After a 2023 marked by growth both domestically and internationally, driven by large retailers and specialized merchants, 2024 continues to consolidate as a period of sustained expansion for the Spanish hardware components & tools sector. Exports, particularly to European markets, remain a key driver of success.
In the third quarter of 2024, the sector experienced overall growth of 5.2%, with traditional hardware stores standing out with a 10.5% increase. Large retailers recorded a 4.6% growth, forecasting a positive close for the year.
Internationally, exports continue to be dominated by the European Union, with Portugal, France, and Germany as the top three destinations, reflecting the trend observed in 2023. Outside Europe, the United States and Mexico remain the top destinations, though markets such as the Middle East and North Africa are gaining relevance, albeit with lower volumes. The focus on quality and customization is helping Spanish companies stand out in an increasingly competitive global environment.
The Spanish hardware components & tools sector continues to project sustained growth heading into 2025, though this is contingent on factors such as logistics costs, inflationary pressure, and the geopolitical context. Despite these challenges, significant opportunities are emerging in emerging markets and the transition to sustainable solutions.
Investments in digitalization and sustainability, as well as strengthening supply chains, are expected to be critical in maintaining competitiveness. Demand is expected to rise for specialized and high-quality products, areas where Spanish companies have already demonstrated leadership. Additionally, major international events such as BAU 2025, or Batimat and Eisenwarenmesse 2026 will be key opportunities to attract new customers and strengthen strategic partnerships.
Opportunities
Challenges
The Spanish hardware components & tools sector is well positioned to face the challenges of 2025. Its ability to balance growth in traditional markets with diversification into new regions, along with a focus on quality, sustainability, and digitalization, will be key to securing a prosperous future. While the challenges are considerable, the opportunities for sustainable and innovative growth are within reach for companies that adopt a global and proactive vision.
