The report includes Spain logistics, freight forwarding, warehousing, cold chain, third party logistics, express delivery market size in terms of value, segmentation on the basis of service mix (freight forwarding market, warehousing market and value added services) and by type of industries (oil & gas, engineering equipment, food & beverages, metals, automotive and others). The report also covers value chain analysis for logistics market, comparative analysis of Spain logistics market with other global logistics markets, trends and developments, issues and challenges, industry norms and regulations and recent developments in the market. The report also covers the competitive landscape of the industry and comprehensive profile of major players (Ceva Logistics, Yusen Logistics, Agility, Transfesa, Correos, DHL, UPS, FedEx) operating in the market. The report includes future outlook and projections of Spain logistics market, freight forwarding market, cold chain market, warehousing market, 3PL market and express delivery logistics market. Major macroeconomic indicators and upcoming projects affecting the market have also been highlighted in the report.
- Logistics industry in Spain will spur majorly owing to investment in logistics infrastructure, improved information and communication systems, increasing human capital, enhancement in logistics service provider capability and government regulations and support.
- Fall in logistics cost, demand in manufacturing, communication, construction, mining, trade and other sectors in the economy will drive this growth in logistics sector.
Transport and logistics are of growing strategic importance in the economy of Spain and the logistic sector will continue to contribute heavily to the GDP of the country. The continuous development of logistics favored by the globalization of the market, the changes in traditional productive system, improvements in means, systems and ways of transport and the continuous evolution of the means of information transmission and management will be major growth drivers for Spain logistics market in upcoming years. The B2C e-commerce turnover in Spain reached to EUR 28 billion during 2017 and it is anticipated to grow at good pace in coming years which will aid the 3PL, warehousing, express delivery and freight forwarding segments in the country.
To accelerate improvement in logistics and transport, the government of Spain has introduced structural reforms in attempt to boost trade and foreign investment in the country. Due to rapid growth of the e-commerce sector and increasing customer expectations regarding same day delivery and same hour delivery, demand for logistics space in Spain is likely to continue to grow in the upcoming years. The increased market penetration, increased security and privacy of online purchases, improved delivery times and fall in logistics cost in upcoming years will further boost the logistics industry of Spain. Warehouse management systems, big data analytics and Transport management systems are expected to be adopted by large service providers to remain competitive in the market. The companies will further invest in technologies such as artificial intelligence, RFID, GPS tracking and automation which will aid the overall growth of logistics in Spain.
Rising Import and Export of Goods in Spain, growing air transport freight, increasing number of enterprises in transportation industry, container port traffic and infrastructure expenditure are some other key factors that may have positive impact on the market, according to the Analyst at Ken Research.
Ken Research in its latest study, Spain Logistics Market by Service Mix (Freight Forwarding Market, Warehousing Market and Value Added Services), by Third Party Logistics, by Cold Chain Logistics, by Express Delivery and by Industries (Oil & Gas, Engineering Equipment, Food & Beverages, Metals, Automotive and Others) – Outlook to 2022, suggests that demand for logistics in the country will grow at a positive growth rate owing to increasing warehousing facilities in the country coupled with improving transportation links across Spain.
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