Published on 9 Mar 2024 on Insider Monkey via Yahoo Finance
Top 20 Most Valuable German Companies
In this article, we will be looking at the top 20 most valuable German companies. If you want to skip our analysis of the German market, you can skip ahead to the Top 5 Most Valuable German Companies.
Which Industries Drive the German Economy?
Germany's economy thrives due to the country's geographical significance in Europe for trade and also because the country dominates several global industries. The German automotive, chemical, mechanical engineering and electrical industries are the backbone of the country's economy. The German automotive industry is the most integral industry for the country's economy, out of the top 75 automotive manufacturers in the world, 15 are German companies. According to a report by AutoVista, January 2024 was the best opening for the German automotive market since 2020. Sales increased 19.1% compared to last year. The report forecasts 2.88 million new automobiles to be manufactured and distributed by the German automotive industry by the end of 2024.