The market is dominated by foreign suppliers, as imports account for 58.5% of total market size in 2022. B2B drives market demand, with B2B spending representing 91.9% of total demand in 2022. Spain has the fifth largest market size for electrical equipment for engines and vehicles regionally, with demand reaching USD7.8 billion in 2022. Magneti Marelli España SAU is the largest company in Spain, generating 14.8% of the industry’s total production value in 2022. The industry is concentrated, with the top five companies generating 59.8% of total production value in 2022. The total number of companies increases in 2022, to 308 units. The costs of the industry decrease by 7% in 2022, largely driven by declining B2B costs. The industry’s profitability increases and stands at 18.4% of production value in 2022, the sixth highest regionally. The industry’s exports share increases in 2022 to 39.3% of total production output. With production value of USD5.1 billion, Spain accounts for 6.9% of the Western Europe total in 2022.
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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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