In 2023, nearly 41 percent of the external revenue was generated from Caterpillar’s construction industry segment, amounting to 27.4 billion U.S. dollars. The energy and transportation segment was not far off, recording revenue of about 28 billion U.S. dollars in the same period.
Financial overview of Caterpillar
Following a merger between two of the most important tractor manufacturers in the United States at the time, Caterpillar was founded in 1925 in California. In 2022, Caterpillar Inc. was ranked as the world’s top manufacturer of construction machinery, making sales amounting to about 37.5 billion U.S. dollars.
Main markets of Caterpillar
In the fiscal year of 2022, Caterpillar generated roughly 59 billion U.S. dollars in global sales. About 47 percent of their revenue was generated in North America, making it the largest market for Caterpillar. The second largest market was Europe, Africa, and Middle East, with over 12.8 billion U.S. dollars generated in the region in 2022.
Caterpillar's revenue between FY 2019 and FY 2023, by segment
(in million U.S. dollars)
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Caterpillar. (February 16, 2024). Caterpillar's revenue between FY 2019 and FY 2023, by segment (in million U.S. dollars) [Graph]. In Statista. Retrieved December 18, 2024, from https://www.statista.com/statistics/281135/sales-and-revenues-of-caterpillar-by-segment/
Caterpillar. "Caterpillar's revenue between FY 2019 and FY 2023, by segment (in million U.S. dollars)." Chart. February 16, 2024. Statista. Accessed December 18, 2024. https://www.statista.com/statistics/281135/sales-and-revenues-of-caterpillar-by-segment/
Caterpillar. (2024). Caterpillar's revenue between FY 2019 and FY 2023, by segment (in million U.S. dollars). Statista. Statista Inc.. Accessed: December 18, 2024. https://www.statista.com/statistics/281135/sales-and-revenues-of-caterpillar-by-segment/
Caterpillar. "Caterpillar's Revenue between Fy 2019 and Fy 2023, by Segment (in Million U.S. Dollars)." Statista, Statista Inc., 16 Feb 2024, https://www.statista.com/statistics/281135/sales-and-revenues-of-caterpillar-by-segment/
Caterpillar, Caterpillar's revenue between FY 2019 and FY 2023, by segment (in million U.S. dollars) Statista, https://www.statista.com/statistics/281135/sales-and-revenues-of-caterpillar-by-segment/ (last visited December 18, 2024)
Caterpillar's revenue between FY 2019 and FY 2023, by segment (in million U.S. dollars) [Graph], Caterpillar, February 16, 2024. [Online]. Available: https://www.statista.com/statistics/281135/sales-and-revenues-of-caterpillar-by-segment/
