Spain Material Handling Market Forecasts from 2023 to 2028

The Spain material handling market is projected to grow at a CAGR of 3.58% over the forecast period, increasing from US$2.574 billion in 2021 to US$3.292 billion by 2028.

The increasing investment in the construction industry is expected to propel the demand for material handling equipment in the country. New facilities are being developed by major companies in Spain as they see the increasing potential of material-handling equipment usage. The increase in material handling equipment demand can also be attributed to increased warehouse and logistics in the country. The increased penetration of e-commerce along with a rise in several warehouses in the country are providing an edge for market growth of material handling equipment in Spain.

Increasing Investment in Construction Industry

The increased investment in research and development (R&D) to increase the construction industry in Spain is one of the reasons providing an edge to the material handling market. According to the latest data published by the Ministry of Public Works, in 2022, the construction of new non-residential projects jumped 21% compared to 2021. Also, as per the same source building renovation rose to 12.8%. The increasing construction activities in the country are providing an edge for market growth of this material handling equipment.

Increasing Government Support

The construction industry is anticipated to be fueled by various government initiatives in the country. For instance, in October 2022, the Spanish government increased its infrastructure investment by 7% compared to the previous year. The current draft by the government indicated EUR 11.749 billion to be invested in developing the infrastructure of the country. The increasing infrastructure comes with an increasing demand for material handling equipment so that raw materials and other products can be transported. Such large-scale projects need machines that can help make their work easy and hence material handling equipment market is expected to be used more in the projected period.

Expanding Manufacturing Sector

The Spain material handling market has experienced notable growth, driven by the increasing demand for specialized end-of-arm robotic tooling systems and part-handling solutions. As exemplified by BILSING AUTOMATION, a prominent Spanish company in this domain, the market's expansion can be attributed to its focus on the development, design, and manufacturing of Cold Sheet Forming EOAT, Hot Sheet Forming EOAT, Body Shop EOAT, Plastics EOAT, and other innovative solutions. This growth factor is further amplified by the company's expertise in EOAT Commissioning, Field Service, Engineering, Simulation, and Optimization for Press Lines, which cater to diverse industries such as automotive, appliance, and others. The automotive sector, in particular, benefits significantly from BILSING AUTOMATION's offerings, as OEMs and Tier Suppliers with metal production operations seek efficient solutions for hot forming, stamping, assembly, and plastic part production.

Rising Industrial Sector

The rise in industrial sector turnover in both 2019 and 2021 undeniably signals a period of heightened economic activity and notable expansion within the manufacturing industries. As a direct consequence, the demand for material handling solutions has surged, calling for efficient and advanced equipment and systems to optimize various aspects of production processes, supply chain management, and overall operational efficiency. This substantial growth in turnover unequivocally emphasizes the urgent need for robust material handling solutions to cater to the burgeoning requirements of the industry.

Major Market Player

• Toyota Material Handlinghas a well-established presence in Europe for its forklift trucks, and to further its presence in Spain’s growing market the company has focused on expanding its facilities. The company is further focusing on reducing the carbon footprint of its forklift trucks sold in Spain for which it has formed strategic collaboration as well. For instance, in Mach 2023, the company collaborated with Fusion Fuel for the development and selling of forklift trucks running on green hydrogen.
• Interlake Mecalux'sreported worldwide revenue of 1177 million USD in 2022 reflects its prominence as a successful Spanish company in the material handling industry. The company's expertise, innovation, and international success may attract investments, encourage technological advancements, and stimulate overall market expansion in Spain, benefiting the industry and the economy.

Key Market Developments

• Toyota material handling started the construction of a new headquarter in Barcelona, Spain in March 2023. The new site aims at providing a better connection to communication hubs and providing smooth after-sales services as well.
• In July 2021, the acquisition of ASTI Mobile Robotic Group (ASTI) headquartered in Burgos, Spain which is one of the leading autonomous mobile robots (AMR) was announced by ABB. This acquisition will expand ABB’s automation offering and robotics product portfolio.

Segmentation:

By Product

• Automated Guided Vehicles
• Automated Storage and Retrieval Systems
• Trucks and Lifts
• Cranes
• Others

By Application

• Warehousing and Distribution
• Bulk Handling
• Postal and Parcel Delivery
• Assembly
• Packaging

By Industry Vertical

• Manufacturing
• Healthcare
• Chemical
• Paper
• Food and Beverages
• Others