Top Manufacturing Companies in United States | Glassdoor This will also add more than 1.5 million jobs. An official website of the United States government. As the global . In what subsectores do manufacturers work? Note: Information for each state was drawn from NAM's 2020 US Manufacturing Facts. Browse our collection of stories and more. Top Manufacturing Companies in the USA - Thomasnet HP Inc. (NYSE:HPQ) currently has more than 50,000 employees and in March 2022, acquired a communication hardware and software provider known as Poly for $3.3 billion. Table 2: Top Suppliers of Manufacturing Services. One of the biggest aerospace and defense companies in the world, The Boeing Company (NYSE:BA) is considered to be the biggest exporter in the U.S. In around 500 U.S. counties, manufacturing is easily the biggest sector. Satya Nadella, the businesss current CEO, led the company to create $89,950 million in sales in 2017, representing a 5.43 percent increase in revenue and a profit margin of 23.57 percent compared to 2016. For the full company data set, just click the company name and then the "click here for company details" button on the right. Here are the top 10 based on IndustryWeek's annual list of the top 500 publicly held U.S. manufacturing companies based on revenue. Measuring America's People, Places, and Economy. The companys headquarters is in Watertown, Connecticut. As of 2017, GM produces around 9 million cars per year through its four automotive manufacturing subsidiaries: GMC, Cadillac, Buick,and Chevrolet. List of largest companies in the United States by revenue Organizations in this hub have their headquarters located in Western US, United States, North America; notable events and people located in Western US are also included. Table 2 lists the top manufacturing services businesses in Linquip, along with their headquarters, staff counts, and yearly revenue. So far, the manufacturing industry in the United States employs about 12.5 million people or around 8.5 percent of the overall workforce. Its line of services includes CNC Swiss and laser machining, turning, milling, and cleanroom manufacturing. Additional data and statistics can be estimated using NISTs Manufacturing Cost Guide. It is headquartered in Cupertino, California, and is one of the top electronic brands in the world. This is even though most U.S. manufacturing companies are considered small businesses, with less than 500 employees. While it has experienced ups and downs over the last decade, last year it had operating revenue of $155.61 billion. That means these days the city's labor force produces $3.2 billion . Like their namesake metal, these companies are resilient and essential to many of the products that we use every day. The company is still owned and managed by the descendants of founder Joseph . Manufacturing companies in the United States are becoming increasingly cost-competitive with offshore sites due to the continual requirement for huge numbers of trained personnel, technology, raw materials, and logistical infrastructures. In 2021, Manufacturing contributed $2.3 trillion to U.S. GDP amounting to 12.0% of total U.S. GDP. Start with manufacturing, McKinsey, January 20, 2022.a phenomenon we call the Great Amplification Cycle. John Evans' Sonsis a custom manufacturing firm that supplies the medical device, aerospace, electric motor, nuclear, and point-of-purchase sectors with various services including flattening, cutting, bending, pointing, straightening, and rolling. All rights reserved. Thomas Regional are part of Thomasnet.com. CNC machining and fiber optic assembly are two of MI Inc.s services. More could follow in their footsteps by fostering strategic collaborations among industrial companies, education systems, and local governments. [2] See also Fortune 5000 List of companies of the United States by state Some brief figures on U.S. manufacturing include the following: Frequently, countries are discussed as brands. The following is a list of the world's largest manufacturing companies, ordered by revenue in millions of U.S. dollars according to the Fortune Global 500. The U.S. is ranked ninth in output per hour among 133 countries using data from the Conference Board. In 2020, U.S. manufacturing imported 18.2 % of its intermediate goods/services, resulting in 10.6 % of the output being of foreign origin. The data is from 2019 and 2018 in some cases depending on what data was available. Those measures are inventory turns, profit margin, asset turnover, return on assets, return on equity and revenue growth. From there, we examine six additional measures over a three-year time frame. FILE - A sign marks the entrance of the Micron Technology automotive chip manufacturing plant on Feb. 11, 2022, in Manassas, Va. Made in America: 20 Top U.s. Cities for Manufacturers Apple, as one of the worlds top technology companies, today employs over 123,000 people and has 500 retail outlets across the world. With our marketing and advertising packages, you can attract the greatest number of customers for your business. What if a group of companies could consistently outperform the market? 2023 Endeavor Business Media, LLC. Ranked by Number of Georgia manufacturing employees . Find and evaluate OEMs, Custom Manufacturers, Service Companies and Distributors. The company is headquartered in Irwindale, CA, and was founded in 1954. With its low business costs, top-notch infrastructure, and generous incentive programs, Indiana has helped manufacturers grow and thrive. Please enable JavaScript on your browser and try again. 10+ million models from leading OEMs, compatible with all major CAD software systems. Currently the 50 biggest companies by revenue are included. https://www.facebook.com/pages/IndustryWeek/91310488418, https://www.linkedin.com/company/industry-week, https://www.youtube.com/user/industryweek, Welcome in the Workplace and What Makes a Manufacturer: IndustryWeek's Weekly Reads, The 2023 IndustryWeek U.S. 500 List Download, Unlocking Success: The Kingspan Case Study Reveals Powerful Insights for Business Growth, Tata Steel Case Study on Transforming Workforce Capability, AKKA Technologies: Real-world Experiences That Drive Innovation and Growth, 3D Systems offers $1.2 billion for Stratasys, US Averts First-Ever Default with 11th-Hour Debt Deal, Scenes of a Steel Mill, EV Affordability and China Is Winning: IndustryWeek's Weekly Reads, Fed's Logan Indicates Support for Further Rate Hike, Talent Advisory Board: How to Know When You're Ready for the Next Career Challenge. The company has its headquarters located in New Albany, OH, and was founded in 1989. Top Cities Where Manufacturing is Thriving 1. With such a vast number of companies across industries producing goods, the U.S. manufacturing sector is a varied field. Top Manufacturing Companies and Suppliers in the USA- Manufacturing accounted for 11.4 percent of the US economys GDP in 2021, providing $2.38 trillion to the economy in the last quarter of that year, according to the National Association of Manufacturers. 10. Europe Looking for the best manufacturing company in the United States? Share sensitive information only on official, secure websites. Based in Redmond, Washington, Microsoft is known worldwide for its software suite, Microsoft Office. GM generates over $52 billion in annual revenue and employs over 180,000 people in nearly 400 locations around the world. Products include fasteners, O-rings, washers, and bolts, to name a few.Based in Itasca, IL, their services include prototypes, production runs, and contract manufacturing. The manufacturing sector in the United States has long been one of the greatest in the world in terms of industrial production, accounting for about 18.2% of total global products each year. Manufacturing in America: 2021 - Census.gov Manufacturing Companies in USA (Top List) - FirmsWorld It also provides performance-based logistics and training to airlines and US government customers in 150 countries. Indianapolis. [<1.0 MB] How does manufacturing contribute to exports? It works with a wide range of materials including aluminum, titanium, zinc, nylon, and steel, to name a few. Print Parts Inc.is a custom manufacturing company that provides art, toys, jewelry, and collectibles. And so far 2022 is off to a great start: the company reported its highest quarterly profit in a decade. See Microsoft Corporation. The largest manufacturing company in the world is Apple, with a revenue of $394.33 billion. Cisco to start manufacturing in India, eyes $1 billion production capacity MetalTek Internationalis a manufacturing company that supplies the energy, building, aerospace, mining, nuclear, and petrochemical sectors, among others, with a wide range of services including casting, drilling, modeling, welding, and prototyping. Top 500 Manufacturing Companies - 2023 - Growjo The Boeing Company (NYSE:BA) has survived one of the biggest issues faced by a company in recent times after its 737 Max jet was grounded worldwide following two fatal crashes in 2018 and 2019, resulting in costs of billions of dollars. PepsiCo, Inc. (NASDAQ:PEP) is also well-known for its battles with Coca Cola, commonly known as the Cola-wars. This was followed by the pandemic in 2020 which led to The Boeing Company (NYSE:BA) seeing its revenue and profits nosedive. In 2017, the corporation earned about US$237.1 billion in sales, placing it first among the top ten manufacturing companies in the United States. This puts the U.S. just below the 50. Lodge Cast Iron, one of the most popular lines of cast iron cookware, has been manufacturing items in South Pittsburg, Tennessee since 1896. Here are the top 10 based on IndustryWeek's annual list of the top 500 publicly held U.S. manufacturing companies based on revenue. Share sensitive information only on official, secure websites. Stepping up a feud with Washington over technology and security, China's government on Sunday, May 21, 2023 told users of computer equipment deemed sensitive to stop buying products from the biggest U.S. memory chip maker, Micron Technology Inc. (AP Photo/Steve . Its line of services includes stamping, precision turning, forging, casting, injection molding, taping, assembly, bead blasting, coating, and painting, among others. The injury rate has a five-year compound growth rate of -4.0%, Manufacturing Extension Partnership (MEP). Top 10 U.S. States for Manufacturing - IndustrySelect Apple, Ford, and GM are good examples of companies that are pushing the edge and actually innovating by employing modern technology, new assembly line procedures, and human abilities; nonetheless, the end aim remains the same to generate a finished product. rating from 2 verified buyers (like you!) The company is based in Edgewood, NY, and was founded in 2019. Manufacturing employment grew in Ogden nearly 18 percent between 2012 and 2017, according to USA Today. With Linquips website, you have access to all the information you need about different industrial companies and their products. The second of the international energy corporations to make the list, with about 14,500 workers globally, it is a diversified energy production and logistics corporation based in Houston (Texas). View an interactive database of The IndustryWeek 50 Best U.S. Manufacturers, IW's exclusive annual ranking of America's top-performing public manufacturers. Facility, generated more than $136 billion in revenue, A Brief History of Corporate Social Responsibility (CSR), U.S. Air Force Shows Northrop Grumman's New B-21 Design, U.S. Army Awards $1.3 Billion Contract to Bell Textron to Replace Aging Black Hawk Helicopters, U.S. Air Force Selects Boeing for New Battle Management Aircraft, Fish Scales Are in This Unexpected Product, The Sugary Story Behind Sweetheart Candies. This represents an increase of $84.25 billion when compared to 2020 revenue. The IMD World Competitiveness Index, which measures competitiveness for conducting business, ranked the U.S. 10, The World Economic Forum, which assesses the competitiveness in determining productivity, ranked the U.S. 2, The Competitive Industrial Performance Index, which measures capacity to produce and export manufactured goods; technological deepening and upgrading; and world impact, ranked the U.S. 4, Manufacturing Safety, Compensation, and Profit. A .gov website belongs to an official government organization in the United States. America's top manufacturing tech companies | McKinsey Join us as we break down the top five largest public manufacturers in the U.S. Our lineup is based on 2021 revenue data from various sources and the 2022 IndustryWeek U.S. 500 list. These new cohorts of workers, along with increased public and private investment in research and innovation, accelerate economic growth and attract new companies and new talent. General Motors Company (NYSE:GM) owns many famous car brands which include Buick, GMC, Cadillac and Chevrolet. To sort in reverse, click the column heading a second time. Lock Secure .gov websites use HTTPS Patrick Industries, based in Elkhart, Indiana, manufactures components and structures for the RV, marine, and manufactured housing industries. It was founded in 2002. The idea is simple: when industrial companies build manufacturing plants, they create jobs with good wages, often for those without a college degree. Middle-skill workers would benefit the most from an improvement in the manufacturing sector which in turn would bolster the middle class. Multiple processing plants are located in the southern region of the United States. Hyundai Motor Group and LG Energy Solution to Establish Battery Cell And for many Titanium companies, their performance has rivaled that of Silicon Valleys tech darlings over the past decade. Image Credit: Darren Brode / Shutterstock.com, Select From Over 500,000 Industrial Suppliers. Most manufacturers specialize in certain areas creating stock or custom products. There are three primary aspects of examining U.S. manufacturing statistics on competitiveness: (1) how the U.S. industry compares to other countries, (2) the trends in the domestic industry, and (3) the industry trends compared to those in other countries. Currently, Dell Technologies Inc. (NYSE:DELL) has more than 165,000 employees globally. Others just provide their manufacturing skills as a service to other businesses for a variety of products ranging from white label stock items to any specialty part or product that customers require. Company. Saunders, A Div. It has been in business since 2016. Welcome to Thomas Insights every day, we publish the latest news and analysis to keep our readers up to date on whats happening in industry. Most are privately owned, small- to mid-cap . Georgia's Top 25 Manufacturing Companies . Top 10 Pulp & Paper Manufacturers in 2021 - Greycon Best Manufacturing Companies To Work For In The United States - Zippia With 24,304 manufacturers employing 1,541,000 manufacturing workers, California is the nation's largest manufacturing state. Decorative panels, fabricated aluminum, trim, moldings,cabinet doors, furniture, countertops,bathroom and closet products, helm systems, wiring, boat accessories, electrical system components, doors, air handling products,lumber, tanks, and parts and accessories are among the companys offerings. The company has its headquarters located in Fraser, MI, and has been in business since 1996. Any company that employs components, pieces, or raw materials to create a finished product is considered a manufacturing company. How does manufacturing compare to other industries? It is headquartered in Boston, Massachusetts. Connect and transact with thousands of top North American companies today. Combined, the 10 companies on this list account for 70% of the 47.7 million firearms produced domestically by licensed manufacturers in the five years ending in 2020, the most recent available . By using this site, you agree to our. [<1.0 MB] Related Information Manufacturing Week Annual Survey of Manufactures (ASM) Website Last Modified June 2, 2023. While it was among the most profitable companies in the country in 2011, its profitability fell significantly later on, resulting in General Electric Company (NYSE:GE) underperforming the market by a large margin. Lear Corporation manufactures automotive parts worldwide and was founded in 1917. The most recent years numbers are the most heavily weighted, at 50% of the formula we employ. Organizations in this hub have their headquarters located in Northeastern US, United States, North America; notable events and people located in Northeastern US are also included. Currently, manufacturing accounts for $2.3 trillion of the GDP and is comprised of more than 20% of the country's total capital investment, 35% of productivity growth and around 60% of the total exports of the country, not to mention 70% of business R&D spending. by Country (2015 to 2020): Higher is Better, Figure 4.8 from AMS 100-49: Manufacturing Multifactor Productivity Index (2012 Base Year = 100), Figure 2.8 from AMS 100-49: Value Added for Durable Goods by Type (billions of chained dollars), 2006-2021, Figure 2.9 from AMS 100-49: Value Added for Nondurable Goods by Type (billions of chained dollars), 2006-2021: Higher is Better, Created January 24, 2020, Updated April 11, 2023. The top 50 companies combined for $333.6 billion in chemical sales, a 34.9% increase over what the same companies posted in 2020. Top 15 Manufacturing Companies in the US - Insider Monkey www.industryweek.com is using a security service for protection against online attacks. The top manufacturing businesses in the United States are described here, including well-known brands. Thomas Regional are part of Thomasnet.com. IW U.S. 500 Rejects: Apple, Nike, Hasbro and 68 Other Companies that Sanderson Farms manufactures chicken products such as drumsticks, tenderloins, and fillets since 1947. Valero Energy, located in San Antonio, Texas, is a global manufacturer and marketer of transportation fuels, petrochemicals, and coal products. Copyright 2023 Thomas Publishing Company. There are three primary aspects of examining U.S. manufacturing statistics on competitiveness: (1) how the U.S. industry compares to other countries, (2) the trends in the domestic industry, and (3) the industry trends compared to those in other countries. Total revenue of the company (in billions): 65, Total profits of the company (in billions): 6.5, Total assets of the company (in billions): 38.9, Total market cap of the company (in billions): 28.8. . Its line of services includes additive and design consultation, quality assurance, and product evaluation. A lock ( is a custom manufacturer network that supplies the automotive, aerospace, consumer product, electronics, energy, hardware, industrial, robotics, and medical sectors, among many others, with on-demand manufacturing, laser cutting, waterjet cutting, injection molding, finishing, sheet metal fabrication, and urethane casting services, just to name a few. One of Apples largest competitors, Microsoft generated $168 billion in revenue last year. . This untold story may have practical implications. Injuries have a five-year compound growth rate of -4.4%. Total revenue of the company (in billions): 67.3, Total profits of the company (in billions): 5.5, Total assets of the company (in billions): 133.3, Total market cap of the company (in billions): 123.1. List of largest manufacturing companies by revenue - Wikipedia Apple, helmed by longtime CEO Tim Cook, plans to invest more than $400 billion in the US economy over the next five years. Valero, which employs approximately 10,000 people across 7,400 locations in the United States, Canada, the United Kingdom, and Ireland, generated $93,980 million in revenue last year, representing a 24.22 percent increase in revenue. The 15 Largest Manufacturing Companies In The World - Zippia Among the biggest aerospace and defense companies in the world, Lockheed Martin Corporation (NYSE:LMT) counts more than 60,000 scientists and engineers among its 115,000 employees worldwide. Its line of services includes adhesive bonding, slitting, spooling, sheeting, rewinding, flexographic printing, and laminating. For more information on these and other manufacturing companies, we invite you to check out Thomas Supplier Discovery, which contains information on over 8,240 manufacturing service providers. In Q1 2018, the output of the manufacturing sector in the U.S. was $2 trillion. LCS Company, based in St. Paul, MN, specializes in motor lamination, metal stamping, and specialized products, including clamps, ultra-thin brackets, shims, and washers with strict tolerances. Adrienne Selko Start Slideshow Which states have the most manufacturing headquarters? Access demographic, economic and population data from the U.S. Census Bureau. Milling, turning, stampings,multi-axis CNC machining, and heat treatment for materials such as stainless steel, aluminum,plastics, titanium,rubbers, and composites are among the services they provide.