Competitive Analysis Top Car Manufacturers Overview
Some manufacturers have fared better in comparison to others in regards to innovation and design, and it is by these two factors that these car manufacturers have created a reputation as the best and have made more revenues than others in recent years. Every year these leading car brands launch new models with the intention of making transportation faster and easier. Many of these manufacturers deliver more exceptional style and luxury. All of these factors create a higher market enthusiasm for these brands and the greater the features and the sales, the easier it is to separate the best from the rest.
Competitive Analysis – Top 10 car manufacturers of 2019
- Daimler AG
- Hyundai Motor Company
- Honda Motor Corporation
- Ford Motor Company
- Volkswagen Motor Company
- BMW Motor Company
- Fiat Chrysler Motor Company
- Nissan Motor Company
- Toyota Motor Company
- Kia Motor Company
Daimler AG owns different automotive companies like Mercedes AMG, Mercedes Benz, Mercedes Bharat, Mitsubishi Fuso, and Setra. Daimler possesses assets worth 235.118 billion Euros and has impressive revenue of 153.261 billion Euros. The numbers of popular cars that fall under the Daimler banner are too many to name; however, the luxurious Mercedes Benz is sure to ring a bell.
Hyundai Motor Companyis another South Korean entry on this list with a reputation and sales figures that exceed Kia, our earlier entry. Founded in 1967, Hyundai is a known name in almost all of Asia and has made great strides into the western markets in a few short years. Hyundai boasts of total assets of 125.6 billion USD as of 2017 and revenues of 76 billion USD.
The Honda Motor Company has an overwhelming presence in Asia, and its market share in western countries is no laughing matter. This is Japanese car brand has assets worth 18.22 trillion Yen and revenues worth 14.60 trillion Yen.
Ford Motor Company is an American brand that gets credit for being the pioneer in the field of large-scale auto manufacture, and with the advantage of a head start such as this, Ford has dominated the car market for 80 years since its establishment in 1903. Today the Ford brand is a beloved name in North America and is making its presence known all over the world.
The Volkswagen Motor Company is a widely-favored car among the middle class in North America and is a known name almost everywhere else in the world. Volkswagen manufactures buses, trucks, and vans in addition to a wide range of cars. This German automotive company has been around since before the 2ndWorld War, and it has effectively survived Germany’s darkest years to come out stronger and better.
The BMW brand has been around since 1917 and has only grown from strength to strength. Today BMW has assets worth 188.535 billion Euros and has revenue of 94.163 billion. It is easy to see how this car manufacturer has the means to put out the best cars on the market and effectively does so.
Founded in 2014 by Walter P. Chrysler, Fiat Chrysler is an MNC and the 7th largest manufacturer of automobiles in the world. While the brand is relatively new, it has managed to achieve much in regards to innovation and automobile technology in a few short years. With total assets of 49.02 billion as of 2017, it’s easy to understand how Fiat Chrysler is one of the world’s leading car brands.
With the launch of multiple hatchbacks and compact cars under the banner of the Infiniti luxury brand in the upcoming year, Nissan Motor Company is sure to make waves in 2018. This Japanese company is quickly expanding into growing markets with the Datsun model and is sure to rake in greater revenues in the year 2018. Nissan is known for the perfect balance of style and performance which is the driving force behind its popularity.
Toyota Motor Company which is a Japanese car maker and the world’s largest manufacturer of automobiles will continue to rake in the profits in 2018. Toyota has a known presence almost all over the world. Toyota has a whole lineup of new models for 2018 which are new and improved versions of its earlier models. The Toyota price range starts at $15,635 and goes up to $33,500. These may seem like great amounts, but these are a fair price to pay for some of the world’s best cars.
Partly owned by the Hyundai Motor Company group, Kia is a South Korean car manufacturer that has occupied the second spot amongst car makers in its home country and is making much progress in Europe and North America. The growth trajectory of this car maker qualifies it to be the brand to look out for in 2018. Kia vehicles such as Sportage and Rio facilitated a 9.6% hike in sales for the company in 2016. Kia excels at compact and budget-friendly cars that provide surprisingly great performance.