The market is dominated by foreign suppliers, as imports account for 70.0% of total market size in 2023. Investments drive market demand, with investments representing 46.3% of total demand in 2023. Spain has the fifth largest market size for machine tools regionally, with demand reaching USD3.9 billion in 2023. Fagor Arrasate SCL is the largest company in Spain, generating 7.1% of the industry’s total production value in 2023. The industry is fragmented, with the top five companies generating 14.0% of total production value in 2023. The total number of companies increases in 2023, to 621 units. The costs of the industry increase by 15.7% in 2023, largely driven by rising B2B costs. The industry’s profitability increases and stands at 15.1% of production value in 2023, the seventh highest regionally. The industry’s exports share decreases in 2023 to 67.6% of total production output. With production value of USD3.0 billion, Spain accounts for 3.6% of the Western Europe total in 2023.
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This Euromonitor industrial report provides unique information on Machine Tools in Spain: ISIC 2922. With this industrial report, you’ll be able to explore the industry from its sources of supply to its buyers. The Machine Tools in Spain: ISIC 2922 report includes: Industry datagraphics including production data, exports, imports, cost structure, and profitability
This is the aggregation of general purpose machinery and special purpose machinery.
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