Spain Road Freight Transport Market Size

Spain Road Freight Transport Market Analysis

The Spain Road Freight Transport Market size is estimated at 35.38 billion USD in 2024, and is expected to reach 42.92 billion USD by 2030, growing at a CAGR of 3.27% during the forecast period (2024-2030).

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35.38 Billion

Market Size in 2024 (USD)

42.92 Billion

Market Size in 2030 (USD)

2.43 %

CAGR (2017-2023)

3.27 %

CAGR (2024-2030)

Largest Market by Distance

74.65 %

value share, Long Haul, 2023

Long-haul trucking is crucial to Spain on account of growth in international goods transport, driven by growth in trade. For instance, exports recorded a growth of 8.35% YoY in 2022.

Largest Market by Goods Configuration

70.72 %

value share, Solid Goods, 2023

Spain's manufacturing sector drives the solid goods segment and fuels a surge in freight demand for export-oriented industries like automotive, where exports rose by 2.8% in 2022.

Largest Market by End User Industry

37.24 %

value share, Manufacturing, 2023

Spain is the second-largest automotive manufacturer in Europe. It is known for its export-oriented industries, such as automotive, machinery, and textiles.

Fastest Growing Market by Truckload Specification

3.67 %

Projected CAGR, Less than-Truck-Load (LTL), 2024-2030

The government approved the 2021-2025 SME digitalization plan with an investment of over USD 526.2 billion, directly impacting 1.5 million SMEs and boosting the demand for LTL trucking.

First Leading Market Player

1.88 %

market share, XPO, Inc., Inc.

XPO Logistics, with a network of 60 facilities and more than 5 million pallet deliveries each year, is one of the market leaders in the Spanish pallet transport market.

Automobile exports in Spain increased by 2.8% YoY in 2022 and drove the demand for road freight services

Spain Road Freight Transport Industry Segmentation Spain Road Freight Transport Industry Segmentation

Agriculture, Fishing, and Forestry, Construction, Manufacturing, Oil and Gas, Mining and Quarrying, Wholesale and Retail Trade, Others are covered as segments by End User Industry. Domestic, International are covered as segments by Destination. Full-Truck-Load (FTL), Less than-Truck-Load (LTL) are covered as segments by Truckload Specification. Containerized, Non-Containerized are covered as segments by Containerization. Long Haul, Short Haul are covered as segments by Distance. Fluid Goods, Solid Goods are covered as segments by Goods Configuration. Non-Temperature Controlled, Temperature Controlled are covered as segments by Temperature Control.

• In 2022, automobile exports increased by 2.8% YoY, reaching USD 37.53 billion. This was in line with the rise in Spanish automobile production, which increased by 5.8% YoY. Germany was the top destination for car exports from Spain, with a 30% increase. France and the United Kingdom followed closely, with a 14.5% and 1.8% increase, respectively. The shortage of certain essential components for the manufacture of vehicles, such as cables, aluminum, and nickel, coming from Ukraine and Russia, together with the increase in energy costs, affected the pace of manufacturing in Spanish plants in 2022 and 2023.
• As the Spanish economy expanded in 2022, the need for the transportation of goods from manufacturers to retailers and ultimately to consumers also increased. In Spain, retail trade increased its sales by 0.7% in 2022. The distribution mode that saw the biggest increase in sales was small chains, with 3% more sales than in 2021. Large stores also witnessed an increase, with 1.3% more sales. The rise of e-commerce has significantly impacted the supply chains. With more people shopping online, there is an increased demand for transporting products from distribution centers to end consumers.
• The e-commerce industry is projected to register a CAGR of 10% during the period 2023-2027 and reach USD 47.63 billion by 2027. The rise in e-commerce is expected to drive the growth of the wholesale and retail trade end-user segment. Moreover, rising oil and gas consumption in Spain is expected to support the oil and gas, mining, and quarrying end-user segment. In terms of consumption, oil remains the most widely used fuel in Spain, accounting for 43.8% of the total, followed by natural gas at 21.8%.