Volvo Trucks shares volume, market share records in 2022

Volvo Trucks shares volume, market share records in 2022

The company says it executed its best performance in 2022 in the company’s history.

Volvo Trucks says it had a record year in 2022, delivering an all-time high number of its trucks to customers and also increasing its market share in 41 countries. The company says it executed its best performance in 2022 in the company’s history. According to a press release, the global truck manufacturer delivered 145,195 trucks in 2022, an increase of 19% from 2021, when 122,525 trucks were delivered. Volvo Trucks adds it also increased its market share in the heavy truck segment (great than or equal to 16 tonnes) in 41 markets globally, despite supply chain shortages that prevailed throughout the year.  

In Europe, Volvo Trucks has a market share of 18.2%, the company notes. Additionally, Volvo Trucks says it 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, the company says.  

Volvo Trucks started series production of heavy-duty electric trucks in 2022. Deliveries of electric trucks are now showing a positive and increasing trend, the company says, adding that the US, Germany, Netherlands, Norway and Sweden are today the biggest markets for Volvo’s electric trucks. 

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