General presentation of Volvo
To understand how the Volvo Group can accelerate its growth in the coming years, it is essential to understand who it is and what its main activities and sources of revenue are. This is what we're going to tell you now with a comprehensive overview of the company:
The Volvo Group is a Swedish company involved in truck manufacturing. More precisely, the group is currently the world's number two in this sector.
In order to better understand the activities carried out by Volvo, it is possible to divide them into several divisions according to the share of turnover they generate and in this way:
- Firstly, the sale of trucks alone accounts for more than 64.2% of the company's turnover with 242,400 vehicles sold in 2011 under the Volvo, Renault, UD, Eicher and Mack brands.
- Construction equipment sales account for the next largest share, with 20.8% of sales of excavators, loaders, backhoes, hydraulic excavators, graders and dumpers.
- Sales of buses and chassis account for 7.2% of turnover and Volvo is the world's second largest manufacturer.
- The sale of marine and industrial engines, parts and control systems generates 2.8% of turnover and is aimed at cruise ships and commercial vessels and industrial applications such as irrigation units, forklift trucks and power generators.
- The sale of aircraft and gas turbine components and engines generates 2.1% of turnover.
- Finally, the remaining 2.9% of turnover comes from ancillary activities.
Geographically, the Volvo Group generates 38.9% of its turnover in Europe, 23.7% in Asia, 19.5% in North America, 11.3% in South America and 6.6% in the rest of the world.