BROWSE THROUGH OUR TRADE FAIRS IN MADRID FOR AUTOMOBILE - AUTOMOTIVE INDUSTRY INDUSTRY

Madrid is one of Spain’s urban centres to feature a well-developed and established automotive industry. This is due to the city and the Community is it a part of being pivotal for the country’s automotive segment. For instance, within 350 kilometres of the city are ten industrial centres. They feature the manufacturing sites of leading pre-eminent brands. Such sites produce 60% of the manufactured vehicles in the country. Additionally, within the same distance are 60% of the component enterprises of the country’s automotive sector. As a result, the city and its Community feature over 1 000 enterprises related to the segment. Such enterprises generate approximately 3 000 000 000 EUR on an annual basis. This often comprises 1.5% of the city and region’s GDP. As a result of such contributions, the segment is one of the pivotal economic segments of the urban centre and region. For instance, it has received governmental support, including in recent years. One such example is the provision of strengthening funds in the form of 514 000 000 EUR after the onset of the global pandemic. Often, such funding is employed to aid the research and development of the segment. This includes adapting to the latest challenges. Examples include sustainability and digitalisation. Such innovations are often displayed during triennial trade expositions hosted in the city. Such events attract tens of thousands of participants to diverse event sites in Madrid.