Record year for Volvo Trucks in 2022

In News, Volvo3 MinutesBy NZ Trucking magazineFebruary 10, 2023

2022 was a record year for Volvo Trucks enjoyed a record year in 2022, delivering an all-time high number of its trucks and increasing its market share in 41 countries.

The global truck manufacturer executed its best performance in the company’s history, delivering 145,195 trucks in 2022, an increase of 19% from 2021, when 122,525 trucks were delivered. It also increased its market share in the heavy truck segment (≥ 16 tonnes) in 41 markets globally.

“We have had a fantastic year, considering the uncertain and difficult times we live in. Despite supply chain shortages and disturbances in production, we managed to increase our volumes significantly and get the trucks out to our customers, so that they can grow and improve their business,” said Roger Alm, President Volvo Trucks.

“This is thanks to our close collaboration with our suppliers as well as the hard work done in our own organisation and at our dealers.”

In Europe, Volvo Trucks has a market share of 18.2%, and 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.

“We have successfully launched new products and services during the year, and we have sold vehicles to many new customers, too,” said Alm.

“The feedback we get from customers is that they really appreciate and value our high quality and fuel-efficient trucks, and also the professional and rapid support they get from our extensive dealer and workshop network. All of these factors contribute to their own profitability.”

Volvo Trucks started series production of heavy-duty electric trucks in 2022, as the first global truck manufacturer to do so.. The US, Germany, Netherlands, Norway and Sweden are the biggest markets for Volvo’s electric trucks.

”Many of our customers, both in Europe and in many other markets, have started the shift to electric during the year,” said Alm.

“They clearly see that zero emissions transport is an increasing and exciting business opportunity. I’m very confident that this trend will continue and rapidly grow stronger in the coming years.”