Market research

Gear boxes market in Norway

Release date: Mar 30, 2026

Submission: 15 minutes after payment

Research period: 2017-2025

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File format: docx, xlsx

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Earlier Report Observations

The Norwegian gear box market grew from 22 372 thousand USD in 2019 to 26 970 thousand USD in 2020. By 2022, the market volume contracted to 25 019 thousand USD, influenced by global supply chain disruptions and stringent environmental regulations that constrained production and access to materials.

A sharp rebound to 38 277 thousand USD occurred in 2023, driven by the post-pandemic recovery in industrial activity and rising investments in renewable energy projects, particularly in wind power, which increased demand for specialized gearboxes. Technological advancements, including the integration of IoT and AI for predictive maintenance, also supported market expansion during this period.

In 2024, the market volume fell to 20 066 thousand USD.

Table of content

1. Disclaimer
2. Terms of use of the report
3. Product codes in the statistical classifications used in the report
4. Key Market Indicators
1. 4.1. In value
  1. 4.1.1. Production, 2019-2020, 2022-2024
  2. 4.1.2. Imports, 2018-2025
  3. 4.1.3. Exports, 2018-2025
  4. 4.1.4. Market size, 2019-2020, 2022-2024
5. Production
1. 5.1. Production in Norway
  1. 5.1.1. In kind, 2019-2020, 2022, unit
  2. 5.1.2. In value, 2019-2020, 2022-2024, K $ US
2. 5.2. Production in the EU, 2018-2024
  1. 5.2.1. In kind, 2018-2024, unit
  2. 5.2.2. In value, 2018-2024, K $ US
6. Exports
1. 6.1. Exports (Direct Data)
  1. 6.1.1. Exports - Total information
  2. 6.1.2. Exports in kind, t
    1. 6.1.2.1. Annual dynamics of product's exports from Norway in kind, 2018-2025, t
    2. 6.1.2.2. Dynamics of product's exports in kind from Norway by countries, 2018-2025, t
    3. 6.1.2.3. Structure of product's exports in kind by countries, 2018-2025
  3. 6.1.3. Exports in value, K $ US
    1. 6.1.3.1. Annual dynamics of product's exports from Norway in value, 2018-2025, K $ US
    2. 6.1.3.2. Dynamics of product's exports in value from Norway by countries, 2018-2025, K $ US
    3. 6.1.3.3. Structure of product's exports in value by countries, 2018-2025
  4. 6.1.4. Average price of product's exports, $ US/kg
    1. 6.1.4.1. Annual dynamics of average price of product's exports from Norway, 2018-2025, $ US/kg
    2. 6.1.4.2. Dynamics of average price of product's exports from Norway by countries, 2018-2025, $ US/kg
2. 6.2. Exports (Mirror Data)
  1. 6.2.1. Exports - Total information
  2. 6.2.2. Exports in kind, t
    1. 6.2.2.1. Annual dynamics of product's exports from Norway in kind, 2018-2025, t
    2. 6.2.2.2. Dynamics of product's exports in kind from Norway by countries, 2018-2025, t
    3. 6.2.2.3. Structure of product's exports in kind by countries, 2018-2025
  3. 6.2.3. Exports in value, K $ US
    1. 6.2.3.1. Annual dynamics of product's exports from Norway in value, 2018-2025, K $ US
    2. 6.2.3.2. Dynamics of product's exports in value from Norway by countries, 2018-2025, K $ US
    3. 6.2.3.3. Structure of product's exports in value by countries, 2018-2025
  4. 6.2.4. Average price of product's exports, $ US/kg
    1. 6.2.4.1. Annual dynamics of average price of product's exports from Norway, 2018-2025, $ US/kg
    2. 6.2.4.2. Dynamics of average price of product's exports from Norway by countries, 2018-2025, $ US/kg
7. Imports
1. 7.1. Imports (Direct Data)
  1. 7.1.1. Imports - Total information
  2. 7.1.2. Imports in kind, t
    1. 7.1.2.1. Annual dynamics of product's imports to Norway in kind, 2018-2025, t
    2. 7.1.2.2. Dynamics of product's imports in kind to Norway by countries, 2018-2025, t
    3. 7.1.2.3. Structure of product's imports in kind by countries, 2018-2025
  3. 7.1.3. Imports in value, K $ US
    1. 7.1.3.1. Annual dynamics of product's imports to Norway in value, 2018-2025, K $ US
    2. 7.1.3.2. Dynamics of product's imports in value to Norway by countries, 2018-2025, K $ US
    3. 7.1.3.3. Structure of product's imports in value by countries, 2018-2025
  4. 7.1.4. Average price of product's imports, $ US/kg
    1. 7.1.4.1. Annual dynamics of average price of product's imports to Norway, 2018-2025, $ US/kg
    2. 7.1.4.2. Dynamics of average price of product's imports to Norway by countries, 2018-2025, $ US/kg
2. 7.2. Imports (Mirror Data)
  1. 7.2.1. Imports - Total information
  2. 7.2.2. Imports in kind, t
    1. 7.2.2.1. Annual dynamics of product's imports to Norway in kind, 2018-2025, t
    2. 7.2.2.2. Dynamics of product's imports in kind to Norway by countries, 2018-2025, t
    3. 7.2.2.3. Structure of product's imports in kind by countries, 2018-2025
  3. 7.2.3. Imports in value, K $ US
    1. 7.2.3.1. Annual dynamics of product's imports to Norway in value, 2018-2025, K $ US
    2. 7.2.3.2. Dynamics of product's imports in value to Norway by countries, 2018-2025, K $ US
    3. 7.2.3.3. Structure of product's imports in value by countries, 2018-2025
  4. 7.2.4. Average price of product's imports, $ US/kg
    1. 7.2.4.1. Annual dynamics of average price of product's imports to Norway, 2018-2025, $ US/kg
    2. 7.2.4.2. Dynamics of average price of product's imports to Norway by countries, 2018-2025, $ US/kg
8. Trade balance
1. 8.1. Trade balance (Direct Data)
  1. 8.1.1. In kind, t
  2. 8.1.2. In value, K $ US
2. 8.2. Trade balance (Mirror Data)
  1. 8.2.1. In kind, t
  2. 8.2.2. In value, K $ US
9. Top buying and selling countries, 2018-2025
1. 9.1. Direct Data
  1. 9.1.1. Import in Value by Countries-buyers
  2. 9.1.2. Export in Value by Countries-suppliers
2. 9.2. Mirror Data
  1. 9.2.1. Import in Value by Countries-buyers
  2. 9.2.2. Export in Value by Countries-suppliers

Production gear boxes in Norway

In value, 2018-2021, K $ US

In 2020, Norway's gear box production was valued at 21 379 thousand US dollars, showing a slight year-on-year decline of 0.6%.

Annual dynamics of production in Norway in value, 2018-2021, K $ US

Parameter		2019	2020	2021	CAGR
1	Change from last year	n/a	(0.6%)	n/a	-

Source: SHEV.io

Exports gear boxes from Norway

Exports in kind, t

After two consecutive years of decline, Norway's gear box exports increased in 2021, reaching 1 598 tonnes. This marked a sharp rise of 30.5% compared to the previous year. Over the period from 2018 to 2021, exports decreased by 18%, with a compound annual growth rate of -6.4%. The lowest volume was recorded in 2020 at 1 225 tonnes, which also saw the largest decline of 33.7%.

Annual dynamics of product's exports from Norway in kind, 2018-2021, t

Parameter		2019	2020	2021	CAGR
1	Change from last year	(5.3%)	(33.7%)	30.5%	(6.4%)

Source: SHEV.io

From 2018 to 2021, Germany and Sweden were the primary destinations for Norway's gear box exports in kind, together accounting for 80.6% of total flows, while the remaining share was distributed among other markets.

Structure of product's exports in kind by countries, 2018-2021

Source: SHEV.io

World map of product's exports from Norway in kind, 2018-2021

Source: SHEV.io

Exports in value, K $ US

Following a two-year decline, Norway's gear box exports in value terms increased in 2021, reaching 24 673 thousand US dollars. This represented a 37.0% rise compared to the previous year. Between 2018 and 2021, exports decreased by 11.5%, equivalent to an annualized rate of -4.0%. The lowest value was recorded in 2020 at 18 014 thousand US dollars, which also experienced the largest decline of 28.1%.

Annual dynamics of product's exports from Norway in value, 2018-2021, K $ US

Parameter		2019	2020	2021	CAGR
1	Change from last year	(10.1%)	(28.1%)	37.0%	(4.0%)

Source: SHEV.io

During 2018–2021, Germany, Sweden, and Poland led the structure of Norway's gear box exports in value terms, with shares of 59.0%, 17.1%, and 5.1%, respectively. Together, these three countries represented 81.1% of total export flows.

Structure of product's exports in value by countries, 2018-2021

Source: SHEV.io

World map of product's exports from Norway in value, 2018-2021

Source: SHEV.io

Imports gear boxes to Norway

Imports in kind, t

After two years of decrease, Norway's gear box imports in kind rose in 2021, reaching 1 413 tonnes. This indicated a year-on-year increase of 20.9%. The lowest volume was recorded in 2020 at 1 169 tonnes, which also saw the largest decline of 10.0%.

Annual dynamics of product's imports to Norway in kind, 2018-2021, t

Parameter		2019	2020	2021	CAGR
1	Change from last year	(9.7%)	(10.0%)	20.9%	(0.6%)

Source: SHEV.io

From 2018 to 2021, Germany, Serbia, and Sweden were the main sources for Norway's gear box imports in kind, accounting for 29.0%, 25.5%, and 9.7% of imports, respectively. Together, these three countries made up 64.2% of total imports in kind.

Structure of product's imports in kind by countries, 2018-2021

Source: SHEV.io

World map of product's imports to Norway in kind, 2018-2021

Source: SHEV.io

Imports in value, K $ US

Following a two-year decline, Norway's gear box imports in value terms increased in 2021, totaling 28 477 thousand US dollars. This reflected a strong year-on-year gain of 20.6%. The lowest value was recorded in 2020 at 23 606 thousand US dollars, while the largest decline occurred in 2019 at 9.6%.

Annual dynamics of product's imports to Norway in value, 2018-2021, K $ US

Parameter		2019	2020	2021	CAGR
1	Change from last year	(9.6%)	(8.9%)	20.6%	(0.2%)

Source: SHEV.io

Throughout 2018–2021, Germany, Sweden, and Serbia formed the key group of partners for Norway's gear box imports in value terms, with shares of 38.5%, 13.6%, and 7.5%, respectively. Collectively, these three countries represented 59.6% of total import flows.

Structure of product's imports in value by countries, 2018-2021

Source: SHEV.io

World map of product's imports to Norway in value, 2018-2021

Source: SHEV.io