Volvo Trucks lead the market in Europe
Company becomes the market leading truck manufacturer in Europe for the first time ever
FOR the first time ever, Volvo Trucks are the market leaders in Europe for heavy trucks. In 2024, the company had an overall market share in Europe of 17.9% with 56,331 units, 16 tonnes and above, registered in the region*.
The country markets in which Volvo Trucks registered the most vehicle sales during the year were the UK, France, Germany, Poland, and Spain.
‘We are very proud to be the market leader in Europe. This is clear proof that our customers appreciate the fuel efficiency, safety, and uptime of our trucks and that we have a very attractive product offering,’ said Roger Alm, president of Volvo Trucks.
‘Our new FH Aero trucks that were launched in 2024 are just outstanding. These trucks are available with diesel, gas, and electric powertrains and they have quickly become very popular on the market. Transport companies choose Volvo because our products and services help them grow their business and reduce CO2. I wish to extend a big thank you to our customers for their trust in us, and to our dealers, suppliers, and colleagues within the Volvo Group for this achievement.’
Globally, Volvo Trucks increased their market share in 25 countries in 2024. In Brazil, the manufacturer was the market leader in heavy trucks for the third year in a row with a market share of 23.7%. The company’s flagship Volvo FH was the most-sold truck model of all brands in Brazil in 2024. In Australia, Volvo’s market share was 18.2%, while in North America (US and Canada) Volvo Trucks had a market share of 10.5%, rising from 10.2% in 2023.
‘We stand stronger than ever thanks to the complete renewal of our global product portfolio in 2024. In North America, where we aim to significantly grow our business, we launched a completely new platform that will be the base for a range of new models in the coming years. First out on the platform was the all-new Volvo VNL, which can deliver up to 10% better fuel economy when compared with the previous generation,’ said Mr Alm.
*Europe means the European Union including the UK, Norway and Switzerland
