The Market Insights Reports has added a new statistical data to its repository titled as, Hungary Freight And Logistics Market. It provides the industry overview with market growth analysis with a historical & futuristic perspective for the following parameters; cost, revenue, demands, and supply data (as applicable). Furthermore, the report also sheds light on recent developments and technological platforms, in addition to distinctive tools, and methodologies that will help to propel the performance of industries.
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.
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Top Key Players in the Hungary Freight And Logistics Market are APL, Austromar, Cargill, CEVA, db Schenker, JFC, KTI, Logwin, Nec Logistics, Raben, Rhenus and Yusen, and others.
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.
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.
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Highlights of TOC:
Market Overview: It starts with product overview and scope of the Hungary Freight And Logistics market and later gives consumption and production growth rate comparisons by application and product respectively. It also includes a glimpse of the regional study and Freight And Logistics market size analysis for the review period 2015-2025.
Company Profiles: Each company profiled in the report is assessed for its market growth keeping in view vital factors such as price, Freight And Logistics market gross margin, revenue, production, markets served, main business, product specifications, applications, and introduction, areas served, and production sites.
Manufacturing Cost Analysis: It includes industrial chain analysis, manufacturing process analysis, the proportion of manufacturing cost structure, and the analysis of key raw materials.
Market Dynamics: Readers are provided with a comprehensive analysis of Freight And Logistics market challenges, influence factors, drivers, opportunities, and trends.
Market Forecast: Here, the Freight And Logistics report provides consumption forecast by application, price, revenue, and production forecast by product, consumption forecast by region, production forecast by region, and production and revenue forecast.
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MarketInsightsReports provides syndicated market research on industry verticals including Healthcare, Information and Communication Technology (ICT), Technology and Media, Chemicals, Materials, Energy, Heavy Industry, etc. MarketInsightsReports provides Hungary and regional market intelligence coverage, a 360-degree market view which includes statistical forecasts, competitive landscape, detailed segmentation, key trends, and strategic recommendations.
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