Volvo Trucks Becomes Market Leader in Europe for Trucks Over 16 Tons

For the first time ever, Volvo Trucks is the market leader in Europe for heavy trucks. In 2024, 56,331 Volvo trucks were newly registered in the region. With a market share of 17.9% in 2024, Volvo Trucks has become the market leader for heavy trucks over 16 tons in Europe. The markets with the most newly registered Volvo trucks during the year were the United Kingdom, France, Germany, Poland, and Spain.

(Ismaning) “We are very proud to be the market leader in Europe. This is clear evidence that our customers appreciate the fuel efficiency, safety, and reliability of our trucks, and that we have a very attractive product offering,” says Roger Alm, President of Volvo Trucks.

“Our new FH Aero, which launched in 2024, is simply outstanding. These trucks are available with electric, gas, and diesel engines and have quickly gained traction in the market. Transport companies choose Volvo because our products and services help them grow their business and reduce CO₂. I would like to thank our customers for their trust, as well as our dealer and workshop partners, suppliers, and our colleagues within the Volvo Group for this success.”

Increased Market Share in 25 Countries

Globally, Volvo Trucks was able to increase its market share in 25 countries in 2024. In Brazil, Volvo became the market leader in heavy trucks for the third consecutive year with a market share of 23.7%. The company’s flagship, the Volvo FH, was the best-selling truck model of all brands in Brazil in 2024. In Australia, Volvo’s market share was 18.2%. In North America (USA and Canada), Volvo Trucks had a market share of 10.5% (10.2% in 2023).

“Thanks to the complete renewal of our global product portfolio in 2024, we are stronger than ever. In North America, where we want to significantly expand our business, we have introduced an entirely new platform that will serve as the basis for a range of new models in the coming years. The first model on this platform was the new Volvo VNL, which has up to 10 percent lower fuel consumption compared to the previous generation,” says Roger Alm.

By ‘Europe’, we mean the European Union including the United Kingdom, Norway, and Switzerland (EU30). North America refers to the USA and Canada.

Photo: © Volvo Trucks