Market Size of Spain 3PL Industry
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| Forecast Data Period | 2024 - 2029 |
| Historical Data Period | 2019 - 2022 |
| CAGR | 3.45 % |
| Market Concentration | Medium |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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Spain Third-Party Logistics (3PL) Market Analysis
The spain third party logistics (3PL) market size is estimated at USD 15.44 billion in 2023, and is expected to reach USD 18.29 billion by 2028, growing at a CAGR of 3.45% during the forecast period (2023-2028).
- Spain stands out worldwide for its world-class network of air, land, rail, and maritime infrastructures and the quality of its services. A structure favors the development and growth of logistics and transport in the Spanish economy.
- Spain is privileged in Southern Europe, where the main goods traffic routes converge. The eastward enlargement of the European Union (EU) favors Spain's strategic position concerning trade flows and the centers of redistribution of foreign trade in the EU and the rest of the world.
- Connectivity promotes the development of the Trans-European Transport Network (TEN-T). In Spain, it includes two of the nine multimodal European corridors considered a priority by the European Union: the Atlantic Corridor and the Mediterranean Corridor. The main arteries are where the key flows of goods and people are concentrated.
- Spain comprises more than 152 logistics parks with a total surface area of over 80 million sq m. These logistics infrastructures are linked mainly to the maritime mode (49.8% share) and road transport (37.4%).
- The impact of Covid-19 was severe on the market, and with the new variants coming now and then, partial lockdowns are a part of the world.
