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Slovakia Freight And Logistics - Market Share Analysis, Industry Trends & Statistics, Growth Forecasts 2020 - 2029

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  • 150 Pages
  • February 2024
  • Region: Slovakia
  • Mordor Intelligence
  • ID: 5529933
The Slovakia Freight And Logistics Market size is estimated at USD 3.02 billion in 2024, and is expected to reach USD 4.18 billion by 2029, growing at a CAGR of more than 6.74% during the forecast period (2024-2029).

Slovakia benefits from its location in the center of Europe which makes it an ideal regional hub for a transportation and logistics network. High industrial growth, based mainly on the automotive industry, combined with a qualified and cheap labor force have driven the the logistics industry in the country.

Key Highlights

  • Bratislava is the country's biggest logistics hub and is home to the main international airport. The majority of the exports from Slovakia are destined for the Eurozone, and thus, the country has well-integrated road and rail networks to ensure safe and efficient passage of the cargo.
  • Slovak road freight transport is dynamic. Despite being a small country with a small economic size, the country's road sector ranks 12th in Europe with respect to total activity and 6th for international activity as the country benefits from its favorable geographical location. The Slovak government is also putting efforts to expand rail infrastructure in the country, including the construction of a new intermodal terminal and a global logistics and industrial park in the eastern city of Kosice.
  • Automotive logistics is thriving in the country and the vehicles are distributed by multimodal transport, with around 50% currently being transported by rail. Slovakia is also attracting logistics investments by retailers.
  • The total stock of the A-class industrial and logistics area represents 3,540,000 sqm. The overall vacancy rate in Slovakia increased to 3.52% at the end of 2022.

Slovakia Freight And Logistics Market Trends

Warehousing Growth in Slovakia

Logistics operators and automotive producers remain the main drivers of demand for warehousing spaces in Slovakia. The country is witnessing increased demand from current players who are looking for expansion and new companies looking for new premises.

Owing to the increasing demand for logistics facilities in the country, Slovakia is also going to open a major warehouse park "Mountpark" which will be designed to serve as a major logistics centre and warehouse accommodation that will benefit from the skilled and educated labour force. It will be located close to major manufacturing facilities, Bratislava International Airport, and the city centre, and will establish easy connections to the Czech Republic, Hungary, and Austria.

There are 2,262 Warehousing & Storage in Slovakia businesses as of 2023, an increase of 10.5% from 2022.

Increasing Demand for Logistics Services from Automotive Industry

Slovakia's automotive industry is very integral to its logistics industry. Companies like Volkswagen and Audi have plants in Bratislava, PSA Peugeot Citroen has plants in Trnava, Kia Motors is based in Zilina. Volkswagen, PSA, Kia, and Jaguar Land Rover (JLR) together with their tier one and tier two suppliers generate nearly 44% of the country's total industrial production and 40% of its exports, worth USD 29.1 billion per year.

The automotive industry accounted for 47.7 per cent of the sales of the entire Slovak industry and almost 43 per cent of the country's total exports. There are more than 350 automotive suppliers in Slovakia accounting for the vast majority (89%) of direct jobs across the industry.

Slovakia Motor Vehicle Production was reported at 1,000,000.000 Unit in Dec 2022. This records a decrease from the previous number of 1,030,000.000 Unit for Dec 2021. Slovakia Motor Vehicle Production data is updated yearly, averaging 573,423.500 Unit from Dec 1997 to 2022, with 26 observations.

In Slovakia's finished vehicle logistics industry, one of the most important trends is a shift from trucks to rail which is intended to reduce emissions. Logistics providers are taking advantage of government investment in infrastructure and using rail to cut emissions. Nearly half of the wagons from Slovakia are transported by rail either to final destinations or ports. Since Slovakia is a land-locked country, manufactured vehicles are transported by trains and trucks.

Slovakia Freight And Logistics Industry Overview

The Slovakia freight and logistics market is highly competitive with the presence of many local and international players. Companies operating in Slovakia face moderate risk in relation to transporting their goods to and from the country. The use of advanced technologies in logistics is providing opportunities to players for streamlining their business logistics processes and increase their logistics capability. The growth in e-commerce is also providing opportunities for major international freight services and industrial players.

Additional Benefits:

  • The market estimate (ME) sheet in Excel format
  • 3 months of analyst support

This product will be delivered within 2 business days.

Table of Contents

1.1 Study Deliverables
1.2 Study Assumptions
1.3 Scope of the Study
4.1 Market Overview
4.2 Market Drivers
4.2.1 Digitalization and Supply Chain Integration
4.2.2 Continued investments in transportation infrastructure
4.3 Market Restraints
4.3.1 High cost of operation and competitive pricing
4.4 Market Oppurtunites
4.4.1 Increasing demand for real-time visibility and transparency in the supply chain
4.5 Industry Value Chain Analysis
4.6 Porters Five Force Analysis
4.6.1 Threat of New Entrants
4.6.2 Bargaining Power of Buyers/Consumers
4.6.3 Bargaining Power of Suppliers
4.6.4 Threat of Substitute Products
4.6.5 Intensity of Competitive Rivalry
4.7 Insights on Technological Trends in the Market
4.8 Insights on Ecommerce Industry
4.9 Government Regulations and Initiatives
4.10 Brief on Freight Rates
4.11 Impact of COVID 19 on the market
5.1 By Function
5.1.1 Freight Transport Road Inland Water Air Rail
5.1.2 Freight Forwarding
5.1.3 Warehousing
5.1.4 Value Added Services and Other Functions
5.2 By End User
5.2.1 Manufacturing and Automotive
5.2.2 Oil and Gas, Mining and Quarrying
5.2.3 Agriculture,Fishing and Forestry
5.2.4 Construction
5.2.5 Distributive Trade (Wholesale and Retail Segments- FMCG Included)
5.2.6 Healthcare and Pharmaceuticals
5.2.7 Other End Users
6.1 Overview (Market Concentration, Major Players)
6.2 Company Profiles
6.2.1 Kuehne Nagel Slovakia
6.2.2 Agility
6.2.3 DachSer
6.2.4 CEVA
6.2.5 FedEX
6.2.6 DPDHL
6.2.7 Budamar Logistics
6.2.8 GEFCO Slovakia
6.2.9 STD Donivo
6.2.10 Sped Trans Levice
6.2.11 HAVI Logistics
6.2.12 METRANS
6.2.13 Express Group
6.2.14 Toptrans
6.2.15 DuvenBeck Slovensko
6.2.16 Dalitrans
6.2.17 Glovis Slovakia
6.2.18 QuehenBerger Logistics*
7 Market Opportunities and Future Trends
8 Appendix
8.1 GDP Distribution, by Activity
8.2 Insights on Capital Flows
8.3 Economic Statistics -Transport and Storage Sector, Contribution to Economy
8.4 External Trade Statistics - Export and Import, by Product
8.5 Insights on Key Export Destinations
8.6 Insights on Key Import Origin Countries