The market is dominated by foreign suppliers, as imports account for 60.5% of total market size in 2023. B2B drives market demand, with B2B spending representing 54.9% of total demand in 2023. Spain has the ninth largest market size for industrial and laboratory furnaces regionally, with demand reaching USD263 million in 2023. Ghi Hornos Industriales SL is the largest company in Spain, generating 12.7% of the industry’s total production value in 2023. The industry is fragmented, with the top five companies generating 22.3% of total production value in 2023. The total number of companies increases in 2023, to 61 units. The costs of the industry increase by 13.3% in 2023, largely driven by rising B2B costs. The industry’s profitability decreases and stands at 11.6% of production value in 2023, the 12th highest regionally. The industry’s exports share increases in 2023 to 61.5% of total production output. With production value of USD296 million, Spain accounts for 2.8% of the Western Europe total in 2023.
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This Euromonitor industrial report provides unique information on Industrial and Laboratory Furnaces in Spain: ISIC 2914. With this industrial report, you’ll be able to explore the industry from its sources of supply to its buyers. The Industrial and Laboratory Furnaces in Spain: ISIC 2914 report includes: Industry datagraphics including production data, exports, imports, cost structure, and profitability
This is the aggregation of general purpose machinery and special purpose machinery.
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