The wholesale of machinery, equipment, and supplies sector in Norway showed strong production growth from a base of 62.5 billion Norwegian Krones in 2023. The forecasted values for the sector are set to increase consistently, with projections of 63.19 billion in 2024, 63.87 billion in 2025, 64.54 billion in 2026, 65.2 billion in 2027, and 65.85 billion in 2028. These projections represent year-on-year growth rates of approximately 1.1% to 1.2% from 2024 to 2028. The compound annual growth rate (CAGR) over this five-year period is estimated to be around 1.3%.

Future trends to watch for:

Technological advancements in machinery and equipment, which could potentially accelerate growth.
Economic policies and global trade dynamics that may impact the sector’s performance.
Increasing emphasis on sustainable and energy-efficient machinery, driving new market demands.