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Motor Vehicle Manufacturing in Spain - Market Size, Industry Analysis, Trends and Forecasts (2024-2029)

ES-C291 August 2024 Factsheet

Revenue

€54.6bn

2019-2024 1.5 %
2024-2029 X.X %

Employees

78,305

2019-2024 1.8 %
2024-2029 X.X %

Businesses

96

2019-2024 3.0 %
2024-2029 X.X %

Wages

€X.Xbn

2019-2024 X.X %
2024-2029 X.X %

Motor Vehicle Manufacturing in Spain market size outlook

Total value and annual change from from 2014-2029. Includes 5-year outlook.

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About Factsheets

Industry Statistics and Rankings

How does this industry perform in Spain compared to Europe?

Country Benchmarking

Industry Data Spain

Ranking are out of 37 European countries for which IBISWorld provides country-level factsheets.

Revenue
#4 In Europe
Business
#9 In Europe
Employees
#5 In Europe
Wages
#5 In Europe

View industry report for Europe

European car production is greatly affected by household income and consumer confidence, which dictates private sales at dealerships, which accounts for most sales. The level of business confidence and expansion plans influence fleet sales and orders from road freight operators. Industry revenue in Europe is forecast to drop at a compound annual rate of 5.1% to €987.8 billion over the five years through 2024, including a 2% dip in 2024.

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Enterprises
Number of businesses in 2024

Biggest companies in the Motor Vehicle Manufacturing in Spain

Company
Market Share (%)
2024
Revenue (€m)
2024
Profit (€m)
2024
Profit Margin (%)
2024

There are no companies that hold a large enough market share in the Motor Vehicle Manufacturing in Spain industry for IBISWorld to include in this product.

Top Questions Answered in this Report

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What is the market size of the Motor Vehicle Manufacturing industry in Spain in 2024?

The market size of the Motor Vehicle Manufacturing industry in Spain is €54.6bn in 2024.

How many businesses are there in the Motor Vehicle Manufacturing in Spain industry in 2024?

There are 96 businesses in the Motor Vehicle Manufacturing industry in Spain, which has declined at a CAGR of 3.0 % between 2019 and 2024.

Has the Motor Vehicle Manufacturing industry in Spain grown or declined over the past 5 years?

The market size of the Motor Vehicle Manufacturing industry in Spain has been declining at a CAGR of 1.5 % between 2019 and 2024.

What is the forecast growth of the Motor Vehicle Manufacturing industry in Spain over the next 5 years?

Over the next five years, the Motor Vehicle Manufacturing industry in Spain is expected to grow.

What does the Motor Vehicle Manufacturing in Spain include?

Passenger cars and Vans and minivans are part of the Motor Vehicle Manufacturing industry.

How competitive is the Motor Vehicle Manufacturing industry in Spain?

The level of competition is high and steady in the Motor Vehicle Manufacturing industry in Spain.

Related Industries

This industry is covered in 37 countries

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Table of Contents

About this industry

Industry definition

Companies manufacture passenger cars, commercial vehicles, trailers, semi-trailers, buses and coaches. The industry also includes the production of chassis for motor vehicle engines and the rebuilding of motor vehicle engines.

Related Terms

Trailers Electric Cars PowertrainSport Utility Vehicle Alternatively Fuelled Vehicles

What's included in this industry?

Passenger carsVans and minivans Trailers and Semi-Trailers Motor vehicle engines Buses and coaches Lorries Motor vehicle chassis

Companies

Industry Code

ISIC 2006

291 - Manufacture of motor vehicles in Spain

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Performance

Revenue Highlights

Trends
  • Revenue
  • 2024 Revenue Growth
  • Revenue Volatility

Employment Highlights

Trends
  • Employees
  • Employees per Business
  • Revenue per Employee

Business Highlights

Trends
  • Businesses
  • Employees per Business
  • Revenue per Business

Profit Highlights

Trends
  • Total Profit
  • Profit Margin
  • Profit per Business

Current Performance

Charts
  • Revenue
  • Employees
  • Business
  • Profit
Analysis

What's driving current industry performance in the Motor Vehicle Manufacturing in Spain industry?


Outlook

Analysis

What's driving the Motor Vehicle Manufacturing in Spain industry outlook?


Volatility

Analysis

What influences volatility in the Motor Vehicle Manufacturing in Spain industry?

Charts
  • Industry Volatility vs. Revenue Growth Matrix

Life Cycle

Analysis

What determines the industry life cycle stage in the Motor Vehicle Manufacturing in Spain industry?

Charts
  • Industry Life Cycle Matrix

Products and Markets

Highlights

Trends
  • Largest Market
  • Product Innovation

Key Takeaways

Petrol and diesel cars dominate production for now. The car manufacturing industry is changing, with car giants like Volkswagen AG and Mercedes Benz starting to move away from fossil fuel powered cars due to incoming environmental laws.

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Products and Services

Charts
  • Products and Services Segmentation
Analysis

How are the Motor Vehicle Manufacturing in Spain industry's products and services performing?

Analysis

What are innovations in the Motor Vehicle Manufacturing in Spain industry's products and services?


Major Markets

Charts
  • Major Market Segmentation
Analysis

What influences demand in the Motor Vehicle Manufacturing in Spain industry?


International Trade

Highlights

  • Total Imports into Spain
  • Total Exports into Spain
Heat maps
  • Industry Concentration of Imports by Country
  • Industry Concentration of Exports by Country
Data Tables

Value and annual change (%) included

  • Number of Imports and Exports by European Country (2024)

Competitive Forces

Highlights

Trends
  • Concentration
  • Competition
  • Barriers to Entry
  • Substitutes
  • Buyer Power
  • Supplier Power

Key Takeaways

Large multinationals dominate European car production. Concentration is moderate because large players like Volkswagen and Jaguar Land Rover have a huge chunk of the market.

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Supply Chain

Charts

Buyer and supply industries

Geographic Breakdown

Business Locations

Heat maps
  • Share of Total Industry Establishments by Region (2024)
Data Tables
  • Number of Establishments by Region (2024)
Charts
  • Share of Establishments vs. Population of Each Region
Analysis

What regions are businesses in the Motor Vehicle Manufacturing in Spain located?

Companies

Data Tables

Top 0 companies by market share:

  • Market share (2024)
  • Revenue (2024)
  • Profit (2024)
  • Profit margin (2024)

External Environment

Highlights

Trends
  • Regulation & Policy
  • Assistance

Key Takeaways

Car makers must comply with heavy regulations at the national and European levels. All new cars must pass strict health and safety checks as well as real-world driving tests harmonised for most European countries.

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External Drivers

Analysis

What demographic and macroeconomic factors impact the Motor Vehicle Manufacturing in Spain industry?

Financial Benchmarks

Highlights

Trends
  • Profit Margin
  • Average Wage
  • Largest Cost

Key Takeaways

High steel prices ratchet up purchase costs. Semiconductor shortages and higher steel prices mean manufacturers have had to contend with higher purchase costs, which has hit industry profitability.

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Cost Structure

Charts
  • Share of Economy vs. Investment Matrix
  • Industry Cost Structure Benchmarks:
    • Marketing
    • Depreciation
    • Profit
    • Purchases
    • Wages
    • Rent
    • Utilities
    • Other
Analysis

What trends impact cost in the Motor Vehicle Manufacturing in Spain industry?


Key Ratios

Data tables
  • IVA/Revenue (2014-2029)
  • Imports/Demand (2014-2029)
  • Exports/Revenue (2014-2029)
  • Revenue per Employee (2014-2029)
  • Wages/Revenue (2014-2029)
  • Employees per Establishment (2014-2029)
  • Average Wage (2014-2029)

Country Benchmarks

European Leaders & Laggards

Data Tables

Top and boottom five countries listed for each:

  • Revenue Growth (2024)
  • Business Growth (2024)
  • Job Growth (2024)

European Country Performance

Data Tables

Rankings available for 37 countries. Statistics ranked include:

  • IVA/Revenue (2024)
  • Imports/Demand (2024)
  • Exports/Revenue (2024)
  • Revenue per Employee (2024)
  • Wages/Revenue (2024)
  • Employees per Establishment (2024)
  • Average Wage (2024)

Structural Comparison

Data Tables

Trends in 37 countries benchmarked against trends in Europe

  • Concentration
  • Competition
  • Barriers to Entry
  • Buyer Power
  • Supplier Power
  • Volatility
  • Capital Intensity
  • Innovation
  • Life Cycle

Key Statistics

Industry Data

Data Tables

Including values and annual change:

  • Revenue (2014-2029)
  • IVA (2014-2029)
  • Establishments (2014-2029)
  • Enterprises (2014-2029)
  • Employment (2014-2029)
  • Exports (2014-2029)
  • Imports (2014-2029)
  • Wages (2014-2029)

Methodology

Where does IBISWorld source its data?

IBISWorld is a world-leading provider of business information, with reports on 5,000+ industries in Australia, New Zealand, North America, Europe and China. Our expert industry analysts start with official, verified and publicly available sources of data to build an accurate picture of each industry.

Each industry report incorporates data and research from government databases, industry-specific sources, industry contacts, and IBISWorld's proprietary database of statistics and analysis to provide balanced, independent and accurate insights. 

IBISWorld prides itself on being a trusted, independent source of data, with over 50 years of experience building and maintaining rich datasets and forecasting tools.

To learn more about specific data sources used by IBISWorld's analysts globally, including how industry data forecasts are produced, visit our Help Center.