Top Manufacturing Companies and Suppliers in the USA- Manufacturing accounted for 11.4 percent of the US economy’s GDP in 2021, providing $2.38 trillion to the economy in the last quarter of that year, according to the National Association of Manufacturers.
The manufacturing sector in the USA has long been one of the world’s largest in terms of industrial output — representing over 18.2% of the world’s total goods every year.
This article contains a list of the top 10 manufacturing companies in the USA that are expected to achieve bigger success in terms of market share and revenues from both their domestic and international markets, while further strengthening their leadership in the US and the global manufacturing sectors.
Top 10 Manufacturing Companies In The US
Here’s our list of the top 10 manufacturing companies in the U.S. These companies were selected based on their employee count and revenue generated.
1. Exxon Mobil Corp.
ExxonMobil is the world’s biggest publicly traded international oil and gas company and among the largest manufacturing countries in the world, based in Irving, Texas, United States.
Exxon Mobile is mainly engaged in the exploration, production, transportation, and sale of crude oil and natural gas, and the manufacturing, transportation, and sale of petroleum products.
The Company also manufactures and sells commodity petrochemicals, including olefins, aromatics, polyethylene and polypropylene plastics, and a range of specialty products. The company generated over US$237.1 billion in revenue in 2017, leading the list of the top 10 manufacturing companies in the USA.
READ ALSO: 4 PS OF MARKETING: What Are They?
2. Apple Inc.
Apple Inc. is a popular American multinational technology company. With its headquarters in Cupertino, California, Apple designs, develops and sells consumer electronics, computer software, and online services.
As one of the world’s largest tech companies, Apple has over 2 million jobs across the 50 states in the U.S. You’ll find Apple employees, suppliers, and app developers working in every state, in communities large and small, and in thousands of professional fields.
Apple’s best-selling products include the iPhone smartphone, the iPad tablet computer, the Mac personal computer, the iPod portable media player, the Apple Watch smartwatch, and the Apple TV.
According to Statista, Apple’s total net sales amounted to 365.82 billion U.S. dollars in their 2021 financial year, a slight increase from the historical record of 74.52 billion U.S. dollars in financial year 2020. Apple’s annual revenue quadrupled in the last ten years.
3. General Motors Co.
General Motors, headquartered in Detroit, is one of the world’s largest automotive manufacturers, it has an existence in over 35 countries globally.
GM has an annual revenue of more than $52 billion and employs over 180,000 people at almost 400 facilities around the world.
In 2021, General Motors sold just under 6.3 million vehicles. This compares to around 6.83 million units in 2020, representing a decline of around eight percent year-over-year. In this same year, Tesla sold just under 302,000 battery-electric vehicle units in the U.S. market – holding some 14.6 percent of the market compared to GM’s 8.6 percent. General Motors, however, plans to invest around 20 billion U.S. dollars in its EV product portfolio, including SUVs and pickups, by 2025.
Related Post: Closing Month Of Accounting Year: Definition & How To Choose For Your Business
4. Ford Motor Co.
Ford is one of the top 10 automobile companies in the U.S and beyond. It was established in 1903 by Henry Ford in Dearborn, Michigan, United States. Ford makes many famous car models such as Fiesta, Endeavour, Eco sport, Expedition, Escape, Mustang, Taurus, Focus, and Fusion.
The Ford Motor Company’s revenue came to over 136 billion U.S. dollars in 2021. This was a rise from 127 billion U.S. dollars in 2020 but still 12 percent under pre-pandemic financial recordings.
To increase performance and tap into the electric vehicle market, Ford expanded its engineering, research, and development expenditures in 2021 to 7.6 billion U.S. dollars.
5. Cardinal Health
Cardinal Health, Inc. is an American multinational health care services company and the 14th highest revenue-generating company in the United States.
This company was established by Robert D. Walter in 1971. After acquiring the Bailey Drug Company in 1979, it began wholesaling drugs as Cardinal Distribution, Incorporated. Its headquarters are based in Dublin, Ohio, and Dublin, Ireland (EMEA).
Cardinal Health company specializes in the distribution of pharmaceuticals and medical products, serving over 100,000 locations. It also produces medical and surgical products, including gloves, surgical apparel, and fluid management products.
According to Statista, the company generated a record-high revenue of some 162 billion U.S. dollars in FY 2021, up from 153 billion in the previous FY 2020.
Cardinal Health provides medical products to over 75 percent of hospitals in the United States, making it one o the top U.S manufacturing companies in the health industry.
READ ALSO: HARD MONEY LENDERS: Definition, Best Lenders & How It Works
6. General Electric Co.
General Electric is one of the world’s largest manufacturing companies. Headquartered in Boston, Massachusetts, the company majorly operates through the following segments: aviation, healthcare, power, renewable energy, digital, additive manufacturing, venture capital and finance, lighting, transportation, and oil and gas.
According to Macrotrends, General Electric’s annual revenue for 2021 was $74.196B, a 2.16% decline from 2020.
7. Chevron Corp.
Chevron Corporation is an American multinational energy corporation and of the biggest U.S manufacturing companies.
It is headquartered in San Ramon, California, and is active in more than 180 countries. The Company produces and transports crude oil and natural gas. Chevron also refines, markets, and distributes fuels, as well as is involved in chemical and mining operations, power generation, and energy services.
Chevron Corporation generated 155.61 billion U.S. dollars in operating revenue in 2021.
SEE ALSO: What Is Revenue Expenditure: Importance, and Examples
8. Dell
Dell is an American multinational computer technology company that manufactures, develops, sells, repairs, and supports computers and related products and services. Its headquarters is located in Round Rock, Texas.
As one of the largest technology corporations in the world, Dell employs over 165,000 people in the U.S. and around the world.
The revenue of Dell Technologies reached approximately 101.2 billion U.S. dollars in the 2022 fiscal year. The company’s revenue was consistently increasing from 2015 until 2020 when it declined by approximately 6 billion U.S. dollars. Since then, the company’s revenue trajectory has been on an upward spiral.
9. Microsoft Corp
Microsoft Corporation is an American multinational technology company with headquarters in Redmond, Washington. It develops, manufactures, licenses supports, and sells computer software, consumer electronics, personal computers, and services.
The Company’s main products include operating systems; cross-device productivity applications; server applications; business solution applications; desktop and server management tools; software development tools; video games; computers; tablets; gaming and entertainment consoles; phones; and other intelligent devices.
According to a report from Statista, Microsoft’s global revenue grew rapidly from the fiscal year 2020 to 2021, increasing by 18 percent year on year and reaching over 168 billion U.S. dollars. This marks another record-setting year for the software giant in terms of sales revenue.
10. IBM Corp.
IBMÂ is an American multinational technology company headquartered in Armonk, New York, United States, with operations across 170 countries.
The Company engages through five main segments: Cognitive Solutions, Global Business Services (GBS), Technology Services & Cloud Platforms, Systems, and Global Financing.
IBM’s annual revenue for 2021 was $57.35B, a 3.93% increase from 2020.
FAQs On Manufacturing Companies In The U.S
The top 5 industries in the United States are Healthcare, Technology, Construction, Retail,
Non-durable Manufacturing.
The retail, IT, arts, and entertainment sectors are among the fastest-growing sectors.
The largest manufacturing subsector in the U.S. is chemical manufacturing, followed by computer and electronic products and food, beverage, and tobacco products.
Conclusion
The top 10 US manufacturing companies on our list are expected to achieve bigger success in terms of market share and revenues from both their domestic and international markets, while further boosting their leadership in the US and the international manufacturing sectors.
References
- macrotrends.net – General Electric Revenue 2010-2022
- statista.com – Global revenue of Apple from 2004 to 2021
- blog.bizvibe.com – Top 10 Manufacturing Companies in the USA
Recommendations
