According to John C. Maxwell, a leader is the one who knows the way, goes the way and shows the way. In business too, this adage holds true. But the question is, which is the right way? Having said that, it is no easy task to be a market leader. But there are some who have been spearheading their respective sectors since long.
Though some companies in different sectors may be well-known and command a good market share, for example, Hindustan Unilever, there are a number of competitors that also have a hand in decreasing the market share of the leader. But a few sectors still have a single company commanding almost all, if not full share of the market. Let’s take a look at some of them.
Hindustan Aeronautics Limited (HAL)]
One of the oldest and largest aerospace and defense manufacturer in the world, HAL has an almost 100% market share in the defense sector. It is the main product and services supplier to India’s defense forces. With hardly any competition from private sector companies, the company recently signed a $716 million deal with GE Aviation for supply of engines. Due to large deal wins and its tryst with futures and options, HAL’s stock has rallied 58% in this year.
WABCO is a global leader supplying breaking control systems and advanced technologies. It commands an 80% market share in medium and heavy vehicles braking systems. The company gained 27% shares this year. The June quarter this year reported a 55% rise in net profit.
The market leader in 250cc bikes, this auto giant manufactures commercial vehicles and motorcycles. The cult Royal Enfield currently dominates the middleweight motorcycle category. The company is all set to benefit from the scrappage policy announcement. The shares have already gained 10% in 2021.
With a whopping 90% market in sugar free products, Zydus Wellness has recently roped in Katrina Kaif as their brand ambassador of its low-calorie sweetener Sugar Free. Other brands in the Zydus kitty include Complan, Glucon-D, Everyuth, Nycil etc. The company shares have gained 14% already this year.
The company makes up for almost 80% of the country’s coal production. And this year the shares of the company rose by 37% and reported a 52% growth in net profits.
With expansion initiatives in the hospitality sector, IRCTC received returns of 163% on their shares. The company commands a 73% market share in railway ticket reservations.