Top 10 Largest Companies In Germany By Market Cap (2024 Update)
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| The Largest Companies In Germany By Market Cap (2024 Update) |
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Overview of the German economy
With a GDP of almost 3.8 trillion euros, the German economy is the largest in Europe and the fourth largest in the world.
Germany's various automotive, pharmaceutical, and manufacturing industries have all made major contributions to the country's economic success.
Notably, Germany is known for its high-quality engineering and talented workforce, which have helped it maintain a competitive edge in the worldwide market.
The service sector dominates the country's economy, accounting for over 70% of total GDP, followed by industry and agriculture.
Germany is also known for its strong currency, the euro, and its highly regarded central bank, the Bundesbank.
Top 10 Largest Companies In Germany By Market Cap (2024 Update)
1. SAP
$191.18 B
SAP's comprehensive array of solutions spans industries ranging from banking to manufacturing to transportation, and includes cutting-edge technology such as artificial intelligence and blockchain.
The company's devotion to innovation has resulted in ground-breaking technologies including Enterprise Suite, HANA, and SuccessFactors.
SAP, a global leader, is known for being innovative, customer-centric, and forward-thinking.
READ MORE: Top 10+ Largest Prisons In The U.S By Population
2. Siemens
$138.54 B
Siemens AG, founded in the mid-nineteenth century, has grown to become a global leader in energy, healthcare, and infrastructure.
To put that in perspective, that is double the typical lifespan of a hamster.
With a global presence in over 200 countries and over 311,000 people (source: macrotrends), Siemens AG is the industrial world's Steve Jobs.
It has a reputation for originality, ingenuity, and a hardworking attitude that would make even your high school gym instructor pleased.
So, whether you're a tech enthusiast, a history buff, or simply someone who enjoys mentioning big corporations at parties, Siemens AG is definitely worth knowing about.
READ MORE: Top 10 Largest Companies In EU By Market Cap (2024 Update)
3. Deutsche Telekom
$125.07 B
Deutsche Telekom is one of the world's largest telecom firms, with around 248 million mobile users, 22 million broadband lines, and 26 million fixed-network lines. Deutsche Telekom is also global, with operations in more than 50 countries and a workforce of 216,500 by the end of 2021. In terms of sales for the last four quarters beginning in Q2 2022, Deutsche Telekom had $124.35 billion in revenue, placing it sixth on our list of the 15 largest German companies by revenue.
4. Allianz
$105.50 B
With such amazing financial stability and global reach, it's no surprise they've become one of the industry's most trusted names.
Allianz SE is an all-around rockstar, safeguarding individuals and businesses from financial losses while also offering consumers with peace of mind.
And don't forget about their devotion to sustainability and social responsibility, which has made them great heroes in the eyes of many.
So, if you ever need insurance coverage, remember that Allianz SE has your back, cape not included.
5. Porsche
$73.25 B
Porsche is a German automaker that has been producing high-performance vehicles since 1931.
And, while it is best recognized for its elegant sports vehicles, its success story is even more remarkable.
Ferdinand Porsche founded the company in 1931, and it has a long history of pushing the boundaries and creating new standards in the automobile industry.
Porsche has always been at the forefront of engineering expertise, from its beginnings as a race car manufacturer to its current lineup of premium vehicles.
And what about the Porsche emblem, with its distinctive crest featuring a horse? It alludes to Ferdinand Porsche's love of horses (no related to Sarah Jessica Parker).
With a market valuation of more than $100 billion and revenue over $28 billion, Porsche has solidified its position as a prominent player in the automotive industry.
6. Merck KGaA
$69.27 billion
The Merck Group, also known as Merck, is a German multinational science and technology firm headquartered in Darmstadt with around 60,000 workers and operations in 66 countries. Merck KGaA, headquartered in Germany, is the largest of the group's approximately 250 enterprises. The corporation is organized into three business lines: healthcare, life sciences, and electronics. Merck was founded in 1668 and is the world's oldest active chemical and pharmaceutical company, as well as one of the world's major pharmaceutical corporations.
7. Mercedes-Benz
$68.91 B
The corporation was started in Germany in 1926 and has faced several challenges since then.
Mercedes-Benz has progressed significantly from its early days as an agricultural firm to its current dominance as a premium car brand.
Let's take a look back at how it all started.
The logo has an interesting backstory! It was developed by Paul Henze and his crew in 1926 and incorporates a three-pointed star known as the Mercedes-Star (thus the name).
8. BMW
$66.24 B
Since its beginnings in 1916, the BMW Group has expanded into a global powerhouse with activities in over 60 countries across six continents.
With sales of approximately 2.4 million passenger vehicles and more than 202,000 motorcycles in 2022 (Source: bmwgroup), the firm is one of the world's most successful luxury automakers.
But what's even more astounding is the narrative of how it all came together.
Back in Germany, Karl Rapp and William Goetz created the BMW Group.
Both were driven to create an automobile firm that was both technologically innovative and luxury.
9. Siemens Healthineers
$63.20 B
Siemens AG, founded in the mid-nineteenth century, has grown to become a global leader in energy, healthcare, and infrastructure.
To put that in perspective, that is double the typical lifespan of a hamster.
With a global presence in over 200 countries and over 311,000 people (source: macrotrends), Siemens AG is the industrial world's Steve Jobs.
It has a reputation for originality, ingenuity, and a hardworking attitude that would make even your high school gym instructor pleased.
So, whether you're a tech enthusiast, a history buff, or simply someone who enjoys mentioning big corporations at parties, Siemens AG is definitely worth knowing about.
10. Volkswagen
$61.35 B
They've mastered the art of designing vehicles that people genuinely want to purchase.
Volkswagen understands how to build vehicles that appeal to a diverse spectrum of customers, from the iconic Beetle to the contemporary Golf.
And it's no surprise that they're still growing and thriving, given their commitment to sustainability and innovation.
So, if you're looking for a fashionable yet ecologically friendly vehicle, go no further than Volkswagen.
They're always ahead of the curve, striving for a brighter tomorrow.
Conclusion
Germany is home to a number of the world's largest and most successful businesses.
The country's economy is one of the world's strongest, and much of its success can be attributed to its business giants.
These businesses operate in a variety of areas, including automotive, engineering, and medicines.
Their success is attributed to a variety of elements, including creativity, strategic planning, and a dedication to quality.
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