In this article, we discuss the 15 largest European car manufacturers. If you want to skip our analysis of the European automotive industry, you can go directly toThe 5 largest European car companies.
The automotive industry in Europe is one of the largest industries in the world. Europe is home to some of the most famous and prestigious car brands such as BMW, Mercedes-Benz, Audi, Porsche, Jaguar and Bentley. The industry accounts for a large part of the continent's GDP and employs millions of people. The European automotive industry is very competitive and constantly evolving. New technologies and trends are constantly being introduced to stay one step ahead of the competition. The industry is consolidated, with a few large companies dominating the market. European auto companies compete with global auto giants like Ford Motor Company (NYSE:F), General Motors Company (NYSE:GM) und Tesla Inc (NASDAQ:TSLA).
The European automotive industry
Laut The European Automobile Manufacturers Association, oderTHEThe European automotive industry employs over 13 million Europeans, representing 7% of the jobs in the region. An estimated 11.5% of all jobs in the EU are in manufacturing and 3.4 million of these in the automotive industry. According to ACEA, motor vehicles bring around €374.6 billion in tax revenue to governments across Europe and the car industry generates a €79.5 billion trade surplus for the continent. In addition, the automotive industry accounts for over 8% of Europe's GDP and around €58.8 billion is earmarked for investment in R&D for the automotive sector, representing around 32% of total government spending.
The rise of battery electric vehicles
According to ACEA, the market share of battery electric vehicles in Europegrowthto 11.9% in the third quarter of 2022, versus 9.8% in the third quarter of 2021. As of the third quarter of 2022, hybrid electric vehicles hold a 22.6% market share of EU cars, versus 21.2% in the same quarter last year. Although the market share of BEVs is increasing, internal combustion engine vehicles continue to dominate the market, holding a 54.3% share of the European automotive market.
The automotive industry in Europe is highly competitive and diverse. The main players in the industry are Germany, France, Italy, Spain and the United Kingdom. These countries have a long history of producing quality automobiles and they continue to innovate and invest in new technologies. This article looks at some of Europe's largest automotive companies, including Bayerische Motoren Werke Aktiengesellschaft (OTC:BMWYY), Mercedes-Benz Group AG (OTC:MBGYY), and Volkswagen AG (OTC:VWAGY).
To identify the largest European automotive companies, we reviewed the European automotive industry and identified the key players. We have included both public and private companies in this list. For public companies we weighted market capitalization and for private companies we weighted other metrics such as number of employees, cash flows and vehicle sales, among others. For private companies we also extract the estimated annual incomeGrowjo, a leading information services company that has credible databases of businesses.
Largest European car companies
Annual turnover (2020): 106.9 million euros
Pagani Automobili is an Italian manufacturer of sports cars and supercars. The company was founded in 1992 by Horacio Pagani and is based in San Cesario sul Panaro, near Modena, Italy. Pagani's first car was the Zonda, released in 1999. The Zonda was followed by the Huayra, which was launched in 2011. Pagani is known for using carbon fiber in its vehicles and for its attention to detail. The company's cars are hand built and each one is unique. Pagani's cars are among the most expensive on the market, with the Huayra costing over $3 million. However, the company's products are also among the most sought-after, and the waiting lists for the cars often last for years. Pagani Automobili employs an estimated 250 people and its main investor is the Public Investment Fund of Saudi Arabia. Pagani Automobili is one of the largest car companies in Europe in terms of sales. The company generated sales of 106.9 million euros in 2020.
13. Koenigsegg Automotive AB
Annual sales (estimated): $196.6 million
Koenigsegg Automotive AB is a Swedish manufacturer of high-performance sports cars, founded in 1994. The company is based in Ängelholm, Sweden. It is known for manufacturing Koenigsegg CCX, Koenigsegg Agera, Koenigsegg Regera and Koenigsegg One:1. Koenigsegg Automotive AB has a qualified team of around 450 employees. Koenigsegg Automotive AB is privately held, but the company's premium cars, which start at over $1.5 million, make it one of the largest car companies in Europe. The firmsestimatedAnnual sales are $200 million.
Market cap on November 15: $229.8 million
Volvo Cars is a Swedish luxury vehicle manufacturer, founded in 1927 and headquartered in Gothenburg, Sweden. The company manufactures and markets sport utility vehicles (SUVs), station wagons, sedans, compact executive sedans and coupes. Volvo Cars has a number of competitive advantages over its competitors. First, it has a strong reputation for security, which is a key selling point for many customers. Second, its cars are known for being extremely reliable, which again is a key selling point. Third, Volvo Cars offers a wide range of vehicles to appeal to a wide range of customers. Finally, the customer service is excellent, which helps build a loyal customer base. In 2021, Volvo Cars generated sales of SEK 282 billion. Volvo Cars is one of the largest European automobile manufacturers.
12. Jaguar Land Rover
Annual sales (estimated): $479.6 million
Jaguar Land Rover is a British multinational automotive company headquartered in Whitley, Coventry, England. The company manufactures and sells luxury vehicles under its two main brands, Jaguar and Land Rover. Some of Jaguar Land Rover's key competitive advantages are its strong brand identity, unique design language, well-finished vehicles and rich heritage. Jaguar Land Rover also has a strong dealer network and after sales service. In addition, the company has a strong financial position and invests heavily in new products, technologies and facilities. Jaguar Land Rover employs over 40,000 people worldwide and is one of the largest European car manufacturers.
14. Automobili Lamborghini S.p.A.
Annual sales (estimated): $1.8 billion
In 1963 Ferruccio Lamborghini founded Automobili Lamborghini S.p.A. in Sant'Agata Bolognese, Italy. The company's first car, the Lamborghini 350GTV. Automobili Lamborghini S.p.A. produced a number of iconic cars including the Miura, the Countach and the Diablo. Today, Lamborghini is owned by Volkswagen AG (NASDAQ:Volkswagen AG) and produces a line of high-performance sports cars. Automobili Lamborghini S.p.A. is one of the largest automotive companies in Europe andallegedlygenerated sales of 1.95 billion euros in 2021, 19% more than in the previous year.
Annual sales (estimated): $4.8 billion
Peugeot is a French automobile manufacturer founded in 1810. The company produces a wide range of vehicles, from small city cars to large SUVs. Renowned for its commitment to innovation, Peugeot has been responsible for several industry firsts, including the world's first mass-produced diesel car. Today Peugeot is a major player in the global automotive market with sales in over 160 countries. Peugeot is one of the largest European car companies.
Some of Europe's most iconic and biggest carmakers include Bayerische Motoren Werke Aktiengesellschaft (OTC:BMWYY), Mercedes-Benz Group AG (OTC:MBGYY), and Volkswagen AG (OTC:VWAGY).
9. Aston Martin Lagonda Global Holdings plc (OTC:ARGGY)
Market cap on November 15: $1.21 billion
Aston Martin Lagonda Global Holdings plc (OTC:ARGGY) is a leading English car manufacturer engaged in the design, development, manufacture and sale of luxury sports cars. The company offers a range of luxury sports cars including DB11, DBS Superleggera, Vantage, Rapide AMR, Vanquish S, Vanquish Zagato and Vulcan. The company sells its cars through a network of dealerships in Europe, the UK, North America, the Middle East, Africa, Asia Pacific and South America. Aston Martin Lagonda Global Holdings plc (OTC:ARGGY) is headquartered in Warwickshire, UK. As of November 15, the company is valued at $1.21 billion on the open market and is one of the largest European automotive companies in the world.
Like Ford Motor Company (NYSE:F), General Motors Company (NYSE:GM) and Tesla Inc (NASDAQ:TSLA), Aston Martin Lagonda Global Holdings plc (OTC:ARGGY) has a rich history of providing the best in class Automobiles and has a strong position in the global automobile market.
8. Renault SA
Market cap on November 15: $9.84 billion
Renault SA (NASDAQ:RMN) is a French multinational automobile manufacturer founded in 1898. The company produces a range of passenger and light commercial vehicles and electric vehicles, primarily under Renault, Dacia, Renault Samsung Motors, Alpine, LADA and Jinbei & Huaasong. Renault SA (NASDAQ:RMN) is one of the largest automakers in Europe and has a significant presence in many global markets. As of Nov. 15, the company is worth about $9.8 billion on the open market.
Renault SA (NYSE:RENA) is a large, profitable, and well-funded company employing over 100,000 people in 38 countries. According to the company's balance sheet, Renault SA (NYSE:RENA) has free cash flows of $576,000.
7. Polestar Automotive Holding UK PLC (NASDAQ:PSNY)
Market cap on November 15: $12.31 billion
Polestar Automotive Holding UK PLC (NASDAQ:PSNY) is a Swedish automobile manufacturer engaged in the design, development and manufacture of high-performance electric vehicles. The company was founded in 2017 and employs over 1,300 qualified employees. As of November 15, Polestar Automotive Holding UK PLC (NASDAQ:PSNY) has a market capitalization of $12.31 billion and is among the largest automotive companies in Europe. On November 11, Polestar Automotive Holding UK PLC (NASDAQ:PSNY) reported earnings for the third quarter of 2022. The company reported net income of $299.39 million and posted revenue of $435.45 million, a increase of 104.5% compared to the previous year.
6. Porsche Automobil Holding SE (WKN: 850666)
Market cap on November 15: $18.56 billion
Porsche Automobil Holding SE (WKN:A140QA) is a leading German automobile manufacturer that manufactures and sells high-performance sports cars, SUVs and sedans worldwide. The company has a strong brand name, a history of producing quality sports cars and a reputation for excellent customer service. These advantages allow Porsche Automobil Holding SE (NYSE:PORSCHE) to charge premium prices for their cars and maintain high levels of customer satisfaction. The company is one of the largest automotive companies in Europe and is valued at 18.56 billion US dollars on November 15th.
In addition to Porsche Automobil Holding SE (OTC:POAHY), other prominent players in the global automotive market include Ford Motor Company (NYSE:F), General Motors Company (NYSE:GM) and Tesla Inc (NASDAQ:TSLA).
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Disclosure: None.The 15 largest European car companieswas originally published on Insider Monkey.