The number of motor coaches, buses, and trolley buses seats in Spain was recorded at 2.8912 billion units in 2023. Examining trends over the past decade, the market demonstrated a steady increase from 2014 until 2019. The COVID-19 pandemic in 2020 brought a significant dip of 16.7% year-on-year. Post-2020, the market rebounded with notable growth, especially in 2021 with a 14.86% increase. Over the last two years, the growth rate stabilized, demonstrated by a 5.62% increase in 2022 and a 0.34% increase in 2023. The last 5-year CAGR stands at 0.27%.
Future trends indicate a steady yet modest growth expectation with a forecasted 5-year CAGR of 0.29% from 2024 to 2028, leading to a total growth of 1.44% over the same period. Key trends to monitor include technological advancements in electric and autonomous public transportation, as well as policy shifts towards sustainable and eco-friendly transportation solutions in urban areas.
