The market is dominated by foreign suppliers, as imports account for 67.1% of total market size in 2023. Households drive market demand, with household spending representing 40.4% of total demand in 2023. Spain has the sixth largest market size for motor vehicles and parts regionally, with demand reaching USD76.1 billion in 2023. Seat SA - Sociedade Hispânica de Automóveis is the largest company in Spain, generating 19.2% of the industry’s total production value in 2023. The industry is concentrated, with the top five companies generating 55.7% of total production value in 2023. The total number of companies increases in 2023, to 1,803 units. The costs of the industry increase by 33.1% in 2023, largely driven by rising B2B costs. The industry’s profitability increases and stands at 12.3% of production value in 2023, the fourth highest regionally. The industry’s exports share decreases in 2023 to 80.1% of total production output. With production value of USD97.9 billion, Spain accounts for 8.8% of the Western Europe total in 2023.
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This Euromonitor industrial report provides unique information on Motor Vehicles and Parts in Spain: ISIC 34. With this industrial report, you’ll be able to explore the industry from its sources of supply to its buyers. The Motor Vehicles and Parts in Spain: ISIC 34 report includes: Industry datagraphics including production data, exports, imports, cost structure, and profitability
This is the aggregation of aircraft and spacecraft, motors vehicles, trailers and semi-trailers, motocycles, bicycles and other transport equipment, railway and tramway locomotives and rolling stock, and ships and boats.
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