The Registrations of Volvo vehicles in Germany attained a value of 47,194 Units in 2020
The indicator recorded a historical growth (CAGR) of 4.92% between 2017 to 2020, and is expected to grow by...
GlobalData projects the indicator to grow at a CAGR of...
Car manufacturing industry in Germany
The German car manufacturing industry, which is the largest in Europe, declined in both value and volume terms over the historic period. The industry suffered a particularly steep decline in 2020 amid the COVID-19 pandemic. The industry looks set to recover in the forecast period. Like much of the rest of Europe, car sharing start-ups have dented growth in Germany’s sales, as an increasing number of Germans, especially those belonging to the younger segments of society, opt to share vehicles rather than purchase their own due to financial restraints or environmental reasons. Car2Go, which is owned by Daimler AG, is a prime example of a successful car sharing platform that has cemented its position, especially in the urban centers of Germany.
Company overview
AB Volvo (Volvo or 'the company') is a global manufacturer of trucks, buses, construction equipment, marine engines and industrial engines. The company offers solutions for financing and service to its customers. It manufactures and sells medium to heavy trucks for long-haul, regional transport, and construction operations and light-duty trucks. The company also provides services such as insurance, rental services, spare parts, preventive maintenance, service agreements, assistance services and IT services. Volvo operates through the brands including Volvo, Volvo Penta, Terex, UD, Renault Trucks, Prevost, Nova Bus, Mack and Eicher. Volvo has presence across Europe, North America, Asia, and South America. The company is headquartered in Gothenburg, Vastra Gotaland, Sweden.
Products and services
Volvo is a global manufacturer of trucks, buses, construction equipment, marine engines, and industrial engines. The group's key products, services and brands include the following:
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Germany
Japan
United States of America
United States of America
Netherlands
Germany
Germany
Japan
South Korea
United States of America
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