Forecast: Number of ATMs (Automated Teller Machines) in Spain

The number of ATMs in Spain per hundred thousand persons is forecasted to be 85.39 units in 2024, gradually decreasing each year to reach 76.01 units by 2028. The actual value in 2023 was not provided, thus making it challenging to establish a concrete baseline for 2024. However, analyzing the forecasted data, we observe a consistent year-on-year decline in ATM density. Specifically, the annual decrease is projected at 3.41% from 2024 to 2025, 3.03% from 2025 to 2026, 2.67% from 2026 to 2027, and 2.35% from 2027 to 2028. This results in a cumulative average growth rate (CAGR) of approximately -2.87% over the five-year period from 2024 to 2028.

Future trends to watch for include the growing adoption of digital banking and contactless payment methods, which may further reduce the need for physical ATMs. Additionally, bank consolidation and branch closures could contribute to this declining trend. Monitoring technological advancements and shifts in consumer behavior will be essential for understanding the evolving landscape of ATM usage.