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Our list of the largest industrial companies in Germany provides you with comprehensive insights into the most important players in the German industry. In addition to current revenue and employee figures, you will also find valuable information on industry focus, executives, and contact details. The data is conveniently available as an Excel file for direct download.
Volkswagen AG is the Largest German Industrial Company in 2025
Volkswagen AG, headquartered in Wolfsburg, is, according to the most recently published 2023 annual reports and the ResearchGermany market research of the largest industrial companies, the highest-revenue German industrial company. The group generated revenue of €322.3 billion. This clearly puts Volkswagen at the top of the ranking of the largest industrial companies in Germany. The basis is the published figures from the 2023 consolidated financial statements.
Why Volkswagen is at the Top
Volkswagen owes its leading position to a combination of global presence, a broad brand portfolio, and high innovative strength. With strong brands such as VW, Audi, Porsche, Škoda, SEAT, and Lamborghini, the group covers almost all segments of the automotive market – from small cars to premium vehicles, trucks, and electric cars. The strategy of heavily investing in electromobility and digitalization has further strengthened its competitiveness. Despite challenging conditions such as inflation, supply chain issues, and geopolitical uncertainties, Volkswagen was able to increase its revenue in 2023 by more than €43 billion compared to the previous year.
Comparison with Other German Industrial Companies
In comparison with the largest competitors based on the ResearchGermany list of the largest German industrial companies, Volkswagen’s dominance becomes particularly clear. While Mercedes-Benz and BMW also generate impressive revenues, Volkswagen continues to clearly lead. Siemens and Bosch follow with high revenues in the fields of technology and industrial production but cannot compete with the automotive giants.
| Company | Industry | Revenue 2023 (€m) | Revenue 2022 (€m) | Employees 2023 | Headquarters |
|---|---|---|---|---|---|
| Volkswagen AG | Automobile Manufacturer | 322,284 | 279,050 | 678,825 | Wolfsburg |
| BMW AG | Automobile Manufacturer | 155,498 | 142,610 | 154,950 | Munich |
| Mercedes-Benz AG | Automobile Manufacturer | 153,218 | 150,017 | 168,336 | Stuttgart |
| Siemens AG | Industry, IT | 92,305 | 89,010 | 327,000 | Munich |
| Robert Bosch GmbH | Industry, Supplier | 91,596 | 88,201 | 429,416 | Gerlingen |
Conclusion
With revenue of over €322 billion in 2023, Volkswagen AG remains by far the highest-revenue industrial company in Germany in 2025. The group benefits from its global brand diversity, strong innovative strength, and its strategic focus on future technologies. Volkswagen thus sets benchmarks for the entire German industry and remains the flagship of German mechanical and automotive engineering.
Image source: Getty Images, 03.09.2026
Last Updated on 5 months ago
