Hungary Third- Party Logistics (3PL) Market - Growth, Trends, Forecasts (2020 - 2025)

Hungary Third- Party Logistics (3PL) Market - Growth, Trends, Forecasts (2020 - 2025)

The Hungarian 3PL market is expected to exhibit a growth rate of over 3% during the forecast period 20202025. The Hungarian logistics market comprises of one of the largest thirdparty logistics service providers offering sophisticated services, consistent flexibility, complete reliability, highly competitive prices and stable and consistent growth.

The growth in the market is expected to be driven by the increasing demand for services at industrial parks, logistic centres and supply chain management. The country, with its unique central position in Europe, crossed by four PanEuropean Transport Corridors (TENT), the relatively low price level in the logistics market and substantial modern warehouse capacity in the surrounding of the capital is becoming a regional distribution centre for industries like automobile and pharmaceutical.

Key Market Trends

Growth in the Demand for Warehousing Sector

Warehousing sector is developing vigorously in order to accommodate production requirements in the country. Manufacturers are increasingly demanding innovative solutions in warehousing and inventory management.

Largescale new investments are being made in the Hungarian automotive industry, mainly in the areas of electromobility. With the launch of Samsung SDI (Storage battery manufacturing company) and SK Innovations (Petroleum refining company), the construction of the Hungarian plant of the Japanese GY Yuasa (manufacturer and supplier batteries, power supply systems, lighting equipment and other specialities electrical equipment) has begun. By the end of 2020, Hungary is expected to be Europe's largest battery manufacturer. These factors altogether are leading to growth in the demand for warehousing space in the country.

Among recent developments, TEVA Pharmaceutical Industries Ltd. has established a fully automated and dynamic warehouse in Debrecen. The Polish electric power supplying company PEPCO began an investment for setting up a 100,000 square meter distribution center with a greenfield investment in Gyál, serving more than 600 stores across Europe. The facility will be equipped with technologies. SEG Automotive has set up a logistics centre in Miskolc equipped among others with stateoftheart innovations including indoor GPS tracking which is the largest coherent logistics center in the region. The total capacity of the warehouse is 18,035 pallets.

Growth in the Chemical Sector in Hungary

The chemical industry is the secondlargest contributor to Hungary’s economy after automobile production, accounting for more than 14% of gross domestic product (GDP) every year since 2012. Many companies have started investing in expanding their production and storage capacities in order to meet the increasing demand of the construction sector for building materials, construction chemicals and insulation materials. The rubber and tire industry is also an important branch of the Hungarian chemical industry. The plastics and plastics processing industry is experiencing a major pickup largely due to growing demand from the automotive industry as well as the construction sector. These products require the logistics industry to provide specialized transportation services that includes temperature controlled logistics, containerized and bulky transportation.

Competitive Landscape

The Hungarian 3PL market comprises of a fair number of local as well as international players including Gartner, Duvenbeck and DHL Supply Chains.

Hungary's road network has undergone significant development and investment over the past fifteen years. The volume of goods transported by road is steadily increasing. Containerisation in the country, made fast, programmed handling and classification of goods easy and quick. Europe's main distribution corridor, the 'blue banana' (a discontinuous corridor of urbanisation spreading over Western and Central Europe), is constantly growing. As per Eurostat, demand for goods traffic is expected to significantly increase by 2050.

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1.1 Study Deliverables
1.2 Study Assumptions
1.3 Scope of the Study
2.1 Analysis Methodology
2.2 Research Phases
4.1 Current Market Scenario
4.2 Market Dynamics
4.2.1 Drivers
4.2.2 Restraints
4.2.3 Opportunities
4.3 Value Chain / Supply Chain Analysis
4.4 Industry Policies and Regulations
4.5 General Trends in Warehousing Market
4.6 Demand From Other Segments, such as CEP, Last Mile Delivery, Cold Chain Logistics Etc.
4.7 Insights on Ecommerce Business
4.8 Technological Developments in the Logistics Sector
4.9 Industry Attractiveness - Porter's Five Forces Analysis
5.1 By Services
5.1.1 Domestic Transportation Management
5.1.2 International Transportation Management
5.1.3 Value-added Warehousing and Distribution
5.2 By End-User
5.2.1 Automobile & Manufacturing
5.2.2 Chemicals & Healthcare
5.2.3 Construction
5.2.4 Distributive Trade
5.2.5 Others
6.1 Market Concentration Overview
6.2 Company Profiles
6.2.2 DUVENBECK Logisztikai
6.2.3 UPS Healthcare Hungary Zrt.
6.2.4 DSV Hungária
6.2.5 DHL Globál
6.2.7 Schenker Nemzetközi
6.2.8 TNT Express Hungary Kft.
6.2.9 Ekol Logistics
6.2.11 Hunland Trans
6.2.12 Raben Trans European Hungary
6.2.13 FIEGE Szállítmányozási
8.1 Macroeconomic Indicators (GDP Distribution, by Activity, Contribution of Transport and Storage Sector to economy)
8.2 External Trade Statistics - Exports and Imports, by Product
8.3 Insights into Key Export Destinations and Import Origin Countries

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