The automotive sector has played a significant role in the global economy since the early 20th century, and it currently contributes 3-4% of the world’s GDP. The industry has evolved from producing traditional gas-powered vehicles to innovative electric cars, resulting in a market valuation of over $2 trillion by 2022.
The Largest Car Manufacturers like Toyota, Volkswagen, Ford, and General Motors have a significant market share with high sales and revenue, but one company – Tesla accounts for nearly 30% of the industry’s valuation.
The COVID-19 pandemic hit the overall car market and global car sales dropped by 16% in 2020, but the market has shown signs of recovery in 2021, with an expected growth of 9% compared to the previous year.
Biggest Car Companies By Market Cap (2023)
Below you can check the complete list of the top 25 largest car companies in the world. The list is arranged by market capitalization, stock price, and country, so you can easily compare and filtering of the industry’s leading players.
Last Updated – March 2023
|Rank||Name||Market Cap||Stock Price||Country|
|3||Porsche||$111.30 B||€ 112||Germany|
|5||Mercedes-Benz||$84.25 B||€ 70||Germany|
|6||Volkswagen||$81.20 B||€ 119||Germany|
|7||BMW||$70.98 B||€ 98||Germany|
|9||General Motors||$54.00 B||$33.7||USA|
|13||Great Wall Motors||$35.57 B||$27||China|
|14||Maruti Suzuki India||$31.89 B||₹ 8,242.90||India|
|15||Hyundai||$31.44 B||$35.9||S. Korea|
|16||SAIC Motor||$26.52 B||$14||China|
|17||Kia||$25.21 B||₩ 77,600||S. Korea|
|18||Li Auto||$23.91 B||$23.4||China|
|19||Mahindra & Mahindra||$20.52 B||$0.0000||India|
|20||Lucid Motors||$19.98 B||$8.2||USA|
|21||Tata Motors||$19.68 B||₹ 416.50||India|
|22||Suzuki Motor||$18.15 B||$4,680||Japan|
|23||Chongqing Changan||$17.46 B||$12||China|
|25||GAC (Guangzhou Automobile Group)||$15.00 B||$11||China|
Also, Check –
Top Companies of Electric Cars ⚡
Electric Car is the future due to their eco-friendliness and cost savings on fuel. In response, most car manufacturers have shifted their focus towards electric vehicles and invested in them. The global electric car market is projected to exceed $800 billion by 2030. To achieve this target, a list of the largest electric car companies has been compiled.
|Lucid Motors||Peter Rawlinson||2007|