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Freight Road Transport in Hungary - Market Size, Industry Analysis, Trends and Forecasts (2024-2029)

HU-H4923 April 2024 Factsheet

Revenue

€7.0bn

2019-2024 4.9 %
2024-2029 X.X %

Employees

77,335

2019-2024 1.3 %
2024-2029 X.X %

Businesses

24,156

2019-2024 9.2 %
2024-2029 X.X %

Wages

€X.Xbn

2019-2024 X.X %
2024-2029 X.X %

Freight Road Transport in Hungary market size outlook

Total value and annual change from from 2014-2029. Includes 5-year outlook.

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About Factsheets

Industry Statistics and Rankings

How does this industry perform in Hungary compared to Europe?

Country Benchmarking

Industry Data Hungary

Ranking are out of 37 European countries for which IBISWorld provides country-level factsheets.

Revenue
#16 In Europe
Business
#12 In Europe
Employees
#14 In Europe
Wages
#18 In Europe

The Freight Road Transport in Hungary ranks 16 in Europe with regards to its 2024 revenue (€7.0bn). Revenue received by operators in Hungary has been low in volatility over the past five-year period, with the average annual change in revenue (4.9 %) most comparable to...

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Enterprises
Number of businesses in 2024

Revenue per Enterprise
Value (€ Million) in 2024

Top Questions Answered in this Report

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What is the market size of the Freight Road Transport industry in Hungary in 2024?

The market size of the Freight Road Transport industry in Hungary is €7.0bn in 2024.

How many businesses are there in the Freight Road Transport in Hungary industry in 2024?

There are 24,156 businesses in the Freight Road Transport industry in Hungary, which has grown at a CAGR of 9.2 % between 2019 and 2024.

Has the Freight Road Transport industry in Hungary grown or declined over the past 5 years?

The market size of the Freight Road Transport industry in Hungary has been declining at a CAGR of 4.9 % between 2019 and 2024.

What is the forecast growth of the Freight Road Transport industry in Hungary over the next 5 years?

Over the next five years, the Freight Road Transport industry in Hungary is expected to grow.

What does the Freight Road Transport in Hungary include?

National transport and International loaded and unloaded transport are part of the Freight Road Transport industry.

How competitive is the Freight Road Transport industry in Hungary?

The level of competition is high and steady in the Freight Road Transport industry in Hungary.

Related Industries

This industry is covered in 37 countries

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Table of Contents

About this industry

Industry definition

Companies in this industry transport freight by road. The industry includes haulage of goods in bulk, including food products, beverages and tobacco, timber, automobiles, refrigerated goods, heavy machinery, liquids and waste materials.

What's included in this industry?

National transportInternational loaded and unloaded transportCross trade transport and cabotage

Industry Code

ISIC 2006

4923 - Freight transport by road in Hungary

Performance

Revenue Highlights

Trends
  • Revenue
  • 2024 Revenue Growth
  • Revenue Volatility

Employment Highlights

Trends
  • Employees
  • Employees per Business
  • Revenue per Employee

Business Highlights

Trends
  • Businesses
  • Employees per Business
  • Revenue per Business

Current Performance

Charts
  • Revenue in the Freight Road Transport in Hungary
  • Employees in the Freight Road Transport in Hungary
  • Business in the Freight Road Transport in Hungary
  • Profit in the Freight Road Transport in Hungary

Current Performance

Analysis

How does this country's performance compare to Europe?


Life Cycle

Charts
  • Industry Life Cycle Matrix

Products and Markets

Highlights

Trends
  • Largest Market
  • Product Innovation

International Trade

Heat maps
  • Industry Concentration of Imports by Country
  • Industry Concentration of Exports by Country

Competitive Forces

Highlights

Trends
  • Concentration
  • Competition
  • Barriers to Entry
  • Substitutes
  • Buyer Power
  • Supplier Power
ANALYSIS

What is the competitive landscape in Europe?

External Environment

Highlights

Trends
  • Regulation & Policy
  • Assistance

Key Takeaways

Lorry drivers must comply with EU Regulation 561/2006. This regulation lays down rules on driving times, breaks and rest periods for drivers of lorries, coaches and buses to improve working conditions and road safety. Increasingly stringent emission regulations will impact diesel vehicles.

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External Drivers

Analysis

What demographic and macroeconomic factors impact the Freight Road Transport in Hungary industry?

Financial Benchmarks

Highlights

Trends
  • Profit Margin
  • Average Wage
  • Largest Cost

Key Takeaways

Volatile fuel prices cause purchase costs to soar. Over 2022, the world price of crude oil jumped by almost 40%, pushing up fuel prices and purchase costs. Some companies charge their clients input costs and an additional management fee to protect profitability.

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Cost Structure

Charts
  • Share of Economy vs. Investment Matrix
  • Industry Cost Structure Benchmarks:
    • Marketing
    • Depreciation
    • Profit
    • Purchases
    • Wages
    • Rent
    • Utilities
    • Other
Analysis

What trends impact cost in the Freight Road Transport in Hungary industry?


Key Ratios

Data tables
  • IVA/Revenue (2014-2029)
  • Imports/Demand (2014-2029)
  • Exports/Revenue (2014-2029)
  • Revenue per Employee (2014-2029)
  • Wages/Revenue (2014-2029)
  • Employees per Establishment (2014-2029)
  • Average Wage (2014-2029)

Country Benchmarks

European Leaders & Laggards

Data Tables

Top and boottom five countries listed for each:

  • Revenue Growth (2024)
  • Business Growth (2024)
  • Job Growth (2024)

European Country Performance

Data Tables

Rankings available for 37 countries. Statistics ranked include:

  • IVA/Revenue (2024)
  • Imports/Demand (2024)
  • Exports/Revenue (2024)
  • Revenue per Employee (2024)
  • Wages/Revenue (2024)
  • Employees per Establishment (2024)
  • Average Wage (2024)

Structural Comparison

Data Tables

Trends in 37 countries benchmarked against trends in Europe

  • Concentration
  • Competition
  • Barriers to Entry
  • Buyer Power
  • Supplier Power
  • Volatility
  • Capital Intensity
  • Innovation
  • Life Cycle

Key Statistics

Industry Data

Data Tables

Including values and annual change:

  • Revenue (2014-2029)
  • IVA (2014-2029)
  • Establishments (2014-2029)
  • Enterprises (2014-2029)
  • Employment (2014-2029)
  • Exports (2014-2029)
  • Imports (2014-2029)
  • Wages (2014-2029)

Methodology

Where does IBISWorld source its data?

IBISWorld is a world-leading provider of business information, with reports on 5,000+ industries in Australia, New Zealand, North America, Europe and China. Our expert industry analysts start with official, verified and publicly available sources of data to build an accurate picture of each industry.

Each industry report incorporates data and research from government databases, industry-specific sources, industry contacts, and IBISWorld's proprietary database of statistics and analysis to provide balanced, independent and accurate insights. 

IBISWorld prides itself on being a trusted, independent source of data, with over 50 years of experience building and maintaining rich datasets and forecasting tools.

To learn more about specific data sources used by IBISWorld's analysts globally, including how industry data forecasts are produced, visit our Help Center.