Volvo 2013 Annual Report Download - page 54

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A GLOBAL GROUP 2013 AVSNITT
A GLOBAL GROUP 2013 GROUP PERFORMANCE
GLOBAL STRENGTH
IN A CHANGING
WORLD
Since the streamlining towards commercial vehicles was
initiated more than ten years ago, the Volvo Group has grown
into one of the world’s largest manufacturers of heavy-duty
trucks, buses and construction equipment and is today also
a leading manufacturer of heavy-duty diesel engines and
marine and industrial engines.
During this time, a number of acquisitions have been made, which
have brought economies of scale and increased geographical
reach. Volvo Group has during this time also successfully estab-
lished itself outside its historical markets of Europe and North
America and gained a strong foothold in the growing markets of
Eastern Europe, South America and Asia. During 2013, the markets
outside of Western Europe and North America accounted for 45%
of the Group’s total sales, compared with 16% in 2000.
50