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Norway's Automotive Industry tends to grow at a CAGR of 8.0% during 2017-2025

Automotive and Transportation

Norwegian auto industry is witnessing huge demand for pure electric cars and hybrid vehicles as 52% of the Norwegian vehicles registered in 2017 were electric and hybrid vehicles.

According to Goldstein Research, Norway Automotive Industry is a fast developing industry which in present scenario is being driven by the high adoption of electric vehicles. Sales of new diesel cars witnessed a huge fall in 2017, to 23% from 31% in 2016 in Norway.

The government is taking initiatives such as incentives & tax concessions in order to promote the sales of electric vehicles. 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.

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Further, 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.

The Norway Automotive Industry Report by Goldstein Research highlights the competitive outlook of major Norway players and other global players with a presence in Norway, which includes the business strategies, product portfolio, revenue distribution, financial analysis, R&D activities, and investments. The in-depth analysis of automotive industry report will help the clients to assess their business strategies as per the competitive environment in the market space.

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Major players of the Norway automotive industry discussed in the report are: 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 and Sumitomo Rubber,etc.

Further, Norway Automotive Industry Report encompasses the major trends & growth opportunities, market dynamics, and other growth factors. The Automotive Industry outlook also comprises of key challenges for the market players, risk analysis, SWOT Analysis, BPS analysis, and Market Attractiveness.

The report also includes the expert analysis which provides a complete overview of the market post analysis of the economic, political, environmental & social factors of each region and country.

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