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Volvo Trucks has maintained its position as the market leader in Europe for heavy trucks, reporting a 19.0% market share in 2025 for vehicles weighing 16 tons or more, up from 17.9% in 2024. This growth is attributed to the success of its long-haul FH Aero lineup.

Key markets for Volvo in 2025 include the United Kingdom, France, Poland, Germany, Lithuania, and Spain. Globally, Volvo holds the market leader or No. 2 position in 30 countries. In North America, the company reported a combined market share of 9.2% in the U.S. and Canada, a slight decline from 2024, with 21,428 trucks delivered.

Volvo has invested over $2 billion in product development for North America, including $400 million in its Virginia manufacturing facility. The company aims for net-zero emissions by 2040, focusing on battery-electric, fuel cell electric trucks, and renewable fuel combustion engines.