Europe

In Europe 29, (the 27 EU member states and Norway and Switzerland) registrations of heavy-duty trucks rose 8% to 179,185 vehicles in 2010, compared with 165,269 vehicles in 2009, driven by a recovery in Central and Northern Europe, while Southern Europe remained weak. The market for construction equipment rose by 15% in 2010.

It is difficult to gauge the effects European austerity packages will have on the economy in 2011, but Volvo currently estimates the truck market will amount to approximately 220,000 heavy-duty trucks. The market for construction equipment is expected to grow by 5-15% in 2011.