As of 2023, the production value of urban and suburban passenger land transport in Norway stands at 1.80 billion Euros. Forecasts predict an increase to 1.86 billion Euros in 2024, continuing to rise to 2.11 billion Euros by 2028. The year-on-year growth rates are as follows: 3.33% from 2024 to 2025, 3.65% from 2025 to 2026, 3.02% from 2026 to 2027, and 2.93% from 2027 to 2028. Over the next five years, the compound annual growth rate (CAGR) is projected to be approximately 3.25%, reflecting sustained growth in this sector.
Future trends to watch for include increased investments in sustainable and green transportation solutions, potential technological advancements such as autonomous transit systems, and shifts in demographic patterns that could influence public transportation demand.
