The turnover in the motor vehicle renting and leasing sector in Norway is projected to grow steadily from 9.71 billion Norwegian Krones in 2024 to 10.76 billion in 2028. The year-on-year variation shows moderate growth rates of 2.78% from 2024 to 2025, 2.61% from 2025 to 2026, 2.54% from 2026 to 2027, and 2.48% from 2027 to 2028. Over the last five years, the compound annual growth rate (CAGR) stands at approximately 2.6%.

Future Trends to Watch For:

Technological advancements in car rental services, such as app-based bookings and electric vehicle offerings, are expected to drive sector growth.
Consumer preferences are likely to shift towards more sustainable and eco-friendly vehicle options, influencing the leasing market.
Economic factors, including fluctuations in currency and purchasing power, will continue to impact turnover in this sector.