The turnover of warehousing and storage in Spain experienced varied growth between 2013 and 2023. After an initial contraction in 2013 and 2014, the sector saw significant year-on-year increases from 2015 to 2017. Despite a decline in 2019, the industry rebounded in 2020 and continued an upward trajectory reaching 4.77 billion euros in 2023. The Compound Annual Growth Rate (CAGR) from 2018 to 2023 was 1.95%, indicating consistent growth over the past five years.
Future trends to watch for in the warehousing and storage sector include the increasing influence of e-commerce which boosts demand for storage solutions, advancements in automation and technology for operational efficiency, and the potential impact of economic fluctuations on storage needs. The forecasted CAGR for the next five years is 1.92%, suggesting steady growth in this sector through 2028.
