The turnover in the specialized construction activities sector in Norway is forecasted to grow from 285.41 billion NOK in 2024 to 313.04 billion NOK in 2028. This sustained growth reflects healthy demand and sectoral investment.
The year-on-year growth rates are as follows:
- 2024 to 2025: 2.45%
- 2025 to 2026: 2.38%
- 2026 to 2027: 2.29%
- 2027 to 2028: 2.22%
The Compound Annual Growth Rate (CAGR) over the five-year period from 2024 to 2028 is around 2.33% per year.
Future trends to watch for include the integration of new technologies in construction methodologies, growing sustainability concerns driving green construction demand, and potential regulatory changes impacting the sector's dynamics.