From 2012 to 2022, the Tractor, Bus, and Truck Bodies Market Size in Spain showed fluctuations. After a dip of -5.4% in 2012 and -5.71% in 2013, the market experienced moderate growth in 2014 and 2015. However, another decline occurred in 2016 with a -3.29% drop, before a significant recovery in 2017 with a 22.56% increase. The market continued to grow moderately until it faced a -17.95% reduction in 2020, likely due to pandemic-related impacts. Subsequent years witnessed a recovery, with 16.56% growth in 2021 and 7.12% in 2022. The last five years' CAGR stood at 3.05%, indicating a steady average annual growth.
In 2024, the market size value is projected to be higher than in 2023, suggesting continued growth. Future trends to watch include the impact of technological advancements in vehicle manufacturing, increasing demand for electric and green vehicles, and potential regulatory changes favoring eco-friendly transportation solutions.
