Volvo Group in Brief

The 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 about 100,000 people, has production facilities in 18 countries and sells its products in more than 190 markets.

Competitive products

All of the Volvo Group’s products have been developed to contribute to efficient transport and infrastructure solutions and to provide our customers with uptime. We drive the development of electrified vehicles and machines as well as automated solutions for the benefit of customers, society and the environment. Sales of new vehicles, machines and engines as well as used vehicles and machines, superstructures and special vehicles accounted for 77% of the Group’s net sales in 2018. Sales of vehicles and machines build a population of products that drives spare parts sales and service revenue.

World-class services

In addition to vehicles and machines, the offering includes various types of services such as insurance, rental services, spare parts, preventive maintenance, service agreements and assistance services. The range and flexibility of the offering means that the solutions can be customized for each customer.

The service business contributes to balancing the fluctuations in the sales of new products and is an area of priority. Sales of services accounted for 20% of net sales in 2018. The Group also offers financing for customers and dealers. Financial Services provided financing for 24% of products sold by the Group in 2018, measured in the markets where financing is offered.

World map with the percentages for Volvo Group's share of net sales by market in each continent

Strong positions globally

Thanks to competitive product programs, strong dealers with extensive service networks and increasingly more complete offerings, the Volvo Group has established leading positions on a global market. The Group is one of the world’s largest manufacturers of heavy-duty trucks, construction equipment, buses and heavy-duty diesel engines as well as a leading supplier of marine and industrial engines. These positions provide for economies of scale in product development, production, purchasing and financial services.

The logos of Volvo Group's brand portfolio

Strong brands

The Volvo Group’s brand portfolio consists of Volvo, Volvo Penta, UD Trucks, UD Buses, Terex Trucks, Renault Trucks, Prevost, Nova Bus, Mack and Arquus. We partner in alliances and joint ventures with the SDLG, Eicher and Dongfeng brands. By offering products and services under different brands, the Group addresses many different customer and market segments in both mature markets and growth markets.

Grey Volvo truck driving on a country road at sunset

Trucks

The truck operation’s product offer stretches from heavy-duty trucks for long-haulage and construction work to light-duty trucks for distribution. The offering also includes maintenance and repair services, financing and leasing.

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A R70D tip truck from Volvo

Construction Equipment

Volvo CE is one of the leaders in the development of products and services for the construction, extraction, waste processing, forestry and materials handling sectors.

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Purple Volvo bus in the middle of a turn

Buses

Volvo Buses is a leader in the development of sustainable public transport solutions and is one of the world’s largest manufacturers of premium buses, coaches and bus chassis. Volvo Buses has sales in 85 countries and a global service network, with more than 1,500 dealerships and workshops. Production facilities are found in Europe, North America, South America and Asia.

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Volvo Penta

Black and green Volvo Penta engine

Volvo Penta aims to be the most forward thinking and customer focused supplier of sustainable power solutions. Volvo Penta provides engines and power solutions for leisure and commercial boats, as well as for power generation and industrial, off-road applications.

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Financial Services

VFS offers competitive financial solutions which strengthen long-term relationships with Volvo Group customers and dealers. As the number one provider of financial solutions for Group products, VFS delivers value to customers and builds loyalty to the Group brands through ease of doing business, speed to market, and knowledge and expertise of the industry.

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