In 2023, the production in the renting and leasing of motor vehicles sector in Norway stood at 9.34 billion Norwegian Krones. Based on the forecasted data, the sector is projected to rise steadily from 9.6 billion in 2024 to 10.64 billion in 2028. This represents a consistent year-on-year growth of approximately 2.7% in 2025, 2.74% in 2026, 2.47% in 2027, and 2.5% in 2028. The Compound Annual Growth Rate (CAGR) over the five-year period is estimated at around 2.64%.

Future Trends to Watch For:

Technological advancements in vehicle leasing and rental platforms
Increasing demand for electric and hybrid vehicle options
Shifts in consumer behavior towards flexible and short-term leasing options
Growth in corporate fleet leasing driven by business expansions and sustainability goals