The turnover in the warehousing and storage sector in Spain has demonstrated growth from 2013 to 2023, reaching 4.75 billion euros in 2023. Over the past decade, year-on-year variations have ranged from a low of -7.17% in 2019 to a high of 17.88% in 2016. The sector has shown resilience, particularly highlighted by a steady increase in values from 2020 onwards. Specifically, the sector experienced a 2.64% increase in turnover in 2023.
Looking at the forecast, the sector is expected to maintain an upward trend, with growth rates averaging around 1.87% CAGR through to 2028, leading to an anticipated value of 5.34 billion euros. The projected 5-year growth rate of 9.69% signifies a stable yet incremental expansion.
Future trends to watch for in this sector include technological advancements in logistics, the implementation of automation and AI, and evolving consumer expectations around faster delivery times. Sustainability and energy efficiency are also key factors likely to influence the sector's growth trajectory in the coming years.
