Biggest Economic Sectors in the world
The automotive industry is one of the biggest economic sectors in the world. Despite problems with overcapacity and low profitability, the automotive industry retains strong influence and importance. The automotive industry is a major industrial and economic force worldwide. How much do the biggest car brands really make?
The answer may surprise you! This blog highlights how much 19 major car brands make every second based on their 2019 revenue.
Biggest Economic force creating automakers:
Generally, there are appropriately 19 brands which decides the major revenue impact in the world economy, they make use of each and every single second turns into valuable. Let’s, see here who they are and what kind of force they create here through their revenue
1) VOLKSWAGON
Volkswagen was established in 1937 by the German Labour Front in Berlin, their remarkable brands are Audi, Bentley, Bugstii, lumborgini, Porsche. Volkswagen Group, which earned more than $290 billion in revenue in 2019 — that’s an average of $9,202.88 every second!
it’s easy to see how their revenue adds up but their marketing strategy is quite different they generally, targeting out the categories in 4 dimensions
(i.e.)
- Excited Customers
- Excellent employers
- Role for the environment, safety and integrity
- Competitive Profitability.
2) TOYOTA
Toyota Motor Corporation is a Japanese multinational automotive manufacturer headquartered in Toyota. The car brand with the second-highest revenue value is TOYOTA, Toyota is the largest automobile manufacturer in Japan, and the second-largest in the world behind Volkswagen, based on 2019-unit sales revenue per second is the Toyota Motor Corporation, which earns $8,634.58 per second. This group also includes the luxury car brand Lexus
Toyota’s Marketing Strategy drives
- Huge Dealership Network.
- Using Traditional Medium as a platform
- Four-Channel Tools
3)FORD
Ford Motor Company, commonly known as Ford, is an American multinational automaker that has its main headquarters in Dearborn, Michigan, a suburb of Detroit.
and the Third-largest in the world behind Toyota, based on 2019-unit sales. Revenue per second is the FORD, which earns $4,946.73 per second. This group also includes the luxury car brand Lincoln
FORD Marketing Strategy drives
- Aggressive Restructure.
- Accelerate development.
- Finance Plan.
- work together.
4) HONDA
Honda Motor Company, Ltd is a Japanese public multinational conglomerate corporation primarily known as a manufacturer of automobiles, motorcycles, and power equipment.
and the Fourth largest in the world behind FORD, based on 2019-unit sales. Revenue per second is the HONDA, which earns $4,537.67 per second. This group also includes the luxury car brand Acura
HONDA Marketing Strategy drives:
- Segmentation
- Diffrentation
- Cost Leadership
5) GENERAL MOTORS
General Motors Company, commonly referred to as General Motors (GM), is an American multinational corporation headquartered in Detroi and the Fifth largest in the world behind HONDA, based on 2019-unit sales. Revenue per second is GM, which earns $4,351.76 per second. This group also includes the luxury car brand Chevrolet, Buick, Cadillac
GENERAL MOTORS Marketing Strategy drives:
- Modify the company’s U.S product portfolio. toward more fuel-efficient cars and crossovers.
- Reduction in brands. nameplates and retail outlets, to focus available resources and growth strategies on the company’s profitable operations.
6) FIAT CHRYSLER
Fiat Chrysler Automobiles N.V., often abbreviated as FCA, is an Italian-American multinational corporation and is the world’s Sixth largest automaker, in the world behind GENERAL MOTORS, based on 2019-unit sales. Revenue per second is the FIAT, which earns $3,856.10 per second. This group also includes the luxury car brand Dodge, AlfaRomieo, Jeep.
FIAT CHRYSLER Marketing Strategy drives:
- Marketing Fix.
- Customer Analysis.
- Segmentation.
- Targeting and Positioning.
7) BMW
Bayerische Motoren Werke AG, commonly referred to as BMW is a German multinational company which produces luxury vehicles and motorcycles. The company was founded in 1916 and the Seventh largest in the world behind FIAT, based on 2019-unit sales. Revenue per second is the BMW which earns $3,708.89 per second. This group also includes the luxury car brand Mini, Rolls Royce.
BMW Marketing Strategy drives:
- Position
- Direction
- Strategic Approach
- Cooperation
8) MERCEDES- BENZ
Mercedes-Benz is known for producing luxury vehicles and commercial vehicles. The headquarters is in Stuttgart, Baden-Württemberg, and the Eighth largest in the world behind BMW, based on 2019-unit sales. Revenue per second is the BENZ which earns $3,316.84 per second. This group also includes the luxury car brand Diamler
MERCEDES BENZ Marketing Strategy drives:
- Market Growth
- Efficicency
- Customers And Brand
9) NISSAN
The Nissan Motor Company, Ltd, is a Japanese and the Ninth largest in the world behind Benz, based on 2019-unit sales. Revenue per second is the NISSAN which earns $2,918.18 per second. This group also includes the luxury car brand Infiniti.
NISSAN Marketing Strategy drives:
- Changes Surrounding Automobiles
- Nissans Global Growth Analysing Periodically
- Talent Management
- Risk Management
- Customer Satisfaction
10) HYUNDAI
Hyundai is a South Korean industrial conglomerate Which have many groups in the name associate with Hyundai, and the Tenth largest in the world behind Nissan, based on 2019-unit sales. Revenue per second is the HYUNDAI which earns $2,879.25 per second.
HYUNDAI Marketing Strategy drives:
- Brand’s intangible characteristics -durability and quality.
- Converting Intangible into Tangible
11) PSA GROUP
PSA GROUP is a French automotive manufacturer, the business that preceded the current company was founded in 1810 in France, and the Eleventh largest in the world behind Hyundai, based on 2019-unit sales. Revenue per second is the PSA which earns $2,664.17 per second. This group also includes the luxury car brand Peugeot, citroein
PSA GROUP Marketing Strategy drives:
- The digital transformation of the Group
- The internal performance cultures
- Corporate social responsibility
12) RENAULT
Groupe Renault is a French multinational automobile manufacturer established in 1899, and the Twelfth largest in the world behind PSA, based on 2019-unit sales. Revenue per second is the RENAULT which earns $1,979.84 per second.
RENAULT Marketing Strategy drives:
It is a 3F Strategy they are,
- Fast
- Frugal
- Fantastic
13)KIA
Kia Motors Corporation, commonly known as Kia ‘”Kia automobile”‘; stylized as KIɅ) is a South Korean multinational automotive manufacturer headquartered in Seoul, and the Thirteenth largest in the world behind Renault, based on 2019-unit sales. Revenue per second is the PSA which earns $1,585 .49per second. This group also includes the luxury car brand Peugeot, citroein
KIA Marketing Strategy drives:
- Customer Strategy.
- Diffirentiate Attributes
- Customer Expectation
14) GEELY
Zhejiang Geely Holding Group Co., Ltd, commonly known as Geely, is a Chinese privately held multinational automotive company headquartered in Hangzhou, Zhejiang province, and the Fourteenth largest in the world behind KIA, based on 2019-unit sales. Revenue per second is the PSA which earns $1,457. 70 per second. This group also includes the luxury car brand Volvo.
GEELY Marketing Strategy drives:
The process of strategy-making consists of 3steps:
- assess need for strategic change,
- conduct situational analysis and
- choose strategic alternatives
15) TATA MOTORS
Tata Motors Limited, formerly Tata Engineering and Locomotive Company (TELCO), is an Indian multinational automotive manufacturing company headquartered in Mumbai, Maharashtra, India. It is a part of Tata Group, an Indian conglomerate. Its products include passenger cars, trucks, vans, coaches, buses, sports cars, construction equipment and military vehicles, and the Fifteenth largest in the world behind GEELY, based on 2019-unit sales. Revenue per second is the TATA which earns $1,585.49per second. This group also includes the luxury car brand Land Rover and Jaguar.
TATA MOTORS Marketing Strategy drives:
- Accelerate Development
- Results Orientend Assesments.
- Employee Engagement
16) SUZUKI
Suzuki Motor Corporation is a Japanese multinational corporation headquartered in Minami-ku, Hamamatsu, and the Sixteenth largest in the world behind TATA, based on 2019-unit sales. Revenue per second is the SUZUKI which earns $1,104. 86 per second.
SUZUKI Marketing Strategy drives:
- Building and Managing Profitable Customer Relationships.
- Building and Managing Strong Brands.
- Harness New Marketing Technologies in this Digital Age.
- Marketing in a socially Responsible way around the globe.
17) MAZDA
Mazda Motor is a Japanese multinational automaker based in Fuchū, Aki District, Hiroshima Prefecture, Japan, and the Seventeenth largest in the world behind SUZUKI, based on 2019-unit sales. Revenue per second is the MAZDA which earns $1,017. 88 per second.
MAZDA Marketing Strategy drives:
- Customer Analysis.
- Segmentation.
- Positioning
- Profitability.
18)SUBARU
Subaru is the automobile manufacturing division of Japanese transportation, and the Eighteenth largest in the world behind MAZDA, based on 2019-unit sales. Revenue per second is the SUBARU which earns $904. 05 per second.
SUBARU Marketing Strategy drives:
- Customer Analysis.
- Lead Management.
- Promotion.
- Advertising.
19)TESLA
Tesla, Inc., an American electric vehicle and clean energy company, formerly Tesla Motors, Inc, and the Nineteenth largest in the world behind SUBARU, based on 2019-unit sales. Revenue per second is the TESLA which earns $780. 06 per second.
TESLA Marketing Strategy drives:
- Innovative
- Precise Customer
- String Distribution channel
The Above are the Economic deciding Car Brands based on their Revenues and also Strategy wise, it is our effort to analyze all the brands once we invest like these luxurious things and it is also a wise thing to get a clear knowledge about each and every brand uniquely and spectacularly.
