The new registrations of motor coaches, buses, and trolleybuses in Spain have shown considerable fluctuation over the past decade, with significant growth phases and some decline periods. In 2023, the registration volume stood at 4.47 thousand, displaying a modest year-on-year growth of 2.5% from 2022. Over the last two years, we observed variations of 8.01% in 2022 and 2.5% in 2023. The Compound Annual Growth Rate (CAGR) over the past five years ending in 2023 has been 3.03%, reflecting moderate growth.
Future trends to watch for include a forecasted CAGR of 1.9% from 2024 to 2028, with an overall growth rate of 9.88% during this period. Emerging trends, technological advancements in public transportation, and governmental policies aimed at promoting sustainable transit solutions will be crucial in shaping the future landscape of new motor coach, bus, and trolleybus registrations in Spain.
