Fascinating to see how many of the brands are based in Asia or grew due to Asian markets
The fastest growing brand on the list is Tesla, which isn’t surprising—the company’s stock increased by almost 700% in 2020.
What happened for Tesla last year to warrant such a boost? The company entered the SUV market with its launch of the Model Y, and started production in China, which increased sales in the country by 90% in the first 9 months of 2020.
TikTok, which ranks 2nd on the list, was the world’s most downloaded app in 2020.
The World’s Fastest Growing Brands in 2021
2020 was a tough year for the U.S. economy.
In Q2 2020, the country reported its steepest drop in real GDP ever recorded. Because of COVID-19, companies were forced to adapt. But things weren’t all bad—in fact, some companies even managed to prosper throughout the pandemic-induced madness.