Top 10 Largest Manufacturing Companies in Sweden

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Sweden is a country with a thriving manufacturing industry, producing a wide range of goods that are exported all over the world. Sweden's manufacturing ... read more...

  1. Top 1

    Volvo Group

    The Volvo Group is a multinational manufacturing company based in Gothenburg, Sweden. While its primary business is the manufacture, distribution, and sale of trucks, buses, and construction equipment, Volvo also offers marine and industrial drive systems, as well as financial services. With its subsidiary Volvo Trucks, it was the world's second-largest maker of heavy-duty trucks in 2016.


    Volvo Cars, situated in Gothenburg, was a subsidiary of AB Volvo until 1999 when it was sold to Ford Motor Company. Volvo Cars has been owned by the automotive firm Geely Holding Group since 2010. AB Volvo and Volvo Cars both use the Volvo logo and work together to run the Volvo Museum in Sweden.


    Volvo was founded in 1915 as a subsidiary of SKF, a ball bearing manufacturer; nevertheless, both the Volvo Group and Volvo Cars consider the launch of the company's first automobile series, the Volvo V 4, on 14 April 1927, to represent the start of their careers.


    As one of the largest manufacturing companies in Sweden, the Volvo Group is a global leader in the production of trucks, buses, construction equipment, and marine and industrial engines. Volvo, Volvo Penta, Rokbak, Renault Trucks, Prevost, Nova bus, Mack, and Arquus are among the company's brands. They have affiliations and collaborative ventures with SDLG, Eicher, and Dongfeng.


    Founded: 1927

    Headquarters: Gothenburg, Sweden

    Website: https://www.volvogroup.com/en/

    Photo on needpix (https://www.needpix.com/photo/322257/volvo-museum-port-goth)enburg-sweden-aida
    Photo on needpix (https://www.needpix.com/photo/322257/volvo-museum-port-goth)enburg-sweden-aida
    Volvo Group Videos

  2. Top 2

    Essity

    Essity is a global hygiene and health corporation based in Stockholm, Sweden. Tissue paper, infant diapers, feminine care (menstrual pads, etc.), incontinence goods, compression treatment, orthopedics, and wound care are among the products in the portfolio.


    The words "essentials" and "necessities" inspired the name Essity. Well-being is defined by hygiene and health. As a leading worldwide hygiene and health firm, they provide goods and services that make a difference in people's lives on a daily basis.


    Essity is traded on Nasdaq Stockholm and has a market capitalization of SEK 192 billion as of December 31, 2022. The top global brands TENA and Tork, as well as other strong names such as Actimove, JOBST, Knix, Leukoplast, Libero, Libresse, Lotus, Nosotras, Saba, Tempo, TOM Organic, Vinda, and Zewa, are sold in over 150 countries.


    Longer life expectancy, higher living standards, and more knowledge of hygiene and health all contribute to Essity's future growth. The emphasis is on growth inside high-margin categories and related product areas, both organically and through acquisitions. Essity tries to grow sales in new regions where hygiene and wellness products are becoming more popular. Successful innovations, digital transformation, robust e-commerce growth, industry-leading sustainability efforts, efficiency improvements, and a winning culture all contribute to greater customer and consumer value and profitable growth.


    Essity pursues global and local activities to raise cleanliness and health awareness and standards. Essity provides knowledge and promotes public conversation around menstruation, incontinence, hand hygiene, lymphedema, and menopause by gathering insights, sharing experiences, and collaborating with other groups.


    Founded: 2017
    Headquarters: Stockholm, Sweden
    Website: https://www.essity.com/

    Photo by Renatapiza on Wikimedia Commons (https://commons.wikimedia.org/wiki/File:FachadaFabricaJarinu.jpg)
    Photo by Renatapiza on Wikimedia Commons (https://commons.wikimedia.org/wiki/File:FachadaFabricaJarinu.jpg)
  3. Top 3

    Electrolux

    Electrolux, headquartered in Stockholm, is a Swedish multinational home appliance manufacturer. It is consistently recognized as the world's second largest appliance manufacturer by unit sales, after only Whirlpool.


    Electrolux goods are mostly major appliances and vacuum cleaners intended for home consumer use and are sold under a variety of brand names (including its own). Electrolux is a constituent of the OMX Stockholm 30 index and has its principal listing on the Stockholm Stock Exchange.


    Electrolux improves people's lives by innovating taste, care, and well-being experiences, making life more joyful and sustainable for millions. As a major worldwide appliance company, they put the customer first in all they do. Every year, they sell more than 60 million household and commercial goods in more than 150 markets through its brands, which include Electrolux, AEG, Anova, Frigidaire, Westinghouse, and Zanussi. Electrolux generated sales of SEK 122 billion in 2017 and employed 56,000 people worldwide.


    Refrigerators, freezers, ovens, cookers, hobs, hoods, microwave ovens, dishwashers, washing machines, tumble dryers, vacuum cleaners, air conditioners, air purifiers, and small domestic appliances are among the Group's products. The Electrolux Group is organized into three divisions: Consumer Experience & Product Lines, Commercial & Consumer Journey, and Operations. The four Business Areas reporting to the Commercial & Consumer Journey Director are as follows: Europe, North America, Latin America, Asia-Pacific, the Middle East, and Africa are all represented.


    Founded: 1919

    Headquarters: Stockholm, Sweden

    Website: https://www.electrolux.vn/en-vn/

    Photo by I99pema on Wikimedia Commons (https://commons.wikimedia.org/wiki/File:Electrolux,_Headquarters_in_Stockholm_03.jpg)
    Photo by I99pema on Wikimedia Commons (https://commons.wikimedia.org/wiki/File:Electrolux,_Headquarters_in_Stockholm_03.jpg)
    Electrolux
  4. Top 4

    Atlas Copco Group

    Atlas Copco (Compagnie Pneumatique Commerciale, Copco) is a Swedish multinational industrial company founded in 1873. This multinational industrial corporation is headquartered in Stockholm, Sweden, and has customers in over 180 countries and about 49 000 workers.


    The Atlas Copco Group is a multinational industrial conglomerate headquartered in Nacka, Sweden. In 2019, global revenues totaled SEK 104 billion, and the company employed around 38,774 individuals at the end of the year. Atlas Copco firms create, manufacture, service, and rent industrial tools, air compressors, and construction and assembly systems. Compressor Technology, Vacuum Technology, Power Technology, and Industrial Technology are the four divisions of the Group.


    The Atlas Copco Group achieves long-term achievements while being economically, ecologically, and socially responsible. Their inventive goods and solutions enable everything from food production to space exploration, thereby enhancing people's lives worldwide. They are technological and engineering pioneers, with skills relied on by all industries around the world. Their market-leading technologies, solutions, and services help customers assure dependable operations, optimize productivity, cut costs, lower CO2 emissions, and accomplish their own sustainability goals.


    Atlas Copco has four main business areas as of 2017. These are Compressor Technology, Vacuum Technology, Industrial Technology, and Power Technology. They are all concerned with the design, manufacture, and marketing of a wide range of products for various industry segments.


    Founded: 1873
    Headquarters: Nacka, Sweden
    Website: https://www.atlascopco.com/

    Photo by Mailtosap on Wikimedia Commons (https://commons.wikimedia.org/wiki/File:Kombiwalze_Atlas_Copco.JPG)
    Photo by Mailtosap on Wikimedia Commons (https://commons.wikimedia.org/wiki/File:Kombiwalze_Atlas_Copco.JPG)
    Atlas Copco Group
  5. Top 5

    SSAB

    SSAB, one of the largest manufacturing companies in Sweden, is a manufacturing company founded in 1978 that specializes in raw material processing for steel production. Aktiebolag Industrivärden and the Finnish government are the major shareholders. SSAB is a specialty steel producer. They only produce steel grades with properties that are fine-tuned to make applications stronger, lighter, safer, easier to produce, more long-lasting, fuel efficient, and sustainable – all based on what is most important to the users.


    The headquarters are located in the heart of Stockholm. SSAB initially saw losses from 1978 to 1981 before turning profitable in 1982. It manufactures steel and steel products that are both standardized and specialized for various fields and uses. In addition to steel production, the company collaborates with design firms on architectural projects.


    As a specialized manufacturer for the high-end steel industry, SSAB has a strong position. Their financial goal is to achieve industry-leading profitability when compared to a number of other significant steel companies.


    There are numerous career opportunities at SSAB in steel manufacturing, finance, research, environmental issues, marketing, business development, and human resources. They seek to be the world's first fossil-free steel manufacturer. Their vision is at the heart of everything they do. They are working to make the planet a stronger, lighter, and more sustainable place. For both the corporation and its consumers, sustainability is a critical business driver.


    Founded: 1978

    Headquarters: Stockholm, Sweden

    Website: https://www.ssab.com/en

    Photo by saweang on Pixabay (https://pixabay.com/photos/construction-steel-steel-bar-1733848/)
    Photo by saweang on Pixabay (https://pixabay.com/photos/construction-steel-steel-bar-1733848/)
    SSAB
  6. Top 6

    Scania CV

    Scania, located in Södertälje, is a significant Swedish manufacturer specializing in commercial vehicles, specifically large lorries, trucks, and buses. It also produces diesel engines for heavy vehicles, maritime uses, and general industrial applications.


    Scania was created in 1911 by a merger of Södertälje-based Vabis and Malmö-based Maskinfabriks-aktiebolaget Scania. Following the merger in 1912, the company was relocated to Södertälje. Scania now has manufacturing plants in Sweden, France, the Netherlands, Thailand, China, India, Argentina, Brazil, Poland, Russia, and Finland. There are further assembly plants in 10 countries across Africa, Asia, and Europe. Scania's sales and service organization, as well as its financial firms, are global. The corporation employed around 42,100 workers worldwide in 2012.


    As one of the largest manufacturing companies in Sweden, Scania is a global leader in transportation solutions, comprising trucks and buses for heavy transport applications and a comprehensive product-related service offering. Scania provides customers with vehicle financing, insurance, and rental services, allowing them to focus on their primary business. Scania is also a major manufacturer of industrial and marine engines. Scania is a global transportation solutions supplier with 54,000 employees in over 100 countries. They spearhead the transition to a more sustainable transportation system in collaboration with partners and customers.


    Founded: 1911
    Headquarters: Södertälje, Sweden
    Website: https://www.scania.com/

    Photo by Herranderssvensson on Wikimedia Commons (https://commons.wikimedia.org/wiki/File:Scania_L320.jpg)
    Photo by Herranderssvensson on Wikimedia Commons (https://commons.wikimedia.org/wiki/File:Scania_L320.jpg)
    Scania Trucks & Buses
  7. Top 7

    Sandvik

    Sandvik is a Swedish international engineering business that specializes in mining, rock excavation, rock drilling, rock processing (crushing and screening), metal cutting, and machining equipment and services. In 1862, the corporation was created in Gävleborg County, Sweden. It had roughly 40,500 employees and a revenue of 112 billion SEK in 2022, with sales in approximately 150 countries.


    Sandvik is a global high-tech engineering business that provides solutions to the manufacturing, mining, and infrastructure industries to improve productivity, profitability, and sustainability.


    In 2022, the group had roughly 40,000 workers, sales in around 150 countries, and continuing operations revenues of approximately SEK 112 billion. Their offerings span the whole customer value chain and are based on significant investments in R&D, customer insights, and an in-depth understanding of industrial processes and digital solutions.


    They are world leaders in the following fields: Equipment and tools, service, digital solutions and sustainability-driving technologies for the mining and infrastructure industries, such as automated and electric mining equipment and eco-efficient rock processing, metal-cutting tools, tooling systems and digital solutions driving higher efficiency and automation in component manufacturing, as well as industrial metrology technologies, additive manufacturing services and metal powder.


    Founded: 1862

    Headquarters: Stockholm, Sweden

    Website: https://www.home.sandvik/en/

    Photo by Kelapstick on Wikimedia Commons (https://commons.wikimedia.org/wiki/File:Sandvik_LH517_LHD.JPG)
    Photo by Kelapstick on Wikimedia Commons (https://commons.wikimedia.org/wiki/File:Sandvik_LH517_LHD.JPG)
    Sandvik
  8. Top 8

    Autoliv

    Autoliv is a Swedish automotive security supplier with global sales to all major car manufacturers. Through joint ventures, Autoliv employs about 68,000 people in 27 countries, including 5700 in research, development, and engineering. The company is one of the world's major Tier 1 automotive suppliers, with annual revenues of over USD 8 billion, and is a member of the Fortune 500, ranking #289 in 2018.


    Autoliv is based in Stockholm, Sweden. Autoliv, Inc. is incorporated in the state of Delaware, USA. The corporation's stock is traded on the New York Stock Exchange, and its Swedish Depository Receipts are traded on the Nasdaq Stockholm. Autoliv is the world's leading manufacturer of automotive safety systems.


    They develop, manufacture, and market protective systems such as airbags, seatbelts, and steering wheels for all major vehicle manufacturers across the world, as well as mobility safety solutions, through their group companies. Autoliv challenges and redefines mobility safety standards to deliver leading solutions sustainably. By 2022, their products will have saved about 35,000 lives and prevented over 450,000 injuries.


    Their 69,100 associates in 27 countries are committed to their vision of Saving More Lives, and quality is central to everything they do. With its 20 test tracks, Autoliv drives innovation, research, and development at its 14 technical centers.


    Founded: 1997
    Headquarters: Klarabergsviadukten 70, Stockholm, Sweden
    Website: https://www.home.sandvik/en/

    Photo on prochoicesafetygear (https://prochoicesafetygear.com/ppe/blog/ohs/safety-guide-automotive-mechanic-workshops/)
    Photo on prochoicesafetygear (https://prochoicesafetygear.com/ppe/blog/ohs/safety-guide-automotive-mechanic-workshops/)
    Autoliv
  9. Top 9

    Volvo Trucks

    Volvo Trucks is a Swedish truck manufacturing division situated in Gothenburg. Volvo Trucks was a separate division of Volvo. On January 1, 2012, the Volvo Group was reorganized, and as part of that process, Volvo Trucks ceased to exist as a separate company and was instead absorbed into Volvo Group Trucks, along with Volvo's other truck operations, such as Renault Trucks and Mack Trucks.


    The first Volvo truck came off the assembly lines in 1928, and in 2016, Volvo Trucks employed over 52,000 people worldwide. Volvo produces and assembles its trucks in eight completely owned assembly plants and nine factories owned by local interests, with its worldwide headquarters in Gothenburg, Sweden. Volvo Trucks manufactures and sells over 190,000 units per year.


    They are determined to lead the way and address global transportation concerns. They strive for a better everyday life for people in both urban and rural locations by utilizing their innovative power and partnering with other stakeholders in society. They explore how to lessen climate effects, use the world's resources more efficiently, and conduct business more responsibly in all of their acts. Climate, Resources, and People are central to the Volvo sustainability framework.


    Founded: 1928

    Headquarters: Gothenburg, Sweden

    Website: https://www.volvotrucks.com/en-en/

    Photo by Klodo6975 on Wikimedia Commons (https://commons.wikimedia.org/wiki/File:VolvoTrucks1030740.JPG)
    Photo by Klodo6975 on Wikimedia Commons (https://commons.wikimedia.org/wiki/File:VolvoTrucks1030740.JPG)
    Volvo Trucks
  10. Top 10

    SKF

    SKF (Swedish Ball Bearing Factory) is a Swedish bearing and seal manufacturer that was founded in 1907 in Gothenburg, Sweden. Bearings, seals, lubrication and lubrication systems, maintenance goods, mechatronics products, power transmission products, condition monitoring systems, and related services are all manufactured and supplied globally by the company.


    SKF's development is an important aspect of the Swedish and global machine industry's development. Following the invention of the spherical ball bearing by engineer Sven Wingquist, SKF is founded in Gothenburg in 1907 with the initial capital and startup project for ball bearing manufacturing of Gamlestadens Fabriker AB, under the guidance of co-owners and board members Axel Carlander and Knut Johansson Mark.


    SKF is the world's largest bearing manufacturer, with 44,000 employees spread across 108 manufacturing facilities. It is the industry's largest industrial distributor network, with 17,000 distributor locations spanning 130 countries. SKF is one of Sweden's largest enterprises and one of the world's largest public companies.


    Bearings and Units, Mechatronics, Lubrication Systems, Services, and Seals are the five technology platforms that SKF distributes goods under. The Group has a global certification to ISO 14001 (environmental management system), ISO 50001 (energy management), and OHSAS 18001 (health and safety) standards. Its activities are also accredited to ISO 9001 or applicable customer industry standards for quality management systems, such as ISO/TS 16949 (automotive), AS9100 (aviation), or IRIS (railway).


    Founded: 1907
    Headquarters: Gothenburg, Sweden

    Website: https://www.skf.com/se

    Photo by Hesekiel on Wikimedia Commons (https://commons.wikimedia.org/wiki/File:Headquarters_of_SKF.jpg)
    Photo by Hesekiel on Wikimedia Commons (https://commons.wikimedia.org/wiki/File:Headquarters_of_SKF.jpg)
    SKF Group



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