Interbrand has announced its Best Global Brands 2022 ranking at Web Summit 2022. Apple holds onto the number one position for its 10th consecutive year, while Microsoft has moved up into second place, overtaking Amazon.
Microsoft, Tesla and Chanel have seen the greatest YoY percentage growth, all increasing brand value by 32%.
Despite Tesla’s continued growth, it could not replicate the 184% increase in brand value it saw in 2021.
Airbnb, Red Bull and Chinese tech brand, Xiaomi, are new entrants for 2022, with Uber, Zoom and agricultural machinery manufacturer, John Deere, all falling out of the top 100.
Technology brands continue to dominate the ranking, making up the top five brands in the table.
With an 18% increase in brand value, Apple (US$482,215m) has remained at the top of the table. It is followed by Microsoft (US$278,288m), which has leapfrogged Amazon (US$274,819m) to be number two in the rankings. Google (US$251,751m) has held onto its number four spot.
The remainder of the top 10 companies are: Samsung #5 (US$87,689m), Toyota #6 (US$59,757m), Coca-Cola #7 (US$57,535m), Mercedes-Benz #8 (US$56,103m), Disney #9 (US$50,325m) and Nike #10 (US$50,289m) for the first time.
The top 10 brands makeup 53% of the total value of the entire table.
The overall value of the table has continued to increase to US$3,088,930m—a 16% rise from 2021 (US$2,667,524m). The total brand value of the table is growing at a significant rate, this year seeing the largest rate of growth to date.
The average brand value has reached over US$30,000m for the first time ever.
A 16% increase in the table’s overall brand value demonstrates the growing contribution a company’s brand has in driving its economic success. While financial markets have shown significant swings over the last few years, the value of the world’s strongest brands have steadily increased driving customer choice, loyalty and margins.
The fastest risers in 2022 (in terms of brand value % change, year-on-year) significantly outperformed the fasted falling brands on three Brand Strength factors – Direction, Agility and Participation.
- – 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 – having done this, they move fast, bringing new products and services to market and, where necessary, pivoting to address changing customer needs.
- – Participation – ultimately, bringing people on a journey with them and making them part of the movement to create an engaging brand world.
Says Chris Capossela, executive vice president and chief marketing officer of Microsoft: “At Microsoft, we believe that technology can help empower every person and every organization on the planet to achieve more. While we continue to help customers digitally transform and leverage our technology to do more with less, we’re excited to grow with our audiences beyond brand constraints as a truly valuable part of their lives.”
Says Gonzalo Brujó, global CEO of Interbrand: “As we journey through this period of economic uncertainty, the most successful brands will continue to make ever stronger connections with consumers. It is no longer enough to have a static business and brand offering. Successful brands know how to harness new technology to create improved experiences for consumers and become a truly integrated part of their lives.
“Our 100 Best Global Brands have burst through the $3 trillion mark for the first time, but there is still room for further growth from both the top 10 and new entrants alike.
“These top ten brands defy the rules. They build exceptionally strong relationships with their customers, which allows them to extend the equity of their brand beyond traditional products, sectors or silos. They stand out in terms of leadership, empowerment and change—and with that comes value.”
For the complete Top 100 ranking and report with industry trends and the full methodology, visit www.bestglobalbrands.com.
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