List of the 5 largest companies in Baden-Württemberg
Baden-Württemberg accounts for 15 percent of Germany’s gross domestic product (GDP) and, as a territorial state, is surpassed only by Bavaria in terms of GDP per capita. Baden-Württemberg’s economy is particularly characterized by its strong industry. This is also reflected in our list of the TOP 5:
1. Mercedes-Benz Group AG, Stuttgart
The name Mercedes-Benz stands for automotive history par excellence and the group from Stuttgart is Germany’s number 2 automaker today – a global player. The Mercedes-Benz brand stands for premium vehicles with an excellent reputation worldwide. At the end of 2021, Daimler AG was split into Mercedes-Benz Group AG and Daimler Truck Holding AG, both of which are part of the DAX-40
Update 2023: In February 2023, Mercedes-Benz announced a future collaboration with the Alphabet technology group to integrate Google Maps into the Mercedes-Benz navigation system. The collaboration is unique in the German automotive industry – after all, it is the first time that an automaker has opened up its operating system in such a way.
2. Robert Bosch GmbH, Stuttgart
Robert Bosch traces its roots back to a backyard workshop in Stuttgart founded in 1886. Today, Bosch is a global conglomerate operating as an automotive supplier and manufacturer of industrial technology (Rexroth), power tools, household appliances, and energy and building technology. The automotive supply business accounts for a good half of the group’s sales. Bosch is the world’s largest automotive supplier. The company has around 395,000 associates. The non-profit Robert Bosch Stiftung holds 94 percent of the shares, but the descendants of company founder Robert Bosch still have influence.
3. ZF FRIEDRICHSHAFEN AG, Friedrichshafen
Luftschiff Zeppelin and Max Maag Zahnräderfabrik founded Zahnradfabrik GmbH, now ZF FRIEDRICHSHAFEN AG, in 1915. With a good 153,000 employees, the ZF Group is the fifth-largest automotive supplier worldwide and a leader in driveline and chassis technology. The Zeppelin Foundation, which is administered by the city of Friedrichshafen, owns over 90 percent of the company’s shares. Transmissions, steering systems, axles, clutches, shock absorbers, and other chassis components make up ZF’s core business. In addition, there is the Industrial Technology division with driveline technology and systems for machinery, aviation, marine, and special vehicle systems.
4. Porsche AG, Stuttgart
The car manufacturer Porsche AG emerged from a design office of the carmaker Ferdinand Porsche. Headquartered in Stuttgart-Zuffenhausen, the company is best known for its sleek sports cars. Production takes place primarily at the main plant in Zuffenhausen and at the Leipzig plant. There has been a close relationship with Volkswagen from the very beginning. Ferdinand Porsche is the inventor of the legendary VW Beetle. Porsche AG has been part of the Volkswagen Group since 2009. The company has around 35,000 employees.
5. SAP SE, Walldorf
Five former IBM employees founded SAP in 1972. This has developed into Germany’s and Europe’s largest software company with over 100,000 employees. Today, most of SAP’s shares are in free float, but two of its founders still hold stakes. SAP develops software for business process management and support for companies. The solutions cover all business areas: Procurement, Production, Sales, Logistics, Accounting, Controlling and Human Resources. The main product line is SAP ERP (ERP = Enterprise Resource Planning), a networked enterprise information and planning system with various components and industry solutions.
Picture source: Jan Böttinger via Unsplash (13.07.2023)
This information is included in the list
- Company name
- General contact data (address, e-mail address, telephone number, URL)
- Serial letter suitable for addressing the management (e.g. “Sehr geehrter Herr Dr. Müller”)
- Name of the management
- Sales figures for the years 2021, 2020, 2019, 2018, 2017, 2016 and 2015 as well as employee figures for the years 2021, 2020, 2019, 2018 (taken from the annual and consolidated financial statements)
- Field of activity
Note: If the sales and employee figures are not included in a company’s own financial statements but in the parent company’s consolidated financial statements, the data from the respective consolidated financial statements are provided.
Turnover, number of employees, field of activity
Measured by gross domestic product, the economy in Baden-Württemberg ranks leading among the German states. Baden-Württemberg is home to many world market leaders and hidden champions, who can be found particularly in the metalworking industry. With our list, you can track down not only the well-known large companies, but also the many medium-sized companies with which particularly interesting business partnerships are possible. Thanks to current turnover figures and the indication of the field of activity, suitable segments and clusters can be quickly formed for further work with the data.
The economy in Baden-Wuerttemberg: Statistics and facts
Baden-Württemberg is not only located in the heart of Europe, but is also one of the richest and economically strongest regions in the EU. The gross domestic product in 2019 was over 524 billion euros. This puts Baden-Württemberg in third place in a state comparison and in fourth place in per capita terms. Germany’s southwest has always been regarded as a state of inventors, tinkerers and engineers. No other federal state can boast such a high industrial density.
Around 1.5 million people work in industry in Baden-Württemberg. It accounts for around one third of the economic output of the state. In addition to large companies, there is also a large number of medium-sized industrial companies. Many of them are world market leaders in their field as hidden champions. A strong export orientation is typical for the entire industry in the state. Many companies operate worldwide.
The three most important branches of industry are mechanical engineering, the automotive industry including supply industry, electrical engineering companies and the metal industry. Baden-Württemberg can be considered the cradle of automotive engineering in the world. With Daimler and Porsche, two manufacturers of world renown are based here. Important suppliers in the state are Robert Bosch GmbH and ZF Friedrichshafen. The automotive industry is mainly concentrated in the area around Stuttgart.
The service sector accounts for a good 58 percent of economic output. It provides employment for around 4.3 million people. Business-related services (financial, insurance, corporate services, housing and real estate) account for almost a quarter of the value added. Consumer-related services account for 18 percent (trade, transportation services, communications, hospitality and leisure). Public services, health services and education account for an equal share.
Picture source: Alireza Morsali via Unsplash (13.07.2023)
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