Fans of the Swedish car can see a range of models – from the first Volvo truck made in 1928 to the new VN780, described as "gigantic" by the museum.
The museum was closed for refurbishment and expansion but the glass-facade building now contains over 100 Volvo products.
Visitors can see concept vehicles that did not go into production, boat and aircraft engines and construction equipment as well as trucks, buses and cars.
Last year 52,000 people went the museum – approximately 60 per cent of them from outside Sweden.
Museum curator Sten-Ake Lyngstam said: "As this museum can only be described as a jewel in Volvo's crown, we are now hoping to welcome many more visitors."
The company sponsors the Volvo Eco Challenge, that helps sailing clubs become more environmentally-friendly.
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