Transportation and Logistics Market Insights—Norway

Transportation and Logistics Market Insights—Norway

Digitization, Intelligent Transportation, and Smart Warehouses are Shaping the Future of Logistics in Norway

RELEASE DATE
31-Jan-2018
REGION
Europe
Research Code: 9AB2-00-92-00-00
SKU: TP00182-EU-MR_21524

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TP00182-EU-MR_21524

$1,500.00

$1,125.00 save 25 %

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Description

Norway is one of the best-performing Nordic economies, and it is driven by public consumption. The steady economic growth is ensured by a stable banking system, a regulatory environment that encourages entrepreneurial activity, and monetary solidity. Economic growth will strengthen gradually until 2018, supported by a rebound in non-oil investment and high private consumption. The government has adopted an accommodative monetary policy and an expansionary fiscal policy to support economic activity. Exports amount to approximately 40% of the country's GDP. The major exports from Norway to the EU are oil and gas, while manufactured goods are the major imports from the EU to Norway. The European Economic Area (EEA) Agreement has enabled 3 of the 4 EFTA Member States (Iceland, Liechtenstein, Norway) to participate in the EU’s internal market. Norway’s level of research and innovation remains low when compared to peers due to the limited spending and the poor efficiency in translating R&D spending into innovation results. Budget 2017's tax credit scheme (SkatteFunn) has increased the annual deductible costs to $3 million (25 million NOK) for self-developed R&D and $6 million (50 million NOK) for R&D purchased from approved institutes.

Logistics hubs in the Nordic region will become business hotspots due to the centralization of production and warehousing. Norway has a challenging topography and a scattered population, and the main logistics hubs are located in close proximity to main highways E6 and E16. Over the next 5 years, Vinterbro, Gardermoen, and Vestby will emerge as new logistics hubs. Communication technologies and digitalization, along with Big Data analytics and IoT, will shape the future of transportation. The MUNIN project, which involves autonomous unmanned ships, fosters innovation in the marine segment. In Scandinavia, national regulators have opted to make rules based on use (private or commercial) and drone size. In addition, the Norwegian Government is working toward a law to facilitate the testing of self-driving vehicles on the country's roads. The impetus for the bill is to make Norway an attractive place to develop and test self-driving vehicle technologies. In the field of sustainable urban logistics, NORSULP will facilitate the deployment of Sustainable Urban Logistics Plans (SULP) in 9 Norwegian municipalities/cities.

Research Scope

The aim of this study is to research and analyze key developments and trends relating to economy and trade and the freight and transportation and the logistics and warehousing sectors in Norway.


Key Issues Addressed

  • What are the key factors driving Norway’s economy and trade?
  • What is the role of transport and logistics in the country’s economic growth?
  • How do advancements in digital technologies affect logistics service offerings?
  •  Why are multimodal transport networks and mobility services gaining traction?
  •  How is the traditional value chain being transformed as a result of advancements in technology, e-Commerce growth, regulatory changes, and investment?

 

Table of Contents

Key Findings

Outlook and Insights

Research Scope and Methodology

Transportation and Logistics Market Insights

Key Questions this Study will Answer

Economic Growth Trends

GDP Growth Trends

National Growth Trends

Nominal GDP Forecast

External Trade and Current Account Balance

Inflation Index

Trade by Region

Top Import and Export Partners

Key Macro Developments

Transportation and Logistics Market Size

Transport Price Index

Transport Labor Cost Index

Sea Freight

Road Freight

Air Freight

New Truck Registration Trends

Road Freight Composition

Overview of Transportation Technologies

Innovation and Technology Trends

Transportation—OEM Outlook

Logistics Outsourcing Trends and 3PL Market Developments

Logistics Outsourcing Trends

Warehousing Rent

Regional Warehousing Market Developments

Warehousing Market Insights

Outlook and Insights

Growth Opportunity—Transportation, Warehousing, and Logistics

Strategic Imperatives for Success and Growth

The Last Word—3 Big Predictions

Legal Disclaimer

List of Exhibits

List of Exhibits (continued)

The Frost & Sullivan Story

Value Proposition—Future of Your Company & Career

Global Perspective

Industry Convergence

360º Research Perspective

Implementation Excellence

Our Blue Ocean Strategy

Related Research
Norway is one of the best-performing Nordic economies, and it is driven by public consumption. The steady economic growth is ensured by a stable banking system, a regulatory environment that encourages entrepreneurial activity, and monetary solidity. Economic growth will strengthen gradually until 2018, supported by a rebound in non-oil investment and high private consumption. The government has adopted an accommodative monetary policy and an expansionary fiscal policy to support economic activity. Exports amount to approximately 40% of the country's GDP. The major exports from Norway to the EU are oil and gas, while manufactured goods are the major imports from the EU to Norway. The European Economic Area (EEA) Agreement has enabled 3 of the 4 EFTA Member States (Iceland, Liechtenstein, Norway) to participate in the EU’s internal market. Norway’s level of research and innovation remains low when compared to peers due to the limited spending and the poor efficiency in translating R&D spending into innovation results. Budget 2017's tax credit scheme (SkatteFunn) has increased the annual deductible costs to $3 million (25 million NOK) for self-developed R&D and $6 million (50 million NOK) for R&D purchased from approved institutes. Logistics hubs in the Nordic region will become business hotspots due to the centralization of production and warehousing. Norway has a challenging topography and a scattered population, and the main logistics hubs are located in close proximity to main highways E6 and E16. Over the next 5 years, Vinterbro, Gardermoen, and Vestby will emerge as new logistics hubs. Communication technologies and digitalization, along with Big Data analytics and IoT, will shape the future of transportation. The MUNIN project, which involves autonomous unmanned ships, fosters innovation in the marine segment. In Scandinavia, national regulators have opted to make rules based on use (private or commercial) and drone size. In addition, the Norwegian Governmen
More Information
No Index No
Podcast No
Author Saideep Sudhakar
Industries Transportation and Logistics
WIP Number 9AB2-00-92-00-00
Is Prebook No
GPS Codes 9694,9800-A6,9832-A6,9968-A6,9AF6-A6