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Passenger Rail Transport in Norway - Market Size, Industry Analysis, Trends and Forecasts (2024-2029)

NO-H4911 April 2024 Factsheet

Revenue

€419.4m

2019-2024 17.3 %
2024-2029 X.X %

Employees

4,129

2019-2024 2.6 %
2024-2029 X.X %

Businesses

10

2019-2024 2.1 %
2024-2029 X.X %

Wages

€XXX.Xm

2019-2024 X.X %
2024-2029 X.X %

Passenger Rail Transport in Norway market size outlook

Total value and annual change from from 2014-2029. Includes 5-year outlook.

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About Factsheets

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
#15 In Europe
Business
#12 In Europe
Employees
#16 In Europe
Wages
#11 In Europe

The Passenger Rail Transport in Norway ranks 15 in Europe with regards to its 2024 revenue (€419.4m). Revenue received by operators in Norway has been moderate in volatility over the past five-year period, with the average annual change in revenue (17.3 %) most comparable to...

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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 Passenger Rail Transport industry in Norway in 2024?

The market size of the Passenger Rail Transport industry in Norway is €419.4m in 2024.

How many businesses are there in the Passenger Rail Transport in Norway industry in 2024?

There are 10 businesses in the Passenger Rail Transport industry in Norway, which has grown at a CAGR of 2.1 % between 2019 and 2024.

Has the Passenger Rail Transport industry in Norway grown or declined over the past 5 years?

The market size of the Passenger Rail Transport industry in Norway has been declining at a CAGR of 17.3 % between 2019 and 2024.

What is the forecast growth of the Passenger Rail Transport industry in Norway over the next 5 years?

Over the next five years, the Passenger Rail Transport industry in Norway is expected to grow.

What does the Passenger Rail Transport in Norway include?

Conventional train transport and High-speed train transport are part of the Passenger Rail Transport industry.

How competitive is the Passenger Rail Transport industry in Norway?

The level of competition is moderate and steady in the Passenger Rail Transport industry in Norway.

Related Industries

This industry is covered in 37 countries

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Table of Contents

About this industry

Industry definition

The Passenger Rail Transport in Europe incorporates rail transportation of passengers using railway rolling stock on mainline networks spread over Europe. It includes passenger transport by interurban railways, sleeping cars or dining cars as an integrated operation of railway companies. The industry excludes the operation of urban and suburban transport systems and passenger terminal activities.

What's included in this industry?

Conventional train transport High-speed train transport Tilting train transport

Industry Code

ISIC 2006

4911 - Passenger rail transport, interurban in Norway

Performance

Revenue Highlights

Trends
  • Revenue
  • 2024 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 Passenger Rail Transport in Norway
  • Employees in the Passenger Rail Transport in Norway
  • Business in the Passenger Rail Transport in Norway
  • Profit in the Passenger Rail Transport 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

With commuters being the largest market for passenger rail transport, employment numbers in Europe have a substantial bearing on demand. Higher employment generally translates into higher passenger numbers, though other working trends also play a part in determining the level of travel. COVID-19 brought about a more widespread trend of working from home, disrupting the relationship between employment levels and passenger numbers.

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External Drivers

Analysis

What demographic and macroeconomic factors impact the Passenger Rail Transport in Norway industry?

Financial Benchmarks

Highlights

Trends
  • Profit Margin
  • Average Wage
  • Largest Cost

Key Takeaways

Workers want wages increased. There’s been widespread industrial action across the rail network in Europe, prompted mainly by lacklustre pay rises and reduced station staffing.

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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 Passenger Rail Transport 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. 

IBISWorld prides itself on being a trusted, independent source of data, with over 50 years of experience building and maintaining rich datasets and forecasting tools.

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