In the Norwegian sports goods manufacturing sector, turnover for 2023 was 1.4 billion Norwegian Krones. Forecasted data from 2024 to 2028 shows a steady increase: 1.45 billion for 2024, rising to 1.55 billion by 2028. The year-on-year growth rates display a consistent positive trend with slight increments: from 1.38% in 2024 to 1.97% in 2028. The average annual growth rate (CAGR) over the 5-year period from 2023 to 2028 is approximately 2.03%.
Future trends to watch for include the increasing demand for innovative sports goods, the impact of digitalization and e-commerce on sales channels, sustainability and eco-friendly product development, and potential economic shifts impacting consumer spending.
