Spain Automotive Industry Outlook 2022 - 2026

Key Market Indicators

By 2026, Spanish Vehicle Registration is projected to reach 1.15 million units, a decline of 1.1% year-on-year (CAGR) from 2021's 1.1 million units. Since 2010, the Spanish market has suffered a 4% yearly decline. In the same period, Spanish Vehicle Production is estimated to grow 0.5% year-on-year on average, to reach 2.89 million units in 2026 from 2021's 2.77 million units. Since 2002, Spanish production has dropped by 0.8% year-on-year. In 2021, Spain ranked eighth, with South Korea coming in first with 2.77 million units. The United States, Japan, and India followed as the second, third, and fourth biggest producers in the ranking.

Spain Automotive Market Data and Forecasts

Improve your Knowledge with the latest Indicators and Trends

• Automotive Financing: Unveiling Trends and Opportunities in Leasing and Loan Markets

  Automotive funding, a crucial sector of the automotive industry, is witnessing a paradigm shift in its operating model driven by changes in customer preferences and technological advancements. Strong growth in new vehicle sales and rising used car prices are fuelling growth in this sector. The primary role of auto leasing...

  Discover more insights

• Automotive Industry: Comprehensive Insights into New Car Dealers and Vehicle Parts Retailing

  The new car dealership segment in the automotive industry continues to demonstrate a growth trajectory. This can be attributed to factors such as a rise in consumer demand driven by an improved economic outlook, low-interest rates, and an expansion in car ownership in emerging markets. Digitalization has redefined traditional sales...

  Discover more insights

• Auto Repair and Body Shops: Navigating Future Challenges and Opportunities

  The vehicle repair industry is poised for significant shifts driven by emergent technologies. Innovations in automotive design, such as electric and autonomous vehicles, are demanding new skills from mechanics and body repair professionals. In conjunction, technologies to streamline shop operations, like digital diagnostics and advanced management software, are increasingly integral...

  Discover more insights

• Vehicle Rental and Repair: An In-depth Exploration of Industry Dynamics

  The vehicle rental and repair industry has made significant strides over the past years, prompted by technological advancements, changing consumer behaviours and evolving business models. The industry is a key pillar to transportation needs in various geographical regions, fulfilling short-term mobility needs. Economy dynamics, especially urbanization and tourism activities, chiefly...

  Discover more insights

• Insights into the Evolving Caravan, Trailer, and Motor Vehicle Body Manufacturing Sector

  Substantial technological advancements and a rising regard for recreational activities are driving the development in the motor vehicle body, caravan and trailer manufacturing sector. Increasingly, consumers opt for these vehicles as a lifestyle choice, valuing their ability to provide comfort, freedom, and connectivity on the road. The growth of this...

  Discover more insights

• 1
• 2
• 3
• 4