Top 10 European Automotive Suppliers in 2021 by Revenue

BASF SE, Robert Bosch GmbH, Continental AG, ThyssenKrupp AG, and ZF Friedrichshafen AG are the top 5 automotive suppliers' companies of Europe in 2021 by revenues. Collectively, the top 10 Europe based Automotive Supplier companies generated revenue of $406,366 million where BASF SE was the highest ($92,938 million), followed by Robert Bosch GmbH ($81,505 million), and Johnson Matthey Plc had the lowest revenue ($20,101 million) with average revenue growth of 13.3%. None of the companies had a revenue decline in 2021, with the highest revenue growth registered by BASF SE (32.9%), followed by Compagnie Generale des Etablissements Michelin (20.6%), while the lowest revenue growth was registered by Johnson Matthey Plc (3.8%). In terms of the geographic split, 6 out of 10 companies are based in Germany, while 2 were based in France, and the remaining 2 were based in Ireland and the United Kingdom. They employed a total number of 1,227,527 people in 2021. BASF SE is the leading automotive supplier based in Europe by revenue in 2021. The company reported revenues of $92,938 million for the fiscal year ended December 2021 (FY2021), an increase of 32.9% over 2020, owing to growth in sales volumes and raising product prices by 25%. The company focuses on developing innovative processes, products, and technologies for a sustainable future. It has academic research alliances with approximately 250 universities and bundled partnerships with numerous research groups. BASF also supplies basic chemicals and intermediates to other segments. It serves customers mainly from the plastics and chemical industries. The company has three global research divisions including Process Research & Chemical Engineering (Germany), Advanced Materials & Systems Research (China), and Bioscience Research (the US). BASF employs a total of 110,828 people in 2021. Robert Bosch GmbH is one of the leading companies in automotive supplier based in Europe by revenue in 2021. The company reported revenues of $81,504.74 million for the fiscal year ending 2021 (FY2021). It is a provider of technology products and services. It provides automotive and other consumer products. The company offers IoT solutions for smart homes, connected mobility, smart cities and connected manufacturing. Bosch has expertise in sensor technology, software and services. They also offer household appliances through their joint venture, BSH Bosch und Siemens Hausgerate GmbH. It includes washing machines, dryers, freezers, refrigerators, vacuum cleaners and dish washers. Its major brands include Gaggenau, Constructa, Neff, Zelmer, Balay, and Pitsos. The revenue grew 5.1% YoY and recorded a CAGR of 2.3% during 2018-20. The segment accounted for 26.1% of the company's revenue in FY2020.