Poland family business conference

German-based Bosch tops the list of largest power tool manufacturers in the world with 2018 revenue coming in at just under $89 billion. It was originally launched in Stuttgart-West as the Werkstätte für Feinmechanik und Elektrotechnik, which translates to Workshop for Precision Mechanics and Electrical Engineering. Today it stands as one of Germany’s major conglomerates, with operations divided into four business sectors: mobility solutions, industrial technology, consumer goods and energy and building technology.

Bosch’s line of power tools falls under its consumer goods division, which accounted for 23 per cent of total Bosch Group sales in 2018. The power tools division includes hammer drills, cordless screwdrivers, jigsaws, lawnmowers, hedge trimmers and high-pressure cleaners. The main brands in this division include Dremel, Siemens, Neff GmbH and Gaggenau Hausgeräte.

In total, the Bosch Group is comprised of more than 440 subsidiaries in over 60 countries worldwide. They have operations in more than 125 locations in just about every corner of the world, employing nearly 410,000 people.