Transportation in Hungary - New Market Research Report

From: Fast Market Research, Inc.
Published: Wed Jun 11 2014

value sales of transportation in Hungary declined by 6% in 2012, after significant growth of 7% in 2011. The decline in value sales of transportation was prompted by a value decline in air and growth of 4% in other transportation in 2012. Air was seriously affected by the bankruptcy of the main national air carrier, Malev Hungarian Airlines Rt, in February 2012. There was a decline of 5% in the number of people travelling by air in 2012; however this was compensated for by the rapid restructuring which took place in air after the ceasing of operations of Malev Hungarian Airlines Rt. While the airline capacity of schedule declined by 42% in 2012, airline capacity of low cost carriers grew by 51% while value sales of low cost carriers grew by 63%.

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Competitive Landscape

Malev Hungarian Airlines Rt, which, in 2011, was the leading player in air and which accounted for a retail value share of 46% of schedule, was liquidated in April 2012. This resulted in a large gap in air and in thorough restructuring in both schedule and low cost carriers. In 2007, after several attempts at privatisation and restructuring of its operations, Malev Hungarian Airlines Rt was sold to Russian-owned Airbridge. The new owner was unable to inject enough capital to save the company and by 2010 Malev Hungarian Airlines Rt was heavily in debt. Therefore, the government chose to re-nationalise the company in order to be allowed to invest in its restructuring; however, this also proved unsuccessful thus the company was forced to cease operations in 2012.

Industry Prospects

Transportation is expected to grow by a value CAGR of 4% over the forecast period, with both air and other transportation contributing to growth.

Report Overview

Discover the latest market trends and uncover sources of future market growth for the Transportation industry in Hungary with research from Euromonitor's team of in-country analysts.

Find hidden opportunities in the most current research data available, understand competitive threats with our detailed market analysis, and plan your corporate strategy with our expert qualitative analysis and growth projections.

If you're in the Transportation industry in Hungary, our research will save you time and money while empowering you to make informed, profitable decisions.

The Transportation in Hungary market research report includes:

* Analysis of key supply-side and demand trends
* Detailed segmentation
* Historic volumes and values, company and brand market shares
* Five year forecasts of market trends and market growth  
* Robust and transparent market research methodology, conducted in-country

Our market research reports answer questions such as:

* What is the market size of Transportation in Hungary?

About Fast Market Research

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