automobile industry

Top 5 Brands In The Automobile Industry

Business Technology

The automobile industry has taken a giant leap compared to the past. There are dozens of companies with billions of revenue working in this industry to become the top brand in the world. From petrol and diesel, these automobile companies have now transitioned into electric vehicles, which are more efficient and nature friendly. The emergence of new companies has created a lot of variation and competition in the market. Therefore automobile manufacturing companies are trying to stand out and grab that top position.

Top 5 brands in the Automobile industry

There are always big dogs in the industry when it comes to being in the top brands in the world. However, some new companies have emerged recently. That said, these car brands have already started competing against the giants within a short period of time already, like Tesla. The top 5 brands here are not only about the revenue or net worth of the company but their popularity, variation, and customer satisfaction.

So, let’s find out the top 5 brands in the automobile industry.

Toyota

toyota: one of the top brand in automobile industry

Undoubtedly, Toyota motor corporation is one of the biggest and oldest car brands in the world. With a long history that dates back to the nineteenth century, Toyota is a globally trusted company. Sakichi Toyoda revolutionized Japan’s textile industry by inventing Japan’s first power loom. Alongside Sakichi Toyoda was Kiichiro, who was an innovator in the company. Kiichiro discovered the automobile industry in the early 1920s when he visited Europe and the USA. Toyoda sold the patent rights of his automatic loom to Kiichiro, and he laid the foundations of the Toyota Motor corporation, which was established in 1937.

Toyota has a revenue of $281 billion and a market share of 10.24 %. It has successfully produced around 10.5 million units of vehicles. Naturally, Toyota motor corporation was and is among the biggest motor companies in the world.

Volkswagen

volkswagan: one of the top brand in automobile industry

We know Volkswagen for being the world’s most successful volume carmaker. This car company’s core brand maintains facilities in about 14 countries to produce vehicles for customers in over 150 countries. They established the company on May 28, 1937.

Under the control of Adolf Hitler of the National Socialist (Nazi) party, the government formed this state-owned automobile country. Volkswagen was also known as GesellschaftzurVorbereitung des DeutschenVolkswagennsmbH in past. . In 2018, Volkswagen Passenger Cars only delivered a record of 6.3 million vehicles worldwide.

Volkswagen has a revenue of $275 billion and a market share of about 7.59%. Since this top car brand is from Germany, it has access to all the resources and best technologies to push itself forward. From what we see, Volkswagen will still be among the best car companies in the world for a lot longer.

Ford

ford: one of the top brand in automobile industry

This world-renowned company was established by Henry Ford in the year 1903, on June 16, in Dearborn, Michigan, USA. As a global company, this Ford motors designs, manufactures, markets, and services a full line of SUVs, cars, trucks, electric vehicles, and Lincoln luxury vehicles.

The company has stepped into electric vehicle manufacturing and is now working on self-driving services. With over 200 000 employees worldwide, Ford Motors has got more than enough skilled human resources to remain among the best global car brands.

This company has a revenue of $150 billion and a market share of about 5.59%. It has successfully produced around 6.8 million vehicles.

Honda

Honda Motor Co., Soichiro Honda established Ltd, alongside Takeo Fujisawa on September 24, 1948, in Hamamatsu, Shizuoka, Japan. This company started automobile operations later in 1963 with the T60 mini truck and the S500 small sports car. The cars that Honda made are distributed under Honda trademarks mainly in Japan and overseas markets.

Honda sells less globally, but in Asia, it is the one that’s in the top position. This is because it sells 90% of its automobile in Asia. The company says to have produced over 5 million vehicle units and a market share of about 5.78%.

When we look at its market coverage, Honda may not have the widest range. However, we should also remember that Asia has India and China. With two of the most densely populated countries in the world under its range, Honda is the car brand of choice in these nations.

Tesla

Tesla was established relatively recently as American entrepreneurs Martin Eberhard and Marc Tarpenning found it in 2003. Besides these two, Elon Musk has a gigantic hand in making this company successful. The name of the company is after Serbian American inventor Nikola Tesla. Unlike other automobile companies, they involved Tesla in making electric vehicles only.

Besides cars, the company also makes solar panels through its SolarCity subsidiary. This 17+ years old company’s worth is now twice as much as centuries-old companies. The market cap of the company stands at around $102.66 Billion. The company has been manufacturing great cars ahead in technology that seemed like dream in the past, along with efficiency, and environment friendly; therefore, it has been gaining popularity. In the electric car market, Tesla owns 79% of the market despite producing only around 200,000 cars until now.

Besides these companies, other companies like General Motors, Daimler AG, BMW, Ferrari, Hyundai, SIAC, Fiat Chrysler Automobiles, and Nissan are doing great as well.

In the end

Although relatively recent, the rise in the automobile market is well under our expectations. That said, since the automobile industry is a market, it is also subject to change and competition. Due to this, there is tough competition among the companies. However, among the many companies in this industry, there are some that have become the best.

The ones we mentioned here are just some of the top ones. However, they represent the best car companies in the world.

We hope you found this interesting. And as always, thank you for reading till the end.

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