London – Tire and rubber companies feature prominently in a ranking by sales of the top world’s largest automotive parts suppliers, compiled by business magazine Forbes.
Topping the table is Continental with sales of $52.4 billion in 2019, of which $19.5 billion was generated by the German group’s Rubber Division – comprising its Tires and ContiTech rubber product businesses.
Bridgestone and Michelin – both focused solely on the supply of tires and rubber parts – weigh in at number 3 and 4 with sales of $33.1 billion and $26 billion respectively.
Further down the list of high-profile automation supplier are Goodyear in 14th slot with sales of $15.5bn and Pirelli in 19th with sales of $6.1 billion.
Company | Country | Sales | Profits | Assets | Market Value |
1. Continental | Germany | $52.4bn | $3.4bn | $47.4bn | $35bn |
2. Denso | Japan | $48.8bn | $2.4bn | $51.5bn | $34.9bn |
3. Bridgestone | Japan | $33.1bn | $2.6bn | $35.2bn | $29.8bn |
4. Michelin Group | France | $26bn | $2bn | $33.7bn | $23.8bn |
5. Hyundai Mobis | South Korea | $31.9bn | $1.7bn | $38.6bn | $19.4bn |
6. Magna International | Canada | $40.8bn | $2.3bn | $25.9bn | $18.3bn |
7. Toyota Industries | Japan | $19.6bn | $1.3bn | $46.4bn | $17.2bn |
8. Aisin Seiki | Japan | $36.6bn | $1.1bn | $32.5bn | $11bn |
9. Sumitomo Electric | Japan | $28.7bn | $1.2bn | $28.4bn | $10.7bn |
10. Aptiv | Ireland | $14.4bn | $1.1bn | $12.5bn | $23.3bn |
11. Valeo | France | $22.6m | $644m | $21.1bn | $8.6bn |
12. Lear | US | $21.2bn | $1.1bn | $11.6bn | $9.9bn |
13. Schaeffler | Germany | $16.8bn | $1bn | $14.6bn | $6.3bn |
14. Goodyear | US | $15.5bn | $693m | $16.9bn | $4.8bn |
15. BorgWarner | US | $10.5bn | $931m | $10.1bn | $9.1bn |
16. LKQ | US | $11.9bn | $485m | $11.4bn | $9.7bn |
17. Koito Manufacturing | Japan | $7.4bn | $787m | $6.5bn | $9.8bn |
18. Hella | Germany | $8.5bn | $750m | $7.1bn | $6.2bn |
19. Pirelly | Italy | $6.1bn | $509m | $14.9bn | $7.2bn |
20. Burelle | France | $8.6bn | $532m | $7.5bn | $1.9bn |