The automotive company is an important part of the global economy, manufacturing vehicles that efficiently transport goods and people not only within countries but across the complete regions. These entities produce vehicles like trucks, cars, vans, and also SUVs (Sports Utility Vehicles). There are some as well that manufacture motorcycles and all terrain vehicles along with commercial vehicles like buses and transport trucks. In this article, we will be seeing the top 10 automobile companies in the world.
The largest auto producers usually have a big global footprint, selling their vehicles to businesses and consumers across the globe. These big entities are primarily headquartered in just a few nations that control this sector. These nations are Germany, Japan, and the US. But the list of top 10 automobile companies in world 2021 also includes one from South Korea and one from Italy.
Top 10 Automobile Companies Around The World
In the below section we look into details at the 10 biggest automobile companies by a trailing revenue of 12 months. Some entities beyond the US report their profit semi-annually in place of quarterly.
This automobile industry is under heavy growth on a global range, with a predicted CAGR of approximately 5 percent for the upcoming 4 years. Boosted by innovation in technology, recent trends, and vehicle design, like the fame of connected cars, many successful manufacturers of automobiles are being at par with the latest developments to cater to the altering user expectation. This list is derived from the list of the top 100 automobile companies in the world.
Toyota Motor Corp. (TM).
Toyota is a multinational company that is based in Japan. It was the initial foreign manufacturer to create a dominant share of the market in the U.S. automobile sector by forming the industry standard for quality and efficiency. Toyota manufactures and designs cars, minivans, trucks, and also commercial vehicles. The models of vehicles include the Camry, 4Runner, Corolla, Tacoma, and the Prius, which is the hybrid electric sedan. The luxury car division of the company has Lexus. Toyota also manufactures accessories and parts and offers financing to their customers and dealers.
Volkswagen AG (VWAGY)
Volkswagen is a multinational automotive producing company that is based in Germany. It produces and develops passenger cars, trucks, and also light commercial cars like buses. Vehicle models include the Golf, Jetta, Tiguan, Passat, and many more. The entity stopped making its very popular Volkswagen Beetle compact car in 2019 because of the falling demand for smaller cars. The best known luxury brands of Volkswagen are Audi and Porsche. The entity also produces parts and provides its customer fleet management and financing services.
Daimler AG (DMLRY)
Daimler is also a multinational automobile company that is Germany-based. The entity manufactures vans, off-road vehicles, passenger cars, and commercial vehicles, like buses and transport trucks. It offers vehicles under a number of varied brands, that include Mercedes-Benz, Daimler, FUSO, smart, Western Star, and many more. This company also provides financing and leasing packages for users and dealers.
Ford Motor Co. (F)
Ford is a multinational automotive producing company. The company manufactures, develops, and services cars, vans, SUVs, and trucks. Vehicle models of this company include the Mustang, Edge, Fusion, Escape, F-150, Ranger, and many more. The company also offers vehicle-related leasing and financing.
Honda Motor Co. Ltd. (HMC)
Honda is a multinational automobile company that is based in Japan. It produces passenger cars, vans, trucks, all-terrain vehicles, and also motorcycles, as well as parts that are related to that. Vehicle models of this company include the Accord, Civic, Insight Hybrid, Odyssey, Fit, Passport, and many more. The luxury car division of the company is Acura. The entity also offers insurance and financial services. As with any kind of insurance giver, always do your part of research to make sure you are working with the best car insurance entity possible.
Bayerische Motoren Werke AG (BMWYY)
Bayerische Motoren Werke, which is also known as BMW, is a German-based multinational producer of luxury motorcycles and vehicles. The entity manufactures and designs vehicles under various brands, including BMW, Rolls-Royce, and MINI. The company also provides spare parts and accessories and offers leasing, credit financing, and other services to retail its customers.
General Motors Co. (GM)
General Motors is a multinational automobile producer. The entity manufactures and designs cars, trucks, and also automobile parts. It has been a champion in the development of electric vehicles, initially with the Chevy Volt and its successor, the Chevy Bolt. It functions under four big vehicle brands, which are Chevrolet, Cadillac, GMC, and Buick. The entity also provides automotive financing.
Fiat Chrysler Automobiles NV (FCAU)
Fiat Chrysler is a multinational automotive company that is based in Italy. It manufacturers and designs passenger automobiles along with light commercial vehicles. The entity functions under various brands, that include Fiat, Jeep, Dodge, Chrysler, Ram, and many more. The company also offers automotive-related components, production systems, and metallurgical products, and provides financing services.
Hyundai Motor Co. (HYMTF)
Hyundai is a South-Korea based MNC that manufactures automobiles. The entity designs and manufactures trucks, passenger cars, and also commercial vehicles. Vehicle models of this company include the Accent, Sonata, Santa Fe, Elantra, Tucson, and its Genesis luxury section. The company also manufactures parts, functions auto repair service centers, and offers financing services.
Nissan Motor Co. Ltd. (NSANY)
Nissan is a Japan-based MNC company that deals with automobiles. It also manufactures and designs passenger vehicles, marine equipment, forklifts, and related parts. Vehicle models of this entity include the Altima, Sentra, Versa, Maxima, Pathfinder, Titan, Rogue, and its LEAF electric car. The luxury car division of this company is Infiniti. The company also produces leasing and financing services.
The automobile industry is a big industry across the globe. There have been huge contributions made by this industry to the global economy. Most of the automobile companies across the globe are situated in primary countries: Germany, Japan, and the US. Other than that there are many top automobile companies in India as well. In the above section, we have discussed the 10 best companies in the automobile sector across the globe.