TOP 10 AUTOMOBILES COMPANIES IN THE WORLD
The Innovations and Manufacturing of the Vehicles have helped the Automotive Industry to bloom into a Profitable Market.
The Automobile Sector has climbed over the years into a seasoned and well-established industry. Automobile companies have contributed significantly to the development of the world’s economy by creating new job opportunities. On the other hand, it also plays an important role in the market because this industry has a lot of taxes and earnings with a big foreign exchange. Several automobile manufacturing companies within the world manufacture vehicles in a bulk quantity to realize higher revenues.
Hence, The Automobile Sector is one of the most important sectors in the economy of the world. In this industry, billions of dollars are generated on an annual basis throughout the globe.
Apart from that, The Automobile Companies are considered on some rank higher than the others in the market when they placed on the scale. It is worth saying that there are almost 1.015 billion automobiles in use today. These automobile products comprise cars, trucks, buses, heavy-duty trucks. Let’s take a look at the world’s top 10 companies in the automotive world.
Top 10 best Automobile Companies in the World
- Place: Toyota
- Place: Volkswagen
- Place: Daimler
- Place: General Motors
- Place: Honda Motors
- Place: BMW
- Place: Tesla, Inc.
- Place: Ford Motor
- Place: Fiat Chrysler
- Place: Nissan Motor
1. Toyota Motors
Toyota Motor Corporation is the largest automobile company in the world. It is almost four times bigger business than Tesla. Toyota was named after its founder, Toyoda. Toyota Motor Corporation has a market capitalization of $199 billion.
Toyota Motor invested $1 million every hour for the research and development within their company. With its headquarter in Aichi, Japan, the company has grown to become the world’s fifth-largest firm in terms of revenue. The company operates through more than 50 overseas manufacturing plants spread over 30 countries and regions of the world. This covers all the broad regions of the world including North America, Latin America, Africa, Asia-Oceania and Europe. The company has reached 75 years since inception very recently.
They have received an award for being the vehicle to last the longest. Toyota went to America in 1957 and it has created over 300, 000 jobs in the united states alone.
Famous Models: The bestselling vehicle till the late is Toyota Corolla by the Toyota Motor Corporation.
Volkswagen (VW) was founded in 1937 and it has a market capitalization of $95 billion.
It had sold over 10 million vehicles in the year 2017. The group consists of two divisions in business: the automotive divisions and the financial services divisions in the market. The automotive divisions by Volkswagen further comprise of the passenger cars, the heavy commercial vehicles, and the Power Engineering business areas in automation.
The vision of Volkswagen passenger cars is “Moving people and driving them forward with ease”. The Group has a reputation for owning big car names like Volkswagen Passenger Cars, Audi, SEAT, Skoda, etc. In the year 2017, the company achieved a new record by delivering overall 1.07 crores vehicles worldwide in so many nations. With its employee strength of around 6,42,300, the group is one of the largest employers in the automotive private sector and one of the world’s top car brands across the globe.
Famous Models: The overall rise in the success of the Volkswagen Group expanded best selling models like Volkswagen T-Cross and Skoda Kamiq.
3. Daimler AG
Daimler AG has a market capitalization of $68.50 billion
Daimler shares have been steadily slumping for over four years. Over that time, the stock has lost more than 50% of its value. On the other hand, this caused Daimler AG to slip a spot in the rankings, even as 2018 shaped up to be its straight record year.
The company has a strong presence through Mercedes-Benz passenger vehicles, Daimler Trucks, Vans, Buses and Financial Services the company has its global presence in multiple domains. The company Daimler AG’s Mercedes-Benz is also a specialist in all-terrain four-wheel drive brands. Daimler also performed exceedingly well in the electric cars segment as a total of 136,000 electric smart models were sold worldwide.
Mercedes-Benz Cars by them also sets an unprecedented series of records of increasing its unit sales every month for more than four years. Hereby, it's one among the world’s top 10 automobile companies with its 3rd position within the top car brands list.
Famous Models: The passenger car division of Daimler AG is Mercedes, which sold a total of more than 2.4 million Mercedes-Benz as a top-selling model by Daimler.
4. General Motors
GM has its market capitalization of $52.68 billion.
General Motors was founded in the year 1908 by the owner of Buick automobile manufacturer, Williams Buick. With its global headquarter in Detroit, USA, the company operates on five continents across many countries. It has over 12,000 dealers selling in over 125 countries. General Motors was the first manufacturer company in North America to build a test facility just to test rollovers of the cars.
The company offers vehicles ranging from electric cars to heavy-duty full-size trucks that talk volumes about the firm’s global reach. The company has shown a remarkable performance in the previous year. In the year 2017, the company delivered almost 9 million vehicles globally through its dealers which counts to over 12,450 selling vehicles in 125 different countries around the world.
The company has had the achievement of being one of the companies having the highest sales in the automobile industry in the US.
Famous Models: The company has also launched multiple models the previous year which includes well-known brands like Chevrolet, Cadillac, and GMC in their portfolio.
5. Honda Motor Co.
Their market capitalization is $57.48 billion.
Honda Motor Company is a Japanese multinational automotive and motorcycle manufacturing company with its presence all around the globe. They sell motor vehicles as well as automotive solutions.
The company was incorporated in 1948 by Soichiro Honda and is headquartered in Tokyo, Japan. Later, they went to the United States in 1959. Honda makes popular cars and most Honda cars produced are made in the United States.
Honda is the fifth largest automobile manufacturer in the world and it’s behind in the list by Toyota, Volkswagen Group, and Daimler companies. It was founded in and had a tremendous journey to be one of the leading manufacturers of the world. From the opening of its first U.S. outlet in the 1950s, the company quickly grew fast to become a global brand to settle in States. They sold over 5 million cars in the year 2017.
Famous Models: Honda CR-V, Honda Civic, Honda Accord, Honda Pilot, and Honda Odyssey.
6. BMW Group
BMW Group, have a market capitalization of $ 53.9 billion.
Founded in Munich, Germany in 1916, BMW (Bayerische Motoren Werke AG) has slipped a few spots in the list of the world’s top automakers in the past years. They have their manufacturing units in almost 14 countries across the globe.
Besides, the company also acts as the provider of premium financial (Lowest Charges) and mobility services. Since, its inception in the year 1916, BMW has evolved itself as a truly global company with 30+ production and assembly facilities in many countries and a global sales network for other services. The company’s total employee strength is 120,000+ out of which around 90 percent of the employees are in the automobile segment and others are part of financial & mobility services.
Famous Models: BMW group owns Mini Cooper, Rolls-Royce, BMW I, BMW X models as best selling cars by them.
7. Tesla, Inc.
Tesla’s market capitalization is around $48.18 billion.
It was founded in the year 2003 by a group of engineers (Martin Eberhard and Marc Tarpenning) and Serbian American inventor Nikola Tesla.
Although the electric car manufacturer Tesla has lost $9 billion in market value since May 2018, it didn’t move up or down in the list of world rankings of the biggest car companies. Tesla is maintaining its position as the eighth-most valuable automaker worldwide.
Tesla’s engineer and technology entrepreneur CEO Elon Musk, though brilliant and bold moves in the market, has also proven an erratic and unreliable approach to its success.
Famous Models: Model 3 by Tesla has become the world’s best-selling all-electric vehicle model.
8. Ford Motor
Ford Motor has a market capitalization of $44.78 billion.
Henry Ford had a vision of building the best car company and they started it by acquiring the business of a Michigan company, also known as Ford Motor Company. Ford Motor incorporated in the year 1903 to produce and sell automobiles designed and engineered by Henry Ford. With about 200,000 employees worldwide, the company expands its services in a full line of Ford cars, trucks, electric vehicles, etc.
Ford is the second most selling car manufacturing company in the United States. Ford is also the second-largest in the family-owned company in the world. It has maintained first rank and number one car sold in America for many years previously.
Famous Models: Ford F-Series trucks (F-150) Ford Escort, Escort RS Cosworth, Ford Model T, Ford Fiesta, Ford Focus RS Ford Mustang, Ford Transit, and Ford Taurus.
9. Fiat Chrysler Automobiles
FCA (Fiat Chrysler Automobiles) has a Market Capitalization of $33.6 billion.
FCA is an automobile company based in the UK, It is one of the best-known brands in the United Kingdom and other parts of the world also. Fiat beat Renault to become one of the most valuable car manufacturing companies in the world in 2018
Fiat Chrysler Automobiles produced 1,152,725 units in the first quarter of the year 2017 and it is all set to remain in eighth place with 431,666 units produced. 33% of Fiat Chrysler vehicles are made in the US and all of them are Chrysler 200 models. The Dodge Challenger, Jeep, and all RAM brands are also part of Chrysler. A total of 89% of Jeeps, including the Wrangler Unlimited and the Cherokee, are produced in the US.
Famous Models: Fiat Chrysler Automobiles owns cars model like Alfa Romeo, Chrysler, Fiat, Jeep, Dodge Challenger, Maserati, and Ram.
10. Renault-Nissan Alliance
Nissan’s Market Capitalization is $38.92 billion.
Nissan Motor Corporation is a Japanese automaker company, which established in the year 1933 at the Yokohama city in Japan. It was founded on 26th December and in the year 2016, Nissan has produced almost 275,000 all-electric vehicles.
The Renault–Nissan–Mitsubishi Alliance is a great partnership as a French-Japanese strategic partnership between all the automobile manufacturers. Renault is based in, France, Nissan is based in Yokohama, Japan and Mitsubishi Motors based in Tokyo, Japan, which together sell more than 1 in 9 vehicles worldwide.
The company has its manufacturing facilities in almost 20 countries worldwide and its customer fractions are from more than 160 different nations. Ultimately, Nissan owns a diverse range of world-renowned brands that operate to produce a wide variety of products in the automotive market. The company’s well known revolutionary products range from the 100% electric Nissan Leaf to the super-performer Nismo.
Nissan Motor is also heavily investing in a portfolio of “green” technologies which includes clean diesel, efficient internal-combustion engines, and hybrids. On the other hand, it also gives a special focus on producing zero-emission vehicles, such as electric cars and fuel cell vehicles.
Famous Models: Nissan Motor sells almost 93,814 models since the beginning of the year 2019. Following the popular models in the next three cars were great performing. These include affordable sedans with the Sentra, Altima, and Versa respectively.
Edited by Dhivya A
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