The manufacturing industry, in general, is a globally competitive sector making significant contributions to GDP. Having said that, USA’s developed infrastructure makes it a varied hub for producing goods and supporting stocks for other industries.
Nearly 11 percent of the US economy comprises the manufacturing industry. In such a scenario, it is imperative to understand the top 10 manufacturing companies in USA. Thus, the following sections of this article list the manufacturing companies in the USA ruling the sector.
An overview of the manufacturing sector in the US
There is no denying that the United States is known for having the most robust manufacturing industry across the globe. In addition to supporting large sectors like automotive and aircraft, it is also making a mark in consumer products.
The list of manufacturing companies in USA showcases a variety of backgrounds such as chemical, telecommunications, food processing, electronics, and mining. Thus, speaking of numbers, the US contributed 2.25 trillion USD to the economy. Additionally, the industry employs nearly 12.5 million people accounting for 8.5 percent of the entire human resource.
The article will discuss the top 10 manufacturing companies in US and their details. Keep reading and make yourself aware!
General Motors Co
One of the largest automakers in the US, General Motors Co. operates in more than 35 countries. With the employment of more than 1,80,000 people, the company generates an annual revenue of $52 billion. It has consistently dominated automotive manufacturing because of its vast network in 400 locations.
General Motors is one of the top 10 manufacturing companies in the USA because they produce more than 9 million cars annually. These cars belong to four subsidiaries of the company, such as GMC, Cadillac, Buick, and Chevrolet.
Boeing is one of the constant names in the list of manufacturing companies in USA. It is a prominent producer of several commercial jet companies, defense, and space technologies. In addition to this, the company also produces military airplanes, missiles, and satellites.
With an impressive technology stack, its other services from Boeing includes electronic systems, defense systems, and sophisticated information and communication system. Moreover, the company’s knowledge base allows them to deliver performance-based training to multiple airlines and the US government.
Patrick industries are one of the largest manufacturers of housing components and structures. They are known for supplying these components to RV and the marine industry.
After understanding the great demand for housing products, they have expanded the product varieties of the company. As a result, the company produces decorative panels, cabinet doors, moldings, bathroom products, electrical systems, and much more. With 33% revenue growth and a 5.24% profit margin, they stand in the top 5 in the list of manufacturing companies in USA.
Pilgrim’s Pride Corp
This manufacturing company is based in Pittsburg, Texas, and is known for producing meat-based products. Since the market for meat-based products, especially chicken, is vast, they have managed to maintain a revenue growth of 35.77%. The company also has a profit margin of 6.67%, making them quite profitable for the industry.
Regarding the type of product, they specialize in live, raw, and frozen chicken products. These products are fit for retailers and food chains, with a good focus on direct consumers. One can also find ready-to-cook chicken products among their offerings.
Microsoft is a global name with a brand authority of its own. Headquartered in Redmond, Washington, they are leaders in manufacturing operating systems, servers, and business solution programs.
Their constant innovation and research team make them a part of the top 10 manufacturing companies in the US every year. As far as the products are concerned, they produce server administration tools, video games, entertainment consoles, and smart devices on a large scale.
The company’s CEO, Satya Nadella, has been working hard to achieve a profit margin of 23.57% with revenue growth of 5.43%.
Apple Inc. is one of the leading American multinational businesses based in Cupertino, California. They are a global brand and one of the top electronic brands innovating the technology business.
The company employs over 123,000 people and owns more than 500 retail outlets across the globe. Best-selling products like iPad tablet, iPod media player, iPhone smartphone, and apple watch have made it one of the top 10 manufacturing companies in US.
Valero Energy Corp
This company has headquarters in San Antonio, Texas, and is a global leader in manufacturing transportation fuels. The product also includes petrochemicals and coal products. They have an independent petroleum refinery and ethanol production unit in Canada and United Kingdom.
With a vast production capacity of 3.1 million barrels daily, they stand on top of the list of manufacturing companies in the USA. Additionally, they have maintained a consistent revenue growth of 24.22%, which makes them the top 10 manufacturing companies in USA. They employ 10,000 people across 7400 locations, significantly contributing to the country’s GDP.
Exxon Mobil Corp
This is one of the global market’s biggest oil and gas firms. The core business of Exxon Mobil is crude oil and natural gas production. Moreover, the significant services also include exploration, transportation, and sale.
The company manufactures and markets commodity petrochemicals and products like olefins, polypropylene plastics, and aromatics. With a profit margin of 25.22%, the company has reached a revenue growth of 8.92%.
General Electric Co
General Electric is not just one of the top 10 manufacturing companies in USA but also the largest manufacturer in the world. The company has its headquarters in Boston, Massachusetts, and works in multiple segments.
They are primarily associated with healthcare, renewable energy, venture capital, aviation, and electricity. In addition, the company also contributes to other sectors like lighting, oil and gas, and transportation.
Phillips 66 is a diversified manufacturing company with more than 14,500 human resources globally. The company is primarily into energy production and logistics corporation with its headquarters in Houston, Texas.
Renowned scientists have worked with the company to develop sustainable materials that are still in use. The core business activity includes refining, midstream, marketing, and chemical production.
While the individual revenue contribution by these top 10 manufacturing companies in USA might be low, the collective contribution is enormous. These companies have sales of millions and are growing consistently.
Thus, it is vital to know the current status of these top manufacturers and make business moves accordingly.