Electrical Goods Retail in Larvik

Industry Overview

Electrical goods retail in Larvik is a very small industry with only one registered company: Elektroimportøren Norge As. This company, registered as an AS, has 8 employees and is the sole actor in the industry. Although sales and employees have shown volatility over time, forecasts indicate a future increase in the number of employees (from 0 to 7 in 2026). This underscores the need for stability and strategic development to ensure the industry's future in the municipality.

Sales and employee development:

Sales reached a peak in 2017 with 4.0 million NOK, but collapsed to zero in 2018. The number of employees experienced a dramatic decline from 4 in 2018 to zero in 2019, with an expected recovery to 7 employees in 2026. This illustrates an industry with significant uncertainty, but also potential for future revival.

Elektroimportøren Norge As is the only company in the industry in Larvik. The company has the following details:

• Incorporation year: 2025
• Address: Tjøllingveien 45B, Larvik
• Organizational form: AS
• Number of employees: 8
• Bankruptcies: No bankruptcies

Organizational form statistics:

This company is the sole actor in the industry, and no other organizational forms are registered.

Elektroimportøren Norge As is registered in Larvik, and there are no other districts or locations in the municipality reporting activity in this industry. This shows that the industry is concentrated in a single district, which can be both an advantage and a challenge in terms of market development and competitiveness.

Bankruptcies and stability:

• Elektroimportøren Norge As is not registered as bankrupt, but sales and employee numbers have shown significant fluctuations over time. This may indicate an industry vulnerable to external factors such as market changes or economic crises.

Development over time:

• Sales and employees reached a peak in 2017, but collapsed to zero in 2018. This may be the result of a combination of internal and external challenges, such as changes in management or market conditions.

Forecasts:

• An expected increase in the number of employees from 0 to 7 in 2026 may indicate a revival, but it is important to monitor how this develops.

Outlook for Entrepreneurs

For entrepreneurs in Larvik considering starting an electrical goods retail business, the data show an industry with both challenges and opportunities. The sole actor in the industry, Elektroimportøren Norge As, has shown significant volatility in sales and employees, but there is also an expected revival in 2026. This may indicate that there is a market for such services in the municipality, but it is important to be prepared for uncertainty and the need for stability.

Recommendation:

• Entrepreneurs should consider establishing themselves in a district with high population density and good infrastructure, such as Larvik.
• Collaboration with local actors and leveraging existing networks can be a strategy to ensure stability.
• It may be profitable to focus on specialized products or services that differentiate from competitors.

Contrast between agriculture and electrical goods retail:

• Agriculture has 33 companies in Larvik, while electrical goods retail has only 1 company. This shows that agriculture is a much larger and more stable industry in the municipality.
• Sales and employees in agriculture have shown a more gradual development over time, with a decline of 6.8% from 2016 to 2017, but an increase of 5.9% from 2017 to 2018. This shows that agriculture is more robust and less susceptible to extreme fluctuations.

Peer companies in agriculture:

This shows that agriculture has a broader and more stable company structure, which can be an advantage for entrepreneurs seeking to establish themselves in a more stable industry.

Electrical goods retail in Larvik is an industry with both challenges and opportunities. The sole actor, Elektroimportøren Norge As, has shown significant volatility in sales and employees, but there is also an expected revival in 2026. This may indicate that there is a market for such services in the municipality, but it is important to be prepared for uncertainty and the need for stability.

Recommendation:

• Entrepreneurs should consider establishing themselves in a district with high population density and good infrastructure, such as Larvik.
• Collaboration with local actors and leveraging existing networks can be a strategy to ensure stability.
• It may be profitable to focus on specialized products or services that differentiate from competitors.