Domestic tourism expenditure on transport equipment rental services in Norway stood at 425.60 million Norwegian Krones in 2023. This figure is forecasted to grow consistently, reaching 455.95 million by 2028. The year-on-year growth rate from 2024 to 2025 is anticipated to be 1.51%, and from 2025 to 2026, it is 1.46%. The Compound Annual Growth Rate (CAGR) over the five-year period from 2024 to 2028 is expected to be around 1.48%.
Future trends to watch for in this sector include:
- Changes in consumer behavior towards sustainable and eco-friendly transport options.
- Technological advancements in vehicle rental services, such as electric vehicle availability and online booking systems.
- Regulatory changes impacting the market, including policies aimed at reducing carbon emissions.