Spain Warehousing Market Size (2024 - 2029)

Spain Warehousing Market Analysis

The Spain Warehousing Market size is estimated at USD 5.33 billion in 2024, and is expected to reach USD 6.29 billion by 2029, growing at a CAGR of 2.82% during the forecast period (2024-2029).

• Spain is one of the major European countries in maritime freight transportation, with an 8,000 km coastline. It is also one of the most developed countries in terms of rail and road transport.
• According to the Ministry of Industry, Trade, and Tourism of Spain, it contributes 10% of the country's GDP, employs over a million people, and links 197,000 enterprises.
• Spain is in a unique situation in Southern Europe, as it sits at the crossroads of the major goods traffic routes. The European Union’s (EU) eastward expansion benefits Spain’s strategic location in terms of trade flows and centers of distribution of foreign trade in the EU and beyond.
• According to Savills, the new logistics area planned for the Madrid and Barcelona markets in 2022 and 2023 totals over three million sq m.
• The international consultancy anticipates 380,000 sq m of developed space in 2022, with 81% already committed. This additional land is spread similarly along the north, center, and south axes, with around 33% in each. Because the majority of the properties are self-promoted, the northern zone accounts for 86% of the committed area. The addition to the stock of projects with surfaces bigger than 30,000 sq m stands out, which was one of the market's most obvious weaknesses.
• Valencia currently holds an average availability rate of 3.5%, with the central region having the highest availability rate of 4.92%. The contracting increased to about 400,000 sq m, with 49 activities and a 51% absorption in the center axis. Prices in Valencia's top location start at roughly EUR 4.50 per sq m per month.

Spain Warehousing Industry Segmentation

Warehousing is the act of keeping items for eventual sale or distribution. While a small, home-based firm may store items in a spare room, cellar, or garage, bigger enterprises often own or rent space in a structure intended expressly for storage.

Spain's warehousing sector market is segmented by end-use (healthcare, manufacturing, aerospace, telecommunication, retail, and other end-uses), business type (warehouse, distribution, and value-added services), and mode of operation (storage, roadways distribution, seaways distribution, and other modes of operations). 

The report offers market size and forecasts for the Spain warehousing sector market in value (USD) for all the above segments.