Employment in the wholesale of machinery, equipment, and supplies sector in Norway is forecasted to see a gradual decline over the coming years. Starting from an estimated 25.41 thousand FTE in 2024, employment is expected to decrease to 23.86 thousand FTE by 2028. This indicates a downward trend with an average annual decrease of approximately 1.6%.
Year-on-year percentage variations show:- -1.57% from 2024 to 2025- -1.56% from 2025 to 2026- -1.54% from 2026 to 2027- -1.57% from 2027 to 2028
From 2023 to 2025, the sector experienced a reduction of around 2.5%, reflecting consistent annual declines.
Trend over the five years can be encapsulated with a Compound Annual Growth Rate (CAGR) of approximately -1.5%, indicating a steady reduction in employment levels.
Future trends to watch for include advancements in automation and technology adoption which could further impact employment negatively. Conversely, growth opportunities might arise from evolving demand patterns for specialized and advanced machinery and equipment in various Norwegian industries.
