The turnover of urban and suburban passenger land transport in Norway in 2023 was 1.78 billion Euros. The forecasted data from 2024 indicates a steady growth trend, with the value expected to reach 2.10 billion Euros by 2028. Year-on-year variation percentages show an incremental rise of approximately 3.8% from 2024 to 2025, 3.1% from 2025 to 2026, 3.0% from 2026 to 2027, and 2.9% from 2027 to 2028. The compound annual growth rate (CAGR) over these five years is projected to be around 3.4%.
Future trends to watch for include the potential impacts of increased electric and autonomous vehicle adoption, improvements in public transportation infrastructure, and changes in urban mobility policy aiming to reduce carbon emissions and traffic congestion. Additionally, demographic shifts and urbanization trends could further influence the demand for passenger land transport services.
