Toy Shop Industry in Narvik: A Comprehensive Analysis

Toy shop is a stable and growing industry in Narvik, with a combination of established businesses and new players. In 2025, the industry reported revenue of NOK 16.4 million, an increase of 17.4% compared to 2024. Workforce development has been more variable, but 16 employees were registered in 2026. The industry has no bankruptcy registrations, indicating a high degree of stability. However, there are some businesses operating without income or employees, which may pose challenges for new entrants.

The industry has shown strong economic trends over the past few years. Revenue increased by 51.5% from 2016 to 2017, and there has been continuous growth up to 2025, despite minor declines in some years. In 2025, revenue reached NOK 16.4 million, an increase of 17.4% compared to 2024. Workforce development has been more variable, with an increase from 13 to 16 employees between 2025 and 2026. The table below shows detailed figures for revenue and number of employees over time.

Five businesses are registered in the industry in Narvik, with a mix of AS and ENK entities. The key businesses are:

• Barnas Verden Narvik As (Kongensgate 66-70): Established in 1999, 9 employees, revenue of NOK 8.3 million in 2025.
• Narvik Leker & Kreativitet As (Bolagsgata 1): Established in 2017, 9 employees, revenue of NOK 8.2 million in 2025.
• Lokstallen Hobby Gaarden (Villaveien 36): Established in 1995, 0 employees, no revenue.
• Wold Collectibles (Øvre Båtberget 5, Ankenes): Two businesses with 0 employees and no revenue.

There are no bankruptcy registrations among these businesses, but two of them operate without income or employees, which may pose challenges for new entrants.

All activities in the industry are registered in Narvik, with 2 businesses and 18 employees. No activity is registered in other city districts or municipalities. The table below shows a detailed breakdown of activity by city district:

The industry has been stable with no bankruptcy registrations, indicating a high degree of economic health. However, two businesses operate without income or employees, which may indicate challenges for new entrants. There are no bankruptcy registrations in the industry, but it is important to note that some businesses have weak financial results. This may be a challenge for new entrants wishing to establish themselves in the industry.

The industry shows positive trends with a 17.4% increase in revenue from 2024 to 2025, indicating a growing market situation. However, there are variations in the number of employees, which may be a challenge for new entrants. With no bankruptcy registrations and stable economic development, the industry can be an attractive opportunity for entrepreneurs. SmartGrunder can help entrepreneurs find suitable addresses in Narvik for this industry, with a focus on future opportunities.

The toy shop industry in Narvik shows strong economic trends with growth in revenue and stable employee numbers. With no bankruptcy registrations and a high degree of economic health, the industry can be an attractive opportunity for new entrants. However, entrepreneurs should be aware of the challenges that may arise from businesses operating without income or employees. SmartGrunder can help entrepreneurs find suitable addresses in Narvik for this industry, with a focus on future opportunities.