Automotive Market in Hungary
The automotive industry is one of Hungary’s core industries, generating almost 21% of the country’s total exports. More than 600 companies employing a total of 100,000 people are active in the sector. Four large automotive Original Equipment Manufacturers (OEMs) have production facilities in the country: Suzuki, Audi, Opel, and Daimler.
Overview
In recent years, there has been a strong focus on innovation, as well as research and development in the automotive industry. The investment value in the constantly evolving transport equipment manufacturing industry reached an all-time high in 2022, at 613 billion forints.
Popular Car Brands
According to Statista, the most popular car brands in Hungary in 2019, by number of cars, were:
1. Opel: 496,793 registered vehicles.
2. Suzuki: 431,432 registered vehicles.
3. Volkswagen: 371,791 registered vehicles.
4. Ford: 315,108 registered vehicles.
5. Renault: 222,825 registered vehicles.
6. Skoda: 206,360 registered vehicles.
7. Toyota: 201,601 registered vehicles.
8. Peugeot: 144,263 registered vehicles.
9. Fiat: 127,118 registered vehicles.
10. BMW: 125,650 registered vehicles.
Opel was Hungary's most popular car brand in 2019, with nearly 500 thousand registered vehicles in the country. Suzuki followed it with over 431 thousand cars.
Volkswagen, Ford, and Renault were also among Hungary's top five most popular car brands, with over 200 thousand registered vehicles each. Skoda, Toyota, Peugeot, Fiat, and BMW complete the list of the top ten most popular car brands in Hungary.
Auto Shows in Hungary
There are several auto shows in Hungary. One of the most significant events is the Auto, Motor & Tuning Show (AMTS), which is Hungary’s main automotive event and is held annually in Budapest. The show features more than 1,000 unique vehicles from all segments of the car industry, including cars, trucks, and motorcycles.
The event also includes several separate thematic events, such as the Tuning International car tuning and hifi show, the Show and Shine and DB Drag Competition, and the Adrenalin Gymkhana & Drift Championship. The next AMTS is scheduled to take place from March 22 to March 24, 2024.
Another significant event is the Automotive Hungary International Automotive Supplier Exhibition, which is held annually in Budapest. The event showcases the latest industrial and automotive developments and trends and is attended by thousands of visitors from around the world.
Overall, automotive production is one of the main pillars of Hungary’s manufacturing sector. In 2022, the number of passenger cars produced in Hungary was 415,000 units. It is expected to continue its growth in the coming future. Be a part of the development by transforming your car. Reach out to our Hungarian distributor and get started at https://teckwrap-autofolia.hu.
HUNGARY WRAP INSTALLERS
