Our Global Presence

Volvo Group is one of the world’s leading manufacturers of trucks, buses, construction equipment as well as marine and industrial engines. The Group also provides complete solutions for financing and service. With its headquarters in Gothenburg, Sweden, the Group employs 100,000 people, has production facilities in 18 countries and sells its products in more than 190 markets.

Volvo Group in short

104,000

Number of Volvo Group employees.

18

Countries we have production facilities in.

190

Markets we sell our products in.

Volvo Group market share in 2019

Facts

  • The Volvo Group’s products are sold and distributed through wholly-owned and independent dealerships.
  • More than 1 million Volvo Group vehicles and machines are connected via different telematics solutions.
  • During 2019, the service business represented approxi-mately 20% (20) of the Volvo Group’s net sales.
  • Financial Services provided financing solutions for 25% (24) of Group products in the markets where financing is offered.
  • 90% of all distribution centers are certified with ISO?14001.
  • Environmental product information, based on lifecycle assessment, is available for our products.
World map showing Volvo Group employees percentages

Our people are our biggest strength

All successful organizations have one thing in common – skilled and engaged people. The right talent and competence can be a scarcity if not actively managed, and it is increasingly important for the Volvo Group to attract, retain and develop the right people and to shape a culture that drives engagement and thus performance.

Continued good demand in many markets

The?Volvo Group is the world’s second largest manufacturer of?heavy-duty trucks,?one of the largest manufacturers of?buses and construction equipment and is also a?leading manufacturer of heavy-duty diesel engines as well as marine and industrial engines. Demand continued to be good in many markets in 2019, but with?a weaker development in the second half of the year.

Our locations at a glance
Volvo Group Europe

Europe

In the truck sector it is primarily the Volvo Trucks and Renault Trucks brands that dominate the market. The biggest markets are France, Britain, Germany, Sweden and Russia.
We produce trucks, buses, construction equipment and engines at 20 facilities in Europe. Primarily in Sweden, Belgium and France, but we also have a large production operation in Poland, for instance.

Volvo Group Belgium

Volvo Group France?Vénissieux Engine Plant

Volvo Group Netherlands

Volvo Group Poland

Volvo Group Sweden

Volvo Group UK & Ireland

Volvo Group Russia

Financial figures - Europe, 2019

  • Net sales: SEK 163,748 M (160,591)?
  • Share of net sales: 38% (41)?
  • Number of regular employees: 50,127 (49,694)?
  • Share of Group regular employees: 54% (54)?
  • Largest markets: France, the UK, Germany, Russia and Sweden.
  • Registrations of heavy-duty trucks in Europe 28 continued to be high, 265,000 units per November was on the same level as during the same period in 2018.?
  • Volvo Trucks’ market share of 15.5% as of November was lower than the 16.0% in 2018. Renault Trucks market share was 8.7% (8.8).
  • The construction equipment market grew by 6% as of November. However demand weakened during the course of the year.
Africa & Oceania

Africa & Oceania

The largest markets in this area are Australia, South Africa, Algeria, Morocco and New Zealand.

In Australia we build both our truck brands Volvo Trucks and Mack Trucks. Production takes place in the same factory in Brisbane.

In South Africa our Volvo Trucks and Renault Trucks models are assembled in a joint factory in Durban. In addition, we produce UD Trucks models in Pretoria.

Volvo Group Wacol Site

Financial figures - Africa & Oceania, 2019

  • Net sales: 25,750 M (25,182)
  • Share of net sales: 6% (6)?
  • Number of regular employees: 2,369 (2,474)?
  • Share of Group regular employees: 3% (3)?
  • Largest markets: Australia, South Africa, New Zealand and Morocco.
  • Demand for heavy-duty trucks in Australia declined by 10% from high levels.
  • The truck market in South Africa was stable on a good level, while demand in northern Africa continued to be weak.
  • Demand for construction equipment was soft in markets which have a large exposure to mining and resources.
Volvo Group Asia

Asia

We have nine production plants in Asia.

In India production is located mainly in Bangalore, where we build buses, trucks and construction equipment. In addition, we build trucks in a joint venture with Eicher in the Indian city of Pithampur.

In China we build buses, engines and construction equipment in Shanghai. We also have two joint ventures in China – with truck maker Dongfeng Trucks and with SDLG, which produces construction equipment.

Volvo Construction Equipment has a production plant in Changwon, South Korea, while a factory in Ageo, Japan, produces trucks under the UD Trucks brand as well as engines and transmissions.
The biggest markets are Japan, China, South Korea, Indonesia?and India.

Volvo Group China

Volvo Group India?Volvo Group Hosakote site

Financial figures - Asia, 2019

  • Net sales: SEK 79,951 M (76,976)?
  • Share of net sales: 19% (20)?
  • Number of regular employees: 16,863 (16,888)?
  • Share of Group regular employees: 18% (18)?
  • Largest markets: China, Japan, South Korea, India and Indonesia.
  • The Chinese market for construction equipment grew by 8% as of November, with a positive development for both excavators and wheel loaders.?
  • Out of the Group’s main truck markets in Asia, demand continued to be good in China and Japan while the Indian heavy-duty truck market declined substantially compared with 2018.
North America

North America

The big brands for our trucks in North America are Volvo Trucks and Mack Trucks, while for buses it is Volvo Buses, Prevost and Nova Bus.

We have production facilities at ten sites. In the USA we build trucks, engines, construction equipment and buses. The production plants are mainly found on the east coast such as at New River Valley and Hagerstown. In Canada and Mexico we build buses.

Volvo Group North America??Volvo Group Hagerstown Site

Financial figures - North America, 2019

  • Net sales: SEK 131,310 M (106,948)?
  • Share of net sales: 30% (28)?
  • Number of regular employees: 17,750 (17,845)?
  • Share of Group regular employees: 19% (19)?
  • Largest markets: The US, Canada and Mexico.
  • The heavy-duty truck market increased by 8% compared with 2018. However, order intake declined significantly during the course of the year.
  • Volvo Trucks lost market share while Mack gained some share. Volvo Trucks came in on 9.2% (10.3) and Mack on 7.0% (6.7).
  • The construction equipment market by 6% as of November, mainly due to increased demand for larger machines.
South America

South America

Our largest markets in South America are Brazil following by Peru, Chile and Argentina. Volvo Trucks and Mack Trucks are the dominant truck brands.

With industrial operations in Brazil since 1977, we have two plants in the country. In?Curitiba?we build trucks, bus chassis, cabs, engines and transmissions. In addition, we produce construction equipment in Pederneiras.

Volvo Group Brazil

Volvo Group Peru

Volvo Group Mexico

Financial figures - South America, 2019

  • Net sales: SEK 31,221 M (21,138)?
  • Share of net sales: 7% (5)?
  • Number of regular employees: 5,466 (5,228)?
  • Share of Group regular employees: 6% (6)?
  • Largest markets: Brazil, Peru, Chile and Colombia.
  • Demand in the important Brazilian truck market was strong, with a market increase of 42% for heavy-duty trucks.
  • Demand in other South American markets was more muted, but with Volvo Trucks gaining market share.?
  • The South American construction equipment market increased by 17% from low levels, mainly driven by Brazil.
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