| Product Code: ETC4929195 | Publication Date: Nov 2023 | Updated Date: Nov 2025 | Product Type: Market Research Report | |
| Publisher: 6Wresearch | Author: Shubham Padhi | No. of Pages: 60 | No. of Figures: 30 | No. of Tables: 5 |
Norway saw a decline in bicycle import shipments in 2024, with a negative CAGR of -1.03% from 2020 to 2024. The top exporting countries to Norway were Taiwan, China, Germany, Spain, and Indonesia. The Herfindahl-Hirschman Index (HHI) indicated a shift from moderate to low concentration in 2024. The market experienced a significant decrease in growth rate from 2023 to 2024, with a -10.01% decline. These trends suggest a challenging environment for bicycle imports in Norway, with potential opportunities for diversification and market expansion strategies.

In the Europe region, the Bicycle market in Norway is projected to expand at a stable growth rate of 0.14% by 2027. The largest economy is Germany, followed by United Kingdom, France, Italy and Russia.

1 Executive Summary |
2 Introduction |
2.1 Key Highlights of the Report |
2.2 Report Description |
2.3 Market Scope & Segmentation |
2.4 Research Methodology |
2.5 Assumptions |
3 Norway Bicycle Market Overview |
3.1 Norway Country Macro Economic Indicators |
3.2 Norway Bicycle Market Revenues & Volume, 2021 & 2031F |
3.3 Norway Bicycle Market - Industry Life Cycle |
3.4 Norway Bicycle Market - Porter's Five Forces |
3.5 Norway Bicycle Market Revenues & Volume Share, By Product, 2021 & 2031F |
3.6 Norway Bicycle Market Revenues & Volume Share, By Technology, 2021 & 2031F |
3.7 Norway Bicycle Market Revenues & Volume Share, By End-user, 2021 & 2031F |
3.8 Norway Bicycle Market Revenues & Volume Share, By Distribution Channel, 2021 & 2031F |
4 Norway Bicycle Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Increasing focus on sustainable transportation solutions in Norway |
4.2.2 Government initiatives promoting cycling as a means of reducing carbon emissions |
4.2.3 Growing health and wellness trend leading to higher demand for cycling activities |
4.3 Market Restraints |
4.3.1 Seasonal fluctuations impacting the demand for bicycles due to harsh winter conditions |
4.3.2 High initial cost of purchasing bicycles and related equipment |
4.3.3 Limited infrastructure and safety concerns for cyclists in certain regions |
5 Norway Bicycle Market Trends |
6 Norway Bicycle Market Segmentations |
6.1 Norway Bicycle Market, By Product |
6.1.1 Overview and Analysis |
6.1.2 Norway Bicycle Market Revenues & Volume, By Mountain Bikes, 2021-2031F |
6.1.3 Norway Bicycle Market Revenues & Volume, By Hybrid Bikes, 2021-2031F |
6.1.4 Norway Bicycle Market Revenues & Volume, By Road Bikes, 2021-2031F |
6.1.5 Norway Bicycle Market Revenues & Volume, By Cargo Bikes, 2021-2031F |
6.1.6 Norway Bicycle Market Revenues & Volume, By Others, 2021-2031F |
6.2 Norway Bicycle Market, By Technology |
6.2.1 Overview and Analysis |
6.2.2 Norway Bicycle Market Revenues & Volume, By Electric, 2021-2031F |
6.2.3 Norway Bicycle Market Revenues & Volume, By Conventional, 2021-2031F |
6.3 Norway Bicycle Market, By End-user |
6.3.1 Overview and Analysis |
6.3.2 Norway Bicycle Market Revenues & Volume, By Men, 2021-2031F |
6.3.3 Norway Bicycle Market Revenues & Volume, By Women, 2021-2031F |
6.3.4 Norway Bicycle Market Revenues & Volume, By Kids, 2021-2031F |
6.4 Norway Bicycle Market, By Distribution Channel |
6.4.1 Overview and Analysis |
6.4.2 Norway Bicycle Market Revenues & Volume, By Online, 2021-2031F |
6.4.3 Norway Bicycle Market Revenues & Volume, By Offline, 2021-2031F |
7 Norway Bicycle Market Import-Export Trade Statistics |
7.1 Norway Bicycle Market Export to Major Countries |
7.2 Norway Bicycle Market Imports from Major Countries |
8 Norway Bicycle Market Key Performance Indicators |
8.1 Percentage increase in the number of designated bicycle lanes in major cities |
8.2 Average number of bicycle rental transactions per month |
8.3 Number of participants in cycling events or races in Norway |
8.4 Average lifespan of bicycles in use |
8.5 Frequency of bicycle maintenance and repair services requested |
9 Norway Bicycle Market - Opportunity Assessment |
9.1 Norway Bicycle Market Opportunity Assessment, By Product, 2021 & 2031F |
9.2 Norway Bicycle Market Opportunity Assessment, By Technology, 2021 & 2031F |
9.3 Norway Bicycle Market Opportunity Assessment, By End-user, 2021 & 2031F |
9.4 Norway Bicycle Market Opportunity Assessment, By Distribution Channel, 2021 & 2031F |
10 Norway Bicycle Market - Competitive Landscape |
10.1 Norway Bicycle Market Revenue Share, By Companies, 2024 |
10.2 Norway Bicycle Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations | 13 Disclaimer |
Export potential enables firms to identify high-growth global markets with greater confidence by combining advanced trade intelligence with a structured quantitative methodology. The framework analyzes emerging demand trends and country-level import patterns while integrating macroeconomic and trade datasets such as GDP and population forecasts, bilateral import–export flows, tariff structures, elasticity differentials between developed and developing economies, geographic distance, and import demand projections. Using weighted trade values from 2020–2024 as the base period to project country-to-country export potential for 2030, these inputs are operationalized through calculated drivers such as gravity model parameters, tariff impact factors, and projected GDP per-capita growth. Through an analysis of hidden potentials, demand hotspots, and market conditions that are most favorable to success, this method enables firms to focus on target countries, maximize returns, and global expansion with data, backed by accuracy.
By factoring in the projected importer demand gap that is currently unmet and could be potential opportunity, it identifies the potential for the Exporter (Country) among 190 countries, against the general trade analysis, which identifies the biggest importer or exporter.
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