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Spanish market research, built for a decision.

Not a market-size report you file and forget. Research scoped to one question — whether to enter Spain, where, and at what cost — produced by the people who would then carry out the entry.

Scope a study ↗ See the four studies Fixed scope · Fixed price · Named analyst
What you get
A decision
A recommendation with the reasoning behind it, not a slide deck of charts.
Who writes it
Practitioners
The team that handles incorporation, tax and banking in Spain — not a research desk that has never filed a Modelo 036.
Typical scope
3–6 weeks
Depending on sector, region and how much primary work the question needs.
First, what this is not

We do not sell market-size reports.

If you are looking for the value of the Spanish market for a product category, with a CAGR and a five-year forecast, buy it from a research publisher — they do that well and cheaply. What we do is different work for a different question: not how big the market is, but whether you should enter it, where, under what rules, and what it will cost you to serve.

Most market research bought by companies entering Spain answers a question nobody was actually asking. The board wanted to know whether to commit; the report came back with a segment size, a growth rate and a competitive landscape slide, none of which said yes or no. The decision then got made on instinct anyway, six weeks later than it needed to be.

Our starting point is the opposite. We ask what decision the research is meant to unblock, then design the smallest study that genuinely unblocks it. Sometimes that is three weeks of regulatory work. Sometimes it is regional demand analysis. Occasionally the honest answer is that you do not need research at all, and we will say so.

Why this comes from a corporate services firm.

It is a fair question. The answer is that the decisions people most often get wrong about Spain are not commercial ones. They are structural, regulatory and operational — exactly the areas a conventional research firm treats as somebody else's problem.

A research firm tells you

The market is worth X and growing at Y

Segment sizes, competitor share, consumer trends, a forecast. Useful context, and entirely silent on whether your product can lawfully be sold here, what an entity and a bank account will take, or what it costs to serve a customer in Galicia versus Madrid.

We tell you

Whether it works, where, and what it takes

Demand evidence tied to the regulatory position, the cost to serve by region, the structure the entry actually requires, and the sequence and timeline to get there — because we do that part too.

Market research services for industrial and commercial businesses.

Most of this work is commissioned by industrial and commercial businesses rather than by consumer brands — manufacturers weighing a Spanish subsidiary, B2B service companies assessing whether the market supports a local presence, distributors and trading companies mapping a sector before committing, and professional firms needing Spanish grounding for a client matter.

That shapes the method. Industrial and commercial questions are rarely answered by consumer survey data. They are answered by sector registries, the deposited accounts of comparable Spanish companies, procurement and tender records, trade statistics, and structured conversations with people who actually operate in the sector. The unit of analysis is a buying organisation, not a consumer panel.

Sector families this work typically covers
Manufacturing and industrial
Capital equipment, components, industrial services. Long cycles, technical evaluation, concentrated buyers in the northern and Catalan belts.
Trade and distribution
Import, export and wholesale. Channel structure, margin expectations and the logistics geography that decides cost to serve.
Technology and software
B2B software and services, including AI systems where the regulatory position now shapes market access as much as demand does.
Professional and financial services
Advisory, legal and financial firms assessing a Spanish presence, or needing Spanish market and regulatory grounding for a client.
Agrifood and consumer goods
Where the buyer is a retail group or distributor rather than an end consumer — a concentrated and highly regional set of decision-makers.
Regulated products
Health, food, financial and AI-adjacent categories, where the regulatory assessment usually has to come before anything commercial is worth modelling.

If your sector is not on that list it does not mean we cannot do the work. It means the first call should establish whether the question is one that desk sources and sector filings can genuinely answer, or whether it needs a specialist we would point you to instead.

Four studies, scoped to four questions.

Each can be commissioned on its own. Most entries need one or two, not all four, and we will tell you which.

How a study is run.

Step 01
Define the decision, not the topicA free call to establish what you will do differently depending on the answer. If nothing changes either way, there is no study worth commissioning and we will say so.
Step 02
Fixed scope and priceA written scope naming the questions, the sources, the deliverable and the date. No hourly drift.
Step 03
Desk and official sourcesINE, sector registries, official statistics, regulatory texts, trade and industry data, and the public filings of comparable companies at the Commercial Registry.
Step 04
Primary work where it earns its costStructured conversations with operators, buyers or specialists in the sector, in Spanish, where desk sources cannot answer the question.
Step 05
A recommendation you can act onThe finding, the reasoning, the uncertainty stated honestly, and the next concrete step — with the structural and timing implications spelled out.

Spain is not one market.

The most consequential thing research can tell an entrant is usually geographic. Roughly half the population lives in a community with its own co-official language, its own media, its own buying culture and, in several cases, its own regional administration to deal with. National averages hide all of it.

What differs by region
Madrid
Corporate and public sectorHead offices, national accounts, administration. Highest costs, formal procurement, shortest patience.
Catalonia
Industry and technologyManufacturing, logistics, design and scale-ups. Catalan matters commercially.
Valencia
Mid-market and tradePort-driven, agrifood, growing tech. Lower cost of entry than Madrid or Barcelona.
Andalusia
Scale and price sensitivityLargest population. Tourism, agriculture, services, significant regional procurement.
Basque Country
Engineering and cooperativesDeep technical buying, long cycles, exceptional supplier loyalty.
Galicia
Retail, food, textileConcentrated corporate buyers; proximity and local references weigh heavily.

Who commissions this.

01
Foreign companies weighing SpainA board that needs a defensible yes or no, with the cost and timeline attached, before committing budget to a market it does not know.
02
Companies already trading, badlyRevenue below plan and no clear read on why. Usually a segment, region or positioning problem rather than a demand problem.
03
Professional firms and advisersLaw firms, consultancies and investors needing Spanish market or regulatory grounding for a client matter or a transaction.
If the answer is yes

The same team then builds the entity.

Research that recommends entry hands over to incorporation, tax activation and banking without a handoff to another firm and without re-explaining your business from the start.

Company formation ↗

What a deliverable contains.

Every study, regardless of type
  • The recommendation first — on page one, in a paragraph, not buried behind forty slides
  • The reasoning — what we found, and why it points where it points
  • Sources named — so you can check anything you doubt
  • Uncertainty stated — what we could not establish and what it would take to establish it
  • Regional breakdown where the question is geographic
  • Regulatory position where the product or service is regulated
  • Cost and timeline for the recommended path, in real numbers
  • The next concrete step, whether or not that step involves us
Sources we work from
INE
Instituto Nacional de Estadistica — the national statistics office; demographic, economic and sector data.
Registro Mercantil
Commercial Registry filings, including the deposited accounts of competitors and comparable Spanish companies.
BOE
Boletin Oficial del Estado — the official gazette, where the regulatory position is actually established.
ICEX
Spain's trade and investment agency; sector studies and export-import data.
Camaras de Comercio
Regional chambers of commerce — local sector intelligence that national sources miss.
Estudios de mercado
The Spanish term for market studies; what your Spanish counterparties will call this work.
Frequently asked
Do you sell market size reports for Spain?
No. If you need the value of a product category in Spain with a growth forecast, a research publisher will sell you that faster and cheaper than we could. We work on the decision layer above it: whether to enter, where, under what regulatory conditions, and at what cost to serve.
How much does a market study cost?
It depends entirely on the question and how much primary work it needs, so we scope and price before starting rather than quoting a range that would be meaningless. The first call, in which we establish whether a study is even warranted, is free and carries no obligation.
How long does it take?
Typically three to six weeks. A narrow regulatory assessment can be quicker; a study requiring structured primary conversations in a specialised sector takes longer. The date goes in the written scope before work begins.
Can you do the research in Spanish?
We work in Spanish throughout — sources, official texts, filings and any primary conversations — and deliver in English or Spanish as you prefer. That is the point of using a team based in Spain rather than one summarising translated material.
What if the research says do not enter?
Then it has done its job and saved you considerably more than it cost. We have no incentive to manufacture a yes: we would rather decline a formation than deliver one into a market where the numbers did not support it.
Do you also help us find distributors or partners?
No. Partner and distributor search is a distinct discipline and we do not offer it. Research can tell you how a sector reaches buyers in Spain and what channel economics look like; finding and negotiating with a specific partner is work for a specialist, and we would rather say so than take the engagement.
Scope, timelines and sources vary by engagement. Research findings are analysis, not legal, tax or investment advice; regulatory conclusions are reviewed against the applicable texts but any decision with legal or fiscal consequences should be confirmed professionally before acting.

Research should end an argument. Not start a slide deck.

Scope a study ↗
20 minutes · No commitment · We will say if you do not need one
About the author
AB

Alexander Baranov

Founder, Voixa Consultors · International corporate structuring since 2008

Seventeen years designing and delivering cross-border corporate structures — incorporation, tax, holding, banking and market entry — for founders and companies expanding into Spain and the EU. Author of professional books on entering the Spanish market.

More about Voixa and the team ↗
Market Entry to Spain book cover
Book · Kindle
Market Entry to Spain Strategy, corporate structure, tax and growth — the long-form treatment of the decisions covered here.
Read on Amazon ↗