Industry · municipality
Electric Goods Stores in Ringerike: Current Status and Future Outlook
Analysis of the industry, companies, statistics, and opportunities for entrepreneurs in Ringerike
Brief overview of electric goods stores in Ringerike
Electric goods stores in Ringerike have been a highly dynamic industry over the past decade, but with a dramatic decline since 2019. In 2016, the industry had 6 employees and NOK 5.0 million in sales, but all businesses have ceased operations after 2019. This means that the industry currently has no registered companies or employees in Ringerike. At the same time, data from the broader agricultural sector (which includes electronics stores and other related businesses) shows a more stable development with increasing sales and employment. SmartGrunder can help entrepreneurs considering establishing themselves in Ringerike by analyzing potential addresses and market conditions in this municipality.
Economic development of electric goods stores in Ringerike
Economic overview
Electric goods stores in Ringerike experienced a gradual decline in both sales and number of employees from 2016 to 2019. Sales dropped from NOK 5.0 million in 2016 to zero in 2019, with a 100% annual decline. The number of employees fell from 6 in 2016 to zero in 2019. This decline was exacerbated by a 100% reduction in sales and employees in 2019 compared to 2018. There is no data on sales or employees after 2019, which indicates that all businesses in the industry have ceased operations.
Development over time
The table below shows the annual development of sales and number of employees for electric goods stores in Ringerike:
| Year | Sales (NOK) | Employees | Annual change in sales | Annual change in employees |
|---|---|---|---|---|
| 2016 | 5.0M | 6 | - | - |
| 2017 | 4.4M | 4 | -11.8% | -33.3% |
| 2018 | 4.3M | 3 | -2.5% | -25.0% |
| 2019 | 0 | 0 | -100.0% | -100.0% |
| 2020–2026 | 0 | 0 | - | - |
This data shows a sharp decline in the industry, which has been in strong decline since 2016 and has shown no signs of recovery after 2019.
Companies and organizational forms in the industry
Companies in the industry
There are no registered companies in the electric goods store industry in Ringerike after 2019. No business in this industry is currently registered in the municipality. This is a clear contrast to the broader agricultural sector, which has 20 registered companies in Ringerike. These companies include, among others, electronics stores, computer stores, and opticians, which are related to electric goods stores but not directly included in this industry.
Organizational forms
There is no data on organizational forms for companies in the electric goods store industry in Ringerike, as there are no businesses in this industry today.
Geographic distribution of businesses
Geographic distribution
There is no data on the geographic distribution of electric goods stores in Ringerike, as there are no businesses in this industry in the municipality today. No activity in this industry has been registered in any of the municipality's cities or districts after 2019.
Business dynamics and bankruptcy statistics
All businesses in the electric goods store industry in Ringerike have ceased operations after 2019. There are no registered bankruptcies in this industry in the municipality, as there are no businesses today. This shows that the industry has been in a sharp decline since 2016 and has shown no signs of recovery after 2019. There is no data on bankruptcies or operational conditions for businesses in this industry after 2019.
Future outlook for entrepreneurs
For entrepreneurs considering establishing themselves in the electric goods store industry in Ringerike, the data shows that there are no businesses in this industry in the municipality today. There are no registered companies or employees in this industry after 2019, which indicates that there is no activity in this industry in Ringerike. This means that there is no market advantage in this industry in the municipality today. Entrepreneurs should therefore consider establishing themselves in another industry in Ringerike, such as agriculture, which has a more stable development and more registered companies in the municipality.
Future outlook for the agricultural sector in Ringerike
Agricultural sector in Ringerike
The broader agricultural sector in Ringerike has a more stable development compared to the electric goods store industry. Sales in the agricultural sector have increased from NOK 221.2 million in 2016 to NOK 365.0 million in 2025, with an average annual increase of 3.0%. The number of employees in the agricultural sector has also increased from 118 in 2016 to 128 in 2023, with an average annual increase of 1.6%. This shows that the agricultural sector has been more stable and growing in Ringerike compared to the electric goods store industry.
Peer companies in the agricultural sector
The table below shows some of the key companies in the agricultural sector in Ringerike, along with their sales, employees, and EBITDA:
| Company | Address | Sales (NOK) | Employees | EBITDA (NOK) | |
|---|---|---|---|---|---|
| Elkjøp Hønefoss As | Hvervenmoveien 60, 3511 Hønefoss | 139.2M | 37 | 4.3M | |
| Power Norge As Avd Honefoss | Dronning Åstas gate 14, 3511 Hønefoss | 116.5M | 33 | 2.8M | |
| Telekiosken Hønefoss As | Kuben Senter | Kong Rings gate 1, 3510 Hønefoss | 14.3M | 0 | 0.6M |
| Banda Ringerike As | Flattums gate 4, 3510 Hønefoss | 13.9M | 8 | 0.1M | |
| Hønefoss Specsavers As | Kong Rings gate 1, 3510 Hønefoss | 17.3M | 15 | 1.8M |
These companies show that the agricultural sector in Ringerike has a more stable development compared to the electric goods store industry. Entrepreneurs should therefore consider establishing themselves in the agricultural sector in Ringerike, which has a more stable development and more registered companies in the municipality.
Other companies in landbruk (not in electric goods store)
| Company | Industry | Address | Sales | Employees | EBITDA |
|---|---|---|---|---|---|
| Telia Norge As Telia Avd Kuben | phone store | Kong Rings gate 1, 3510 Hønefoss | NOK 42.1M | 5 | NOK 16.9M |
| Elkjøp Hønefoss As | electronics store | Hvervenmoveien 60, 3511 Hønefoss | NOK 139.2M | 37 | NOK 4.3M |
| Power Norge As Avd Honefoss | electronics store | Dronning Åstas gate 14, 3511 Hønefoss | NOK 116.5M | 33 | NOK 2.8M |
| Hønefoss Specsavers As | optical store | Kong Rings gate 1, 3510 Hønefoss | NOK 17.3M | 15 | NOK 1.8M |
| Anders Løchen Fogth As | optical store | Søndre torv 7, 3510 Hønefoss | NOK 16.2M | 9 | NOK 1.7M |
| Synsam Hønefoss | optical store | Storgata 10, 3510 Hønefoss | NOK 7.4M | 0 | NOK 1.4M |
| Rammefix Morten Bjerkelund | audio equipment / musical instruments store | Storgata 10, 3510 Hønefoss | NOK 3.2M | 4 | NOK 1.0M |
| Telekiosken Hønefoss As | computer store | Kuben Senter|Kong Rings gate 1, 3510 Hønefoss | NOK 14.3M | 0 | NOK 627.0K |
| Brilleland Avd 525 Kuben Senter | optical store | Kong Rings gate 1, 3510 Hønefoss | NOK 6.4M | 6 | NOK 466.1K |
| Nifo As | optical store | Ullerålsgata 9B, 3513 Hønefoss | NOK 0 | 0 | NOK 308.0K |
| Daisy As | computer store | Tolpinrudsvingen 4, 3512 Hønefoss | NOK 1.6M | 5 | NOK 155.0K |
| Banda Ringerike As | optical store | Flattums gate 4, 3510 Hønefoss | NOK 13.9M | 8 | NOK 123.0K |
| Delta Elektronikk Henning Dahlgren | electronics store | Teglverksveien 26, 3517 Hønefoss | NOK 0 | 0 | NOK 0 |
| Grini Salgssupport | computer store | Ole Nilsedalens vei 11, 3525 Hallingby | NOK 0 | 0 | NOK 0 |
| Hifinett Da | computer store | Vestre Ådal, 3516 Hønefoss | NOK 0 | 0 | NOK 0 |
| Navrud Data & Service | computer store | Øvre Fegrihellinga 24, 3533 Tyristrand | NOK 0 | 0 | NOK 0 |
| Oceangreens | phone store | Ringåsveien 29, 3512 Hønefoss | NOK 0 | 0 | NOK 0 |
| Telco Ing Espegren & Co | computer store | Løkkemokroken 2, 3516 Hønefoss | NOK 0 | 0 | NOK 0 |
| Tele Magasinet Da | computer store | Vesleveien 1, 3517 Hønefoss | NOK 0 | 0 | NOK 0 |
| Valentyn Pivovarov | audio equipment / musical instruments store | Hengsleveien 30, 3515 Hønefoss | NOK 0 | 0 | NOK 0 |
Conclusion
Electric goods stores in Ringerike have been an industry with a sharp decline since 2016, and there are no businesses in this industry in the municipality today. The broader agricultural sector in Ringerike, on the other hand, has shown a more stable development with increasing sales and employment. Entrepreneurs considering establishing themselves in Ringerike should therefore consider establishing themselves in the agricultural sector, which has a more stable development and more registered companies in the municipality. SmartGrunder can help entrepreneurs analyze potential addresses and market conditions in Ringerike to find the best opportunities for establishment.