The Spanish automotive components industry spans over 170 countries on all five continents, exporting more than 58% of its revenue. In this context, the sector of equipment and components plays a crucial role in the vehicle value chain, contributing around 75% to its total, a percentage expected to increase as components become increasingly technologically sophisticated.
The international expansion of the equipment and components industry is attributed to the high productivity and quality of Spanish automotive suppliers, the advanced skills of their workforce, significant investment in R+D, and strong commitment to environmental responsibility.
Autoparts from Spain supports the automotive components sector as a Spanish brand, and therefore, we have launched the campaign "SpanishAutomotiveSuppliersAre" to highlight everything that Spanish automotive suppliers are and represent.
Spanish automotive component companies have made a strong commitment to research, development, and innovation, recognizing the dynamism of the sector and the need to create new products that meet the increasingly demanding requirements of manufacturers. With an investment of over €1.5 million, the Spanish automotive equipment and components industry is a leader in R+D both nationally and internationally. This significant investment in R+D corresponds to 4.2% of its revenue, triple the industrial average in Spain.
Moreover, quality is a hallmark of the Spanish automotive components industry, ensuring high-quality standards in every phase of vehicle construction, from design to manufacturing.
To achieve excellent performance, component manufacturers invest significantly in developing new products and more efficient manufacturing processes, always oriented towards quality and sustainability. With these efforts, the Spanish automotive equipment and components industry offers high added value through continuous improvement in product, process, and service.
These high standards of quality, commitment, professionalism, sustainability, and innovation have made the Spanish automotive components brand present in over 170 countries. Despite the health crisis caused by COVID-19 in recent months, it continues to be the top choice for many manufacturers and consumers.
When we speak about road safety, it is impossible not to highlight the so important role brake systems play.
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The Spanish automotive industry is well-known internationally because of its excellence and innovation capabilities.
