New Transportation research report from Business Monitor International is now available from Fast Market Research
[ClickPress, Fri Feb 20 2015] Czech Republic's freight transport sector will continue growth in 2015 in line with the country's improving economic outlook, following a year in which BMI believes saw increases in volumes across the whole sector.
Total trade is projected to continue picking up in real terms, with our Country Risk desk forecasting a year-on-year (y-o-y) increase of 3.94% in 2015, following an estimated growth of 8.08% in 2014.
Road freight is continues dominating the sector and is projected to grow by 2% in 2015. To the end of our forecast period to 2019, we expect the sector to defy the European Union (EU) pledges of a decrease in road haulage across the region. That is not to say, however, that road freight's market share is completely safe.
BMI notes that rail is the likeliest candidate in Hungary's freight transport mix to benefit from any diversification away from road, after the government of Hungary decided to construct a 113km railroad to reduce freight transit times across the country from the present four to five days to one day by 2018.
Full Report Details at
Headline Industry Data
* 2015 Air freight is expected to grow by 3.8%
* 2015 Rail freight is forecast to grow by 2.1%
* 2015 Road freight is forecast to grow by 2.5%
* 2015 Inland waterway freight is forecast to grow by 1.9%
* 2015 Total real trade growth is forecast at 3.9%.
Key Industry Trends
Waberer's International Expands Fleet - Investments in Hungary's road freight continue, further supporting our forecast of growth, with the latest move coming in the form of a major road haulage market player purchasing 120 new Mercedes-Benz Actros trucks to expand and renew its fleet. The contract follows the acquisition of 1,000 new DAF CF and XF trucks announced in September 2014.
Risks to Outlook
Risks to our real GDP forecasts and freight operators' volumes in Hungary are weighted to the downside, and stem from ongoing weakness in eurozone macroeconomic data and unresolved regional geopolitical tensions. Weaker than forecast eurozone...
The Hungary Freight Transport Report has been researched at source, and features latest-available data covering commercial transport and logistics by road, rail, air and water; industry forecasts, company rankings covering leading national and multinational operators; and analysis of latest industry trends, opportunities, projects and regulatory changes.
Business Monitor International (BMI)'s Hungary Freight Transport Report provides industry professionals and strategists, sector analysts, investors, trade associations and regulatory bodies with independent forecasts and competitive intelligence on the Hungarian freight transport and logistics industry.
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