Table of Contents
Introduction
In this article, we are going to list the 10 largest manufacturing companies in the world in 2024. The manufacturing industry email list remains one of the main engines of the economy, regardless of whether a nation is highly developed or developing. The industry has suffered since the pandemic due to declining demand, the recession, declining employment rates, etc.
However, as of 2024, we see the manufacturing sector jumping back on its feet, ready to take the world by storm again. According to Statista the manufacturing industry market is projected to increase by $15.36 trillion in 2024 and the expected CAGR is 3.56% (2024-2028).
The top 10 largest manufacturing companies in the world in 2024.
1. Apple
Apple is one of the most valuable brands in the world and one of the top manufacturers in the United States, with revenue expected to reach $383 billion in 2023. This company primarily produces electronics, computer software, and internet services.
The company’s introduction of Gorilla Glass technology for its iPhones has made it quite popular. In May of 2017, Apple contributed a staggering $1 billion to support innovative manufacturing in the US. Among these, $200 million went to Corning, Inc., the business that created Gorilla Glass technology.
California’s Cupertino is home to Apple’s headquarters.
2. Toyota Group
Toyota Motor Corp., Largest Japanese automobile manufacturer and one of the largest automotive companies in the world. It was established in 1933 as a division of the Toyoda Automatic Loom Works, Ltd., and in 1937 it was incorporated as the Toyota Motor Co., Ltd.
The company is among the biggest manufacturers in the world because it has continued to accomplish this remarkable feat since 2012. Additionally, this business has aggressively supported the adoption of hybrid and electric automobiles by promoting their use.
In 2023, Toyota brought in $274.942 billion in revenue.
3. Volkswagen Group of America
Volkswagen Group of America, Inc. (VWGoA) is the North American subsidiary of Volkswagen AG, one of the world’s leading automobile manufacturers. Headquartered in Herndon, Virginia, VWGoA oversees the operations of Volkswagen Group brands in the United States and Canada.
Since 2018, China has proven to be the company’s most lucrative market, accounting for an estimated 4 million sales of its cars. Revenue for the business in 2023 totaled $333.46 billion.
4. Samsung
Samsung Group is a South Korean company that is one of the world’s largest producers of electronic devices. Samsung specializes in the production of a wide variety of consumer and industry electronics, including appliances, digital media devices, semiconductors, memory chips, and integrated systems. It has become one of the most recognizable names in technology and produces about a fifth of South Korea’s total exports.
Several of the industry’s top brands, including Dell, Apple, Hewlett-Packard, ATT, and Verizon, are among its clientele. In 2023, the company’s total revenue exceeded $200.26 billion.
5. Foxconn or Hon Hai Precision Industry Co
One of the top 10 manufacturing businesses in the world is Foxconn, also known as Hon Hai Precision Industry Co., a well-known contract manufacturer with its headquarters located in Taiwan. The business is not only a top manufacturer but also one of the biggest employers globally.
Foxconn currently produces television sets, hearables, smartphones for major brands like Apple, Xiaomi, and HMD, as well as EV parts for Aether Energy. Among its clients are Nintendo, Microsoft, Amazon, Google, Dell, Intel, and Lenovo, to name a few.
about 2023, Foxconn brought about $202.01 billion in revenue.
6. Daimler AG
Daimler AG, international automotive company. One of the world’s leading car and truck manufacturers, its vehicle brands include Mercedes-Benz, Maybach (luxury automobiles), and Smart (micro hybrid cars).
Among the largest manufacturing firms in the world, Daimler AG (now known as Mercedes-Benz Group AG) was founded and has its headquarters in Germany. It is best known for producing automobiles. The company’s main business is the manufacture of auto and truck parts.
Daimler AG’s annual revenue in 2023 amounted to be $164.629 billion.
7. Honda Motor Co.
Top of the list among makers of cars, motorbikes, and power equipment is the conglomerate Honda Motor Co. The business has kept its reputation as the biggest producer of internal combustion engines worldwide since 1959.
It’s also one of the top motorbike manufacturers in the world. Regarding the former, Honda has effectively produced and marketed a minimum of 14 million internal combustion engine units per year. Robots, ATVs, planes, lawnmowers, and mountain bikes are some of its best-selling items.
The company’s 2023 revenue stood at $125.117 billion.
8. Cardinal Health
Cardinal Health, one of the biggest manufacturers in the world, primarily provides healthcare services to the healthcare industry email list. This indicates that Cardinal Health is a company that produces and distributes pharmaceutical and medical goods.
It ranks 14th in terms of income generation and has its headquarters in the US. The organization serves at least 100,000 places in the US because of how well-liked its services are there. Surgical and medical equipment, including gloves, fluid management solutions, surgical gear, and more, are some of the top offerings in its product line.
The company’s 2023 revenue amounted to $205.0 billion.
9. Mitsubishi Motors
Founded in 1917, this Japan-based corporation has a history spanning over a century. It was created when Japan’s first series-produced car line, the Mitsubishi A Model, was introduced by the Mitsubishi Shipping Company.
As of today, Mitsubishi is a publicly-traded company, one-third of which is owned by Nissan. The 2023 revenue of the company amounted to $147.18 billion.
10. Ford Motor Company
Ford Motor Company is an American automaker with its headquarters located in Michigan, USA. The corporation is most known for having been a trailblazer in the production and marketing of large-scale, assembly-line automobiles.
Ford Motor Company is a multi-product and service manufacturer that produces tractors, trucks, cars, financial services, and more. Ford’s manufacturing procedures are so strong that they were given their own term, Fordism, in 1914 to describe their unique production processes.
The company’s 2023 annual revenue amounted to $$176.191 billion.