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This statistic highlights Caterpillar’s Revenue Breakdown by End-Market from 2016 onwards, split between Construction Industries, Energy & Transportation, Financial Products, and Resource Industries.
Caterpillar’s Revenue Breakdown by End-Market
|Segment||Q1 2021||Q1 2020||YoY Growth||Revenue share in Q1 2021|
|Energy & Transportation||$3,658||$3,618||1%||31%|
(All figures in millions, except percentages)
Caterpillar’s Construction Industries product portfolio includes the following machines, related parts, and work tools: road reclaimers, skid steer loaders, pipelayers, forestry excavators, motor graders, site prep tractors, telehandlers, asphalt pavers, compactors, compact track, mini, small, medium and large excavators, backhoe loaders, cold planers, multi-terrain loaders, small and medium track-type tractors, track-type loaders, compact, small and medium wheel loaders, wheel excavators, and utility vehicles.
In Q1 2021, Caterpillar generated approximately 46% of total revenue from this segment amounting to $5.44 billion. The revenue from this segment has increased by 26% year-over-year from $4.31 billion in Q1 2020. This increase in revenue was due to higher sales volume driven by higher end-user demand and due to an increase in dealer’s inventories.
Caterpillar’s Energy & Transportation portfolio includes the following products and related parts: Turbines, centrifugal gas compressors & related services, Reciprocating engines supplied to the industrial industry as well as Caterpillar machinery, Remanufactured reciprocating engines and components, Reciprocating engines, and integrated systems and solutions for the marine and oil and gas industries, Reciprocating engine-powered generator sets, Diesel-electric locomotives, including components &other rail-related products and services, and Integrated systems used in the electric power generation industry.
In Q1 2021, Energy & Transportation’s total revenue was $3.66 billion, an increase of 1% year-over-year, compared with $3.62 billion in Q1 2020. Revenue growth was driven by Power Generation and Oil and Gas, partially offset by a decrease in Transportation.
Caterpillar Insurance Company, a wholly-owned subsidiary of Caterpillar Insurance Holdings Inc., is licensed to conduct property and casualty insurance business. Caterpillar Life Insurance conducts life, health, and accident insurance business. Caterpillar Life Insurance Company has also entered into a reinsurance agreement with Caterpillar Insurance Company, assuming 100% of the risk of an Accident and Health Stop Loss Insurance Policy to cover a Caterpillar Voluntary Employees’ Benefits Association (VEBA) Trust for medical losses born by a select group of Caterpillar retirees and dependents.
In Q1 2021, Financial Products’ segment revenues were $761 million, a decrease of 7% from $814 million in Q1 2020. This decrease in revenue was primarily because of lower average financing rates and lower average earning assets in North America.
Caterpillar’s Resource Industries faces competition from larger global competitors like Deere Construction & Forestry, Liebherr-International AG, Hitachi Construction Machinery Co., Ltd., Komatsu Ltd., Sandvik AB, Epiroc AB, and Volvo Construction Equipment. Is product portfolio in this segment includes the following machines and related parts: hydraulic shovels, large wheel loaders, soil compactors, autonomous ready vehicles and solutions, articulated trucks, hard rock vehicles, large track-type tractors, wheel tractor scrapers, select work tools, landfill compactors, longwall miners, draglines, electric rope shovels, wheel dozers, and large mining trucks.
In Q1 2021, Resource Industries’ revenue was $2.10 billion which increased by 6% year-over-year from $1.98 billion in Q1 2020. This increase was due to higher sales volume driven by the impacts of an increase in dealer inventories, higher end-user demand for equipment, and a favourable currency impact from the Australian dollar.
Caterpillar Inc. is an American-based company established in 1925 by C.L. Best. Its headquarters is in Illinois, U.S. Caterpillar’s common stocks are traded on the New York Stock Exchange under the trading symbol “CAT”.
Caterpillar is the world’s largest construction equipment manufacturer that manufactures, develops, engineers, markets, and sells machinery, financial products, engines, and insurance to customers through a worldwide network of dealers. Over the years, Caterpillar has acquired Trackson, Towmotor Corporation, Balderson, Inc., Barber-Greene Co. Inc., F.G. Wilson, Earthmoving Equipment Division, Caterpillar Elphinstone, Sabre Engines Ltd., Bitelli SpA, Wealdstone Engineering Ltd., Williams Technologies, Inc., Turbomach SA, Hindustan PowerPlus Ltd., Forestry Division of Blount International, Inc., Shandong Engineering Machinery (SEM), Lovat Inc., Shin Caterpillar Mitsubishi Ltd., Gremada Industries, Inc., Marble Robot, Inc., CleanAIR Systems, Inc., Caterpillar Xuzhou Ltd, Underground Imaging Technologies, Inc. (UIT), FCM Rail Ltd., JCS Co., Ltd., Twin City Signal Inc., etc. It faces competition from Westinghouse Air Brake, Hyundai Heavy Industries Holdings (HHI), KOBELCO, Allison Transmission, Scania, Aggreko, Liebherr Group, Cummins, and CNH Industrial.
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