The market is dominated by domestic suppliers, as imports account for 31.5% of total market size in 2022. Investments drive market demand, with investments representing 59.3% of total demand in 2022. Spain has the fourth largest market size for lifting and handling equipment regionally, with demand reaching USD8.0 billion in 2022. Zardoya Otis SA is the largest company in Spain, generating 13.1% of the industry’s total production value in 2022. The industry is fragmented, with the top five companies generating 27.4% of total production value in 2022. The total number of companies increases in 2022, to 754 units. The costs of the industry decrease by 6.2% in 2022, largely driven by declining B2B costs. The industry’s profitability decreases and stands at 18.4% of production value in 2022, the fourth highest regionally. The industry’s exports share increases in 2022 to 30.0% of total production output. With production value of USD6.4 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 Lifting and Handling Equipment in Spain: ISIC 2915. With this industrial report, you’ll be able to explore the industry from its sources of supply to its buyers. The Lifting and Handling Equipment in Spain: ISIC 2915 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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