The turnover of renting and leasing of motor vehicles in Norway was €950.0 million in 2023. It is forecasted to grow progressively from €974.0 million in 2024 to €1050.0 million by 2028. The year-on-year growth rates indicate a steady increase; approximately 1.9% from 2024 to 2025, roughly 1.7% from 2025 to 2026, around 2.0% from 2026 to 2027, and about 1.9% from 2027 to 2028. The compound annual growth rate (CAGR) over the five-year period from 2024 to 2028 is estimated to be close to 1.95%.
Looking into future trends, consider the impact of advancements in electric vehicle technology, shifts in consumer preferences towards subscription models, and potential changes in regulatory frameworks promoting environmentally friendly transportation options. These factors are expected to influence the renting and leasing market dynamics substantially in coming years.
