Hungary Road Freight TransportCompanies (2024 - 2029)

Hungary Road Freight Transport Market Companies Summary

The Hungarian road freight market is highly competitive and fragmented, with a large number of international and domestic entities participating. A substantial portion of these entities are small and medium-sized enterprises, which, while they may account for a smaller share of direct orders, play a crucial role as subcontractors. The medium and large road freight transport firms in the country are increasingly looking to adopt digital technology and IoT, though smaller firms often lag behind in this area due to a lack of capital. The industry faces challenges, particularly in relation to increasing operating costs, which are especially felt by small and medium enterprises. Despite these challenges, the sector has seen growth in recent years, largely driven by the strong automotive industry in the country. Many firms are engaged in automotive transportation, with international car manufacturers seeing significant expansion opportunities in Hungary. This is due to a combination of factors including relatively low wages, good infrastructure, and substantial public subsidies offered by the government.