Market Size of Hungary Road Freight Transport Industry
| 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
*Disclaimer: Major Players sorted in no particular order |
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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.
