Top 10 Automotive Suppliers in the World by Market Capitalization

BASF SE, Denso Corp, Mitsubishi Electric Corp, Hyundai Mobis Co Ltd, and Magna International Inc are the top 5 automotive suppliers in the world in 2023 by market capitalization (as of Mar 31, 2023). Collectively, the top 10 automotive suppliers had a market capitalization of $204,876 million (as of Mar 31, 2023), where BASF SE ($46,854 million) has the highest market cap, followed by Denso Corp ($44,212 million) and Mitsubishi Electric Corp ($25,551 million), while the company Sumitomo Electric Industries Ltd stood the lowest with $10,157 million market cap. Germany-based company BASF SE is the leading automotive supplier in the world (by market capitalization). The company reported revenues of $91,826 million for the fiscal year ended December 2022 (FY2022), a decrease of 1.19% over FY2021. It is a chemical company that carries out the production, marketing, and sales of chemicals, plastics, crop protection products, and performance products. Its product line comprises solvents, adhesives, surfactants, fuel additives, electronic chemicals, pigments, paints, food additives, fungicides, and herbicides. It has a presence in Europe, Asia Pacific, South America, Africa, the Middle East, and North America, and employs 111,481 people. Japan-based company Denso Corp (Denso) is one of the leading automotive suppliers in the world (by market capitalization). The company recorded revenues of $49,102 million for the fiscal year ended March 2022 (FY2022), an increase of 5.44% over FY2021. The company manufactures and supplies advanced automotive technology, systems, and components. It offers a wide range of original equipment manufacturing (OEM) automobile components. It operates its manufacturing facilities in Asia-Pacific, the Americas, and Europe and employs 167,950 people.