Internal tourism consumption of transport equipment rental services in Norway is forecasted to rise from 825.02 million NOK in 2024 to 891.01 million NOK by 2028. Given that this series for 2023 stands at 800 million NOK, it reflects a steady year-on-year growth. Specifically, we observe a 2.07% increase from 2024 to 2025, a 1.97% rise from 2025 to 2026, 1.90% from 2026 to 2027, and 1.83% from 2027 to 2028. The Compound Annual Growth Rate (CAGR) over the last five years is projected to be 2.2%, highlighting a consistent upward trend.
Future trends to watch for include technological advancements in rental services, such as increased use of mobile apps and digital platforms, the rising preference for eco-friendly transport options, and potential regulatory changes impacting the rental market.
