Industry Statistics and Rankings
How does this industry perform in Norway compared to Europe?
Country Benchmarking
Industry Data Norway
Ranking are out of 37 European countries for which IBISWorld provides country-level factsheets.
Revenue
#20 In EuropeBusiness
#21 In EuropeEmployees
#20 In EuropeWages
#19 In EuropeThe Engine & Turbine Manufacturing in Norway ranks 20 in Europe with regards to its 2024 revenue (€505.0m). Revenue received by operators in Norway has been moderate in volatility over the past five-year period, with the average annual change in revenue (11.8 %) most comparable to...
Enterprises
Number of businesses in 2024
Revenue per Enterprise
Value (€ Million) in 2024
Top Questions Answered in this Report
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What is the market size of the Engine & Turbine Manufacturing industry in Norway in 2024?
The market size of the Engine & Turbine Manufacturing industry in Norway is €505.0m in 2024.
How many businesses are there in the Engine & Turbine Manufacturing in Norway industry in 2024?
There are 16 businesses in the Engine & Turbine Manufacturing industry in Norway, which has declined at a CAGR of 6.2 % between 2019 and 2024.
Has the Engine & Turbine Manufacturing industry in Norway grown or declined over the past 5 years?
The market size of the Engine & Turbine Manufacturing industry in Norway has been declining at a CAGR of 11.8 % between 2019 and 2024.
What is the forecast growth of the Engine & Turbine Manufacturing industry in Norway over the next 5 years?
Over the next five years, the Engine & Turbine Manufacturing industry in Norway is expected to decline.
What are the biggest companies in the Engine & Turbine Manufacturing market in Norway?
The biggest company operating in the Engine & Turbine Manufacturing market in Norway is Voith GmbH & Co KGaA
What does the Engine & Turbine Manufacturing in Norway include?
Parts for engines with compression ignition and Turbines are part of the Engine & Turbine Manufacturing industry.
Which companies have the highest market share in the Engine & Turbine Manufacturing in Norway?
The company holding the most market share in Norway is Voith GmbH & Co KGaA.
How competitive is the Engine & Turbine Manufacturing industry in Norway?
The level of competition is moderate and steady in the Engine & Turbine Manufacturing industry in Norway.
Related Industries
This industry is covered in 37 countries
Domestic industries
Competitors
- Motor Vehicle Manufacturing in Norway
- Aircraft, Engine & Parts Manufacturing in Norway
Complementors
- Electric Motor, Generator & Transformer Manufacturing in Norway
Table of Contents
About this industry
Industry definition
Companies in this industry manufacture internal combustion piston engines, including marine and railway engines and engine components. They also produce steam turbines and other vapour, hydraulic, wind and gas turbines, but not motor vehicles, aircraft engines or generator sets.
What's included in this industry?
Parts for engines with compression ignitionTurbinesParts for engines with spark ignitionEngines for water and rail vehicles and industrial enginesIndustry Code
2811 - Manufacture of engines and turbines, except aircraft, vehicle and cycle engines in Norway
Performance
Revenue Highlights
Trends
- Revenue
- Current Year Revenue Growth
- Revenue Volatility
Employment Highlights
Trends
- Employees
- Employees per Business
- Revenue per Employee
Business Highlights
Trends
- Businesses
- Employees per Business
- Revenue per Business
Current Performance
Charts
- Revenue in the Engine & Turbine Manufacturing in Norway
- Employees in the Engine & Turbine Manufacturing in Norway
- Business in the Engine & Turbine Manufacturing in Norway
- Profit in the Engine & Turbine Manufacturing in Norway
Current Performance
Analysis
How does this country's performance compare to Europe?
Life Cycle
Charts
- Industry Life Cycle Matrix
Products and Markets
Highlights
Trends
- Largest Market
- Product Innovation
International Trade
Heat maps
- Industry Concentration of Imports by Country
- Industry Concentration of Exports by Country
Competitive Forces
Highlights
Trends
- Concentration
- Competition
- Barriers to Entry
- Substitutes
- Buyer Power
- Supplier Power
ANALYSIS
What is the competitive landscape in Europe?
External Environment
Highlights
Trends
- Regulation & Policy
- Assistance
Key Takeaways
Manufacturers must abide by EU emission regulations. The Non-Road Mobile Machinery regulations (passed on 5 July 2016) necessitate that industrial engines emit significantly fewer nitrogen oxides and considerably reduce soot particle emissions.
External Drivers
Analysis
What demographic and macroeconomic factors impact the Engine & Turbine Manufacturing in Norway industry?
Financial Benchmarks
Highlights
Trends
- Profit Margin
- Average Wage
- Largest Cost
Key Takeaways
Manufacturers protect their profit by passing on rising costs. Despite a hike in world steel prices, profitability has remained strong thanks to manufacturers offloading cost inflation by upping their prices. Many also entered into fixed-price supply contracts.
Cost Structure
Charts
- Share of Economy vs. Investment Matrix
-
Industry Cost Structure Benchmarks:
- Marketing
- Depreciation
- Profit
- Purchases
- Wages
- Rent
- Utilities
- Other
Analysis
What trends impact cost in the Engine & Turbine Manufacturing in Norway industry?
Key Ratios
Data tables
- IVA/Revenue (2014-2029)
- Imports/Demand (2014-2029)
- Exports/Revenue (2014-2029)
- Revenue per Employee (2014-2029)
- Wages/Revenue (2014-2029)
- Employees per Establishment (2014-2029)
- Average Wage (2014-2029)
Country Benchmarks
European Leaders & Laggards
Data Tables
Top and boottom five countries listed for each:
- Revenue Growth (2024)
- Business Growth (2024)
- Job Growth (2024)
European Country Performance
Data Tables
Rankings available for 37 countries. Statistics ranked include:
- IVA/Revenue (2024)
- Imports/Demand (2024)
- Exports/Revenue (2024)
- Revenue per Employee (2024)
- Wages/Revenue (2024)
- Employees per Establishment (2024)
- Average Wage (2024)
Structural Comparison
Data Tables
Trends in 37 countries benchmarked against trends in Europe
- Concentration
- Competition
- Barriers to Entry
- Buyer Power
- Supplier Power
- Volatility
- Capital Intensity
- Innovation
- Life Cycle
Key Statistics
Industry Data
Data Tables
Including values and annual change:
- Revenue (2014-2029)
- IVA (2014-2029)
- Establishments (2014-2029)
- Enterprises (2014-2029)
- Employment (2014-2029)
- Exports (2014-2029)
- Imports (2014-2029)
- Wages (2014-2029)
Methodology
Where does IBISWorld source its data?
IBISWorld is a world-leading provider of business information, with reports on 5,000+ industries in Australia, New Zealand, North America, Europe and China. Our expert industry analysts start with official, verified and publicly available sources of data to build an accurate picture of each industry.
Each industry report incorporates data and research from government databases, industry-specific sources, industry contacts, and IBISWorld's proprietary database of statistics and analysis to provide balanced, independent and accurate insights.
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