The toys and games market in Norway saw an actual turnover of 2.2 million euros in 2023. Forecasted data indicates a steady growth trend with values projected to increase from 2.3 million euros in 2024 to 2.5 million euros by 2028. This shows a year-on-year growth of approximately 4.5% from 2023 to 2024, and a further growth of around 2.1% from 2024 to 2025. The compound annual growth rate (CAGR) from 2023 to 2028 is approximately 2.67%.
Future trends to watch for include:
- Increased digital and interactive toy integration
- Heightened consumer demand for eco-friendly and sustainable products
- Potential impact of economic factors on consumer spending
- Technological advancements driving innovation in the industry
- Demographic shifts influencing product preferences