Retailing in Norway, Market Shares, Summary and Forecasts to 2022

Retailing in Norway, Market Shares, Summary and Forecasts to 2022

Summary

"Retailing in Norway, Market Shares, Summary and Forecasts to 2022", provides data for historic and forecast retail sales, and also includes information on the business environment and country risk related to Norway retail environment. In addition, it analyzes the key consumer trends influencing Norway retail industry.

Norwegian retail industry sales stood at NOR551.3 billion in 2017 and are projected to grow at 3.4% CAGR over the next five years.

What else does this report offer?

- In-depth analysis of the latest trends in consumer shopping, covering the factors driving shopping, consumer insights, market dynamics (covering 26 product categories),
- The report also details major retailers in each category group with their product proposition analysis and market positioning in 2017 along with recent key developments
- Market insights based on consumer trends, changing economic and demographic factors, technology innovations, and other macroeconomic factors
- Retail sales and the fastest-growing product categories, which include Clothing, Footwear, Books, News and Stationery, Electrical and Electronics, Food and Grocery, Health and Beauty, Furniture and Floor Coverings, Home and Garden Products, Music, Video and Entertainment Software, Sports and Leisure Equipment, Jewelry, Watches and Accessories, and Luggage and Leather Goods
- Qualitative and quantitative insights of changing retail dynamics across various channels.

Scope

- Norway retail sector is forecast to grow at a CAGR of 3.4% between 2017 and 2022
- Stable household consumption to boost retail sales in Norway
- Improved household income encouraged shoppers to spend across all categories
- While food & grocery remains the largest sector, homewares produces the fastest growth
- Food & grocery remains the largest sector; market share will increase in 2022
- Online retail to grow the fastest while hypermarkets remain the largest channel
- Online retail to become the second largest retail channel in 2022 due to rapid growth
- Specialists stores are projected to lose market share to online retail during 2017-2022.

Reasons to buy

- Gain comprehensive knowledge on 26 product categories in Norway retail market and develop a competitive advantage around consumer behaviour trends from the start of your supply chain
- Explore novel opportunities that will allow you to align your product offerings and strategies to meet demand by analyzing the vital economic and population trends, and key consumer and technology trends influencing the retail market
- Investigate current and forecast behaviour trends in each category to identify the best opportunities to exploit
- Analyze the recommended actions to align your marketing strategies with the crucial trends influencing consumer behaviour
- Understand the fastest-growing categories in the market with insights on the performance of individual product categories, across key channels from 2012, with forecasts until 2022
- Analysis of key international and domestic players operating in Norway retail market - including store counts and revenues that give you a competitive edge and identify opportunities to improve your market share.


Key findings
The state of the nation
The state of retail
Clothing & footwear
Food & grocery
Electricals
Health & beauty
Home
Others
Definitions
Methodology


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