LONDON--(BUSINESS WIRE)--Infiniti Research, a world-renowned market intelligence solutions provider, has announced the completion of their latest list blog on the top five successful companies in the automotive industry.
The automotive industry is one of the most powerful business verticals, globally. This industry witnesses the maximum innovation and the development of path-breaking technologies. People may be forced to think that the automotive market is reaching its saturation point with most of the population owning cars in the developed parts of the world. A majority of the population see cars as a status symbol and believe in upgrading to a better model or performance all the time. In this blog post, we’ll take you through the top five successful companies in the automotive industry.
According to the automotive industry experts at Infiniti, “The major reason driving the growth of the automotive industry can be attributed to the growing income in the developing nations.”
View the complete list of the top five successful companies in the automotive industry from Infiniti
Infiniti Research is a global market intelligence company offering strategic insights to help look beyond market disruptions, study competitive activity, and develop intelligent business strategies. Listed below are the top five successful companies in the automotive industry.
Top successful companies in the automotive industry:
- Toyota: Toyota is the world’s largest automaker, even though their market cap fell by 13.9% in the past three years. Their top-selling model is Toyota Prius, which has sold more than 10 million units sold until now. The automotive manufacturer has a market cap of $157 billion, which is almost three times the size of the car company that is fifth on our list. This automotive company is also the world’s largest hybrid electric vehicle seller with the popular Camry and Prius model available in hybrid electric form.
- Daimler AG: Daimler AG owns the luxury Mercedes-Benz brand and has been successful recently. It is the largest German automaker and has sold about 3 million vehicles last year. Along with luxury sedans, this automotive company offers smart cars, buses, trucks, coaches, camper vans, and other mobility services.
- Volkswagen: The Volkswagen Group includes a range of top car brands around the world, which includes Bentley, Audi, Lamborgini, and Porshe. Their year-on-year sales increment is 4%, and the company is experiencing phenomenal growth. It is also expected to be the top auto manufacturer, surpassing Toyota very soon. The company sold 6 million units of VW brand’s Jetta, Bora, and Vento in the year 2016.
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About Infiniti Research
Established in 2003, Infiniti Research is a leading market intelligence company providing smart solutions to address your business challenges. Infiniti Research studies markets in more than 100 countries to help analyze competitive activity, see beyond market disruptions, and develop intelligent business strategies.
With 15+ years of experience and offices across three continents, Infiniti Research has been instrumental in providing a complete range of competitive intelligence, strategy, and research services for over 550 companies across the globe.