Top 10 Largest Manufacturing Companies in the World 2020, Global Manufacturing Industry Factsheet

largest manufacturing companies

What is the Current State of the Global Manufacturing Industry?

The top 10 largest manufacturing companies in the world continue to lead the way for the global manufacturing industry in revenue and growth. The leading companies operate in many sectors including automotive, electronics, medical and technology. Relationships are now global, as companies all over the world are looking for different characteristics that are enticing at a B2B level including the efficiency of manufacturing and production output, environmental policies, and pro-business practices.

This fact sheet is to assist business professionals, investors, and people in general that are interested in developing relations with global clients including:

  • Discover who the top 10 largest manufacturing companies in the world are?
  • What are some manufacturing industry stats and insights to leverage in 2020?
  • Which countries have the best manufacturing output?
  • What is the largest manufacturing industry in the world?
  • Insights into the global manufacturing sector performance

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Global Manufacturing Industry Statistics

  • The United States has 12.85 million manufacturing jobs —employing 8.5% of the workforce.
  • Manufacturers contribute over $2.3 trillion to the economy of the United States every quarter.
  • China leads the world in terms of manufacturing output, with over $2.01 trillion in output.
  • Poland has the highest percentage of its workforce employed in manufacturing, followed by Germany, Italy, Turkey, and South Korea.
  • Manufacturing constitutes 27 percent of China’s overall national output, which accounts for 20 percent of the world’s manufacturing output.

Top 10 Largest Manufacturing Companies in the World in 2020

Who are the top 10 largest manufacturing companies in the world? The following is a list of the largest manufacturing companies by revenue in 2020.




Revenue (USD billions)


1 Volkswagen Group Automotive 282.9 billion  Germany
2 Toyota Group Engineering, various 265.1 billion  Japan
3 Apple Electronics 260.2 billion  United States
4 Samsung Electronics Electronics, various 221.6 billion  South Korea
5 Daimler Automotive 185.2 billion  Germany
6 General Motors Automotive 137.2 billion  United States
7 Ford Automotive 155.9 billion  United States
8 Hon Hai Precision Industry Electronics 154.7 billion  Taiwan
9 Honda Automotive 138.7 billion  Japan
10 Cardinal Health Pharmaceuticals 136.8 billion  United States

Source: Fortune Global 500

argest Manufacturing Companies by Revenue

1.    Volkswagen Group

Ranking number 1 on the list of the top 10 largest manufacturing companies in the world is the renowned German multinational automotive manufacturing company Volkswagen Group, Founded in 1937 in Berlin, Germany, with its current headquarters in Wolfsburg, Germany. The company is the largest manufacturing company in the world because it operates 100 production facilities across 27 countries. The Volkswagen Group brings in annual revenues of USD 282.9 billion,

The company’s products offerings include automobiles, commercial vehicles, internal combustion engines, motorcycles, and turbomachinery.

  • Founded: 1937
  • Volkswagen Group Headquarters: Wolfsburg, Germany
  • Volkswagen Group Revenue: USD 282.9 billion
  • Volkswagen Group Number of Employees: 304,174

2.    Toyota Group


The brand power of Toyota Group has always been super strong and that’s why the company is the 2nd biggest manufacturing company in the world. Toyota Group is a group of companies that have supplier, vendor and investment relationships with Toyota Industries and Toyota Motor vehicle manufacturing facilities. Toyota Group headquarters are in Toyota, Aichi, Japan and currently brings in annual revenues of USD 265.1 billion — making the company 2nd on the list of the largest manufacturing companies in the world.

  • Founded: 1937
  • Toyota Group Headquarters: Toyota, Aichi, Japan
  • Toyota Group Revenue: USD 265.1 billion
  • Toyota Group Number of Employees: 370,870

3.    Apple

Apple is a multinational technology company that is renowned in the world for its brand power. Aside from a very positive public perception, Apple is also a company that brings in some of the highest revenues and profits in the word. Apple’s annual revenue in 2019 was USD 260.2 billion — 3rd on the list of the largest manufacturing companies in the world.  Apple was founded In 1976 by Steve Jobs, Steve Wozniak, and Ronald Wayne, and currently operates 500+ retail stores worldwide.

  • Founded: 1976
  • Apple Headquarters: Cupertino, California, United States
  • Apple Revenue: USD 260.2 billion
  • Apple Number of Employees: 137,000

4.    Samsung Electronics

Samsung Electronics is a South Korean multinational electronics company headquartered in Suwon, South Korea and 4th on BizVibe’s list of the top manufacturing companies in the world. The company is known for its consumer electronics and electronic components including semiconductors, batteries, chips, flash memory, and more that it manufactures for major clients such as Sony, Apple, HTC and more. Samsung was founded in 1969 and brings in annual revenues of USD 221.6 billion.

  • Founded: 1969
  • Samsung ElectronicsHeadquarters: Suwon-si, South Korea
  • Samsung ElectronicsRevenue: USD 221.6 billion

5.    Daimler Group 

Daimler AG is a German multinational automotive corporation, headquartered in Mercedesstraße, Stuttgart, Germany that specializes in manufacturing automotive products and parts. The company was founded in 1926 and brings in current annual revenues of USD 185.2 billion.

  • Founded: 1926
  • Daimler AG Headquarters: Mercedesstraße, Stuttgart, Germany
  • Daimler AG Revenue: USD 115.2 billion

6.    General Motors

6th on BizVibe’s list of the top 10 largest manufacturing companies in the world is the American multinational corporation headquartered in Detroit, General Motors. 6th among the leading manufacturing companies by revenue and the company was also ranked 13th in the USA by revenue for all companies by Fortune 500 rankings. General Motors brings in annual revenues of USD 137.2 billion.

  • Founded: 1908
  • General Motors Headquarters: Detroit, Michigan, US
  • General Motors Revenue: USD 137.2 billion
  • General Motors Number of Employees: 164,000

7.    Ford Motor Company

Ford Motor Company is an American multinational automobile manufacturer that has its main headquarters in Dearborn, Michigan. The company was founded in 1903 and brings in annual revenues of USD 155.9 billion — making it one the 10 largest manufacturing companies in the world.

  • Founded: 1903
  • Ford Motor Company Headquarters: Dearborn, Michigan
  • Ford Motor Company Revenue: USD 155.9 billion

8.    Hon Hai Precision Industry

8th on this list is Taiwanese multinational electronics contract manufacturer, Hon Hai Precision Industry, also known as Foxconn.  This company’s headquarters are in Tucheng District, New Taipei and is known for manufacturing electronic components, PCBs, PCB components, computer chips for its clients from all over the world.

Hon Hai Precision Industry was founded in 1974 and brings in annual revenues of USD 154.7 billion.

  • Founded: 1974
  • Hon Hai Precision Industry Headquarters: Tucheng District, New Taipei, Taiwan
  • Hon Hai Precision Industry Revenue: USD 154.7 billion

9.    Honda

Honda Motor Company is 9th on this list of largest manufacturing companies by revenue. Honda is a Japanese public multinational conglomerate corporation primarily known as a manufacturer of automobiles, motorcycles, and power equipment. The company was founded in             Hamamatsu, Japan in 1946. Honda’s other manufacturing divisions include Acura, Honda Aircraft Company, Honda Automobiles, and Honda Motorcycles.

  • Founded: 1946
  • Honda Headquarters: Minato, Tokyo, Japan
  • Honda Revenue: USD 138.7 billion
  • Honda Number of Employees: 215,638

10.  Cardinal Health

Rounding out the list is the first pharmaceutical company, Cardinal Health — an American multinational health care services company. The company specializes in manufacturing medical and pharmaceutical products and brought in USD 136.8 billion in revenue last year. Cardinal Health’s current headquarters are in Dublin, Ohio, U.S.

  • Founded: 1971
  • Cardinal Health Headquarters: Dublin, Ohio, U.S.
  • Cardinal Health Revenue: USD 136.8 billion

This is BizVibe’s list of the top 10 largest manufacturing companies in the world based on revenue. These companies are changing the way businesses are innovating in the global manufacturing industry and continue to be a key piece in the world’s supply chain.

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Largest Manufacturing Companies in the World – 50 More Companies




Revenue (USD millions)


1 SAIC Motor Automotive 128,819  China
2 General Electric Engineering, various 122,274  United States
3 BMW Automotive 111,231  Germany
4 Nissan Automotive 107,868  Japan
5 China Railway and Engineering Group Engineering 102,767  China
6 Boeing Aerospace & Defense 93,392  United States
7 Dongfeng Motor Group Automotive 93,294  China
8 Siemens Engineering, various 91,585  Germany
9 Nestle Food & Beverages 91,222   Switzerland
10 Huawei Telecommunications equipment, Electronics 89,311  China
11 Bosch Engineering, various 87,997  Germany
12 Hyundai Motor Company Automotive 85,259  South Korea
13 Hitachi Engineering, various 84,559  Japan
14 Enel Renewable energy 84,134  Italy
15 Eni Oil & gas 80,006  Italy
16 IBM Engineering, various 79,139  United States
17 Dell Electronics 78,660  United States
18 Sony Electronics 77,116  Japan
19 Sinochem Chemicals 76,765  China
20 Johnson & Johnson Personal care products 76,450  United States
21 Airbus Aerospace & Defense 75,261  EU
22 Peugeot Automotive 73,506  France
23 China Minmetals Metals 72,997  China
24 BASF Chemicals 72,677  Germany
25 Panasonic Engineering, various 72,045  Japan
26 Beijing Automotive Group Automotive 69,591  China
27 FAW Group Automotive 69,524  China
28 ArcelorMittal Steel 68,679  Luxembourg
29 Mitsubishi Engineering, various 68,301  Japan
30 Procter & Gamble Consumer goods 66,217  United States
31 Norinco Aerospace & Defense 64,646  China
32 PepsiCo Food & Beverages 63,525  United States
33 Intel Electronics 62,761  United States
34 DowDuPont Chemicals 62,683  United States
35 Unilever Consumer goods 60,548  United Kingdom /  Netherlands
36 United Technologies Engineering, various 59,837  United States
37 Aviation Industry Corporation of China Aerospace & Defense 59,263  China
38 China Baowu Steel Group Steel 59,255  China
39 ChemChina Chemicals 57,989  China
40 Hoffmann-La Roche Pharmaceuticals 56,634   Switzerland
41 Renault Automotive 56,667  France
42 Anheuser-Busch InBev Food & Beverages 56,444  Belgium
43 LG Electronics Electronics 54,314  South Korea
44 POSCO Steel 53,244  South Korea
45 Shandong Weiqiao Pioneering Group Textiles 53,203  China
46 Pfizer Pharmaceuticals 52,546  United States
47 Hewlett-Packard Electronics 52,056  United States
48 Bayer Pharmaceuticals 51,933  Germany
49 Sinopharm Pharmaceuticals 51,844  China
50 Nippon Steel Steel 51,164  Japan

Source: Fortune Global 500

Global Manufacturing Output by Country

Global Manufacturing Output by Country


Manufacturing Output (USD in billions)

Percent of National Output

Percent of Global Manufacturing

China $2,010 27% 20%
United States 1,867 12 18
Japan 1,063 19 10
Germany 700 23 7
South Korea 372 29 4
India 298 16 3
France 274 11 3
Italy 264 16 3
United Kingdom 244 10 2
Taiwan 185 31 2
Mexico 175 19 2
Spain 153 14 2
Canada 148 11 1
Brazil 146 11 1
Russian Federation 139 11 1
Turkey 125 18 1
Indonesia 115 22 1
Poland 100 20 1
Switzerland 93 18 1
Netherlands 88 12 1

Source: United Nations Conference on Trade and Development

  • China is responsible for 20% of the world’s manufacturing output.
  • After China, The United States ($1.867 trillion), Japan ($1.063 trillion), Germany ($700 billion), and South Korea ($372 billion) are responsible for the highest manufacturing output by country.
  • 2 % of Poland’s population is employed in the global manufacturing Industry.
  • The U.K. aims to capture a larger proportion of the overseas market in the future.

The Future of the Global Manufacturing Industry

The future of manufacturing 2020 and beyond for truly global manufacturers looks promising as the top 10 largest manufacturing companies in the world continue to grow their relationships with clients that need manufacturing. Expect the industry to keep growing and the key players to play a vital role in its growth as the industry pushes towards and evolving and global supply chain and manufacturing processes.

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