The market is dominated by foreign suppliers, as imports account for 62.1% of total market size in 2023. B2B drives market demand, with B2B spending representing 92.2% of total demand in 2023. Spain has the fifth largest market size for electrical equipment for engines and vehicles regionally, with demand reaching USD7.8 billion in 2023. Magneti Marelli España SAU is the largest company in Spain, generating 13.7% of the industry’s total production value in 2023. The industry is concentrated, with the top five companies generating 55.1% of total production value in 2023. The total number of companies decreases in 2023, to 291 units. The costs of the industry increase by 3.9% in 2023, largely driven by rising B2B costs. The industry’s profitability decreases and stands at 16.7% of production value in 2023, the seventh highest regionally. The industry’s exports share decreases in 2023 to 45.3% of total production output. With production value of USD5.2 billion, Spain accounts for 6.3% of the Western Europe total in 2023.
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This Euromonitor industrial report provides unique information on Electrical Equipment for Engines and Vehicles in Spain: ISIC 319. With this industrial report, you’ll be able to explore the industry from its sources of supply to its buyers. The Electrical Equipment for Engines and Vehicles in Spain: ISIC 319 report includes: Industry datagraphics including production data, exports, imports, cost structure, and profitability
This is the aggregation of electricity generation, distribution and storage equipment, computers, office machinery and communications equipment, and medical and precision equipment.
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