The road passenger transport movements in Spain showed fluctuating trends from 2013 to 2023, with notable differences year-on-year. The sector had some declines, especially during 2020 with a significant dip of 24.19%, attributed to the COVID-19 pandemic, followed by a recovery phase. By 2023, the value stood at 376.84 Billion Passenger Kilometers, exhibiting an annual growth rate of 5.31%. The Compound Annual Growth Rate (CAGR) for the last five years is at a modest 0.22%. Forecasts indicate a steady incremental growth, with a five-year forecasted CAGR of 0.16% and a five-year growth rate of 0.81% beyond 2023.
Future trends to watch for include the impact of sustainable transport initiatives, technological advancements in mobility, and the potential influence of economic and regulatory changes on passenger behavior and transport demand. Additionally, the shift towards electric vehicles and autonomous transport systems may significantly alter the landscape of road passenger transport.
