Volvo 2015 Annual Report Download - page 78
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Distribution of net sales by
market 2015
Europe, 39%
North America, 33%
South America, 5%
Asia, 17%
Other markets, 6%
200
400
600
800
1,000
14
228
270
93
42
155
744
15
270
302
42
44
210
551
13
240
236
104
34
132
774
12
222
250
87
32
195
636
11
242
216
111
25
237
882
N. America
Japan
Brazil
India
China
Europe 30
N. America
Brazil
Japan
India
China
Europe 30
Market development, heavy-duty
trucks, Thousands
100
200
300
400
Europe
N. America
S. America
China
Asia (excl. China)
Europe
N. America
S. America
China
Asia (excl. China)
14
122
160
52
261
166
15
130
178
45
215
163
124
182
30
112
157
13
126
158
50
252
164
12
131
127
47
399
145
11
Market development, construction
equipment, Thousands
Since the streamlining towards commercial vehicles was initiated more than ten years ago, theVolvo Group has grown
into the world’s second largest manufacturer of heavy-duty trucks andone of the largest manufacturers of buses and
construction equipment and is today also aleading manufacturer of heavy-duty diesel engines and marine and industrial
engines. In 2015, market conditions varied around the world.
IN A CHANGING WORLD
GROUP PERFORMANCE
BOARD OF DIRECTORS’ REPORT 2015
GLOBAL STRENGTH
NORTH AMERICA
• Net sales: SEK 101,952 M (76,258)
• Share of net sales: 33% (27)
• Number of employees: 15,534 (15,217)
• Share of Group employees: 18% (16)
• Largest markets: The U.S., Canada and Mexico.
• The heavy-duty truck market grew by 12% but weakened
towards the end of the year.
• Record deliveries of Volvo trucks.
• Continued success for the Group’s captive engines and
gearboxes, which are delivered in a growing number of trucks.
• Improved profitability in the truck business.
• The construction equipment market grew, primarly driven by
compact machines.
R
ICA
52 M (76
,
258)
3
%
(
27
)
SOUTH AMERICA
• Net sales: SEK 16,725 M (26,958)
• Share of net sales: 5% (10)
• Number of employees: 5,380 (6,353)
• Share of Group employees: 6% (7)
• Largest markets: Brazil, Peru, Chile and Argentina.
• Demand in the important Brazilian truck market declined further,
mainly as a consequence of the weak economy. The heavy-duty
truck market was down 55%.
• Other South American markets held up better.
• New Volvo FH and Volvo FM rolled out.
• The South American construction equipment market continued
tobe negatively affected by the downturn in the global mining
industry and declined by 36% as of November.
)
5
3)
)
eandArgentina
rg
76