The global pet care market is foretold to improve in the forthcoming years as matched to the preceding years and will showcase better sales in various market segments. It is estimated that the global pet care market will grow at a CAGR o…
BMI View: We are revising our outlook for the Norwegian autos sector downwards in 2016 as the economy
continues to adjust to a structural downturn in global energy prices, which will translate into weaker
vehicle demand. As a result, we now forecast growth of 2.6% in vehicle sales in 2016, down from our
previous forecast of 3.7% for the year.
? Vehicle sales will grow by 2.65% in 2016.
? Low consumer confidence, tight credit conditions and a weak labour market will continue to drag on
growth in the passenger car segment.
? A robust transport infrastructure pipeline will help drive demand for commercial vehicles.
? Norway will remain an oasis for electric vehicles - due to the continuation of subsidies until 2017 and the
development of a national charging grid.