In this article, we will be covering what companies are in basic industries. The companies mentioned make up the backbone of the economy, employ millions upon millions of people, and make up some of the most profitable companies on planet Earth.
What Are Basic Industries?
The basic industries are those that are essential to the functioning of a society or economy. They are the foundation upon which everything else is built.
In developed countries, the basic industries are typically manufacturing, agriculture, energy, construction, and transportation. These industries provide the goods and services that are necessary for everyday life.
In less developed countries, the basic industries may be limited to agriculture and mining. However, as these countries develop, other industries typically emerge.
The basic industries are important because they provide the foundation for a country’s economy. Without these industries, a country would not be able to function. They are also important because they provide employment for a large number of people. In many cases, the basic industries are the largest employers in a country.
The basic industries are also typically the most important industries in terms of a country’s exports. This is because they provide the products that other countries need in order to function. So what companies are in basic industries? Let’s take a look at the top 20 companies sorted by basic industry.
What Companies Are In Basic Industries
Below we are going to list each basic industry; what its true purpose is (outside of making a profit) and some of the biggest players when it comes to these basic industries.
1. Volkswagen Group
The Volkswagen Group is a German conglomerate that includes a number of well-known automotive brands, such as Audi, Bentley, Porsche, and Lamborghini. The company also owns Ducati and MAN Truck & Bus. The Volkswagen Group is the largest automaker in the world by sales and has its HQ in Wolfsburg, Germany.
Last year, they generated 286.9 billion dollars in revenue.
2. SAIC Motor
Founded in 2002, SAIC Motor has grown to become a major player in the global automotive market. The company produces a wide range of vehicles, including passenger cars, commercial vehicles, and trucks. SAIC Motor also manufactures engines and auto parts. The company has its HQ in China but has manufacturing sites in, India, and South Africa, and sells its products in more than 100 countries worldwide.
Last year, they generated 130.8 billion dollars in revenue.
3. Toyota Motor Corporation
Toyota is a Japanese multinational conglomerate that manufactures vehicles, engines, and auto parts. The company also has interests in robotics, artificial intelligence, and financial services. Toyota is the largest automaker in Japan and the third largest in the world by sales.
Last year, they generated 268.1 billion dollars in revenue.
4. General Electric (GE)
General Electric is an American multinational conglomerate corporation incorporated in New York and headquartered in Boston, Massachusetts. As of 2018, the company operates through the following segments: Aviation, Healthcare, Power, Renewable Energy, Digital Industry, Additive Manufacturing and Lighting. GE Aviation is among the top aircraft engine suppliers in the world.
Last year, they generated 80.4 billion dollars in revenue.
BMW is a German multinational corporation that produces luxury vehicles and motorcycles. The company was founded in 1916 as a manufacturer of aircraft engines, which it produced from 1917 until 1918 and again from 1933 to 1945. In 2015, BMW was the world’s twelfth-largest producer of motor vehicles, with 2,279,503 vehicles produced.
The company has significant motorsport history, especially in touring cars, Formula 1, sports cars and the Isle of Man TT. BMW is headquartered in Munich and produces motor vehicles in Germany, Brazil, China, India, South Africa, the United Kingdom, the United States, and Mexico.
Last year, they generated 98.686 billion dollars in revenue.
Agriculture and Energy
Oil and gas are the most important energy sources for agriculture. They are used to produce fertilizers, pesticides, and irrigation equipment. Agriculture also uses large amounts of water for irrigation. So what companies are in basic industries related to agriculture and energy?
The top agricultural energy companies are:
1. Archer Daniels Midland (ADM)
Archer Daniels Midland (ADM) is an American agricultural processing company, founded in 1902. The company is headquartered in Chicago, Illinois, and has operations in more than 170 countries. ADM produces a wide range of food products, including corn sweeteners, vegetable oils, biodiesel, ethanol, and feed additives.
The company is one of the world’s largest processors of soybeans and corn. It also manufactures wheat flour, maltodextrin, and chocolate. In fiscal year 2021, ADM had net sales of $80.3 billion.
Cargill is an American multinational corporation, founded in 1865. The company is headquartered in Minnesota, United States, and has operations in more than 70 countries. Cargill employs 150,000 people in 25 countries. The company is a producer and distributor of agricultural, food, and risk management products.
Cargill is the largest privately held company in the United States, with revenues of $107.9 billion in fiscal year 2021.
3. Bunge Limited
Bunge Limited is an American agribusiness and food company, founded in 1818. The company is headquartered in St. Louis, Missouri, and has operations in more than 40 countries. Bunge employs 32,000 people in more than 30 countries.
The company is a leading producer and processor of soybeans, corn, wheat, and rice. In the year 2021, Bunge had net sales of $60.6 billion.
4. Tyson Foods
Tyson Foods is one of the world’s largest processors and marketers of chicken, beef, and pork. The company also produces prepared foods, such as pizza crusts and frozen entrees. Tyson Foods has more than 41,000 employees and operates in more than 130 countries.
In 2021, it generated more than $40 billion in revenues. Tyson Foods is a publicly traded company, with its stock listed on the New York Stock Exchange.
5. Tate & Lyle
Tate & Lyle is a British company that produces food ingredients and speciality sugars. The company was founded in 1878, and today it has more than 8,000 employees worldwide. Tate & Lyle’s products are used in a variety of foods, including baked goods, cereal, dairy products, and snacks. The company is also involved in the production of biofuels.
In 2021, it generated a revenue of £3.75 billion.
The construction industry is a critical sector of the economy. It is responsible for the construction of residential and commercial buildings, roads, bridges, and other infrastructure. The construction industry is also a major employer, with more than 7 million people working in the United States alone.
Wondering what companies are in basic industries related to construction?
The top construction companies are:
1. Bechtel Corporation
Bechtel Corporation is an American engineering, procurement, and construction company, founded in 1898. The company is headquartered in San Francisco, California, and has operations in more than 50 countries. Bechtel employs 54,000 people worldwide.
Bechtel has been involved in the construction of some of the world’s most iconic projects, including the Hoover Dam, the Golden Gate Bridge, and the Trans-Alaska Pipeline. In 2021, Bechtel generated revenues of $20.8 billion.
2. Fluor Corporation (FLR)
Fluor Corporation is a diversified engineering, construction and maintenance company that supports clients in the energy, chemicals, government and other industries. It operates through four segments: upstream, downstream oil & gas, chemicals & refining and industrial & infrastructure.
The company’s shares have gained 33.7% in the past year.
In 2021, Fluor generated revenues of $14.16 billion.
3. Jacobs Engineering Group Inc. (JEC)
Jacobs Engineering Group Inc. is a publicly traded engineering and construction company headquartered in Dallas, Texas. The company was founded in 1947 by Joseph Jacobs.
It is one of the largest engineering companies in the world with over 74,000 employees in 400 locations across 30 countries. The company’s services include project management, engineering, construction, operations and maintenance, scientific and specialty consulting.
In 2021, they generated revenue of $15.1 billion.
4. AECOM (ACM)
AECOM is a publicly traded engineering, architecture, and construction company headquartered in Los Angeles, California. The company was founded in 1990 by merger of three engineering companies.
It is one of the largest engineering companies in the world with over 87,000 employees in 150 countries. The company’s services include consulting, design, engineering, and construction management.
In 2021, they generated revenue of $20.2 billion.
5. Bechtel Corporation (BEC)
Bechel Corporation is a privately held engineering, construction, and project management company headquartered in San Francisco, California. The company was founded in 1898 by Warren A. Bechtel.
They are one of the largest engineering companies in the world with over 53,000 employees in 50 countries. The company’s services include infrastructure, mining, oil and gas, power, and water projects.
In 2021, they generated revenue of $18.5 billion.
The transportation industry is responsible for the movement of people and goods. It includes a variety of sub-industries, such as automotive, aviation, maritime, and railway. The transportation industry is a critical driver of economic growth. Let’s talk about what companies are in basic industries when it comes to transporation.
The top transportation companies are:
1. General Motors Company (GM)
General Motors Company is an American multinational corporation headquartered in Detroit, Michigan. The company designs, manufactures, markets, and distributes vehicles and vehicle parts.
In 2021, they generated $104.6 billion in revenue and employed over 180,000 people.
2. Ford Motor Company
Ford Motor Company’s history dates back to 1903, when Henry Ford founded the company as the Ford Motor Company. The company’s first car, the Model A, was released in 1908. In 1919, Ford became the first automaker to produce a car with a V8 engine.
Ford is best known for its popular cars such as the Ford Mustang and the F-Series trucks. The company also manufactures commercial trucks, SUVs, and vans.
Today it is a multinational corporation headquartered in Detroit, Michigan. The company designs, manufactures, markets, and distributes vehicles and vehicle parts.
In 2021, Ford Motor Company generated $154.8 billion in revenue and employed over 202,000 people. The company is the second-largest automotive company in the world after General Motors.
3. Daimler AG
Daimler AG is a German multinational automotive corporation headquartered in Stuttgart, Baden-Württemberg. The company was founded in 1926 by Gottlieb Daimler and Karl Benz.
Daimler is best known for its luxury cars such as the Mercedes-Benz and Maybach brands. The company also manufactures commercial vehicles, buses, and trucks.
In 2021, Daimler AG generated $183.6 billion in revenue and employed over 285,000 people. The company is the third-largest automotive company in the world after General Motors and Volkswagen Group.
4. Uber Technologies Inc.
Uber Technologies Inc. is an American multinational transportation network company headquartered in San Francisco, California. The company was founded in 2009 by Travis Kalanick and Garrett Camp.
Uber is best known for its ride-hailing app, which allows users to request and pay for rides from drivers. The company also offers a food delivery service, Uber Eats, and a scooter rental service, Jump.
In 2021, Uber Technologies Inc. generated $25.2 billion in revenue.
5. Toyota Motor Corporation
Toyota Motor Corporation is a Japanese multinational automotive manufacturer headquartered in Toyota, Aichi, Japan. The company was founded in 1937 by Kiichiro Toyoda.
Toyota is best known for its cars such as the Camry and Corolla. The company also manufactures commercial vehicles, SUVs, and vans.
In 2021, Toyota Motor Corporation generated $274.5 billion in revenue.
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Summary: What Companies Are In Basic Industries?
As you can see, there are several different basic industries ranging from manufacturing, energy, agriculture, construction and transportation. This article listed 20 companies in basic industries, many of which you probably know or even use on a daily basis.