The manufacturing sector is considered as an important sector of any economy. The entire production industry of the world contributes over 16% to the global GDP. Another important aspect of the manufacturing sector is the growth and innovation for lifestyle. Had not the manufacturing been so advanced and modern, we should be enjoying all the blessings of lavish lifestyle as we are doing now. The importance of the manufacturing sector can be gauged from the fact that every government tries to uplift the local industry instead of relying on the imported products. Economies of various countries, particularly those of the developing countries are entirely dependent on production facilities. Several countries are promoting their products. The Made in India and Made in China has been special importance. The Made in India initiative came into being in the year 2015 and the primary focus was to promote local goods instead of depending on items imported from other countries. This initiative by the Indian government have had considerable impact and the ratio of Foreign Direct Investment in India increased a lot during the past 3-4 years. In this article we will discuss the Top 15 Manufacturing Companies as shared by Insider Monkey.
One of the biggest and the largest producer is Daimler Company. It is based in Germany and this company products luxury cars including Mercedes-Benz which is considered a luxury icon around the globe. Daimler was created almost a century ago in the year 1926. It has sold a lot of vehicles since its inception. According to estimates, the company sold 3.3 million units only in the year 2019. The company’s total revenue during 2019 was US $193,346 billion. The company’s workforce in 2019 was 298,655 people. Another major producer is Apple. This company is based in America and specializes in production of the iconic iPhone, tablets, PCs, laptops and several other IT gadgets. Apple is a very expensive and valuable company on this planet. Sources claim that it is also the largest company in terms of revenue. In the year 2019 alone, the company’s revenue was US $260,174 billion, out of which $55,256 billion was the total profit. Apple has a workforce of 137,000 employees. This list does not end here as there are several other manufactures that are considered biggest and largest. To read more, go to 15 Biggest Manufacturing Companies In The World and check out the interesting information.
