In this article we are going to list the 20 largest manufacturing companies in the world. For a detailed coverage of this topic and a more comprehensive list please take a look at the 5 largest manufacturing companies in the world.
5. Foxconn / Hon Hai Precision Industry
Total TTM revenue (in billions): $214.6
Considered to be one of the biggest tech companies in the world, Foxconn is the only Taiwanese companies among the largest manufacturing companies in the world. While the company’s founder is currently running for Taiwanese presidency, Foxconn is the largest producer of Apple’s iPhones and has been recently involved in moving production to India and out of China.
4. Samsung Electronics
Total TTM revenue (in billions): $229.3
One of the most valuable Korean companies in the world, Samsun Electronics is among the top TV and phone producers in the world, in addition to holding major market share in several other products. Currently, the company’s investors are bracing for the worst profit results in the last 14 years.
3. Toyota Motor Corporation (NYSE:TM)
Total TTM revenue (in billions): $270.0
The largest manufacturer in Japan, Toyota Motor Corporation (NYSE:TM) was in the news recently for its biggest salary increase in decades, cognizant of inflation and higher cost of living. Its appointment of a new CEO is likely to result in Toyota Motor Corporation (NYSE:TM) overhauling its electric vehicle strategy as the automotive industry attempts to successfully navigate this crossroads.
2. Volkswagen Group
Total TTM revenue (in billions): $290.9
The biggest car company in the world by revenue, Volkswagen is aiming to become the biggest electric car company in the world while engaging in a cost-cutting strategy which focuses on reducing variant models, maximizing economies of scale and sharing parts. The company is also among several major car companies looking to secure lithium supply lines in a bid to be less reliant on outsiders.
1. Apple Inc. (NASDAQ:AAPL)
Total TTM revenue (in billions): $387.5
Easily topping the list of the 20 largest manufacturing companies in the world is Apple Inc. (NASDAQ:AAPL), which is also the biggest tech company in the world. Apple Inc. (NASDAQ:AAPL) has been cited as one of the few tech companies to not engage in massive layoffs in 2022 / 2023 but is reportedly now starting a small number of corporate layoffs.
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