Slovakia Freight And Logistics Market Size

Slovakia Freight And Logistics Market Analysis

The Slovakia Freight And Logistics Market size is estimated at USD 3.02 billion in 2024, and is expected to reach USD 4.18 billion by 2029, growing at a CAGR of 7% during the forecast period (2024-2029).

Slovakia benefits from its location in the center of Europe which makes it an ideal regional hub for a transportation and logistics network. High industrial growth, based mainly on the automotive industry, combined with a qualified and cheap labor force have driven the expansion of the logistics industry in the country.

• Bratislava is the country's biggest logistics hub and is home to the main international airport. The majority of the exports from Slovakia are destined for the Eurozone, and thus, the country has well-integrated road and rail networks to ensure safe and efficient passage of the cargo.
• Slovak road freight transport is dynamic. Despite being a small country with a small economic size, the country's road sector ranks 12th in Europe with respect to total activity and 6th for international activity as the country benefits from its favorable geographical location. The Slovak government is also putting efforts to expand rail infrastructure in the country, including the construction of a new intermodal terminal and a global logistics and industrial park in the eastern city of Kosice.
• Automotive logistics is thriving in the country and the vehicles are distributed by multimodal transport, with around 50% currently being transported by rail. Slovakia is also attracting logistics investments by retailers.
• The total stock of the A-class industrial and logistics area represents 3,540,000 sqm. The overall vacancy rate in Slovakia increased to 3.52% at the end of 2022.