Hungary Freight and Logistics Market - Growth, Trends, COVID-19 Impact, and Forecasts (2021 - 2026)

The Freight and Logistics market in Hungary is segmented by Function (Freight Transport, Freight Forwarding, Warehousing, Courier, Express, and Parcel, Value-added Services, Cold Chain Logistics, Last Mile Logistics, Return Logistics, and Other Emerging Areas) and by End-User (Construction, Oil & Gas and Quarrying, Agriculture, Fishing, and Forestry, Manufacturing & Automotive, Distributive Trade, Others (Pharmaceutical and Healthcare)).

Market Snapshot

CAGR
Study Period: 2016 - 2026
Base Year: 2020
CAGR: 6 %

Need a report that reflects how COVID-19 has impacted this market and its growth?

Market Overview

The Hungary freight and logistics market has been on a constant rise since the past few years and is expected to grow at a CAGR of around 6% in the coming years. The net turnover of the logistics service providers in Hungary of around HUF 3,400 billion, accounts for nearly 5% of the total net turnover of the national economy. Currently, there are 40,000 logistics companies in Hungary, of which a significant part are small and medium-sized enterprises. The Hungarian logistics sector employs 259 thousand people, which is around 6.5% of the total employment on the countries labor force. The Logistics sector accounts for 6.3% of the Hungarian gross domestic product.

Scope of the Report

Hungary freight and logistics market report provides insights on the market like Market Overview, Market Dynamics, Technology Innovation and its Impact, Impact of Ecommerce Growth on the Market, Impact of Regulations on Logistics Sector, Industry Attractiveness - Porter's Five Forces Analysis, Insights on Cross-Border Trade and Insights on Logistics Infrastructure Development in Hungary.

It also provides a comprehensive analysis of the segmentation by Function (Freight Transport, Freight Forwarding, Warehousing, Courier, Express, and Parcel, Value-added Services, Cold Chain Logistics, Last Mile Logistics, Return Logistics, and Other Emerging Areas) and by End-User (Construction, Oil & Gas and Quarrying, Agriculture, Fishing, and Forestry, Manufacturing & Automotive, Distributive Trade, Others (Pharmaceutical and Healthcare)).

Furthermore, the report also provides company profiles with leading market players to understand the competitive landscape of the market.

Report scope can be customized per your requirements. Click here.

Key Market Trends

Trans-European Transport Network & Infrastructure in Hungary

Due to its geographical position, Hungary occupies a central position in Europe. The country is crossed by four Trans-European Transport Corridors (TEN-T), each reaching the capital. Hungary currently has four fully operational Rail Freight Corridors: Orient-East Med, Mediterranean, Amber and Rhine Danube. It is also located at the intersection of two European Rail Traffic Management System (ERTMS) lines. Therefore, the country is acting as a ferry linking the European Union with the rest of Europe from the south (Serbia) and the north-east (Ukraine). This makes Hungary one of the most important transport hubs, providing easy access to all parts of Europe: by rail, road, air and water transport.

Over the Years, government has made huge investments to all modes of transport (rail, road, air, water) in order to develop them to the most efficient level of functioning. Further, the Hungarian government has budgeted to spend HUF 3,200 billion on road development and HUF 1,500 billion on railway development by 2022. So, for next few years extraordinary developments are expected on the entire Hungarian road and rail network.

key T 1 Hungary.png

Shift towards Intermodal Freight Transport

In Hungary currently the most utilized mode of transporting goods is through Roadways. If about 10-20% of long-distance road freight traffic would be shifted to rail and waterway transport, the environmental burden of public roads could be reduced by tens of billions of forints (HUF). There are more than 500,000 heavy goods vehicles on the roads of Budapest and within 70 km of the city every year. About 5% to 10% of this traffic could be potential business partner for rail intermodal freight transport, which would mean intermodal transport of up to 25,000 to 50,000 heavy goods trailer per year. In order to facilitate this shift from road to rail and waterways many improvements have been initiated by the Hungarian Government. The road, rail and waterway partnerships have been upgraded, allowing carriers to save costs and to compensate the significant driver shortage. Also new industrial parks, larger warehouses and logistics centers are being encouraged to build rail links.

Hungary is establishing a logistics base in the port of Trieste, Italy, on an area of 32 hectares. This will allow companies to reach the Hungarian sea exit by road or rail within 24 hours. The country has also undertaken projects to establish intermodal hubs within the framework of the National Intermodal Container Terminal Network.

Key T 2 Hungary.png

Competitive Landscape

The industry is quite fragmented with many players existing in the freight and logistics market. The Hungarian logistics industry is undergoing significant developments in the field of both indoor and transport logistics, thus creating new market opportunities for existing players in the market. The initiatives taken by the government to develop the logistics market in Hungary is further motivating new players to enter the market. Some of the existing major players in the market include – APL, Austromar, Cargill, CEVA, db Schenker, JFC, KTI, Logwin, Nec Logistics, Raben, Rhenus and Yusen.

Table of Contents

  1. 1. INTRODUCTION

    1. 1.1 Study Assumptions and Market Definition

    2. 1.2 Scope of the Study

  2. 2. RESEARCH METHODOLOGY

  3. 3. EXECUTIVE SUMMARY

  4. 4. MARKET INSIGHTS AND DYNAMICS

    1. 4.1 Market Overview

    2. 4.2 Market Dynamics

      1. 4.2.1 Drivers

      2. 4.2.2 Restraints

      3. 4.2.3 Opportunities

    3. 4.3 Technology Innovation and its Impact

    4. 4.4 Impact of Ecommerce Growth on the Market

    5. 4.5 Impact of Regulations on Logistics Sector

    6. 4.6 Industry Attractiveness - Porter's Five Forces Analysis

    7. 4.7 Insights on Cross-Border Trade

    8. 4.8 Insights on Logistics Infrastructure Development in Hungary

  5. 5. MARKET SEGMENTATION

    1. 5.1 By Function

      1. 5.1.1 Freight Transport

      2. 5.1.2 Road

      3. 5.1.3 Rail

      4. 5.1.4 Sea and Inland

      5. 5.1.5 Air

      6. 5.1.6 Freight Forwarding

      7. 5.1.7 Warehousing

      8. 5.1.8 Courier, Express, and Parcel

      9. 5.1.9 Value-added Services

      10. 5.1.10 Cold Chain Logistics, Last Mile Logistics, Return Logistics, and Other Emerging Areas

    2. 5.2 By End-User

      1. 5.2.1 Construction

      2. 5.2.2 Oil & Gas and Quarrying

      3. 5.2.3 Agriculture, Fishing, and Forestry

      4. 5.2.4 Manufacturing & Automotive

      5. 5.2.5 Distributive Trade

      6. 5.2.6 Others (Pharmaceutical and Healthcare)

  6. 6. COMPETITIVE LANDSCAPE

    1. 6.1 Overview (Market Concentration and Major Players)

    2. 6.2 Company Profiles

      1. 6.2.1 APL

      2. 6.2.2 Austromar

      3. 6.2.3 Cargill

      4. 6.2.4 CEVA

      5. 6.2.5 db Schenker

      6. 6.2.6 JFC

      7. 6.2.7 KTI

      8. 6.2.8 Logwin

      9. 6.2.9 Nec Logistics

      10. 6.2.10 Raben

      11. 6.2.11 Rhenus

      12. 6.2.12 Yusen*

    3. *List Not Exhaustive
  7. 7. APPENDIX

    1. 7.1 GDP Distribution, by Activity

    2. 7.2 Insights on Capital Flows in the Market

    3. 7.3 Economic Statistics - Transport and Storage Sector Contribution to Economy

    4. 7.4 External Trade Statistics - Export and Import, by Product

  8. 8. DISCLAIMER

You can also purchase parts of this report. Do you want to check out a section wise price list?

Frequently Asked Questions

The Hungary Freight and Logistics Market market is studied from 2016 - 2026.

The Hungary Freight and Logistics Market is growing at a CAGR of 6% over the next 5 years.

APL, Austromar, Cargill, CEVA, db Schenker, JFC, KTI, Logwin, Nec Logistics, Raben, Rhenus, Yusen are the major companies operating in Hungary Freight and Logistics Market.

80% of our clients seek made-to-order reports. How do you want us to tailor yours?

Please enter a valid email id!

Please enter a valid message!