The Spain light commercial vehicles market size reached USD 11.16 Billion in 2024. Looking forward, IMARC Group expects the market to reach USD 19.83 Billion by 2033, exhibiting a growth rate (CAGR) of 6.12% during 2025-2033. Rising e-commerce logistics, urban delivery demand, government EV incentives, stringent emission regulations, fleet electrification, expanding construction and SME sectors, technological advancements in telematics, and increased tourism-related rentals are driving the growth of the Spain light commercial vehicles market.
Report Attribute
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Key Statistics
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Base Year
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2024 |
Forecast Years
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2025-2033
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Historical Years
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2019-2024
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Market Size in 2024 | USD 11.16 Billion |
Market Forecast in 2033 | USD 19.83 Billion |
Market Growth Rate (2025-2033) | 6.12% |
Electrification of Light Commercial Vehicle (LCV) Fleets
Spain is witnessing a significant shift toward the electrification of light commercial vehicle fleets, driven by environmental regulations and the need for sustainable urban logistics. Government incentives, such as subsidies and tax benefits, are encouraging businesses to adopt electric LCVs, aiming to reduce urban air pollution and meet EU emission targets. The electric LCV market in Spain is projected to reach USD 9.6 billion by 2025, with a compound annual growth rate (CAGR) of 14.92% from 2025 to 2029. Another factor strengthening the market growth is the rising focus on fleet expansion. Major logistics and delivery companies are integrating electric LCVs into their fleets. For instance, in 2024, Renault's Kangoo E-Tech 100% electric became the best-selling electric vehicle in its segment, reflecting the growing demand for electric commercial vehicles. In addition to this, the expansion of vehicle charging infrastructure is facilitating the adoption of electric LCVs. By 2025, Spain aims to have a comprehensive network of charging stations, supporting the operational needs of electric fleets. Manufacturers like Stellantis are capitalizing on this trend by offering a range of electric LCVs. In 2024, Stellantis ProOne achieved a market share of 36.4% in Spain's commercial vehicle sector, with a significant portion attributed to electric models produced in Vigo.
Growth of E-Commerce and Last-Mile Delivery Services
The growth in e-commerce has revolutionized the retail sector of Spain, causing a rise in demand for effective last-mile delivery services. Light commercial vehicles play a crucial role in fulfilling this demand, as they provide versatility and convenience within urban areas. Madrid topped Spain in 2023 with more than 72,800 new LCV registrations, highlighting the hub of delivery operations in central urban areas. Additionally, January 2025 witnessed a 13.3% rise in LCV registration in Spain at 12,613 units, indicating the increased demand for delivery vehicles. On top of this, businesses are investing in updated LCV fleets with advanced telematics and fuel-saving technology to improve delivery efficiency. The move to same-day delivery services only expands the need to be reliant upon quick and steady LCVs, which would be a driving force behind logistics and distribution as well.
IMARC Group provides an analysis of the key trends in each segment of the market, along with forecasts at the region/country level for 2025-2033. Our report has categorized the market based on vehicle type and propulsion type.
Vehicle Type Insights:
The report has provided a detailed breakup and analysis of the market based on the vehicle type. This includes commercial vehicles (light commercial pick-up trucks and light commercial vans).
Propulsion Type Insights:
A detailed breakup and analysis of the market based on the propulsion type have also been provided in the report. This includes hybrid and electric vehicles (BEV, FCEV, HEV, and PHEV,) and ICE (CNG, diesel, gasoline, and LPG).
Regional Insights:
The report has also provided a comprehensive analysis of all the major regional markets, which include Northern Spain, Eastern Spain, Southern Spain, and Central Spain.
The market research report has also provided a comprehensive analysis of the competitive landscape. Competitive analysis such as market structure, key player positioning, top winning strategies, competitive dashboard, and company evaluation quadrant has been covered in the report. Also, detailed profiles of all major companies have been provided.
Report Features | Details |
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Base Year of the Analysis | 2024 |
Historical Period | 2019-2024 |
Forecast Period | 2025-2033 |
Units | Billion USD |
Scope of the Report |
Exploration of Historical Trends and Market Outlook, Industry Catalysts and Challenges, Segment-Wise Historical and Future Market Assessment:
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Vehicle Types Covered | Commercial Vehicles: Light Commercial Pick-Up Trucks, Light Commercial Vans |
Propulsion Types Covered |
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Regions Covered | Northern Spain, Eastern Spain, Southern Spain, Central Spain |
Customization Scope | 10% Free Customization |
Post-Sale Analyst Support | 10-12 Weeks |
Delivery Format | PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request) |
Key Questions Answered in This Report:
Key Benefits for Stakeholders: