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Spain Warehousing Market Size (2024 - 2029)

The Spain Warehousing Market is poised for growth, driven by the country's strategic location and developed transport infrastructure. As a key player in maritime freight and with significant contributions to the national GDP, Spain's market size is influenced by its role as a distribution hub in Southern Europe. The expansion of logistics areas, particularly in major cities like Madrid and Barcelona, underscores the increasing demand for warehousing space. Despite challenges such as availability rates and market absorption, the market's capacity for growth remains robust, supported by ongoing developments and strategic planning.

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Market Size of Spain Warehousing Industry

Spain Warehousing Market Summary
Study Period 2020-2029
Base Year For Estimation 2023
Market Size (2024) USD 5.33 Billion
Market Size (2029) USD 6.29 Billion
CAGR (2024 - 2029) 2.82 %
Market Concentration Low

Major Players

Spain Warehousing Market Major Players

*Disclaimer: Major Players sorted in no particular order

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.

By End-Uses
Healthcare
Manufacturing
Aerospace
Telecommunication
Retail
Other End-Uses
By Business Type
Warehouse
Distribution
Value Added Services
By Mode of Operation
Storage
Roadways Distribution
Seaways Distribution
Other Modes of Operations
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Spain Warehousing Market Size Summary

The Spain warehousing market is poised for steady growth, driven by its strategic location at the crossroads of major European trade routes and its robust infrastructure in maritime, rail, and road transport. The sector plays a significant role in the national economy, contributing a substantial portion to the GDP and providing employment to over a million people. The expansion of logistics areas in key cities like Madrid and Barcelona, along with the development of new facilities, is expected to enhance service levels and meet the rising demands of e-commerce. The shift from traditional retail to online shopping has accelerated, creating opportunities for both established corporations and startups to capitalize on the growing e-commerce market. This transition is further supported by the increasing number of internet and e-commerce users in Spain, which is expected to continue rising in the coming years.

The demand for modern logistics space is also fueled by the growth of cold storage, which is anticipated to expand significantly due to rising consumer preferences for fresh and perishable goods. The cold chain industry in Europe, including Spain, is set to create investment opportunities in auxiliary sectors such as cold storage and transportation. The competitive landscape of Spain's warehousing sector includes major players like DHL Supply Chain, FedEx, and Kuehne + Nagel, among others. Recent strategic moves, such as Lineage Logistics' establishment of a headquarters in Madrid and Savills Investment Management's acquisition of last-mile distribution warehouses, highlight the dynamic nature of the market. These developments underscore the sector's potential to play a more significant role in the national economy, driven by advancements in logistics and the increasing importance of e-commerce and cold storage solutions.

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Spain Warehousing Market Size - Table of Contents

  1. 1. MARKET INSIGHTS AND DYNAMICS

    1. 1.1 Market Overview

    2. 1.2 Market Drivers

      1. 1.2.1 Growing demand in the cold chain sector

      2. 1.2.2 Developing connectivity and infrastructure

    3. 1.3 Market Restraints

      1. 1.3.1 Complex integration and implementation

    4. 1.4 Value Chain / Supply Chain Analysis

    5. 1.5 Porter's Five Forces Analysis

      1. 1.5.1 Bargaining Power of Suppliers

      2. 1.5.2 Bargaining Power of Buyers/Consumers

      3. 1.5.3 Threat of New Entrants

      4. 1.5.4 Threat of Substitute Products

      5. 1.5.5 Intensity of Competitive Rivalry

    6. 1.6 Impact of COVID-19 on the Market

  2. 2. MARKET SEGMENTATION

    1. 2.1 By End-Uses

      1. 2.1.1 Healthcare

      2. 2.1.2 Manufacturing

      3. 2.1.3 Aerospace

      4. 2.1.4 Telecommunication

      5. 2.1.5 Retail

      6. 2.1.6 Other End-Uses

    2. 2.2 By Business Type

      1. 2.2.1 Warehouse

      2. 2.2.2 Distribution

      3. 2.2.3 Value Added Services

    3. 2.3 By Mode of Operation

      1. 2.3.1 Storage

      2. 2.3.2 Roadways Distribution

      3. 2.3.3 Seaways Distribution

      4. 2.3.4 Other Modes of Operations

Spain Warehousing Market Size FAQs

The Spain Warehousing Market size is expected to reach USD 5.33 billion in 2024 and grow at a CAGR of 2.82% to reach USD 6.29 billion by 2029.

In 2024, the Spain Warehousing Market size is expected to reach USD 5.33 billion.

Spain Warehousing Market Report Snapshots

Spain Warehousing Market - Growth Trends & Forecasts (2024 - 2029)