H. Yoo
Research expert covering South Korea
ZF Friedrichshafen - statistics & facts
ZF Friedrichshafen AG is a manufacturer of various products, including transmission parts and drive axles for passenger and commercial vehicles, suspension equipment for heavy trucks, and gearboxes for wind turbines. Over the past decade, the company has emerged as a heavyweight in the automotive parts market, ranking fourth in the list of the largest automotive suppliers worldwide in terms of revenue. Between 2012 and 2023, the company tripled its revenue, from around 15.5 billion euros to some 46.6 billion euros. In 2024, the German company reported a decreased in revenue of around 11 percent, falling to 41.4 billion euros.
