The internal tourism expenditure on transport equipment rental services in Norway is forecasted to rise from 825.02 million NOK in 2024 to 891.01 million NOK in 2028. This represents an average increase of 8.01 million NOK per year over the forecasted period. The year-on-year growth rates are consistent, showing a steady upward trend. Between 2024 and 2028, the compound annual growth rate (CAGR) is projected to be approximately 1.94%.
Future trends to watch for:
- The impact of technological advancements in rental services, such as app-based bookings and electric vehicle rentals, on tourism expenditure.
- How environmental sustainability trends influence the demand for eco-friendly transportation options in tourism.
- Changes in international travel restrictions or domestic tourism policies affecting internal tourism dynamics.
- Economic factors such as inflation and currency fluctuations potentially impacting rental prices.
