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Market Insights report
Volvo realized a total revenue of US$20.4 billion worldwide, while the total market revenue amounted to US$1.7 trillion in 2022. The largest passenger cars segment, SUVs, accounted for 63% of Volvo's revenue in 2022.
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Volvo's second largest segment was the Large Cars segment. It accounted for 16% of the makes revenue in 2022. In the market share by revenue category, Toyota (11.4%), Ford (7.9%) and Volkswagen (6.4%) take the lead worldwide. Volvo had a 1.20% market share.
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