The briefing provides an overview of the top 100 global manufacturing companies. The coverage spans 2016 to 2020, and covers the entirety of manufacturing industries, company performance analysis and future trends.
Revenue of Top 100 companies declined by 6% in 2020 to USD6.3 trillion. The COVID-19 outbreak hit the global manufacturing sector heavily due to production disruptions and weaker demand for B2B and capital goods.
The majority of the Top 100 manufacturing companies managed to bounce back and reported stronger revenue growth in Q2 2021. However, rising energy costs and ongoing transportation disruptions may delay full recovery to pre-pandemic production value levels in 2021.
Despite the production disruptions and negative effects of the pandemic on demand, automotive companies continued to lead the ranking. In 2020, 19 companies in the ranking were primarily producing automotive products.
The total number of high-tech goods companies increased in the Top 100 ranking thanks to relatively mild pandemic effects on the sector and growing B2B demand for hi-tech goods. A higher number of pharmaceutical companies made it into the Top 100 ranking in 2020 thanks to increased global spending on healthcare.
The US remains the top country in terms of the largest manufacturing companies. The total number of US-based companies in the Top 100 list increased in 2020. Presence of strong technology and pharmaceutical industries helped the expansion.
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