Top 10 Automotive OEMs in Europe in 2021 by Revenue

Volkswagen AG, Stellantis NV, Mercedes-Benz Group AG, Bayerische Motoren Werke AG, and Renault SA are the top 5 automotive OEMs in Europe in 2021 by revenue. Collectively, the top 10 automotive OEMs generated revenue of $966,111 million, with average revenue growth of 24.1%, where the highest revenue was generated by Volkswagen AG ($295,850 million), while the lowest revenue was generated by MAN SE ($12,355 million). The highest revenue growth was registered by Stellantis NV (79%), followed by AB Volvo (18%), and the lowest revenue growth was registered by Renault SA (10.3%). None of the top 10 companies had a revenue decline in 2021. In terms of geographic split, 6 out of 10 of Europe’s largest automotive OEMs are headquartered in Germany, while 2 are based in Sweden and the remaining 2 are based in the Netherlands and France. They employed a total of 1,712,768 people in 2021. The Germany-based Volkswagen AG is the leading automotive OEM in Europe (by revenue). The company reported revenues of $295,850 million for the fiscal year ended June 2021 (FY2021), an increase of 12.3% over FY2020, due to improvements in the mix and in price positioning and an increase in sales revenue of passenger cars business and commercial vehicles business. The company is a subsidiary of Porsche Automobil Holding SE, an automobile manufacturer. The company develops vehicles and engines and produces and sells passenger cars, trucks, buses and motorcycles, light commercial vehicles, genuine parts, turbomachinery, large-bore diesel engines, propulsion components, special gear units, and testing systems. As of December 31, 2021, the company had approximately 947 subsidiaries and 120 production plants in Europe, the Americas, Asia, and Africa. The company employs 668,294 people. The Netherlands based Stellantis NV is one of the leading companies in automotive OEM in Europe (by revenue). The company reported revenues of $176,681 million for the fiscal year ended December 2021 (FY2021), an increase of 72.3% over FY2020, increase in revenues was due to the contribution of FCA operations after the merger. The revenue increased due to favorable vehicle mix (increase in sales of BEV and PHEV units), increase in pricing of vehicles, parts and services. It designs, engineers, manufactures, distributes and sells vehicles, components and production systems. The company provides retail and dealer financing, leasing and rental services through its subsidiaries, joint ventures and commercial arrangements with third party financial institutions. It employs 281,595 people.