Top 10 biggest car companies in the world by revenue in 2021
It is not so simple to determine who the largest automakers in the world are, as there are so many different factors to consider. The success of automobile corporations is influenced by a company's overall revenue, brand value, number of cars manufactured, and market capitalisation. Briefly.co.za has taken a look at each of these elements to provide you with the biggest car companies in the world.
Source: Getty Images
Generally speaking, a customer will make a purchase based on a company's brand value, which refers to the consumers' perception of and experiences with the brand. The best example of a company with a high brand value is Apple, or, regarding automobiles, Tesla or Porsche. Opinions aside, however, here are the most valued car companies based on each company's financial figures.
For the layman, here is a quick list of which automobile corporation owns which car brand:
- Volkswagen (Germany): VW, Audi, Porsche, Lamborghini, Bentley, Bugatti, SEAT, Skoda, MAN
- Toyota Motor Corporation (Japan): Toyota, Lexus, Daihatsu, Ranz
- Daimler AG (Germany): Mercedes-Benz, Smart, Fuso
- Ford Motor Company (US): Ford, Lincoln
- Honda Motor Company (Japan): Honda, Acura
- General Motors Company (USA): Chevrolet, Cadillac, Buick, GMC
- Fiat Chrysler Automobiles (Netherlands): Fiat, Chrysler, Alfa Romeo, Dodge, Jeep, Lancia, Maserati, RAM
Source: Getty Images
Biggest car companies in the world by market cap
The stock market determines a company's market capitalisation—these figures by multiplying the number of outstanding automotive market shares by one share's current market value.
Here are the top 10 automobile corporations by market cap in 2021:
- Tesla (U.S.): $795.8 billion
- Toyota: $207.5 billion
- Volkswagen: $96.7 billion
- BYD (China): $92.7 billion
- NIO (China) $89.5 billion
- Daimler: $72.8 billion
- General Motors ( U.S.): $71.3 billion
- BMW (Germany): $54.2 billion
- Stellantis (Netherlands): $54.2 billion
- Ferrari (Italy): $52.5 billion
Source: Getty Images
Which company has the highest revenue?
The revenue, not to be confused with profit, is calculated by the total amount of income earned by the company.
Top 10 biggest car companies by revenue in 2021 and the number of cars sold last year:
- Volkswagen AG: $282.9 billion: cars sold ~ 11.0 million
- Toyota: $275.4 billion : cars sold ~ 10.7 million
- Daimler: $172.7 billion: cars sold ~ 3.3 million
- Ford: $155.9 billion: cars sold ~ 5.4 million
- Honda: $137.4 billion: cars sold ~ 5.3 million
- General Motors: $137.2 billion: cars sold ~ 7.7 million
- SAIC Motor: $136.4 billion: cars sold ~ 5.4 million
- Fiat Chrysler Automobiles: $127.9 billion: cars sold ~ 4.4 million
- BMW : $123.4 billion: cars sold ~ 2.5 million
- Nissan Motor Corporation: $92.7 billion: cars sold ~ 4.7 million
Source: Getty Images
What is the richest car company in the world?
Toyota Motor Corporation has recently surpassed Mercedes-Benz as the most prosperous car company worldwide. The Japanese company's brand equity climbed by 2% to $59.47 billion.
Sakichi Toyoda founded this top-earning automobile manufacturer in 1926. Not only does Toyota make cars, but they are also involved in producing electronics, textile machinery and air-conditioning compressors. The Japanese based company manufactured over 10,5 million vehicles in 2020.
According to Forbes, Toyota Motor cleared a profit of $14.3 billion in 2020.
"Two main pillars support The Toyota Way: Respect for People and Continuous Improvement."
Source: Getty Images
Who is the largest car manufacturer in the world in 2021?
Sometimes automobile corporations are valued based on the number of vehicles manufactured by the company within a year.
Here are the world's largest automaker corporations alongside the number of vehicles produced in the year 2020:
- Toyota - 10,466,051
- Volkswagen Group - 10,382,334
- 3.Hyundai/Kia - 7,218,391
- General Motors - 6,856,800
- Ford - 6,386,818
- Nissan - 5,769,277
- Honda - 5,235,842
- Fiat-Chrysler Automobiles - 4,600,847
- Renault - 4,153,589
- Groupe PSA (Citroën) - 3,649,742
Source: Getty Images
When assessing each factor that determines a company's success, it is evident that there is no one clear winner. Tesla, for example, is more valued on the stock market, whereas Volkswagen takes the cake with overall revenue. However, the general consensus is that Toyota Motors was the most successful automotive company of 2021 as they cleared the highest profits of the fiscal year.
READ ALSO: List of 5 Industries That Have Produced World’s Biggest Billionaires in 2021
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Technology is another high-revenue industry as electronics become more and more vital in life. Read more with Briefly.co.za to see which other sectors are considered the most successful.
Source: Briefly News
