The Automotive sector in the CM represents over 17% of the Community’s industrial GDP. Almost 5,000 businesses operate in the region, representing a total job figure (direct and indirect) of 308,000 people. This makes the CM the third automobile business centre in Spain with 21% of Spanish vehicle registrations.
1. Gross Domestic Product
The automotive sector has major effects on the CM economy making it a strategic sector for the region. It represents 17.75% of CM industrial GDP. In financial terms, this means 2,995 million euro. Automotive services in the CM represent 1.43% of total services. (Source: National Institute of Statistics and the CM Institute of Statistics, 2006).
2. Businesses Operating in the Sector
There are almost 5,000 businesses located in Madrid operating in the automotive sector, both on the industrial and commercial sides. Sector structure analysis allows each business subsector to be specified, differentiating the situation of each agent into the Industrial or Services Sector.
These include, amongst other businesses:
PSA Peugeot-Citroën Spain,
IVECO Spain,
John Deere,
Robert Bosch,
Valeo,
Faurecia, Castellón S.A.,
EATON,
APRIM,
TRW, Cojinetes de Fricción, etc. as well as a large number of SMEs.
Madrid is the third automotive auxiliary industry business centre in Spain, concentrating over 13.1% of companies, after Catalonia which houses 36.4% of companies and the Basque Country/Navarre with 24.7%.
The sector employs over 77,000 people directly, with salary levels above the industrial average.
3. Other Useful Information
The sector also represents 21.3% of business turnover and 17% of GAV within mid- and high-tech manufacturing sectors (Source: National Institute of Statistic – 2004).
The automotive industrial sector salary level is higher than the CM industrial average, only surpassed by the chemical sector. The CM collects almost 4,000 million euro in direct taxes per year from the automotive sector.
According to the Department of Transport, in 2005 the CM registered the highest number of registrations in Spain with 487,361 vehicle registrations, comprising almost 21% of the national total. In addition, 20% of the 2006 vehicle registration tax collection came from Madrid, with a total of 320 million euro.
There are a large number of universities and research staff in the CM with specific innovation areas for the automotive sector. They include, amongst others: