Forecast: New Buses and Coaches Registrations in Norway

The registration of new buses and coaches in Norway stood at 2.38 thousand units in 2023. The forecast for 2024 suggests a minor increase to 2.4 thousand units, and this trend shows a steady rise over the next five years, with 2028 expected to see 2.46 thousand registrations. Year-on-year, the growth rates remain modest, with a 0.83% increase from 2024 to 2025, followed by successive annual increases of around 0.41% to 0.82%. The Compound Annual Growth Rate (CAGR) from 2023 to 2028 is approximately 0.67%, indicating a stable, albeit slow, upward trend.

Future trends to watch for:

- Adoption of electric and hybrid buses, aligning with Norway's sustainability goals.

- Technological advancements and digitalization within the public transportation sector.

- Government policies and incentives related to green transportation solutions, which could potentially accelerate growth in new registrations.

- Urbanization and infrastructure development impacting demand for public transportation.