Hungary
6.2.13 Fiege
6.2.14 Karzol - Trans*
- *List Not Exhaustive
6.3 Other Companies
7. FUTURE OF THE MARKET
8. APPENDIX
8.1 Macroeconomic Indicators (GDP Distribution, by Activity, Contribution of Transport and Storage Sector to economy)
8.2 External Trade Statistics - Exports and Imports, by Product
8.3 Insights into Key Export Destinations and Import Origin Countries
Hungary 3PL Industry Segmentation
Third-party logistics companies provide services that have to do with the logistics of the supply chain. This includes transportation, warehousing, picking and packing, inventory forecasting, order fulfillment, packaging, and freight forwarding.
A 3PL (third-party logistics) provider offers outsourced logistics services, which encompass the management of one or more facets of procurement and fulfillment activities. In business, 3PL has a broad meaning that applies to any service contract that involves storing or shipping items. A 3PL service may be a single provider, such as transportation or warehouse storage, or a systemwide bundle of services capable of handling supply chain management.
A comprehensive background analysis of the Hungary 3PL Market covers current market trends, restraints, technological updates, and detailed information on various segments and the industry's competitive landscape.
The Hungary Third- Party Logistics (3PL) market is segmented by type (Domestic Transportation Management, International Transportation Management, and Value-added Warehousing and Distribution) and by end-users (Manufacturing & Automotive, Oil & Gas and Chemicals, Distributive Trade (Wholesale and Retail trade including e-commerce), Pharma & Healthcare, Construction, and other end-users). The report offers the market size and forecast in value (USD) for all the above segments.
| By Services | |
| Domestic Transportation Management | |
| International Transportation Management | |
| Value-added Warehousing and Distribution |
| By End-User | |
| Automobile & Manufacturing | |
| Oil & Gas and Chemicals | |
| Construction | |
| Distributive Trade (Wholesale and Retail trade including e-commerce) | |
| Pharma & Healthcare | |
| Others |
Hungary Third Party Logistics (3PL) Market Research Faqs
How big is the Hungary Third Party Logistics Market?
The Hungary Third Party Logistics Market size is expected to reach USD 2.38 billion in 2024 and grow at a CAGR of 4.08% to reach USD 2.91 billion by 2029.
What is the current Hungary Third Party Logistics Market size?
In 2024, the Hungary Third Party Logistics Market size is expected to reach USD 2.38 billion.
Who are the key players in Hungary Third Party Logistics Market?
Gartner Intertrans Hungaria, Duvenbeck Logisztikai, UPS Healthcare Hungary Zrt., DSV Hunga¡ria and DHL Global are the major companies operating in the Hungary Third Party Logistics Market.
What years does this Hungary Third Party Logistics Market cover, and what was the market size in 2023?
In 2023, the Hungary Third Party Logistics Market size was estimated at USD 2.28 billion. The report covers the Hungary Third Party Logistics Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the Hungary Third Party Logistics Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029.
Hungary Third Party Logistics (3PL) Industry Report
Statistics for the 2024 Hungary 3PL market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. Hungary 3PL analysis includes a market forecast outlook 2029 and historical overview. Get a sample of this industry analysis as a free report PDF download.
