Industry · municipality
Toy Store Industry in Arendal: A Detailed Analysis
Key Figures, Companies, and Opportunities for Entrepreneurs and Local Decision-Makers in Arendal, Agder, Norway
Economic Development and Key Figures
Economic Overview
Arendal has experienced variations in sales development for toy stores over the years. In 2025, sales were NOK 59.0 million, an increase of 11.5% compared to 2024. However, there is a marked decline in 2021 (53.5%) and 2022 (12.7%), showing significant development waves. Employees have grown from 22 in 2016 to 30 in 2025, with a decline of 16.7% in 2026. The table below shows detailed development:
| Year | Sales (NOK) | Employees | Year-over-Year Change (Sales) | Year-over-Year Change (Employees) |
|---|---|---|---|---|
| 2016 | 35.9M | 22 | - | - |
| 2017 | 35.7M | 19 | -0.5% | -13.6% |
| 2018 | 26.8M | 20 | -24.8% | +5.3% |
| 2019 | 54.5M | 23 | +103.0% | +15.0% |
| 2020 | 51.0M | 23 | -6.4% | 0.0% |
| 2021 | 23.7M | 21 | -53.5% | -8.7% |
| 2022 | 20.7M | 23 | -12.7% | +9.5% |
| 2023 | 19.3M | 27 | -6.8% | +17.4% |
| 2024 | 53.0M | 28 | +174.4% | +3.7% |
| 2025 | 59.0M | 30 | +11.5% | +7.1% |
| 2026 | - | 25 | - | -16.7% |
Key Players and Organizational Structure
Companies in the Industry
Arendal has 6 companies in the toy store industry, with a total of 27 employees. The key companies include:
- Lekekassen As Avd Stoa Leker (Sagvannsveien 36) – Largest company with NOK 51.1M in operating income and 6 employees.
- Lek 1 As (Vesterveien 4) – NOK 6.4M in operating income and 7 employees.
- Lek 2 As (Langsæveien 5) – NOK 5.2M in operating income and 6 employees.
- Elize Montez As (Strømsbusletta 9) – New company established in 2021 with 8 employees.
Organizational Forms: All companies are registered as AS (Limited Company), indicating a standardized structure in the industry. No individuals or other organizational forms are registered.
Distribution of Activity within the Municipality
Niche Geography
All companies in the toy store industry in Arendal are registered in Arendal itself, with no activity in neighboring municipalities. The distribution per district shows:
- Arendal (main district): 4 companies, 27 employees, NOK 62.7M in sales and NOK 4.5M in EBITDA.
- Færvik: 2 companies (Lcgcards As and Sondre Kile Andersen), but these have no employees and no operating income.
No companies are registered in other districts in Arendal.
Bankruptcy Statistics and Operational Activity
Industry Dynamics and Bankruptcy Statistics
Within the toy store industry in Arendal, there are no bankruptcy registrations for companies during the period. However, two companies (Lcgcards As and Sondre Kile Andersen) have no employees and no operating income, which may indicate potential challenges in operations or recent startups. The table below shows bankruptcy statistics:
| Company | Bankruptcy Status | Cause |
|---|---|---|
| Elize Montez As | No bankruptcy | - |
| Lek 1 As | No bankruptcy | - |
| Lek 2 As | No bankruptcy | - |
| Lekekassen As | No bankruptcy | - |
| Lcgcards As | No bankruptcy | No operations |
| Sondre Kile Andersen | No bankruptcy | No operations |
Outlook for New Players
Outlook for Entrepreneurs
The toy store industry in Arendal shows greater variations than the average in Agder, with a larger sales increase in 2024 (174.4%) compared to 2023. This indicates an increasing demand for toys in the municipality. However, there is greater uncertainty in 2026, with a decline of 16.7% in the number of employees. Entrepreneurs should consider:
- Competitiveness: 4 established companies with good operating income (Lekekassen As, Lek 1 As, Lek 2 As) can be both competitors and potential partners.
- Market Keys: Larger sales in 2024 and 2025 show an increasing customer base in Arendal.
- Operational Challenges: Two companies (Lcgcards As and Sondre Kile Andersen) have no operational activity, which may indicate potential risk factors.
SmartGrunder can help entrepreneurs find optimal addresses in Arendal for toy stores, based on natural and market considerations.
Summary and Recommendations
Conclusion
The toy store industry in Arendal has shown greater variations in sales and number of employees over the years, but there is a rise in 2024 and 2025 showing potential opportunities. With 4 established companies and no bankruptcy registrations, it is a stable industry with good operational activity. Entrepreneurs should carefully consider the market in Arendal, focusing on increasing demand and competitive players. SmartGrunder can help find key addresses in the municipality for toy stores.
Brief Industry Overview
Summary
Arendal has 6 companies in the toy store industry with 27 employees and NOK 59.0M in sales in 2025. There are no bankruptcy registrations, but two companies have no operational activity. Sales have grown 11.5% in 2025 compared to 2024, showing an increasing demand. Entrepreneurs should consider the market in Arendal with a focus on stable players and increasing sales.