Top 10 Automotive Companies by Revenue in 2023

· 19/04/2024 14:14 · 6 min read

Since the economic crisis, the automotive industry has witnessed a stable 10-year growth, especially in the US and China. In 2019 only, 91.8 million vehicles were produced worldwide. However, this figure shows a 5% decline from the previous year and for that reason 2019 is the time when the ascending trendline is breached. At the beginning of 2020, hopes were high that the industry will resume its uptrend, yet the current events might strongly impede meeting these assumptions.

Initial impacts have been observed at the end of 2019 and January of 2020 as the largest part of the Chinese industry has followed the shutdown policy. A keen auto parts shortage occurred thereafter, putting a dent in the business. Regardless, as one of the world’s largest industries, it is expected that we stay resilient and live to see another day.

If you are looking to read more about prominent worldwide automotive players, look no further than the top 10 automotive companies by revenue in 2019 compiled below by Global Database. It should provide enough insight as a starting point to picture an overall image of global standings and perhaps help to build your own assumptions about upcoming trends.

Volkswagen Group - $278.34B
Toyota Motor Corporation - $272.61B
Daimler AG - $197.52B
Ford Motor Company - $160.34B
General Motors Company - $147.05B
Honda Motor Company, Ltd. - $143.3B
SAIC Motor Corporation Limited - $136.4B
Bayerische Motoren Werke AG - $115.04B
Nissan Motor Co., Ltd. - $104.39B
Robert Bosch GmbH - $92.6B

*All figures are in USD. B: Billions of USD

1.Volkswagen Group - $278.34B

Volkswagen Group takes away the first spot on our top 10 automotive companies by revenue in 2019 due to snagging an outstanding $278.34B revenue mark. In addition, it boasts having the largest market share in Europe in the same year. This automotive company headquartered in Wolfsburg pushes out auto vehicles, motorcycles, engines, and turbomachinery from its conveyor belts. There are quite a few marques under the Volkswagen Group wing but the leading one, no surprise here, is “Volkswagen” - the people’s car.

2.Toyota Motor Corporation - $272.61B

Toyota Motor Corporation, coming all the way from Aichi, Japan, is the second strongest contender in our list of the largest automotive businesses by sales in 2019. It is a leading force to be reckoned with in terms of hybrid electric vehicles and hydrogen fuel-cell technology besides traditional combustion engines. Their influence is disseminated across five brands including Toyota, renowned for its remarkable customizable 2JZ engine embargoed for going too fast. The company started from being a separate department under Kiichiros Toyoda’s father’s Toyota Industries. In 2019, reported revenues were $272.61B.

3.Daimler AG - $197.52B

Daimler AG (further Daimler) might not be as familiar a name to everyone but one of its subsidiaries, Mercedes, sure does ring the bells. The Daimler office stands tall in Stuttgart, Baden-Württemberg, with the company’s origins dating back to a merger in 1926. It also went through two name changes as it got together and fell out with the Chrysler Corporation. While it’s only thirteenth car manufacturer by unit sales, Daimler seizes the $197.52B revenue feat, hence the third place on our list of top 10 companies of the automotive industry in 2019.

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4.Ford Motor Company - $160.34B

Ford Motor Company (further Ford) is an American automotive-focused business headquartered in Michigan. It was founded in 1903 by none-other Henry Ford, the father of the assembly lines. As a multinational automaker today, it sells automobiles under the Ford brand and luxury cars under the Lincoln brand, and hires about 190 thousand employees. In 2019 it ranked 5th in unit sales and yielded close to $160.34B in revenue.

5.General Motors Company - $147.05B

General Motors Company (further GM) is yet another American corporation involved in creating and distributing vehicles and vehicle parts accompanied by a series of financial services. It holds the title of largest American automobile manufacturer coming in third by unit sales on the global rankings. In addition to its twelve brands, it has a staggering amount of joint-ventures across multiple countries. Employing the efforts of 164,000 workers has been one of the deciding factors in generating $147.05B revenue in 2019, hence the 5th place in our top automotive industry businesses.

6.Honda Motor Company, Ltd. - $143.3B

Honda Motor Company, Ltd. (further Honda) is a Japanese conglomerate delving into quite the advanced portfolio of products next to its main focus of automobiles and motorcycles. The company’s history stems from its founder’s arduous infatuation with cars, starting off with creating piston rings for Toyota. As is usual, hard work pays off, topping with Honda ranking 8th largest car manufacturer by unit produced boasting $143.3B in revenue at the end of 2019, hence the 6th spot on our top automotive companies in 2019./>

7.SAIC Motor Corporation Limited - $136.4B

SAIC Motor Corporation Limited (further SAIC) is a Chinese automotive company and is part of the “Big Four” local automakers. While SAIC’s history verses date to the beginnings of World War 2, it has managed to become a prominent force only recently. The business is also involved in joint ventures with two other contenders on our top 10 automotive companies by revenue, namely Volkswagen and General Motors. As of 2019, SAIC employed almost 148 thousand people and reported $136.4B in generated revenue.

8.Bayerische Motoren Werke AG - $115.04B

Bayerische Motoren Werke AG (further BMW) is yet another German automotive powerhouse on our top automotive companies by revenue in 2019, overseeing its business from Munich. BMW markets its automobile efforts under the BMW, Mini and Rolls-Royce brands. It was founded in 1916, having not cars on its production line but aircraft engines. Only come the end of World War One it switched to motorcycle engines, farm equipment, and household items. As 2019 wrapped up, BMW declared $115.04B in revenue.

9.Nissan Motor Co., Ltd. - $104.39B

Nissan Motor Co., Ltd. (further Nissan) is a contender sailing from Japan, headquartered in Yokohama. Although starting under a different name, Nissan’s history can be traced back to 1911 as Japan's first in manufacturing automobiles. Today’s efforts are driven by the three brands: Nissan, Infinity, and Datsun, and it’s also involved in the Renault-Nissan-Mitsubishi Alliance. Come the end of 2019, with the help of over 148 thousand employees, Nissan snatched the sixth place by units produced on the largest car manufacturer worldwide list and reported $104.39B in revenue.

10.Robert Bosch GmbH - $92.6B

Robert Bosch GmbH (further Bosch) reinforces the rows of German automotive companies as the last spot on our list. In contrast to the other contenders, Bosch does not manufacture auto vehicles but instead segments its activity across four business sectors: mobility (accounting for about 60% of the company’s sales), consumer goods, industrial technology, energy and building technology. Setting off as a workshop back in 1886, Bosch has become a reckoning force in their line of work. The company has closed 2019 on a successful revenue mark of $92.6B, thusly making it in our top 10 automotive industry companies by revenue in 2019.

Have a look at the top 10 automotive companies in 2019 that have come out on top despite the stall in figures. Learn about their definitive accomplishments and possible standing in the v shaped recovery come following years.

Nicolae Buldumac

CEO and Founder