In 2023, the Illinois-based manufacturer of machinery and engines Caterpillar incurred expenses for research and development that amounted to around 2.1 billion U.S. dollars. This represents an increase of nearly 16 percent as compared to the previous year.
Caterpillar's expenses for research and development from FY 2007 to FY 2023
(in million U.S. dollars)
Characteristic
Expenses in million U.S. dollars
2023
2,108
2022
1,814
2021
1,686
2020
1,415
2019
1,693
2018
1,850
2017
1,842
2016
1,853
2015
2,134
2014
2,107
2013
1,552
2012
2,466
2011
2,297
05001,0001,5002,0002,5003,000
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Caterpillar. (February 16, 2024). Caterpillar's expenses for research and development from FY 2007 to FY 2023 (in million U.S. dollars) [Graph]. In Statista. Retrieved April 29, 2025, from https://www.statista.com/statistics/267811/caterpillars-expenses-for-research-and-development/
Caterpillar. "Caterpillar's expenses for research and development from FY 2007 to FY 2023 (in million U.S. dollars)." Chart. February 16, 2024. Statista. Accessed April 29, 2025. https://www.statista.com/statistics/267811/caterpillars-expenses-for-research-and-development/
Caterpillar. (2024). Caterpillar's expenses for research and development from FY 2007 to FY 2023 (in million U.S. dollars). Statista. Statista Inc.. Accessed: April 29, 2025. https://www.statista.com/statistics/267811/caterpillars-expenses-for-research-and-development/
Caterpillar. "Caterpillar's Expenses for Research and Development from Fy 2007 to Fy 2023 (in Million U.S. Dollars)." Statista, Statista Inc., 16 Feb 2024, https://www.statista.com/statistics/267811/caterpillars-expenses-for-research-and-development/
Caterpillar, Caterpillar's expenses for research and development from FY 2007 to FY 2023 (in million U.S. dollars) Statista, https://www.statista.com/statistics/267811/caterpillars-expenses-for-research-and-development/ (last visited April 29, 2025)
Caterpillar's expenses for research and development from FY 2007 to FY 2023 (in million U.S. dollars) [Graph], Caterpillar, February 16, 2024. [Online]. Available: https://www.statista.com/statistics/267811/caterpillars-expenses-for-research-and-development/
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