Volvo Trucks in 2022 executed its best performance in the company’s history. The global truck manufacturer delivered 145,195 trucks in 2022, an increase of 19% from 2021, when 122,525 trucks were delivered. Volvo Trucks also increased its market share in the heavy truck segment (≥ 16 tonnes) in 41 markets globally. The record deliveries and market share increase should be seen in the light of supply chain shortages that prevailed throughout the year.
In Europe, Volvo Trucks has a market share of 18.2%, which is the highest ever. Volvo Trucks is the market leader in several European countries. The company also increased its market shares in North America and Australia, to 10.8% and 17.0% respectively. In Brazil, Volvo Trucks increased its market share to 24.6% and thereby became the market leader for the first time ever. In South Africa Volvo Trucks increased its market share from 17.2% to 18.6%.
Volvo Trucks started series production of heavy-duty electric trucks in 2022, as the first global truck manufacturer to do so. Deliveries of electric trucks are now clearly showing a positive and increasing trend. The US, Germany, Netherlands, Norway and Sweden are today the biggest markets for Volvo’s electric trucks.