The biggest player in the Norwegian eCommerce Market is komplett.no. The store had a revenue of US$289 million in 2019. It is followed by elkjop.no with US$253 million revenue and kolonial.no with US$215 million revenue. Altogether, the top three stores account for 15% of online revenue in Norway.
Store rankings are based on every store that generates revenue in Norway. These stores can either have a national focus and only sell in their main country or operate on a global scale. For this evaluation, only revenue created in Norway was considered.
One of the fastest-growing stores in the Norwegian market is jysk.no. The store achieved sales of about US$16 million in 2019. Its revenue growth amounted to 140% in the previous year.
Digital Market Outlook by Statista
The Digital Market Outlook presents up-to-date figures on markets of the digital economy. The comparable key figures are based on extensive analyses of relevant indicators from the areas of society, economy, and technology.
Market expansion in Norway is expected to continue over the next few years, as indicated by the Statista Digital Market Outlook. It has been predicted that the compound annual growth rate (CAGR 19-23) for the next four years will be 7%. Compared to the year-over-year growth of 8%, this decrease suggests a moderately flooded market. Another indicator of market saturation is the online penetration of 82% in Norway; in other words, 82% of the Norwegian population have bought at least one product online in 2019.
Five categories are considered by ecommerceDB. Electronics & Media is the largest segment in Norway and accounts for 33% of the eCommerce revenue in Norway. This is followed by Fashion with 23%, Toys, Hobby & DIY with 17%, Food & Personal Care with 17% and Furniture & Appliances with the remaining 10%.
In Norway, DHL is the most frequently offered delivery service provider among online stores. Of those stores that indicating which service they use to transport their goods, 8% cited DHL as one of their providers. Moreover, UPS (United Parcel Service) and DPD are among the top three shipping service companies offered by online retailers in Norway, at rates of 6% and 4%.
Shipping information is based on orders from the store's main country, which is defined as the one where the store generates most of its online revenue. In this case, it is Norway. Only stores that provide information about their shipping providers can be considered.
|#||Shipping service provider|
|2.||UPS (United Parcel Service)||6%|