Forecast: New Buses and Coaches Registrations in Spain

The registration of new buses and coaches in Spain has shown significant fluctuations over the past decade. In 2023, the registrations stood at 3.62 thousand, reflecting a 9.64% increase from the previous year. The upward trend seen since 2021 (following a drastic drop in 2020) suggests a recovery phase, with a positive yet modest CAGR projected at 0.87% from 2024 to 2028. The historical data reveals that the market experienced a peak in 2017, followed by fluctuations, notably a sharp decline in 2020 due to the pandemic.

Future trends to watch for include:

• Continued post-pandemic recovery, potentially stabilizing the market.
• Adoption of greener technologies possibly influencing new bus and coach registrations.
• Government incentives and policies that could impact market dynamics.
• Economic factors such as tourism revival, which could drive demand for new registrations.