The Spain material handling market is projected to grow at a CAGR of 3.58% over the forecast period, increasing from US$2.574 billion in 2021 to US$3.292 billion by 2028.
The increasing investment in the construction industry is expected to propel the demand for material handling equipment in the country. New facilities are being developed by major companies in Spain as they see the increasing potential of material-handling equipment usage. The increase in material handling equipment demand can also be attributed to increased warehouse and logistics in the country. The increased penetration of e-commerce along with a rise in several warehouses in the country are providing an edge for market growth of material handling equipment in Spain.
Increasing Investment in Construction Industry
The increased investment in research and development (R&D) to increase the construction industry in Spain is one of the reasons providing an edge to the material handling market. According to the latest data published by the Ministry of Public Works, in 2022, the construction of new non-residential projects jumped 21% compared to 2021. Also, as per the same source building renovation rose to 12.8%. The increasing construction activities in the country are providing an edge for market growth of this material handling equipment.
Increasing Government Support
The construction industry is anticipated to be fueled by various government initiatives in the country. For instance, in October 2022, the Spanish government increased its infrastructure investment by 7% compared to the previous year. The current draft by the government indicated EUR 11.749 billion to be invested in developing the infrastructure of the country. The increasing infrastructure comes with an increasing demand for material handling equipment so that raw materials and other products can be transported. Such large-scale projects need machines that can help make their work easy and hence material handling equipment market is expected to be used more in the projected period.
Expanding Manufacturing Sector
The Spain material handling market has experienced notable growth, driven by the increasing demand for specialized end-of-arm robotic tooling systems and part-handling solutions. As exemplified by BILSING AUTOMATION, a prominent Spanish company in this domain, the market's expansion can be attributed to its focus on the development, design, and manufacturing of Cold Sheet Forming EOAT, Hot Sheet Forming EOAT, Body Shop EOAT, Plastics EOAT, and other innovative solutions. This growth factor is further amplified by the company's expertise in EOAT Commissioning, Field Service, Engineering, Simulation, and Optimization for Press Lines, which cater to diverse industries such as automotive, appliance, and others. The automotive sector, in particular, benefits significantly from BILSING AUTOMATION's offerings, as OEMs and Tier Suppliers with metal production operations seek efficient solutions for hot forming, stamping, assembly, and plastic part production.
Rising Industrial Sector
The rise in industrial sector turnover in both 2019 and 2021 undeniably signals a period of heightened economic activity and notable expansion within the manufacturing industries. As a direct consequence, the demand for material handling solutions has surged, calling for efficient and advanced equipment and systems to optimize various aspects of production processes, supply chain management, and overall operational efficiency. This substantial growth in turnover unequivocally emphasizes the urgent need for robust material handling solutions to cater to the burgeoning requirements of the industry.
Major Market Player
Key Market Developments
| Report Metric | Details |
|---|---|
| Study Period | 2021 to 2031 |
| Historical Data | 2021 to 2024 |
| Base Year | 2025 |
| Forecast Period | 2026 – 2031 |
| Report Metric | Details |
| Market Size Value in 2021 | US$2.574 billion |
| Market Size Value in 2028 | US$3.292 billion |
| Growth Rate | CAGR of 3.58% from 2021 to 2028 |
| Base Year | 2021 |
| Forecast Period | 2023 – 2028 |
| Forecast Unit (Value) | USD Billion |
| Segments Covered | Power, Application, and Industry Vertical |
| Companies Covered | Thyssenkrupp Elevator AG, Mitsubishi Logisnext Europe SA, Liebherr Industrias Metálicas SA, Orona Holding SA, FEM-AEM, Bosch Rexroth, Toyota Material Handling, Rulmeca, ULMA Handling Systems, TGW Logistics Group GmbH |
| Customization Scope | Free report customization with purchase |
Segmentation: