Norway Automotive Industry: Market Research Outlook (Market Size, Share, Scope, Y-O-Y Growth Analysis, Trends, Key Players, Insights, Market Data Forecast 2017-2030)

Norway Automotive Industry Market Overview

Electric and hybrid cars sale rose above half of the new vehicle registrations in Norway in 2017, this significant growth is aided by plentiful subsidies that stretched the country’s lead in shifting from conventional internal combustion engines. Pure electric cars and hybrid vehicles, which have both battery power and diesel or petrol engines, accounted for 52% of all new car sales in 2017 Norway with 40% in 2016. Among other nations such as France and Britain plan to ban sales of petrol and diesel cars by 2040. Sales of new diesel cars witnessed a huge fall in 2017, to 23% from 31% in 2016. Some regions in Norway have started to charge higher road tolls for diesel cars than for petrol-driven vehicles, which is also fueling the growth of new electric vehicles in the region. Norway’s new objective is 200,000 electric vehicles (7% of total existing vehicle fleet) by 2018 which is providing huge opportunities for the automotive industry market players to expand their business in Norway in electric vehicles segment. Moreover, outstanding growth of electric vehicles in the region is likely to expand the business of charging infrastructure and battery providers in the region. Ob the other hand, conventional vehicles in the region are likely to witness a significant decline in the sales as these vehicles are heavily taxed and the consumer is shifting towards the cheaper alternatives.

Norway Automotive Industry Size & Forecast to 2030

Goldstein Market Intellligence analyst forecast the Norweign Auto Industry is likely to grow at a CAGR of around 8% through the forecast period 2017-2030. Electric or hybrid vehicles in Norway accounted for more than half of all new vehicles registered in the country in 2017. Zero-emission, generally all-electric and few hydrogen-powered cars registered 20.9% of total sales in 2017. This signifies an upsurge over 2016, when electric and hybrid cars accounted for 15.7% and 24.5% respectively of total sales, making Norway a global leader in electrifying road transport.

Key Issues Addressed

• The role of the economic and business environment in automotive market sales
• What are growing technology and business trends?
• What is the growth potential of Norway passenger cars and commercial vehicles?
• How are consumer preferences changing in the country?
• How is the Norway automobile industry structured?
• Who are key market leaders and what is their market share?

Covered in This Norway Automotive Industry Report

The report covers the present ground scenario and the future growth prospects of the Norway automotive industry for 2017-2030 along with the total sales of automobiles in the country and international markets, and the total revenue from aftermarkets, service providers and automotive components industry. We calculated the market size and revenue share on the basis of revenue generated from the sales of automobile and component manufacturers across Norway. The Norway automobile industry is also compared with its peer countries in the region for an enhanced understanding of the present position of the industry. Further, regional and global trends in the automotive industry are also comprised in the research publication. 

Norway Automotive Industry Report by Goldstein Research has been prepared based on an in-depth market analysis from industry experts. The report covers the competitive landscape and current position of major players in the Norway automotive industry market. The report also includes Porter's five force model, SWOT analysis, company profiling, business strategies of market players and their business models. Norway automotive industry report also recognizes value chain analysis to understand the cost differentiation to provide a competitive advantage to the existing and new entry players.

Norway Automotive Companies (Key Market Players)

Our report comprises of the following companies as the key players in the Norway automotive industry.

• Daimler AG
• Porsche AG
• Volkswagen
• Audi AG
• BMW
• Ford Motor Company
• Opel Automobile GmbH
• Škoda Auto
• Groupe Renault
• Hyundai Motor Company
• Robert Bosch GmbH
• Continental AG
• Denso Corp
• Johnson Controls Inc.
• Magna International Inc.
• BASF SE
• Mahle GmbH
• Behr GmbH
• Bridgestone
• Michelin
• Goodyear
• Sumitomo Rubber

The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors.

For a full detailed overview, send us request for market report sample.

Key questions answered in this research report

• What is the total market size by 2030 and what would be the expected growth rate of sales?
• What are the total sales in 2016-17 (Units) and what would be the expected demand over the forecast period?
• What are the key market trends?
• What are the factors which are driving this market?
• What are the major barriers to market growth?
• Who are the key vendors in this market space?
• What are the market opportunities for the existing and entry-level players?
• What are the recent developments and business strategy of the key players?

Reasons to buy this Industry study

• Facilitate decision-making based on strong historic and forecast data for Norway automotive industry
• Develop strategies based on the latest regulatory framework
• Position yourself to gain the maximum advantage of the Norway automotive industry growth potential
• Identify key partners and business development avenues across the country
• Respond to your competitors’ business structure, strategy and prospects