Over the years the automotive sector has developed into a well-established and experienced industry. The automotive industry has been enabled by automobile advances and manufacturing to grow into a competitive market. Through developing new job opportunities, automobile firms have made a major contribution to the growth of the global economy. On the other hand, it also plays a significant role in the economy, and with a strong foreign exchange, this sector has a lot of taxes and earnings. Many car manufacturing firms worldwide produce vast amounts of automobiles to gain higher revenues.
Hence, the automotive industry is one of the world’s most important economic industries. Billions of dollars are produced in this industry all over the globe on an annual basis.
Besides that, when put on the scale, the car companies are considered to be in some rank higher than the others on the market. We offer you a list of the world’s top 10 automotive firms. Such businesses are ranked based on their capitalization market valuation, and popularity.
It’s worth noting that nearly 1,015 billion vehicles are in operation today before we go on. Such automobile goods consist of cars, vans, buses, heavy-duty lorries. Let’s look at the top 10 companies in the automotive industry from around the industry.
Fast Look at the Top 10 Car Brands in the World:
- 1st Place: Toyota
- 2nd Place: Volkswagen
- 3rd Place: Daimler
- 4th Place: General Motors
- 5th Place: Honda Motors
- 6th Place: BMW
- 7th Place: Tesla, Inc.
- 8th Place: Ford Motor
- 9th Place: Fiat Chrysler
- 10th Place: Nissan Motor
10. Renault-Nissan Alliance
Nissan Market capitalization of Renault is $38.92 billion.
Nissan Motor Corporation is a Japanese automaker company that was founded in the city of Yokohama in Japan in 1933. It was formed on December 26 and Nissan has produced nearly 275,000 all-electric vehicles in the year 2016.
The Renault – Nissan – Mitsubishi Alliance is a wonderful collaboration between all the car manufacturers as a Franco-Japanese strategic partnership. Renault has its headquarters in France, Nissan is headquartered in Yokohama, Japan, and Mitsubishi Motors headquartered in Tokyo, Japan, selling more than 1 in 9 vehicles worldwide together.
The organization has manufacturing facilities in nearly 20 countries around the world and its consumer fractions come from more than 160 different nations. Eventually, Nissan operates a vast portfolio of world-renowned brands that operate in the automotive industry to manufacture a wide variety of products. The well-known groundbreaking products of the business range from the Nissan Leaf 100 percent electric to the Nismo super-performer. Nissan Motor also invests heavily in a “green” technology portfolio that includes clean diesel, powerful internal-combustion engines, and hybrids. On the other hand, it also puts specific importance on the development of zero-emission vehicles, such as electric cars and fuel cell vehicles.
Popular Models: Nissan Motor has been selling nearly 93,814 models since early 2019. It was great performing following the famous models in the next three cars. Which include affordable sedans with respective Sentra, Altima, and Versa.
9. Fiat Chrysler Automobiles
FCA (Fiat Chrysler Automobiles) has a $33.6-billion market capitalization.
FCA is a Italian/American automobile company, it is one of the UK’s best-known brands and other parts of the world as well. Fiat beat Renault to become one of the most successful car manufacturing firms in the world in 2018 Fiat Chrysler Automobiles produced 1,152,725 units in the first quarter of 2017 and with 431,666 units delivered it is all set to stay in eighth place. Thirty-three percent of Fiat Chrysler vehicles are produced in the US and all are Chrysler 200 models. Chrysler also covers The Dodge Challenger, Jeep, and all RAM models. A total of 89 percent of Jeeps are manufactured in the U.S., including the Wrangler Unlimited and the Cherokee.
Popular models: Fiat Chrysler Automobiles owns model cars such as Alfa Romeo, Chrysler, Fiat, Jeep, Dodge Challenger, Maserati, Ram, and others.
8. Ford Motor
Ford Motor has $44.78 billion in market capitalization.
Henry Ford had a dream of creating the best car company and, by purchasing a Michigan firm, now known as Ford Motor Company, they started it. In the year 1903, Ford Motor introduced vehicles designed and engineered by Henry Ford to manufacture and sell. At about 200,000 employees globally, the company is increasing its offerings to include a full range of Ford automobiles, buses, hybrid vehicles, etc. Ford is the second-largest automotive supplier in the United States. Ford is also the world’s second-largest family-owned corporation. This has had several years previously owned first rank and number one car sold in America.
Famous models: Ford F-Series Trucks (F-150), Ford Escort, Ford Model T, Ford Fiesta, Ford Focus RS Ford Mustang, Ford Transit, and Ford Taurus.
7. Tesla, Inc.
Market capitalization for Tesla Inc. is around $48.18 billion.
It was founded by an engineering group (Martin Eberhard and Marc Tarpenning) the year 2003. The company’s name is a tribute to inventor and electrical engineer Nikola Tesla.
While Tesla, an electric car maker, has lost $9 billion in market value since May 2018, it did not step up or down in the list of the top car companies ‘world rankings’. Tesla maintains its spot as the world’s eighth-most valuable automaker. Facing brilliant and ambitious moves on the market, Tesla’s engineer and technology entrepreneur CEO Elon Musk has also proven an inconsistent and ineffective path to its growth.
Popular Models: Tesla’s Model 3 has been the best-selling all-electric vehicle brand worldwide.
6. BMW group
BMW Group has a $53.9 billion market capitalization.
BMW (Bayerische Motoren Werke AG), founded in Munich, Germany in 1916, has slipped a few spots into the list of the world’s biggest automakers in the last few years. They have their manufacturing units in nearly 14 countries across the globe.
Also, the organization serves as the supplier of premium financial and mobility services (Lowest Charges). BMW has evolved into a truly multinational organization with over 30 manufacturing and distribution plants in many countries and a worldwide market network for other companies since its founding in the year 1916. The total workforce strength of the company is 120,000 + of which about 90 percent of the workers are in the automotive segment and others are part of financial & mobility services.
Popular models: Mini Cooper, Rolls-Royce, BMW I, BMW X models are owned by BMW group as best-selling cars by them.
5. Honda Motor Co.
They’re $57.48 billion in market capitalization.
Honda Motor Company is a Japanese multinational manufacturer of automobiles and motorcycles with its presence across the globe. They offer both motor vehicles and car solutions.
Soichiro Honda founded the company in 1948 and is headquartered in Tokyo, Japan. Later in 1959, they went to the U.S. Honda makes famous cars, and the majority of manufactured Honda cars are made in the United States.
Honda is the world’s fifth-largest car manufacturer and is behind Toyota, Volkswagen Group, and Daimler companies on the list. It was founded in and has had a remarkable journey to become one of the world’s leading manufacturers. The corporation has expanded steadily since the launch of the first U.S. store in the 1950s, to becoming a multinational brand to settle in states. In the year 2017, they sold more than 5 million vehicles.
Popular models: Honda CR-V, Honda Civic, Honda Accord, and Honda Pilot.
4. General Motors
General Motors has $52.68 billion in market capitalization.
General Motors was founded in 1908 by Williams Buick, owner of the car manufacturer Buick. The organization operates on five continents across several countries with its regional headquarters in Detroit, USA. It has more than 12,000 distributors who sell in more than 125 countries.
General Motors became North America’s first company to construct a research facility solely to research the cars ‘rollovers.
The business sells vehicles from electric cars to full-size heavy-duty trucks that speak volumes about the global scope of the product. The company’s success in the previous year was impressive. The company sold nearly 9 million vehicles worldwide through its dealers in 2017, with more than 12,450 selling vehicles in 125 countries worldwide.
The business has achieved being one of the firms with the largest revenue in the US automotive industry.
Popular Products: In the previous year, the company has launched many products that include well-known brands such as Chevrolet, Cadillac, and GMC in their portfolio.
3. Daimler AG
Daimler AG has a market capitalization of $68.50 billion Daimler shares which has been slumping gradually over four years. The stock has lost more than 50% of its value during that period. It, on the other hand, led Daimler AG to drop a spot in the rankings, even though 2018 formed to be its consecutive year of success.
The business has a wide presence in multiple domains across Mercedes-Benz passenger cars, Daimler Buses, Vans, Busses, and Financial Services. Mercedes-Benz of the group Daimler AG is also a leader in four-wheel-drive all-terrain models. Daimler also performed exceptionally well in the category of electric vehicles, as a total of 136,000 smart electric models were sold worldwide. With them, Mercedes-Benz Cars also sets an unparalleled series of records for rising its unit sales for more than four years per month. Hereby it is one of the top 10 automotive companies in the world with its 3rd position in the top car brands chart.
Famous Models: Daimler AG’s passenger car division is Mercedes which sold over 2.4 million Mercedes-Benz as Daimler’s top-selling brand.
VW(Volkswagen) has a $95 billion market capitalization.
Volkswagen had sold more than 10 million vehicles in 2017 and was founded in 1937. The Company consists of two industry groups: the automotive groups and the consumer divisions of financial services. Volkswagen’s automotive divisions also include passenger cars, heavy commercial vehicles and the automation business areas of Power Engineering.
Volkswagen’s passenger cars ‘dream is to “transfer people and push them easily forward.” The Group has a reputation for owning big names of cars such as Volkswagen Passenger Vehicles, Audi, SEAT, Skoda, etc. The company set a new milestone in 2017 by supplying a total of 1.07 crores of vehicles in so many nations worldwide. With a workforce strength of about 6,42,300, the company is one of the largest private-sector employers in the automotive industry and one of the world’s leading car brands worldwide.
Famous Models: The overall growth in the Volkswagen Group’s popularity extended best-selling models such as Volkswagen T-Cross and Skoda Kamiq.
1. Toyota Motors
Toyota Motor Company has a 1999 billion dollar market capitalization.
Within their company, Toyota Motor invested $1 million each hour for research and development. With its headquarters in Aichi, Japan, the company has grown to become the fifth-largest revenue-related business in the world. The company operates through more than 50 production plants overseas, spread over 30 countries and regions of the world. This covers all of the world’s broader regions including North America, Latin America, Africa, Asia-Oceania and Europe. The organization has also recently exceeded 75 years since its inception.
Toyota Motor Corporation is the world’s largest automotive manufacturer. This is almost four times larger than Tesla. Toyota was named after Toyoda, his creator.
They won an award for being the longest-running car. In 1957, Toyota went to America and produced more than 300,000 jobs in the united states alone.
Famous Models: Toyota Corolla, by the Toyota Motor Company, is the bestselling car until the late.