The truck market in Hungary demonstrated growth from 2013 to 2023, peaking at a value of 2154.0 million USD in 2023. Despite fluctuations, including a notable decline in 2020, overall year-over-year increases were observed in four of the last five years, highlighted by the 18.91% surge in 2021. The CAGR for the period was 3.85%, indicating steady growth.
Future trends to watch include the impact of technological advancements in trucking such as automation and electric vehicles, potential economic shifts affecting demand, and regulatory changes in the European transport sector that could influence market dynamics.
- Peak market size reached 2154 million USD in 2023.
- Notable fluctuations in growth, with a downturn in 2020.
- Steady growth over the last five years marked by a 3.85% CAGR.
- Future trends impacted by technological, economic, and regulatory changes.
| # | 31 Countries | US Dollars | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 France | 35,368,000,000 | 2023 | +1.82% | +0.71% | View data |
| 2 | 2 United Kingdom | 31,707,000,000 | 2023 | +1.38% | +1.29% | View data |
| 3 | 3 Brazil | 22,772,000,000 | 2023 | -1.5% | -2.03% | View data |
| 4 | 4 Japan | 19,967,000,000 | 2023 | -3.63% | -4.09% | View data |
| 5 | 5 Italy | 17,159,000,000 | 2023 | +0.39% | -0.99% | View data |
| 12 | 12 Denmark | 2,820,100,000 | 2023 | +1.57% | -0.071% | View data |
| 13 | 13 Portugal | 2,342,200,000 | 2023 | +1.36% | +0.12% | View data |
| 14 | 14 Hungary | 2,154,000,000 | 2023 | +3.47% | +3.85% | |
| 15 | 15 Guatemala | 2,078,500,000 | 2023 | +4.87% | +4.24% | View data |
| 16 | 16 Ecuador | 1,114,500,000 | 2023 | -6.65% | -6.12% | View data |
