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Norway Commercial Vehicle Industry Outlook 2022 - 2026

See how Norway Commercial Vehicle performed compared to key markets such as Canada, Mexico and Argentina.

Key Market Indicators

Norwegian commercial vehicle registrations are set to reach around 259,000 units by 2026, representing an annual growth rate of 4.8% since 2021. This is a considerable increase from 2010, when the market was just 36.8% of its 2021 size. Japan was the largest market in 2021, with 207,810 units, followed by Mexico, Argentina and Australia respectively. Meanwhile, diesel truck sales are expected to reach $464 million by 2026, showing a year on year growth rate of 0.9%. This is slightly lower than the rate seen in 2020, when demand declined by 0.9%. France, Italy and Australia were the largest markets in this ranking, following the same order.

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