The German economy primarily deals with processing. One of the main industrial areas in western Germany is the Ruhr District in North Rhine-Westphalia, which is the traditional center of German steel, coal, and heavy industry. Several of the large cities have a high concentration of industry, Munich, Hanover, Stuttgart, and Frankfurt am Main. Chemical production regions stretch mostly along the Rhine River in Baden-Wurttemberg and farther north. The automotive manufacturing centers are in southern Germany in Baden-Wurttemberg and Bavaria.
Aerospace opportunities in Germany are sky-high since aircraft production is on the upswing. Germany is also a rapidly expanding market in the Business Process Outsourcing/Shared Service Center industry. The “Silicon Saxony” region has excelled as one of the top five semiconductor clusters worldwide, and the electronics industry stands in first place for European semiconductor and display market size.
Thirty-seven of the world’s Fortune 500 companies have headquarters in Germany. In addition, around one thousand of Germany’s small and medium sized companies are tagged “hidden champions,” and are international market leaders in their respective industries.
The most significant players in the German market are: Volkswagen, E.ON, Daimler, AXA, Allianz, Siemens, BASF, BMW, Audi, Porsche, Adidas, Metro, Munich Re, Bosch, Deutsche Telekom, Deutsche Post, Deutsche Bank, ThyssenKrupp, RWE, Landesbank Baden-Wurttemberg, Deutsche Bahn, Bayer, Continental, Lufthansa, Franz Haniel & Cie, Heraeus, DZ Bank, Edeka, Phoenix Pharmahandel, Commerzbank, EnBW, Marquard & Bahls, Fresenius, KfW, and Bertelsmann.