The market is dominated by foreign suppliers, as imports account for 62.4% of total market size in 2022. Investments drive market demand, with investments representing 59.9% of total demand in 2022. Spain has the fourth largest market size for agricultural and forestry machinery regionally, with demand reaching USD3.9 billion in 2022. John Deere Ibérica SA is the largest company in Spain, generating 52.5% of the industry’s total production value in 2022. The industry is concentrated, with the top five companies generating 59.9% of total production value in 2022. The total number of companies increases in 2022, to 801 units. The costs of the industry increase by 2.3% in 2022, largely driven by rising B2B costs. The industry’s profitability increases and stands at 25.3% of production value in 2022, the highest regionally. The industry’s exports share decreases in 2022 to 32.7% of total production output. With production value of USD1.5 billion, Spain accounts for 2.4% of the Western Europe total in 2022.
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This Euromonitor industrial report provides unique information on Agricultural and Forestry Machinery in Spain: ISIC 2921. With this industrial report, you’ll be able to explore the industry from its sources of supply to its buyers. The Agricultural and Forestry Machinery in Spain: ISIC 2921 report includes: Industry datagraphics including production data, exports, imports, cost structure, and profitability
This is the aggregation of general purpose machinery and special purpose machinery.
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