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Volvo Trucks: A New Era in Heavy-Duty Transportation

In a landmark achievement, Volvo Trucks has claimed the top position in the heavy-duty truck market across Europe. This milestone was reached in 2024, showcasing a remarkable 17.9% market share, a first for the company in this segment. With 56,331 trucks registered within the year, the momentum is indicative of both consumer trust and the superior quality of Volvo's offerings.

Strong Presence Across Key Markets

The ascent of Volvo Trucks to market leadership is especially significant when considering its performance across critical European markets. The United Kingdom, France, Germany, Poland, and Spain have emerged as the primary countries contributing to this success. Such widespread acceptance underscores the effectiveness of Volvo's strategic market initiatives and the robustness of their product lineup.

Roger Alm, President of Volvo Trucks, expressed his pride in this significant market position, attributing it to customer satisfaction derived from the fuel efficiency, safety, and reliability associated with Volvo’s trucks. Notably, the newly launched FH Aero series has quickly gained favor, thanks to its innovative configurations available through electric, gas, and diesel engines. These advancements not only cater to diverse customer needs but also align with broader goals of reducing CO2 emissions and improving operational efficiencies for transportation businesses.

A Global Footprint

Volvo's growth is not just limited to Europe. In 2024, it also made waves in global markets, enhancing its share in 25 countries. Brazil stands out with Volvo securing the title of market leader for heavy trucks for the third consecutive year, achieving a 23.7% market share. The flagship Volvo FH model topped sales charts against other brands, exhibiting Volvo's strong appeal in various international markets.

In Australia, the company marked an 18.2% market share, while it holds a 10.5% share in North America, witnessing a slight increase from the previous year. Alm emphasized the company’s commitment to innovation, highlighting a complete product portfolio refresh in 2024 which positions Volvo strongly for future growth, especially in North America, where significant business expansion is planned. This strategic initiative includes the introduction of an all-new platform that will serve as a foundation for several upcoming models.

Commitment to Innovation and Sustainability

Volvo's innovative spirit is encapsulated in its plans for the future. The FH Aero trucks are not only designed for operational ease but also to meet the increasing demand for sustainability in the transportation industry. The trucks are equipped to facilitate significant reductions in fuel consumption, by as much as 10 percent compared to previous generations, aligning customer profitability with environmental responsibility.

Alm concluded his remarks by extending gratitude to the loyal customer base, partners, and all stakeholders within the Volvo Group for their unwavering support, which has been pivotal in achieving this historic market position. The acknowledgment of collaborative efforts reinforces the company's vision to remain a leader in providing solutions that promote efficiency and sustainability in heavy-duty transportation.

The climb to the top position in the heavy truck sector is a testament to Volvo Trucks’ continued commitment to delivering not just vehicles, but comprehensive solutions tailored to customer needs. As the industry evolves, Volvo's fusion of technology, sustainability, and customer focus seems poised to keep it at the forefront of the market.