The forecasted production value of road freight transport in Norway showcases a steady growth trajectory from 2024 to 2028. Starting at 5.9 billion euros in 2024, the value is projected to rise incrementally to 6.09 billion euros by 2028. This demonstrates a consistent year-on-year increase, highlighting resilience in the sector.
When examining the period from 2024 to 2028, the year-on-year variation is minimal yet positive: 0.85% from 2024 to 2025, 0.67% from 2025 to 2026, 0.84% from 2026 to 2027, and 0.83% from 2027 to 2028. The projected compound annual growth rate (CAGR) over these four years averages around 0.8%.
In 2023, the production value stood at 5.85 billion euros, establishing a baseline for these growth projections.
Future trends to watch for include shifts in regulatory policies, the impact of technological advancements such as autonomous vehicles, and the potential influence of sustainability initiatives on the road freight transport sector. Additionally, economic fluctuations and changes in trade patterns may further drive or hinder growth within this industry.