Road passenger transport in Spain experienced fluctuations from 2013 to 2023, with notable declines in 2014 and 2017, but overall showed a marginal upward trend towards the end of this period. In 2023, road passenger transport stood at 377.89 billion passenger kilometers.
Recent year-on-year variations have remained relatively stable, with minimal changes noted (e.g., 0.24% increase in both 2022 and 2023), indicating a period of steadiness in the sector. The compound annual growth rate (CAGR) over the last five years up to 2023 was modest at 0.27%, reflecting gradual recovery and stabilization post previous declines.
Looking forward, the forecast from 2024 anticipates a continual slow growth with a projected CAGR of 0.2% over the next five years, reaching 382.58 billion passenger kilometers by 2028, translating to a forecasted growth rate of 0.98% from 2024 to 2028.
Future trends to watch for include the impact of technological advancements in transportation, such as electric and autonomous vehicles, and potential government initiatives aimed at boosting sustainable mobility. Additionally, monitoring changes in travel behavior post-pandemic will be crucial to understanding future transport demand dynamics.
