The market is dominated by foreign suppliers, as imports account for 96.7% of total market size in 2022. B2B drives market demand, with B2B spending representing 84.7% of total demand in 2022. Spain has the eighth largest market size for bearings, gears, and driving elements regionally, with demand reaching USD2.0 billion in 2022. Skf Española SA is the largest company in Spain, generating 10.3% of the industry’s total production value in 2022. The industry is fragmented, with the top five companies generating 19.5% of total production value in 2022. The total number of companies increases in 2022, to 177 units. The costs of the industry decrease by 3.9% in 2022, largely driven by declining B2B costs. The industry’s profitability decreases and stands at 11.0% of production value in 2022, the fifth highest regionally. The industry’s exports share increases in 2022 to 94.8% of total production output. With production value of USD1.1 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 Bearings, Gears, and Driving Elements in Spain: ISIC 2913. With this industrial report, you’ll be able to explore the industry from its sources of supply to its buyers. The Bearings, Gears, and Driving Elements in Spain: ISIC 2913 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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