Market Size of spain freight and logistics Industry
| Icons | Lable | Value |
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Study Period | 2017 - 2030 |
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Market Size (2024) | USD 71.66 Billion |
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Market Size (2030) | USD 87.62 Billion |
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Largest Share by Logistics Function | Freight Transport |
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CAGR (2024 - 2030) | 3.41 % |
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Fastest Growing by Logistics Function | Courier, Express, and Parcel (CEP) |
Major Players |
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*Disclaimer: Major Players sorted in no particular order |
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
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
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
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
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
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.
Understand The Key Trends Shaping This Market
