The turnover for doors and metal windows in Norway stood at 268.5 million Euros in 2023. The forecasted data for the sector indicates a moderate but consistent year-on-year decline from 2024 through 2028, with values dropping from 263.6 million Euros in 2024 to 244.2 million Euros in 2028. Specifically, the turnover is expected to decrease by approximately 1.9% each year.
Analysis of year-on-year variation shows:
- From 2024 to 2025: -1.9%
- From 2025 to 2026: -1.9%
- From 2026 to 2027: -1.9%
- From 2027 to 2028: -1.9%
The Compound Annual Growth Rate (CAGR) over the forecast period (2024-2028) is approximately -1.9%, indicating a uniform downward trend in the turnover.
Future trends to watch for include:
- Potential impacts of innovative materials and technologies that could alter market dynamics.
- Regulatory developments related to energy efficiency and environmental sustainability.
- Economic factors that might influence construction and renovation activities in Norway, including interest rates and government spending on infrastructure.
