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Spain Freight and Logistics Market Size

The Spain Freight and Logistics Market is projected to experience growth over the forecast period, driven by significant investments in infrastructure and sustainability initiatives. The country's commitment to enhancing its domestic logistics network is evident through substantial funding for road maintenance, which is expected to boost the road freight transport sector. Additionally, Spain's maritime industry is actively participating in global decarbonization efforts, with major investments in green fuel production. These developments are integral to the expansion of the market's scale and scope, reflecting Spain's strategic focus on sustainability and infrastructure enhancement.

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Market Size of spain freight and logistics Industry

Spain Freight and Logistics Market Summary
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svg icon Study Period 2017 - 2030
svg icon Market Size (2024) USD 71.66 Billion
svg icon Market Size (2030) USD 87.62 Billion
svg icon Largest Share by Logistics Function Freight Transport
svg icon CAGR (2024 - 2030) 3.41 %
svg icon Fastest Growing by Logistics Function Courier, Express, and Parcel (CEP)
svg icon Market Concentration Low

Major Players
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*Disclaimer: Major Players sorted in no particular order

Key Players

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Spain Freight and Logistics Market Analysis

The Spain Freight and Logistics Market size is estimated at 71.66 billion USD in 2024, and is expected to reach 87.62 billion USD by 2030, growing at a CAGR of 3.41% during the forecast period (2024-2030).

71.66 Billion

Market Size in 2024 (USD)

87.62 Billion

Market Size in 2030 (USD)

2.53 %

CAGR (2017-2023)

3.41 %

CAGR (2024-2030)

Fastest Growing Market by Mode of Transport

3.84 %

Projected CAGR, Air, 2024-2030

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In January 2024, Spain announced a plan to invest USD 2.6 billion in expanding Madrid airport aiming to position it as one of the largest hubs in the European Union.

Largest CEP Market by Destination

64.02 %

value share, Domestic, 2023

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One of the main drivers of domestic CEP segment demand is e-commerce. Spain ranked as the 13th largest market for e-commerce and is expected to register a CAGR of 9.87% during 2023-27.

Largest Market by End User Industry

37.70 %

value share, Wholesale and Retail Trade, 2023

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The growth of the wholesale and retail trade end-user industry is supported by the rise in retail and e-commerce sales. The overall retail sales in Spain grew by 6% YoY in 2023.

Largest Warehousing Market by Temperature Control

92.09 %

value share, Non-Temperature Controlled, 2023

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P3 Logistic Parks, a European investor, developer, and owner of logistics real estate, is constructing a logistics facility in Catalonia, Spain, covering a total area of 33,000 sq. mt.

Fastest Growing Warehousing Market by Temperature Control

3.27 %

Projected CAGR, Temperature Controlled, 2024-2030

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The growing pharmaceutical industry is driving the demand for temperature-controlled warehousing. The pharmaceutical industry is expected to grow at a CAGR of 4.13% from 2024 to 2028.

Rising infrastructure development leads to the smooth flow of goods in the domestic territory, leading to vehicle sales

  • Europe has witnessed a surge in the adoption of electric vehicles since 2021. In a notable move, Herko Trucks rolled out a bioLPG-powered, zero-emission truck in Spain in 2021, primarily for last-mile deliveries. This truck, capable of slashing carbon emissions by 98%, boasts an impressive range of 800 km. Herko Trucks had set an ambitious target of delivering 160 units of this model by the close of 2023. In another development, XPO Logistics joined forces with Repsol in 2023 to offer renewable fuel options for their freight trucks.
  • Recognizing the significance of a robust domestic logistics network, Spain has prioritized infrastructure development. From 2018 to 2021, the Community of Madrid allocated a substantial USD 255 million to its Road Maintenance Strategy, extending the funding until September 2022. This investment was primarily aimed at resurfacing approximately 1,200 kilometers of the country's road network, a move expected to catalyze growth in Spain's domestic road freight transport market.
  • Spain is also steadfast in its commitment to meeting the Sustainable Development Goals for 2030, with a targeted investment of USD 116.84 billion. A key player in freight transportation, Spain's maritime industry is actively embracing environmental initiatives. For instance, in November 2022, Maersk Spain embarked on developing a clean fuel to power future ships, aligning with global decarbonization efforts. In a significant move, Maersk Spain inked a collaboration pact with the Spanish government, aiming for large-scale green fuel production in the country. The production of green methanol will involve an investment of USD 10.67 billion.
Spain Freight and Logistics Market

Spain Freight and Logistics Industry Segmentation

Agriculture, Fishing, and Forestry, Construction, Manufacturing, Oil and Gas, Mining and Quarrying, Wholesale and Retail Trade, Others are covered as segments by End User Industry. Courier, Express, and Parcel (CEP), Freight Forwarding, Freight Transport, Warehousing and Storage are covered as segments by Logistics Function.

  • Europe has witnessed a surge in the adoption of electric vehicles since 2021. In a notable move, Herko Trucks rolled out a bioLPG-powered, zero-emission truck in Spain in 2021, primarily for last-mile deliveries. This truck, capable of slashing carbon emissions by 98%, boasts an impressive range of 800 km. Herko Trucks had set an ambitious target of delivering 160 units of this model by the close of 2023. In another development, XPO Logistics joined forces with Repsol in 2023 to offer renewable fuel options for their freight trucks.
  • Recognizing the significance of a robust domestic logistics network, Spain has prioritized infrastructure development. From 2018 to 2021, the Community of Madrid allocated a substantial USD 255 million to its Road Maintenance Strategy, extending the funding until September 2022. This investment was primarily aimed at resurfacing approximately 1,200 kilometers of the country's road network, a move expected to catalyze growth in Spain's domestic road freight transport market.
  • Spain is also steadfast in its commitment to meeting the Sustainable Development Goals for 2030, with a targeted investment of USD 116.84 billion. A key player in freight transportation, Spain's maritime industry is actively embracing environmental initiatives. For instance, in November 2022, Maersk Spain embarked on developing a clean fuel to power future ships, aligning with global decarbonization efforts. In a significant move, Maersk Spain inked a collaboration pact with the Spanish government, aiming for large-scale green fuel production in the country. The production of green methanol will involve an investment of USD 10.67 billion.
End User Industry
Agriculture, Fishing, and Forestry
Construction
Manufacturing
Oil and Gas, Mining and Quarrying
Wholesale and Retail Trade
Others
Logistics Function
Courier, Express, and Parcel (CEP)
By Destination Type
Domestic
International
Freight Forwarding
By Mode Of Transport
Air
Sea and Inland Waterways
Others
Freight Transport
By Mode Of Transport
Air
Pipelines
Rail
Road
Sea and Inland Waterways
Warehousing and Storage
By Temperature Control
Non-Temperature Controlled
Temperature Controlled
Other Services
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Spain Freight and Logistics Market Size Summary

The Spain Freight and Logistics Market is poised for significant growth, driven by strategic investments and innovations in infrastructure and technology. The country's commitment to enhancing its logistics network is evident in substantial funding for road maintenance and railway infrastructure, aimed at improving domestic and international transport efficiency. Spain's maritime industry is also aligning with global sustainability goals, with initiatives like Maersk Spain's collaboration with the government to produce green methanol. The market is characterized by a robust transportation and storage infrastructure, which plays a crucial role in facilitating trade, as evidenced by the growth in exports. The sector's contribution to Spain's GDP is notable, with a high concentration of businesses and job creation, underscoring its importance to the national economy.

The market landscape is competitive and fragmented, with major players like DB Schenker, DHL Group, FedEx, Grupo Sese, and Kuehne + Nagel leading the charge in adopting innovative solutions. These companies are actively investing in decarbonization and supply chain orchestration technologies to enhance their service offerings. The introduction of electric vehicle solutions and strategic partnerships, such as Kuehne + Nagel's collaboration with Capgemini, highlight the industry's focus on sustainability and efficiency. Despite challenges like fluctuating fuel prices, the market continues to evolve, with companies leveraging technology and strategic alliances to maintain a competitive edge and meet the growing demands of the logistics sector.

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Spain Freight and Logistics Market Size - Table of Contents

  1. 1. MARKET SEGMENTATION (includes 1. Market value in USD for all segments 2. Market volume for select segments viz. freight transport, CEP (courier, express, and parcel) and warehousing & storage 3.Forecasts up to 2029 and analysis of growth prospects)

    1. 1.1 End User Industry

      1. 1.1.1 Agriculture, Fishing, and Forestry

      2. 1.1.2 Construction

      3. 1.1.3 Manufacturing

      4. 1.1.4 Oil and Gas, Mining and Quarrying

      5. 1.1.5 Wholesale and Retail Trade

      6. 1.1.6 Others

    2. 1.2 Logistics Function

      1. 1.2.1 Courier, Express, and Parcel (CEP)

        1. 1.2.1.1 By Destination Type

          1. 1.2.1.1.1 Domestic

          2. 1.2.1.1.2 International

      2. 1.2.2 Freight Forwarding

        1. 1.2.2.1 By Mode Of Transport

          1. 1.2.2.1.1 Air

          2. 1.2.2.1.2 Sea and Inland Waterways

          3. 1.2.2.1.3 Others

      3. 1.2.3 Freight Transport

        1. 1.2.3.1 By Mode Of Transport

          1. 1.2.3.1.1 Air

          2. 1.2.3.1.2 Pipelines

          3. 1.2.3.1.3 Rail

          4. 1.2.3.1.4 Road

          5. 1.2.3.1.5 Sea and Inland Waterways

      4. 1.2.4 Warehousing and Storage

        1. 1.2.4.1 By Temperature Control

          1. 1.2.4.1.1 Non-Temperature Controlled

          2. 1.2.4.1.2 Temperature Controlled

      5. 1.2.5 Other Services

Spain Freight and Logistics Market Size FAQs

The Spain Freight and Logistics Market size is expected to reach USD 71.66 billion in 2024 and grow at a CAGR of 3.41% to reach USD 87.62 billion by 2030.

In 2024, the Spain Freight and Logistics Market size is expected to reach USD 71.66 billion.

Spain Freight and Logistics Market Report Snapshots

Spain Freight and Logistics Market SIZE & SHARE ANALYSIS - GROWTH TRENDS & FORECASTS UP TO 2030