In 2023, about 52 percent of the sales revenue of Caterpillar generated came from the North American region. A total of 34.6 billion U.S. dollars was generated in this region. In the same period, the Asia/Pacific region was the third largest market for Caterpillar, reporting a revenue amounting to 12.1 billion U.S. dollars.
Investing in R&D
Over the years Caterpillar invested heavily in the company spending over a billion U.S. dollars each year in research and development. In 2023, the company reported that their global capital expenditures amounted to almost 3.1 billion U.S. dollars.
Most important business segments for Caterpillar
The American based manufacturer generated most of its revenue from the energy and transportation segment in 2023, which amounted to nearly 28 billion U.S. dollars. This segment was followed by the construction industries, which generated a total of 27.4 million U.S. dollars in the same period.
Caterpillar's global sales and revenue between FY 2018 and FY 2023, by region
(in million U.S. dollars)
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Caterpillar. (February 16, 2024). Caterpillar's global sales and revenue between FY 2018 and FY 2023, by region (in million U.S. dollars) [Graph]. In Statista. Retrieved December 21, 2024, from https://www.statista.com/statistics/281098/global-sales-and-revenue-of-caterpillar-by-region/
Caterpillar. "Caterpillar's global sales and revenue between FY 2018 and FY 2023, by region (in million U.S. dollars)." Chart. February 16, 2024. Statista. Accessed December 21, 2024. https://www.statista.com/statistics/281098/global-sales-and-revenue-of-caterpillar-by-region/
Caterpillar. (2024). Caterpillar's global sales and revenue between FY 2018 and FY 2023, by region (in million U.S. dollars). Statista. Statista Inc.. Accessed: December 21, 2024. https://www.statista.com/statistics/281098/global-sales-and-revenue-of-caterpillar-by-region/
Caterpillar. "Caterpillar's Global Sales and Revenue between Fy 2018 and Fy 2023, by Region (in Million U.S. Dollars)." Statista, Statista Inc., 16 Feb 2024, https://www.statista.com/statistics/281098/global-sales-and-revenue-of-caterpillar-by-region/
Caterpillar, Caterpillar's global sales and revenue between FY 2018 and FY 2023, by region (in million U.S. dollars) Statista, https://www.statista.com/statistics/281098/global-sales-and-revenue-of-caterpillar-by-region/ (last visited December 21, 2024)
Caterpillar's global sales and revenue between FY 2018 and FY 2023, by region (in million U.S. dollars) [Graph], Caterpillar, February 16, 2024. [Online]. Available: https://www.statista.com/statistics/281098/global-sales-and-revenue-of-caterpillar-by-region/
