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Hungary Commercial Vehicle Industry Outlook 2024 - 2028

See how Hungary Commercial Vehicle performed compared to key markets such as the United States, Canada and Mexico.

Key Market Indicators

Hungarian commercial vehicle registrations are projected to decline slightly to approximately 142,600 units by 2028, down from around 144,400 units in 2023. This represents an average annual decrease of 0.2%. Despite this downturn, the Hungarian market has experienced significant growth since 2010, with an increase of 44.3% over the period. In 2023, Hungary ranked 25th in commercial vehicle registrations, with South Africa surpassing it with the same figure of 144,400 units. Leading the ranking were Canada, Mexico, and Argentina, taking the second, third, and fourth spots, respectively. Meanwhile, diesel truck sales are expected to grow modestly, reaching approximately $171.8 million by 2028 from $167.7 million in 2023. This translates to an average annual growth rate of 0.4%. The demand for diesel trucks has seen a slight annual decrease of 0.1% in recent years. In the global ranking for diesel truck sales, France, Italy, and Germany held the second, third, and fourth positions, respectively.

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Hungary Commercial Vehicle Market Data and Forecasts

What is the size of the Hungarian Commercial Vehicle Market in 2024?

Trucks Market Size Value in Hungary
Fork-Lift Trucks Market Size Value in Hungary
Diesel Trucks (Weighing 5-20 Tonnes) Market Size Value in Hungary
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How much will Hungary Commercial Vehicle Market grow to 2028?

Forecast: Trucks Market Size Value in Hungary
Forecast: Import of Trucks to Hungary
Forecast: Export of Trucks from Hungary
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