The total value of the top 50 German brands now reaches $407 billion. As the ranking continues to demonstrate sustained growth, each brand has increased its value by an average of +2.3% or $528 million, outperforming the Global Top 100 Most Valuable Brands and other notable BrandZ rankings, including China, India, Japan and the UK.

Highlights from this report, which is based on the opinions of more than 96,600 respondents about 2,004 brands across 160 categories, reveal:

Telekom remains Germany’s most valuable brand, worth almost $74 billion, as reported by Frankfurter Allgemeine Zeitung (FAZ)
SAP (No.2; $51.5bn) and Siemens (No.3; $28.2bn) complete the top three
Commerzbank (No.40; $1.4bn) returns to the ranking and Flink (No.44; $1.3bn) enters for the first time
Brands from Germany's renowned automotive sector have increased by 11% overall
German brands’ leadership lies in their salience, but also in their difference, which is essential in strengthening a brand's pricing power.

Kantar BrandZ Germany Brands 2024
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This infographic showcases the Top 10 German brands, category split and highest risers. Mercedes-Benz, BMW and Audi lead the Automotive category, which contributes 20% of the ranking’s total brand value. This category is experiencing a significant transformation, with the shift to e-mobility being challenged by high prices, and consumer demand that has fallen below expectations. Yet growth has been seen across multiple sectors; from Personal Care to Consumer Technology and Services Platforms, these categories have seen strong double-digit and triple-digit growth in value.

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Germany has shown that its economy is more resilient against turbulence than many experts predicted. Due to quick intervention and thoughtful labour policies, the country experienced one of the smallest contractions of any major economy during the pandemic. Take a closer look at Germany’s Top 50 most valuable brands, those standing the test of time and making it through challenges such as inflation and supply chain shortages.


To be eligible for inclusion in this ranking, the brand must have been created in the market and be owned by an enterprise listed on a recognised stock exchange. For those owned by private companies, financial statements must be available in the public domain. Unicorn brands must have their most recent valuation publicly available. Watch the video to learn more about the methodology behind Kantar BrandZ brand valuation rankings, which is based on a three-step process, combining financial value and brand contribution to determine a brand’s value.  

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Germany’s latest brand valuation ranking reflects the strong foundations of multiple legacy brands that have built great strength, affinity, and pride amongst people over time. The Top 50 most valuable German brands of today are worth $372bn, representing a 5% increase over two years.

Highlights from 2023’s study, which is based on the opinions of more than 87,000 respondents about 1980 unique brands across 160 categories include:

  • Telecommunications Provider, Telekom/T-mobile, takes the number one spot with a brand value of $62.7bn, an impressive increase of 43% since 2021
  • The most valuable category is Germany’s iconic Automotive sector, with Mercedes-Benz (No.3; $24.6bn) leading the way, followed by BMW (No.4; $22.4bn)
  • Retail features the largest number of brands, led by online giant Otto (+44%; $1.9bn) which climbed seven positions to No.35
  • Two newcomers enter the ranking: Jacobs (No.30; $2.2bn) and MAN (No.37; $1.8bn)
  • TUI (No.39; $1.6bn) and Dr.Oetker (No.43; $1.2bn) return to the Top 50

German brands stand out in three areas that are crucial for growth today: purpose, sustainability, and diversity and inclusion, and people overall perceive them to be especially committed to sustainability. Find out more about how the biggest German brand value success stories are strengthening connections with customers in the full report.

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Germany’s most valuable brands are proving their resilience. Against a backdrop of the twin challenges of COVID-19 and the threat of a lasting economic recession, the overall value of Germany’s Top 50 ranking has grown by 5%.

SAP retains its position as Germany’s most valuable brand, growing by 9% to $55.6 billion in brand value. Deutsche Telekom remains second with a valuation of $47.1 billion. BMW secures third position, growing by 5% to $23.1 billion.

Zalando (no.16) becomes the fastest riser in the German Top 50 ranking this year, growing by 64% in brand value to $5.1 billion. Access rich data and analysis on Germany’s top brands, learnings spanning 19 categories and thought leadership on pricing and perceptions of fairness, as well as the role of sustainability in the future of German brands.

Download the Kantar BrandZ Most Valuable German Brands 2021 report

Download the Kantar BrandZ Most Valuable German Brands 2021 infographic

Kantar BrandZ global 2024
Discover the factors driving growth for the world’s most valuable brands.
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