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Norway New Cars Market to 2027

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    Report

  • 51 Pages
  • November 2023
  • Region: Norway
  • MarketLine
  • ID: 5928274
New Cars in Norway industry profile provides top-line qualitative and quantitative summary information including: market size (value 2017-22, and forecast to 2027). The profile also contains descriptions of the leading players including key financial metrics and analysis of competitive pressures within the market.

Key Highlights

  • The market for new cars consists of the retail sales/registrations of new passenger cars. Passenger cars include saloons, hatchbacks, SUVs, 4x4s, and light pickup vehicles.
  • The Norwegian new cars market had total revenues of $7.2 billion in 2022, representing a compound annual growth rate (CAGR) of 3.2% between 2017 and 2022.
  • The market consumption volume increased with a CAGR of 3.5% between 2017 and 2022, to reach a total of 172,626.0 units in 2022.
  • According to in-house research, in 2022, Norway accounted for 1.8% of the European new cars market. However, as a result of the Russia-Ukraine conflict, market growth remained highly volatile.

Scope

  • Save time carrying out entry-level research by identifying the size, growth, major segments, and leading players in the new cars market in Norway
  • Use the Five Forces analysis to determine the competitive intensity and therefore attractiveness of the new cars market in Norway
  • Leading company profiles reveal details of key new cars market players’ global operations and financial performance
  • Add weight to presentations and pitches by understanding the future growth prospects of the Norway new cars market with five year forecasts

Reasons to Buy

  • What was the size of the Norway new cars market by value in 2022?
  • What will be the size of the Norway new cars market in 2027?
  • What factors are affecting the strength of competition in the Norway new cars market?
  • How has the market performed over the last five years?
  • What are the main segments that make up Norway's new cars market?

Table of Contents

1 Executive Summary
1.1. Market value
1.2. Market value forecast
1.3. Market volume
1.4. Market volume forecast
1.5. Geography segmentation
1.6. Market share
1.7. Market rivalry
1.8. Competitive landscape
2 Market Overview
2.1. Market definition
2.2. Market analysis
3 Market Data
3.1. Market value
3.2. Market volume
4 Market Segmentation
4.1. Geography segmentation
5 Market Outlook
5.1. Market value forecast
5.2. Market volume forecast
6 Five Forces Analysis
6.1. Summary
6.2. Buyer power
6.3. Supplier power
6.4. New entrants
6.5. Threat of substitutes
6.6. Degree of rivalry
7 Competitive Landscape
7.1. Market share
7.2. Who are the leading players?
7.3. What are the strengths of the leading players?
7.4. What strategies do the leading players follow?
8 Company Profiles
8.1. Volkswagen AG
8.2. Tesla, Inc.
8.3. Geely Automobile Holdings Ltd
8.4. Toyota Motor Corporation
9 Macroeconomic Indicators
9.1. Country data
10 Appendix
10.1. Methodology
10.2. Industry associations
10.3. Related research
10.4. About the Publisher
List of Tables
Table 1: Norway new cars market value: $ billion, 2017-22
Table 2: Norway new cars market volume: units, 2017-22
Table 3: Norway new cars market geography segmentation: $ billion, 2022
Table 4: Norway new cars market value forecast: $ billion, 2022-27
Table 5: Norway new cars market volume forecast: units, 2022-27
Table 6: Norway new cars market share: % share, by volume, 2022
Table 7: Volkswagen AG: key facts
Table 8: Volkswagen AG: Annual Financial Ratios
Table 9: Volkswagen AG: Key Employees
Table 10: Volkswagen AG: Key Employees Continued
Table 11: Tesla, Inc.: key facts
Table 12: Tesla, Inc.: Annual Financial Ratios
Table 13: Tesla, Inc.: Key Employees
Table 14: Geely Automobile Holdings Ltd: key facts
Table 15: Geely Automobile Holdings Ltd: Annual Financial Ratios
Table 16: Geely Automobile Holdings Ltd: Key Employees
Table 17: Toyota Motor Corporation: key facts
Table 18: Toyota Motor Corporation: Annual Financial Ratios
Table 19: Toyota Motor Corporation: Key Employees
Table 20: Toyota Motor Corporation: Key Employees Continued
Table 21: Norway size of population (million), 2018-22
Table 22: Norway gdp (constant 2005 prices, $ billion), 2018-22
Table 23: Norway gdp (current prices, $ billion), 2018-22
Table 24: Norway inflation, 2018-22
Table 25: Norway consumer price index (absolute), 2018-22
Table 26: Norway exchange rate, 2018-22
List of Figures
Figure 1: Norway new cars market value: $ billion, 2017-22
Figure 2: Norway new cars market volume: units, 2017-22
Figure 3: Norway new cars market geography segmentation: % share, by value, 2022
Figure 4: Norway new cars market value forecast: $ billion, 2022-27
Figure 5: Norway new cars market volume forecast: units, 2022-27
Figure 6: Forces driving competition in the new cars market in Norway, 2022
Figure 7: Drivers of buyer power in the new cars market in Norway, 2022
Figure 8: Drivers of supplier power in the new cars market in Norway, 2022
Figure 9: Factors influencing the likelihood of new entrants in the new cars market in Norway, 2022
Figure 10: Factors influencing the threat of substitutes in the new cars market in Norway, 2022
Figure 11: Drivers of degree of rivalry in the new cars market in Norway, 2022
Figure 12: Norway new cars market share: % share, by volume, 2022

Companies Mentioned (Partial List)

A selection of companies mentioned in this report includes, but is not limited to:

  • Volkswagen AG
  • Tesla, Inc.
  • Geely Automobile Holdings Ltd
  • Toyota Motor Corporation