The diesel truck (5-20 tonnes) market value per capita in Norway reached $86.96 in 2023. The year-on-year change from 2022 to 2023 shows a marginal increase of approximately 0.95%. The last two years exhibit varied growth, with a noticeable recovery following 2020's decline to $70.08. Over the past five years, the compound annual growth rate (CAGR) has averaged around 2.19%, depicting a rebound trajectory post-2020's downturn.
Future trends to watch include:
- The impact of stricter environmental regulations favoring electric and hybrid models.
- Technological advancements driving efficiency in diesel engines.
- Potential shifts due to fuel price volatility and geopolitical factors.
