Once again, Volvo Trucks said it is the market share leader in Europe. The OEM announced a 19.0% share in 2025 for vehicles weighing 16 tons or more.

That’s up from 17.9% in 2024, according to Volvo, and comes as the OEM continues to lean in on its long-haul FH Aero lineup as a key driver of growth across the region.

Eyes on North America

“We are very proud to be market leader in Europe for the second consecutive year,” said Roger Alm, president of Volvo Trucks. “Our goal is to be our customers’ best business partner and being market leader is strong proof of the confidence our customers put in us.”

Volvo said its strongest European markets by registrations in 2025 included the United Kingdom, France, Poland, Germany, Lithuania and Spain. 

The OEM defined Europe as the European Union plus the UK, Norway and Switzerland (EU30).

Volvo said it was either the market leader or the No. 2 heavy truck brand in 30 countries globally in 2025.

In North America, Volvo Trucks reported a 9.2% combined market share across the U.S. and Canada in 2025. This, the OEM said, is a slight decline from 2024. The company attributed that drop primarily to broader long-haul market conditions -- a core segment that remains central to Volvo’s business in the region.

Volvo delivered 21,428 trucks in the U.S. and Canada in 2025, the company said.

To support long-term growth, Volvo said it has invested more than $2 billion in product development for the North American market, including an additional $400 million in its New River Valley manufacturing facility in Virginia.

Decarbonization Strategy Continues

Volvo also reiterated its long-term push toward fossil-free transport. The OEM has a goal of reaching net-zero emissions by 2040. 

The company’s strategy relies on three technology tracks: battery-electric trucks, fuel cell electric trucks, and combustion engines running on renewable fuels such as green hydrogen, biogas, biodiesel or HVO (hydrotreated vegetable oil).

“We will continue to innovate and introduce new trucks that contribute not only to our customers’ businesses, but also to the decarbonization of our industry,” Alm said. “By investing in multiple technologies, we can offer transport solutions that fit a variety of customer needs and markets.”