Top Jeep Competitors & Similar Companies
Jeep, founded in 1941, one of the oldest and well established automobile brand is known all over the world for its robust and adventurous SUVs. The brand was acquired by Fiat Chrysler Automobiles (FCA) in 1987. Jeep, the most profitable and valuable brand for FCA, completed its 75 years in 2016.
In any business, there are several companies & brands which compete with each other by offering similar products & services.
For any company to thrive, it is not only important for them to improve their own products, but to also look at what their competitor is offering.
Below we look at the top 6 competitors of Jeep.
1. Toyota:
In the year 1937, Kiichiro Toyoda founded Toyota in Toyota, Aichi, Japan as a Japanese automotive firm manufacturer. Toyota Motor Corporation products include Automobiles, Luxury Vehicles, Commercial Vehicles and Engines under five brands including the Toyota Brand, Hino, Lexus, Ranz and Daihatsu. Owing to their innovative hybrid and environmental technology, they are the leaders in the automotive industry.
2. Ford:
Ford Motor Company is a US based global leader in the automobile manufacturing industry operating both in commercial vehicles and private cars market. The company was established in 1903 by Henry Ford. After more than 100 years, the firm is one of the largest automobile player in the world.
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3. Mitsubishi:
Mitsubishi electric is an Japanese conglomerate which has its business expansions spread over almost every sector of the industry. Though world has been knowing Mitsubishi as a car manufacturer, it also has its presence in plethora of sectors including chemicals, industrial finance, metals, energy, machinery and daily living essentials. The conglomerate founded Yataro Iwasaki in the 20th century, has now gown in to a multinational that operates across 200+ different locations worldwide.
4. Honda:
Honda is one of the largest manufacturers of automobiles and motorcycles in the world. It is a Japanese multinational company which operates in North America, Asia and Europe. Honda is also known for the manufacture of aircrafts and power equipment.
5. Hyundai:
Hyundai motor company is a Korean car manufacturer company. It employs about 75000 people worldwide. It has an annual capacity of 1.6 million units.
6. Kia Motors:
Kia Motors is an Asian automobile manufacturer company based in Seoul, South Korea. It originated in 1944 as Kyungsung Precision Industry, a bicycle manufacturing company. It was renamed to Kia Industries in 1952.
To conclude, the above article highlights the various competitors which compete with Jeep. This understanding helps to evaluate the various external business factors for any company.
This article has been researched & authored by the Content & Research Team. It has been reviewed & published by the MBA Skool Team. The content on MBA Skool has been created for educational & academic purpose only.
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