Industry · municipality
Electronics Retail in Vennesla: Industry Analysis and Outlook
A detailed analysis of the electronics retail industry in Vennesla with a focus on businesses, economic trends, and outlooks for entrepreneurs and local decision-makers in the municipality of Vennesla in the Agder county in Norway.
Brief overview of the electronics retail industry in Vennesla
The electronics retail industry in Vennesla is a small but stable industry dominated by a single company. Vennesla Elektromarked As is the only registered business in the industry, and has shown gradual growth in both sales and number of employees over the past few years. With annual revenue of 21.7 million NOK and 14 employees, the company shows positive development, although limited data is available to analyze the dynamics of the industry in more detail.
Economic trends and key figures
Economic trends
The electronics retail industry in Vennesla has shown a gradual increase in sales over the past few years. From 15.9 million NOK in 2016 to 21.7 million NOK in 2025, sales have increased by 6.3% in 2024–2025. The number of employees has also shown a stable increase, from 7 in 2016 to 13 in 2026. This indicates a gradual development in the industry, although the number of businesses is limited.
Key figures
- Annual revenue (2025): 21.7 million NOK
- Number of employees (2026): 13
- EBITDA margin: 3%
- Gross margin: 29%
Companies and legal forms
Registered businesses
There is one business registered in the electronics retail industry in Vennesla: Vennesla Elektromarked As, with its address at Sentrumsvegen 63. The company was founded in 1988 and has the legal form AS. It has 14 employees and shows no bankruptcy status.
Legal form
- AS: 1 company, 14 employees, 21.7 million NOK in sales, 835,000 NOK in EBITDA.
Geographical distribution of businesses
Distribution of businesses
All businesses in the electronics retail industry in Vennesla are located in Vennesla. There is one business registered in the municipality, and the only business is located in the center of the municipality.
Geographical details
- Vennesla: 1 business, 14 employees, 21.7 million NOK in sales.
Bankruptcies and development over time
Bankruptcies and dynamics
There are no bankruptcies registered in the electronics retail industry in Vennesla over the past few years. The single business, Vennesla Elektromarked As, has been in operation since 1988 without bankruptcies. This indicates a stable and robust business in the industry.
Development over time
- Sales: Increased by 27.1% from 2022 to 2023, but decreased by 9.2% from 2023 to 2024.
- Number of employees: Increased by 10.0% from 2022 to 2023, and by 9.1% from 2023 to 2024.
Outlook for entrepreneurs
The electronics retail industry in Vennesla shows a gradual increase in sales and number of employees, despite the limited number of businesses. The single business has shown stable development over the past few years, and there are no bankruptcies. This may indicate that it is possible to establish oneself in the industry, especially with a focus on developing a differentiated offering and strengthening market position. Entrepreneurs should also consider collaborating with local stakeholders to utilize existing infrastructure and customer bases.
Comparison with agriculture
Agriculture is a broader industry in Vennesla with 11 businesses, compared to one business in the electronics retail industry. Sales in agriculture have shown a more stable development, with an increase from 28.2 million NOK in 2016 to 47.1 million NOK in 2025. The number of employees in agriculture has also shown a more gradual increase, from 31 in 2016 to 39 in 2026. This shows that agriculture is a more developed and diversified industry in the municipality compared to the electronics retail industry.
Peer businesses in agriculture
- Agder Lyd As: 10 employees, 11.3 million NOK in sales, 1.6 million NOK in EBITDA.
- Synsam Vennesla: 6 employees, 6.0 million NOK in sales, 1.1 million NOK in EBITDA.
- Tid & Syn As: 10 employees, 7.7 million NOK in sales, 384,000 NOK in EBITDA.
Other companies in landbruk (not in electronics store)
| Company | Industry | Address | Sales | Employees | EBITDA |
|---|---|---|---|---|---|
| Agder Lyd As | audio equipment / musical instruments store | Sentrumsvegen 11, 4700 Vennesla | NOK 11.3M | 10 | NOK 1.6M |
| Synsam Vennesla | optical store | Revia 3A, 4700 Vennesla | NOK 6.0M | 6 | NOK 1.1M |
| Tid & Syn As | optical store | Sentrumsvegen 55, 4700 Vennesla | NOK 7.7M | 10 | NOK 384.0K |
| Jenny Beate Kjønnås | optical store | Drivenesvegen|Drivenesvegen 17A, 4708 Vennesla | NOK 0 | 0 | NOK 0 |
| Jenny Beate Kjønnås | optical store | Drivenesvegen|Drivenesvegen 17A, 4708 Vennesla | NOK 0 | 0 | NOK 0 |
| Linde Handel Og Tjenester | computer store | Ravnåsvegen 429, 4706 Vennesla | NOK 0 | 0 | NOK 0 |
| Linde Handel Og Tjenester | computer store | Ravnåsvegen 429, 4706 Vennesla | NOK 0 | 0 | NOK 0 |
| Pisi Holding As | audio equipment / musical instruments store | Nesvegen 18B, 4700 Vennesla | NOK 0 | 0 | NOK -7.0K |
| Scandinavian Twist As | audio equipment / musical instruments store | Nesvegen 18B, 4700 Vennesla | NOK 58.0K | 0 | NOK -16.0K |
| Samtech As | phone store | Konvallvegen 72, 4706 Vennesla | NOK 0 | 0 | NOK -50.0K |
Conclusion
The electronics retail industry in Vennesla is a small but stable industry with one business dominating the market. The single business has shown gradual growth in sales and number of employees over the past few years, and there are no bankruptcies. This indicates that the industry has potential for further development, especially with a focus on developing a differentiated offering and strengthening market position. Entrepreneurs should also consider collaborating with local stakeholders to utilize existing infrastructure and customer bases. At the same time, the comparison with agriculture shows that agriculture is a more developed and diversified industry in the municipality, with more businesses and higher sales.