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This statistic highlights Caterpillar’s Revenue By Region split across the Asia Pacific, EMEA, Latin America, North America, the United States, and Outside the United States.
Caterpillar generates its revenue from the following regions:
|Region||2019||2020||YoY Growth||Revenue Share 2020|
|Outside United States||$31.20||$25.47||-18.36%||30.51%|
(all figures in billions, except percentages)
Caterpillar’s total revenue declined from $107.60 billion in 2019 to $83.48 billion in 2020, marking a decline of 22.41% on a year-on-year basis. During this period, Caterpillar witnessed lower sales, especially in the engines and machinery segment because of lower demand due to the COVID-19 pandemic.
Caterpillar’s revenue from the Asia Pacific declined from $12.08 billion in 2019 to $10.24 billion in 2020, a decline of 15.23% on a year-on-year basis. In 2020, Asia Pacific contributed 12.27% to the company’s total revenue. In the Asia Pacific, Caterpillar has operations in regions like Australia, China, India, Indonesia, Japan, South Korea, the Republic Of Singapore, and Thailand. In this region, the company provides its products and services to industries like construction, electric power, marine, mining, and forestry. In Asia, the revenue declined because of lower sales, especially in China.
Caterpillar’s revenue from EMEA declined from $11.22 billion in 2019 to $9.86 billion in 2020, marking a decline of 12.12% on a year-on-year basis. During this period, EMEA contributed 11.81% to Caterpillar’s total revenue. In EMEA, Caterpillar operates in regions like Russia, South Africa, United Arab Emirates, the Netherlands, Belgium, France, the United Kingdom, Italy, Germany, Switzerland, and Poland.
Caterpillar’s revenue from Latin America declined from $4.71 billion in 2019 to $3.43 billion in 2020, a decline of 27.18% on a year-on-year basis. In 2020, this region contributed 4.11% to Caterpillar’s total revenue. In Latin America, Caterpillar has operations in Mexico, Central America, and South America.
Caterpillar’s revenue from the United States declined from $22.60 billion in 2019 to $16.27 billion in 2020, marking a decline of 28% on a year-on-year basis. In 2020, the United States contributed 19.49% to the company’s total revenue. In the United States, Caterpillar has offices in Alabama, Arizona, California, Illinois, Florida, Minnesota, Ohio, Texas, Washington, and Wisconsin.
Caterpillar’s revenue from North America declined from $25.79 billion in 2019 to $18.21 billion in 2020, a decline of 29.40% on a year-on-year basis. During this period, North America contributed 21.81% to Caterpillar’s total revenue. In this region, the main reason for the decline in revenue was lower sales in the pipeline, marine, and road construction segments.
Outside United States
Caterpillar’s revenue from Outside United States declined from $31.20 billion in 2019 to $25.47 billion in 2020, marking a decline of 18.36% on a year-on-year basis. In 2020, this region contributed 30.51% to Caterpillar’s total revenue.
Caterpillar Inc. is an American public company that manufactures and designs products for construction and mining equipment, gas turbines, engines, and electric locomotives. The company was founded by C.L. Best in 1925. Caterpillar’s main office is located in Illinois, United States. Caterpillar employs more than 100,000 people worldwide. Caterpillar’s product portfolio includes equipment like Articulated Trucks, Cold Planers, Forest Machines, Off-Highway Trucks, and Road Reclaimers. The company’s products are used in various industries like Agriculture, Construction, Industrial Power, Marine, Mining, Oil and Gas, Pipeline, and Material Handling.
Caterpillar’s competitors include Allison Transmission, Wabtec, Kobelco, Cummins, Liebherr Group, Scania, Aggreko, Doosan Infracore, and CNH Industrial. Over the years, Caterpillar has acquired companies like Towmotor Corporation, Trackson, Balderson Inc, Perkins Engines, Kato Engineering, Williams Technologies, and many more. These acquisitions have helped the company in increasing its presence in different parts of the world and increase its product portfolio.
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