Spain Light Commercial Vehicles Market Size, Share, Trends and Forecast by Vehicle Type, Propulsion Type, and Region, 2025-2033

Spain Light Commercial Vehicles Market Size, Share, Trends and Forecast by Vehicle Type, Propulsion Type, and Region, 2025-2033

Report Format: PDF+Excel | Report ID: SR112025A29347

Spain Light Commercial Vehicles Market Overview:

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
Key Statistics
Base Year
2024
Forecast Years
2025-2033
Historical Years
2019-2024
Market Size in 2024 USD 11.16 Billion
Market Forecast in 2033 USD 19.83 Billion
Market Growth Rate (2025-2033) 6.12%


Spain Light Commercial Vehicles Market Trends:

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.

Spain Light Commercial Vehicles Market Segmentation:

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:

Spain Light Commercial Vehicles Market

  • Commercial Vehicles
    • Light Commercial Pick-up Trucks
    • Light Commercial Vans

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:

  • Hybrid and Electric Vehicles
    • BEV
    • FCEV
    • HEV
    • PHEV
  • ICE
    • CNG
    • Diesel
    • Gasoline
    • LPG

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:

Spain Light Commercial Vehicles Market

  • Northern Spain
  • Eastern Spain
  • Southern Spain
  • Central Spain

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.

Competitive Landscape:

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.

Spain Light Commercial Vehicles Market News:

  • February 2025: Kia unveiled photos of its new PV5 electric vans. These vans are made for both passengers and cargo. They will compete with the Volkswagen ID.Buzz. The PV5 comes in different styles and has various interior options. The aim is to provide a better range, more horsepower, and extra cargo space.
  • December 2024: Stellantis and Contemporary Amperex Technology from China signed a deal to invest €4.1 billion in building a battery plant for electric vehicles in Zaragoza, Spain. The factory is set to start making batteries by the end of 2026. It will have the capacity to charge 700,000 cars every day. This shows a big push towards electric vans.

Spain Light Commercial Vehicles Market Report Coverage:

Report Features Details
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:

  • Vehicle Type
  • Propulsion Type
  • Region
Vehicle Types Covered Commercial Vehicles: Light Commercial Pick-Up Trucks, Light Commercial Vans
Propulsion Types Covered
  • Hybrid and Electric Vehicles: BEV, FCEV, HEV, PHEV
  • ICE: CNG, Diesel, Gasoline, LPG
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:

  • How has the Spain light commercial vehicles market performed so far and how will it perform in the coming years?
  • What is the breakup of the Spain light commercial vehicles market on the basis of vehicle type?
  • What is the breakup of the Spain light commercial vehicles market on the basis of propulsion type?
  • What are the various stages in the value chain of the Spain light commercial vehicles market? 
  • What are the key driving factors and challenges in the Spain light commercial vehicles market?
  • What is the structure of the Spain light commercial vehicles market and who are the key players?
  • What is the degree of competition in the Spain light commercial vehicles market? 

Key Benefits for Stakeholders:

  • IMARC’s industry report offers a comprehensive quantitative analysis of various market segments, historical and current market trends, market forecasts, and dynamics of the Spain light commercial vehicles market from 2019-2033.
  • The research report provides the latest information on the market drivers, challenges, and opportunities in the Spain light commercial vehicles market.
  • Porter's five forces analysis assist stakeholders in assessing the impact of new entrants, competitive rivalry, supplier power, buyer power, and the threat of substitution. It helps stakeholders to analyze the level of competition within the Spain light commercial vehicles industry and its attractiveness.
  • Competitive landscape allows stakeholders to understand their competitive environment and provides an insight into the current positions of key players in the market.

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Spain Light Commercial Vehicles Market Size, Share, Trends and Forecast by Vehicle Type, Propulsion Type, and Region, 2025-2033
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