Top 100 Global Manufacturing Companies 2021

October 2021

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.

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Key Findings

Production value declines in 2020

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.

Revenue rebounded in 2021

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.

Automotive companies in the lead

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.

Hi-tech goods and pharma accelerate

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.

US continues to lead

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.

Scope
Key findings
Top 100 companies’ revenue reached USD6.3 trillion in 2020
Majority of large companies bounced back from the pandemic
Key trends in Top 100 companies
Automotive companies continue to lead in Top 100 ranking
US, Japan and China remain in the lead
Automotive industry faces slower growth due to supply constraints
China to drive hi-tech goods production value growth
Growing healthcare spending to lift pharmaceutical industry’s growth
Food and beverages industry is forecast to see faster growth
Aerospace industry faces slower growth amid weaker demand
1-10 companies
No 1: Toyota Motor Corp
No 2: Volkswagen AG
No 3: Samsung Electronics Co Ltd
No 4: Hon Hai Precision Industry Co Ltd
No 5: Daimler AG
No 6: Huawei Technologies Co Ltd
No 7: Ford Motor Co
No 8: Honda Motor Co
No 9: General Motors Co
No 10: Bayerische Motoren Werke AG
11-20
21-30
31-40
41-50
51-60
61-70
71-80
81-90
91-100
Research methodology
Industry scope (1)
Industry scope (2)
Other notes and explanations
Exchange rates used
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