Tesla Leapfrogs The Competition In Interbrand's 2021 Best Global Brands Report
Sephora Enters the Table, While Tech Companies Continue to Dominate the Top Spots.
- Tesla (#14) makes the biggest leap up the table and is the fastest-growing brand of the past year with an unprecedented 184% increase in brand value after re-entering the rankings in 2020.
- Sephora (#100) is the only new entrant for 2021, making LVMH Group the biggest group entity, with five brands in the table.
- Tech dominates the top 10, with no changes to the top three of Apple (#1), Amazon (#2) and Microsoft (#3). The top three brands account for a third (33%) of the total table value this year.
- Top 100 brands now valued at US$2.67 billion – up 15% from 2020 – the highest ever growth rate in the 22-year history of Interbrand's Best Global Brands.
Interbrand has today announced the brands that have fared best in its 2021 Best Global Brands ranking.
Following its re-entry to the table last year, Tesla (#14) was the fastest-growing brand of 2021, with an unprecedented 184% increase in brand value. Tesla also saw the largest rise in rankings, moving 26 places up the table, closely followed by Salesforce.com (moving up 20 places to #38) and PayPal (moving up 18 places to #42).
Sephora (#100) is the only new entrant to the rankings this year, but its addition makes LVMH Group the biggest group entity in the table. LVMH group is the first to have five brands in the Best Global Brands table – Sephora, Louis Vuitton (#13), Dior (#77), Tiffany & Co. (#92) and Hennessy (#95).
Despite its seismic growth, Tesla has yet to enter the top ten. Apple #1 (US$408,251m) once again takes the top spot in the table, followed by Amazon #2 (US$249,249m). Having overtaken Google in 2020, Microsoft #3 (US$210,191m) has preserved its place in the top three. The top three brands account for a third (33%) of the total table value this year.
The remainder of the Top 10 comprises: Google #4 (US$196,811m), Samsung #5 (US$74,635m), Coca-Cola #6 (US$57,488m), Toyota #7 (US$54,107m), Mercedes-Benz #8 (US$50,866m), McDonald's #9 (US$45,865m) and Disney #10 (US$44,183m).
The overall value of the table has increased to US$2,667,524m (up 15% from US$2,326,491m 2020), which is the biggest growth rate in the past 22 years of Interbrand's Best Global Brands.
The average brand value increase in 2021 is 10%, significantly larger than the 1.3% in 2020, owed largely to the economic disruption caused by COVID-19. Technology is the fastest-growing sector, with an average brand value change of 23% year on year. It is also the most valuable sector by average brand value, followed by beverages and sporting goods.
During the analysis of BGB 2021, the fastest risers significantly outperformed other brands on three factors, revealing the fundamental priorities:
- Direction: These brands set a clear direction, ensuring that the entire organization knows where they are going, and are working towards the same ambition.
- Agility: These brands move fast, bringing new products and services to market and, where necessary, pivoting to address changing customer needs.
- Participation: These brands ultimately bring people on a journey with them and make them part of the movement to create an engaging brand world.
"Direction, Agility and Participation are three key themes we've seen driving brand growth over the past year. Perhaps unsurprisingly, given the constantly evolving business landscape, employee buy-in, adapting to change and a strong customer base have helped certain brands to thrive," commented Charles Trevail, Global CEO, Interbrand. "It's worth calling out Tesla's growth over the past year - a three-figure increase in brand value is unprecedented in the past 22 years of Best Global Brands. Tesla is a brand that epitomises the importance of brand Direction, Agility and Participation, so I'm unsurprised Tesla made the biggest leap up the Best Global Brands ranking in 2021."
"For brands to be successful in our post-pandemic world, our ranking highlights the keys to unlock results. The brands growing faster than the long-term average growth rate are delivering when it comes to Direction, Agility and Participation – by setting a clear strategic direction, pivoting rapidly, and bringing consumers on a journey," commented Gonzalo Brujo, Global President, Interbrand. "As we continue in the Decade of Possibility, many of the Best Global Brands are actively expanding their possibilities by driving decisive innovation, developing more efficient business models, and taking uncompromising stances."
For the complete Top 100 ranking and report with comprehensive analysis of growth, sector, and industry trends and the full methodology, visit here.