Volvo Trucks leads the market in Europe

For the first time ever, Volvo Trucks is the market

leader 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 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,” says Roger Alm, President 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 also to our dealers, suppliers and colleagues within the Volvo Group

for this achievement.” 

Increased market share in 25

countries 

Globally, Volvo Trucks increased its 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, the

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 (USA 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 to the previous generation,” says Alm.

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