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10 Largest U.S. Manufacturing Companies

Posted by IndustrySelect on Monday, February 10, 2020

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5 MIN. READ

For as long as the U.S. has been an independent country, manufacturing has been a staple of its commerce. Although U.S. manufacturing as a whole has faced a slew of challenges in recent years, the industry remains a core element of the country's economy.

In 1970, the manufacturing industry accounted for 24.3% of U.S. Gross Domestic Product (GDP). That's double what it was in 2018.

While the U.S. is still the largest manufacturer in the world (accounting for 18.2% of the world's goods), the gap between it and other countries is closing fast.

China manufactured 17.6% of the world's products, making it a close second.

Multiple factors play into the decline of the U.S. manufacturing industry. Other countries - particularly in the Asian market - have fewer worker protections and corporate taxes, making manufacturing in those countries far cheaper than manufacturing in the U.S.

Additionally, a global move toward a service-based economy has eliminated many manufacturing positions. At the same time, a lack of workers exists to supply other positions not absorbed by technologies like automation or the internet of things (IoT).

Finally, President Donald Trump's negation of free-trade agreements and tariffs has cost specific industries integral to the manufacturing industry, such as steel, billions of dollars.

Despite these factors, U.S. manufacturing is by no means dying. How manufacturers account for these trends will determine the strength of the industry in the coming years.

These are the 10 companies, based on number of employees

Largest U.S. Manufacturing Companies 

CompanyPhysical CityPhysical StateEmployees
Huntington Ingalls IndustriesNewport NewsVA21,800
Intel Corp.HillsboroOR19,300
Boeing Commercial Airplane Co.EverettWA18,560
Lockheed Martin Aeronautics Co.Fort WorthTX16,400
FCA US, LLCAuburn HillsMI15,000
Boeing Co., TheSt. LouisMO14,000
Electric Boat Corp.GrotonCT12,000
Ingalls Shipbuilding, Inc.PascagoulaMS11,500
Intel Corp.ChandlerAZ11,300
BMW Mfg. Co., LLCGreerSC11,000

About the Largest U.S. Manufacturing Companies. 

1: Huntington Ingalls Industries

Huntington Ingalls is the largest shipbuilder and provider of governmental sea-based products in the U.S., handily earning it a spot on this list.

The company's commitment to innovation and modern design has set it apart from competitors, and its support and supply of the U.S. Navy make it a key player on the global stage.

2: Intel Corp.

Intel is known around the world as a relentlessly inventive enterprise that continually pushes the boundaries of technology.

Intel's latest breakthroughs in 5G technology - emerging as one of the most important technology trends of 2020 - continue to make it a standout enterprise.

3: Boeing Commercial Airplane Co.

Boeing is in a precarious position lately, with revelations about its lagging safety precautions and protocols severely damaging the company's image.

Despite this setback, the famous aircraft manufacturer continues to be a massive success on both national and international levels.

4: Lockheed Martin Aeronautics Co.

Who hasn't heard of Lockheed Martin? Famous for pushing the boundaries of aircraft and maritime manufacturing, particularly militarily, the company remains integral to the U.S. manufacturing industry.

5: FCA US, LLC

This automotive manufacturer alliance broke ground when it was established, and continues to be integral to U.S. automotive manufacturing today.

The FCA's recent focus on creating affordable, climate-conscious vehicles has placed it at the forefront of its industry.

6: The Boeing Co.

Boeing makes our list again, this time with an added emphasis on the company's overall contributions to defense and aeronautics, not just its aircraft manufacturing wing. Its yearly sales revenue of over $13 billion tops this list.

7: Electric Boat Corp.

Owned by General Dynamics, Electric Boat Corp. is focused on creating the most modern, effective submarine systems. Its products are used both commercially and by the U.S. Navy.

8: Ingalls Shipbuilding, Inc.

Ingalls is owned by Huntington and act's as the company's military-specific shipbuilding arm. With clients such as the U.S. Navy, Coast Guard and Marines, this company is best-in-class in every way.

9: Intel Corp.

Intel's second headquarters in Chandler, Ariz., is large enough to get the company on this list twice, further marking its continued dominance of the U.S. technology industry.

10: BMW Mfg. Co., LLC

When hasn't BMW been a standout automotive manufacturer in the U.S.? The company continues its dominance to this day and is only outpaced by the automotive manufacturing alliance that constitutes the FCA.

Rich Insights & Lucrative Leads from MNI

We hope you've enjoyed this rundown of the U.S. manufacturing industry at large and its most dominant players. As compilers and publishers of U.S. manufacturing data since 1912, MNI has been in close contact with the nation’s manufacturers for more than 100 years, providing insight and vital information on the nation’s industrial sector. MNI's IndustrySelect subscription service provides comprehensive profiles of more than 500,000 industrial businesses and one million executives, providing vital information for industrial prospecting, sales, marketing and business development. If you're looking to make more sales in the industrial world, try out a free demo of IndustrySelect

IndustrySelect

 Article Sources:

https://www.thebalance.com/u-s-manufacturing-what-it-is-statistics-and-outlook-3305575
https://www.epi.org/publication/the-manufacturing-footprint-and-the-importance-of-u-s-manufacturing-jobs/
https://www2.deloitte.com/us/en/insights/industry/manufacturing/manufacturing-skills-gap-study.html?mod=djemRTE_h
https://rsmus.com/what-we-do/industries/industrial-products/5-manufacturing-trends-to-watch-in-2020.html
https://reason.com/2019/12/27/trumps-trade-war-has-hurt-american-manufacturers-more-than-it-helped-them/
https://www.huntingtoningalls.com/who-we-are/
https://www.intel.com/content/www/us/en/company-overview/company-overview.html
https://www.boeing.com/commercial/
https://www.lockheedmartin.com/en-us/index.html
https://autoalliance.org/
http://www.gdeb.com/
https://ingalls.huntingtoningalls.com/
https://www.bmwgroup-plants.com/spartanburg/en.html

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