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The 15 Corporations That Make the Most Cars



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The 15 Corporations That Make the Most Cars

The auto industry is notoriously capital intensive.

As a company like Tesla has discovered over its relatively short history, the manufacturing processes required to make thousands of cars at scale are extremely costly and ridden with unexpected setbacks. To make matters worse the vehicle market is ultra competitive, with very little room for error.

Unless you have a game-changing innovation, powerful brand loyalty, or strong cost leadership, it’s easy to have your lunch eaten by competitors – or to get gobbled up in the industry’s next M&A transaction.

The Auto Landscape

Today’s infographic comes to us from Alan’s Factory Outlet, and it shows the 15 corporations that make the majority of the world’s cars.

Here are those corporations, sorted by annual revenue in U.S. dollars:

RankCorporationRevenue ($USD)
#1Volkswagen Group$265.7 billion
#2Toyota Motor Corp.$260.8 billion
#3Renault-Nissan-Mitsubishi*$189.8 billion
#4Daimler AG$188.4 billion
#5Ford Motor Company$156.8 billion
#6General Motors$145.6 billion
#7Honda Motor Company Ltd.$139.4 billion
#8Bayerische Motoren Werke AG$112.9 billion
#9Fiat Chrysler Automobiles N.V.$110.9 billion
#10Tata Group$100.4 billion
#11Hyundai Motor Group$85.9 billion
#12Peugeot S.A.$75.5 billion
#13Suzuki Motor Corp.$34.1 billion
#14Geely$14.8 billion
#15Tesla Inc.$11.8 billion

*Renault-Nissan-Mitsubishi is not technically one company, but an alliance

A select few of these companies, such as Tesla or Suzuki, make only one brand of car.

As seen in the graphic, however, the majority of these corporations are actually conglomerates with multiple brands falling under one parent company. These brands are either created strategically by the parent company to target new markets, or they are the result of mergers and acquisitions.

Corporate Family Trees

Here are how these additional brands get added or adopted into each corporate family tree:

1. Filling a Strategic Need
In the 1960s and 1970s, Japanese autos started flooding the North American market – and by 1975, Toyota was the top imported brand in the United States. While Japanese automakers like Toyota, Honda, and Nissan were able to capture market share, at this time they still did not have the reputation they had today.

That’s why, almost simultaneously, these same major Japanese automakers launched separate luxury brands to tap into new market segments. In a short span, Acura (1986), Infiniti (1989) and Lexus (1989) were all founded to gain a foothold in the growing luxury market, with large amounts of success.

2. Changing Hands
Rather than start a brand from scratch, big automakers can also dip into their financial resources to acquire a brand that suits their strategic needs. A good example of this is India’s Tata Motors, a company that was expanding rather aggressively in the 2000s.

Tata Motors purchased the Jaguar Land Rover subsidiary from Ford in 2008, and now owns these well-known British luxury brands.

3. A Good Old-Fashioned Merger
In the last 20 years, Chrysler has been a part of two massive mergers. The first one with Germany’s Daimler Benz happened in 1998, and fell apart because of cultural differences between the companies.

The second merger was a little more one-sided: in 2009, Italian company Fiat moved in to take control of Chrysler after the latter’s bankruptcy. The union is still together today.

4. Staying Alive
After Kia Motors filed for bankruptcy in 1997 during the Asian financial crisis, a fellow South Korean automaker came to the rescue. Hyundai outbid Ford to grab a 51% stake in the company – and while that stake is less now for various reasons, the two brands are still tied at the hip today.

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Ranked: The World’s 50 Top Countries by GDP, by Sector Breakdown

This graphic shows GDP by country, broken down into three main sectors: services, industry, and agriculture.



Visualized: The Three Pillars of GDP, by Country

Over the last several decades, the service sector has fueled the economic activity of the world’s largest countries. Driving this trend has been changes in consumption, the easing of trade barriers, and rapid advancements in tech.

We can see this in the gross domestic product (GDP) breakdown of each country, which gets divided into three broad sectors: services, industry, and agriculture.

The above graphic from Pranav Gavali shows GDP by country, and how each sector contributes to an economy’s output, with data from the World Bank.

Drivers of GDP, by Country

As the most important and fastest growing component of GDP, services make up almost 60% of GDP in the world’s 50 largest countries. Following this is the industrial sector which includes the production of raw goods.

Below, we show how each sector contributes to GDP by country as of 2021:

(% GDP)
(% GDP)
(% GDP)
(% GDP)
🇺🇸 U.S.77.617.91.03.6$22.9
🇨🇳 China53.539.37.20.0$16.9
🇯🇵 Japan69.928.81.00.4$5.1
🇩🇪 Germany62.926.70.99.5$4.2
🇬🇧 UK71.617.30.710.4$3.1
🇫🇷 France70.316.71.611.4$2.9
🇮🇳 India47.926.117.38.7$2.9
🇮🇹 Italy65.022.71.910.4$2.1
🇨🇦 Canada*67.724.11.76.6$2.0
🇰🇷 South Korea57.$1.8
🇧🇷 Brazil57.820.27.514.6$1.6
🇦🇺 Australia65.725.52.36.5$1.6
🇷🇺 Russia54.131.83.910.3$1.6
🇪🇸 Spain67.420.42.69.6$1.4
🇲🇽 Mexico59.$1.3
🇮🇩 Indonesia42.839.813.34.1$1.2
🇮🇷 Iran47.338.012.42.3$1.1
🇳🇱 Netherlands69.417.91.511.2$1.0
🇨🇭 Switzerland71.924.60.62.8$0.8
🇹🇷 Turkiye52.831.15.510.6$0.8
🇹🇼 Taiwan60.638.01.50.0$0.8
🇸🇦 Saudi Arabia46.544.72.76.1$0.8
🇵🇱 Poland56.927.92.213.0$0.7
🇧🇪 Belgium68.819.60.710.9$0.6
🇸🇪 Sweden65.022.51.311.3$0.6
🇮🇱 Israel72.417.21.39.1$0.5
🇦🇷 Argentina52.523.67.116.8$0.5
🇦🇹 Austria62.425.81.210.5$0.5
🇳🇬 Nigeria43.831.423.41.4$0.5
🇹🇭 Thailand56.335.08.70.0$0.5
🇮🇪 Ireland55.437.81.05.8$0.5
🇭🇰 Hong Kong89.$0.4
🇩🇰 Denmark66.719.30.913.1$0.4
🇸🇬 Singapore70.324.40.05.3$0.4
🇿🇦 South Africa63.024.52.510.0$0.4
🇵🇭 Philippines61.028.910.10.0$0.4
🇪🇬 Egypt52.531.211.44.9$0.4
🇧🇩 Bangladesh51.333.311.63.7$0.4
🇳🇴 Norway51.836.31.710.2$0.4
🇻🇳 Vietnam41.237.512.68.8$0.4
🇲🇾 Malaysia51.637.89.61.1$0.4
🇦🇪 U.A.E.51.647.50.90.0$0.4
🇵🇰 Pakistan52.118.822.76.4$0.3
🇵🇹 Portugal64.719.62.213.5$0.3
🇫🇮 Finland60.324.12.313.4$0.3
🇨🇴 Colombia58.$0.3
🇷🇴 Romania59.$0.3
🇨🇿 Czechia58.830.31.89.1$0.3
🇨🇱 Chile54.431.33.610.6$0.3
🇳🇿 New

Industrial sector includes construction. Agriculture sector includes forestry and fishing. *Data as of 2019.

In the U.S., services make up nearly 78% of GDP. Apart from Hong Kong, it comprises the highest share of GDP across the world’s largest economies. Roughly 80% of American jobs in the private sector are in services, spanning from healthcare and entertainment to finance and logistics.

Like America, a growing share of China’s GDP is from services, contributing to almost 54% of total economic output, up from 44% in 2010. This can be attributed to rising incomes and higher productivity in the sector as the economy has grown and matured, among other factors.

In a departure from the top 10 biggest countries globally, agriculture continues to drive a large portion of India’s GDP. India is the world’s second largest producer of wheat and rice, with agriculture accounting for 44% of the country’s employment.

While the services sector has grown in India, it makes up a greater share in other emerging economies such as Brazil (58%), Mexico (59%), and the Philippines (61%).

Growth Dynamics

Services-led growth has risen faster than manufacturing across many developing nations, underpinned by productivity growth.

This structural shift is seen across economies. In many countries in Africa, for instance, jobs have increasingly moved from agriculture to services and trade, where it now accounts for 42% of jobs.

These growth patterns are supported by rising incomes in developing economies, while innovation in tech is lowering barriers to enabling service growth. As the industrial sector makes up a lower share of trade and economic activity, the service sector is projected to make up 77% of global GDP by 2035.

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