9.1% of Spanish companies improved their machinery equipment in 2020

The renewal of machines in Spain has been more intense in the manufacturing industry than in the services

How old are the productive assets of the Spanish business network? 9.1% of companies have recently undertaken to modernize their machine park. This compares to the 0.2% who work with outdated equipment.The data comes from almost 250,000 interviews with management teams of Spanish companies carried out by Iberinform in 2020. This is equivalent to the largest fieldwork carried out each year in Spain.

New machines are one of the main tools for introducing R&D inputs into production processes, improving margins and contributing to the value chain. In Spain, for every company working with obsolete machinery, 45 companies improve their production capacity. The phenomenon also occurs in the improvement of the production tool, although it is less intense. Seven percent of companies have recently upgraded their workspace, compared to 0.4% operating in areas in poor condition.

Galicia offers very high percentages of modernization, both of its machinery (14.2%) and of its facilities (23.5%). In addition to Galicia, the processes of improving machinery production capacity are particularly intense in Navarre (24.6%), the Balearic Islands (23%), the Basque Country (15.6%), the Valencian Community ( 15.2%) and in Asturias (14.4%). In the case of facilities, Cantabria (23.4%), Asturias (11.9%) and Murcia (11.9%) stand out. By sector, the renewal of production capacity was most intense in the manufacturing industryservice tracking.