Spain Road Freight Transport Market Size & Share Analysis - Industry Research Report - Growth Trends

 Analysis of the Spanish Road Freight Transport Market

The market for road freight transport in Spain is anticipated to grow at a CAGR of 5.54%.

Long-haul trucking services have dominated the distance segment in Spain's road freight transport business as a result of growing trade patterns and the development of supple motorways both within and across the nation.

Solid goods are the product type segment with the largest market share in Spain, where they outnumber liquid products due to the majority of transported goods falling into this category. Additionally, it makes a sizable contribution to the nation's value-added output.

Largest Segment by End User - Manufacturing: In Spain, the road freight transport market is dominated by the manufacturing industry, which has a market share of 11.32% and is the second-largest contributor to the country's GDP.

Fastest Growing Segment by Less Than Truckload Specification: One of the main end consumers of this service are small and medium-sized businesses, and since there are currently 2,547,511 SMEs in Spain, the LTL segment is the one that is expanding the fastest.

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