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% and 56,331 Volvo trucks were registered in the region.

Volvo is for the first time ever the market leader for heavy trucks in Europe.

Volvo Trucks was the market leader in heavy trucks, 16 tonnes and above, in Europe with a market share of 17.9% in 2024. The markets with the most registered Volvo trucks 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 electric, gas and diesel 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 our 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, Volvo became 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%. In North America (US and Canada) Volvo Trucks had a market share of 10.5% (10.2% 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 percent better fuel economy when compared to the previous generation,” says Roger Alm.

Volvo Truck

About the Author: John Loughran