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World's Largest & Quickest Growing Car Companies By 2018
The automotive industry is volatile and gets directly affected by global financial fluctuations. The downfall of the traditional western auto industry in general and the emergence of new markets such as China and India are evidence of the same. So what does the future hold? Which car companies will emerge as leaders and which others will meet their demise by 2018?
KMPG, of the largest professional services aka auditing company in the world released its 14th Annual Automotive Executive Survey earlier this year. The survey provides an interesting insight into the present state of car companies across the globe and gives us an idea as to where they are headed.
In addition are stats from respondents giving their view about which companies will gain or lose their market share in the next 5 years.
Also Read: Interesting Car Facts From Around The World
10. Tata Motors
The Indian auto giant hardly appears on the global automotive map at present, but it has huge plans. Besides, you have to remember that they own Jaguar Land Rover, which by itself has reemerged as an incredibly successful company post the acquisition.
20% of survey respondents say Tata will lose market share by 2018
50% think Tata will gain market share 2018
9. Nissan
The Japanese company is a well established company at present that has a well planned growth strategy chalked out for growing markets (Datsun). On the other end of things, namely the luxury segment its Infiniti brand is expanding with a planned launch of hatchbacks and other compact cars.
50% respondents see an increase in market share.
14% say it will decrease.
8. Geely Automotive
This Chinese company is not a well known name outside China, but the company owns the Swedish Volvo. This gives it a distinct advantage over its larger Chinese rivals.
51% respondents believe its market share will increase
11% think it will decrease.
7. FAW Group
The oldest car manufacturer from (the Hong Qi in 1958) China is also one of the Big four automakers in that country. Besides cars the company also manufacturers commercial vehicles. The company also builds Audi and VW vehicles sold in China.
53% of respondents think the company will increase market share by 2018
9% of respondents say the company will lose market share.
6. SAIC Motor
Another one of the Big Four from China Shanghai Automotive Industry Corporation is a state owned car company companies. Foreign joint ventures include that with General Motors. Its MG brand of vehicles is also manufactured in the UK.
61% of respondents think the company will grow
10% of respondents say otherwise.
5. Hyundai
The South Korean company is the largest in its home country and the fifth largest globally. Hyundai's budget cars such as the i10 and i20 are a big success in markets such as India, while its larger cars do well in mature markets. Hyundai aspires to be a WRC contender. As such it has already setup its motorsports team in Germany.
61% of respondents see Hyundai getting bigger in 5 years
14% think it will lose its position.
5. Kia
South Korea's second largest carmaker is in a tie with Hyundai. The company is partly owned by Hyundai. Outside of its home country it has a strong market share across Europe and the U.S.
61% of respondents see Hyundai getting bigger in 5 years
14% think it will lose its position.
4. Toyota
World's largest automaker will still be a major contender five years later feel respondents.
68% of them say the Japanese giant will grow bigger.
7% think Toyota could lose market share in the next five years.
3. BAIC
Part of the state owned Beijing Automotive Group, BAIC manufacturers Hyundai and Mercedes-Benz cars sold in China. It also has a joint venture with Daimler to build commercial vehicles.
70% of respondents think BAIC will grow
5% say it will lose market share
2. BMW
BMW is the first of the two German giants featured in this list and 70% of KMPG respondents say BMW will go up, while 5% say its share will decrease.
1. Volkswagen Group
Europe's largest car maker will take over the world by 2018 says the KMPG survey. Its vast empire that's made up of Audi, Lamborghini and Skoda among others will certainly help it in the coming years.
81% say VW will grow immensely by 2018, while only 3% think otherwise.
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