The market is dominated by domestic suppliers, as imports account for 30.5% of total market size in 2023. B2B drives market demand, with B2B spending representing 75.0% of total demand in 2023. Spain has the sixth largest market size for tanks, reservoirs, boilers and radiators regionally, with demand reaching USD2.3 billion in 2023. Bdr Thermea Group BV is the largest company in Spain, generating 2.6% of the industry’s total production value in 2023. The industry is fragmented, with the top five companies generating 6.3% of total production value in 2023. The total number of companies decreases in 2023, to 653 units. The costs of the industry decrease by 11.9% in 2023, largely driven by declining B2B costs. The industry’s profitability decreases and stands at 5.2% of production value in 2023, the 20th highest regionally. The industry’s exports share decreases in 2023 to 16.2% of total production output. With production value of USD1.7 billion, Spain accounts for 5.3% of the Western Europe total in 2023.
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This Euromonitor industrial report provides unique information on Tanks, Reservoirs, Boilers and Radiators in Spain: ISIC 2812. With this industrial report, you’ll be able to explore the industry from its sources of supply to its buyers. The Tanks, Reservoirs, Boilers and Radiators in Spain: ISIC 2812 report includes: Industry datagraphics including production data, exports, imports, cost structure, and profitability
This is the aggregation of basic iron and steel, basic preciuos and non-ferrous metals, casting of metals, coating of metals and mechanical engineering, forming of metal and power metallurgy, metal packaking, wire and other fabricated metal products.
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