Located in Central Europe, Germany has Berlin as its capital and Frankfurt as its main financial hub. Over 83 million people call Germany home, making it Europe’s third most populous country. It is the European Union’s most populous member state. As a founding member of the EU and the Eurozone, Germany has an important role to play. There are 29 of the world’s largest corporations based in Germany on the Fortune Global 500 list. In 2020, the automotive industry in Germany is expected to generate $448.43 billion in revenue, making it one of the most profitable industries in the world. In recent years, Germany has emerged as a top destination for European Union-funded venture capital firms. Known as a hotbed for new businesses, with many based in Berlin. Germany’s GDP is expected to be 70.4 percent service-based by 2020.
Insider Monkey selected these German companies based on market cap. In the ranking of the most valuable German companies, Beiersdorf AG comes in at number 15. Laboratory and Euceric are just a couple of the company’s many brand names for the personal care items they produce and sell. Nivea, the world’s best-known and most successful skincare brand, is also based here. The financial market organizer Deutsche Boerse AG deals in stocks and securities. In 2020, the company expects net revenue of $1.84 billion, up 9.8 percent from the previous year. Vonovia SE is a Germany-based residential real estate company. The company owns over 400,000 apartments in Germany, Sweden, and Austria. Vonovia is a member of the DAX 30 and STOXX Europe 600. A leading insurance and reinsurance company, Munich RE, is based in Munich, Germany. With a market cap of $39.97 billion, this company ranks 12th on our list with a profit of $1.43 billion. One of the world’s largest pharmaceutical companies, Bayer AG, is based in Germany. The majority of the company’s revenue came from pharmaceuticals. In 2020, Xarelto, a blood clot-reducing medication, is expected to generate $4.5 billion. BMW is a German automotive and motorcycle manufacturing conglomerate with a global reach. In addition to BMW, MINI, Rolls-Royce, and BMW Motorrad, it is a leading premium car manufacturer with four distinct brands. In 15 countries, it has a production network of 31 factories and assembly lines. For more details, click 15 Most Valuable German Companies.