Business Segments and Subsidiaries of Caterpillar Inc.

Business Segments of Caterpillar Inc:

  • Construction,
  • Resources and
  • Energy and transportation.

Construction Industries segment of Caterpillar Inc:

Who are the leading competitors of Caterpillar in the Construction Industries segment?

  • CASE (part of CNH Industrial N.V.),
  • Deere Construction & Forestry (part of Deere & Company),
  • Doosan Infracore Co., Ltd.,
  • Hitachi Construction Machinery Co., Ltd.,
  • Hyundai Construction Equipment Co., Ltd.,
  • J.C. Bamford Excavators Ltd.,
  • Kobelco Construction Machinery (part of Kobe Steel, Ltd),
  • Komatsu Ltd.,
  • Kubota Farm & Industrial Machinery (part of Kubota Corporation),
  • and Volvo Construction Equipment (part of the Volvo Group).
  • Guangxi LiuGong Machinery Co., Ltd.,
  • Longking Holdings Ltd.,
  • Sany Heavy Industry Co., Ltd.,
  • XCMG Construction Machinery Co., Ltd.,
  • Shandong Lingong Construction Machinery Co., Ltd. (SDLG, part of the Volvo Group) and
  • Shantui Construction Machinery Co., Ltd., (part of Shandong Heavy Industry Group Co.).

What does the construction industries product portfolio of the company look like?

How much did the construction industries segment of the company generate in 2020 in revenues and profits?

Resources Industries segment of Caterpillar Inc.

What does the resources industries portfolio of the company look like?

How much did the resources industries segment of the company generate in 2020 in revenues and profits?

Energy and transportation Industries Segment of Caterpillar:

Who are the main competitors of Caterpillar Inc in the energy and transportation sector?

What does the energy and transportation industries portfolio of Caterpillar look like?

  • Reciprocating engine powered generator sets
  • Reciprocating engines supplied to the industrial industry as well as Caterpillar machinery
  • Integrated systems used in the electric power generation industry
  • Turbines, centrifugal gas compressors and related services
  • Reciprocating engines and integrated systems and solutions for the marine and oil and gas industries,
  • Remanufactured reciprocating engines and components, and
  • Diesel-electric locomotives and components and other rail-related products and services.

How much did the energy and transportation industries segment of the company generate in 2020 in revenues and profits?

Financial Products Segment of Caterpillar Inc.

What does the services portfolio of CAT finance look like?

  • Loans that allow customers and dealers to use their Caterpillar equipment or other assets as collateral to obtain financing.
  • Installment sale contracts, which are equipment loans that enable customers to purchase equipment with a down payment or trade-in and structure payments over time.
  • Finance (non-tax) leases, where the lessee for tax purposes is considered to be the owner of the equipment during the term of the lease, that either require or allow the customer to purchase the equipment for a fixed price at the end of the term.
  • Tax leases that are classified as either operating or finance leases for financial accounting purposes, depending on the characteristics of the lease. For tax purposes, Cat Financial is considered the owner of the equipment.
  • Governmental lease-purchase plans in the U.S. that offer low interest rates and flexible terms to qualified non-federal government agencies.

Which are the wholly owned insurance subsidiaries of Caterpillar Inc?

  • Caterpillar Insurance Company — a wholly owned subsidiary of Caterpillar Insurance Holdings Inc.. It is a U.S. insurance company domiciled in Missouri and regulated mainly by the Missouri Department of Insurance.
  • Caterpillar Life Insurance Company — also a wholly owned subsidiary of Caterpillar. It is a U.S. insurance company domiciled in Missouri and primarily regulated by the Missouri Department of Insurance.
  • Caterpillar Insurance Co. Ltd. — a wholly owned subsidiary of Caterpillar Insurance Holdings Inc. It is a captive insurance company domiciled in Bermuda and regulated by the Bermuda Monetary Authority.
  • Caterpillar Product Services Corporation (CPSC) — a wholly owned subsidiary of Caterpillar. It is a warranty company domiciled in Missouri.
  • Caterpillar Insurance Services Corporation, a wholly owned subsidiary of Caterpillar Insurance Holdings Inc., is a Tennessee insurance agency licensed in all 50 states, the District of Columbia and Guam.

Performance of the Caterpillar Financial Products segment in 2020:

A List of Brands/Subsidiaries in the Caterpillar Family:

  • CAT Lift Trucks: cat Lift Trucks is a subsidiary of Caterpillar Inc that was formed in 1965 when Caterpillar acquired a company called Towmotor. In 1992, again the company entered into a joint venture with Mitsubishi called Mitsubishi Caterpillar Forklift America Inc. (MCFA), for the production and marketing of Lift trucks. Since then the company has vastly expanded its forklift line up to include electric counterbalanced lift trucks to internal combustion (IC) cushion and pneumatic tire lift trucks.
  • CAT REMAN: Production at Caterpillar’s first remanufacturing plant began in Bettendorf, Iowa, in 1973. The brand offers a broad portfolio of replacement parts, available at CAT dealers. These parts offer the same performance and durability as new parts but at lower prices compared to new ones.
  • CAT financial: Caterpillar formed a subsidiary called Caterpillar Leasing company in 1981 and renamed it CAT financial in 1983. Cat Financial provides retail and wholesale financing solutions and extended protection products to Cat customers and dealers for the complete line of Cat machinery and engines, Solar gas turbines, other related equipment and marine vessels.
  • Solar Turbines: Caterpillar founded its Solar Turbine brand as the Prudden-San Diego Airplane Company in 1927. The company believed that gas turbines were going to become the prime movers in future and therefore it heavily invested in the development of small turbines. The International Harvester Company purchased the company in early 1960. Again, Caterpillar acquired Solar Turbines International in 1981. Today, Solar Turbines brand designs and manufactures industrial gas turbines for onshore and offshore electrical power generation, marine propulsion, and the production, processing, and transportation of natural gas and oil.
  • Hindustan: Caterpillar announced in 1984 that Hindustan Motors Ltd. of Calcutta, India, would start licensing the manufacture of specific Caterpillar construction equipment models, including track-type tractors, wheel loaders, and off-highway trucks. For more than 30 years, Hindustan has been offering sales, marketing and after sales support for the sale of a limited range of Caterpillar products in the Indian market. Hindustan offers affordable, high-quality, ready-to-run small wheel loader products and components that are reliable, as well as easy to use and maintain.
  • Olympian: Caterpillar’s Olympian brand offers prime power or standby gas and diesel-fueled generator set and aftermarket parts.
  • Anchor: Anchor’s history dates back to 1938. It provides high-quality hydraulic hose, steel couplings and complete assemblies for the OEM and general market business sectors. These hoses and couplings are essential parts for operating every Caterpillar product.
  • FG Wilson: FG Wilson has been around for more than 50 years. Its product line ranges from small ready-to-run generator sets suitable for domestic use to large power systems with remote monitoring capabilities to feed into the national grid. Caterpillar acquired a 49% stake in the company in 1996 and then the remaining 51% stake in 1999.
  • MAK: MAK, one of the top engine brands in the medium-speed propulsion market, has a history dating back over 150 years. Its product line includes marine diesel, gas and dual-fuel engines used in various marine applications.
  • Turner PowerTrain System: Turner Powertrain System has been developing transmissions since 1859. The brand is a world leader in the development and manufacturing transmissions for backhoes, wheel loaders and telehandlers.
  • ASIA TRAK: Asia Track produces high-quality undercarriage components for hydraulic excavators and track-type tractors for Caterpillar and outside OEMs.
  • CAT Rental Store: CAT Rental store started its services in 1998. It started offering equipment for short term use, providing rentals for a day or even an hour. Today, the Cat Rental Store network offers the largest construction equipment rental fleet in the world. From the well-known Cat earthmoving machines, excavators, skid steer loaders, backhoes, pavers and compactors, work tools and power generators to equipment from more than 70 other top-tier brands, CAT Rental store offers a vast range of machines and equipment for short term use.
  • Perkins: Caterpillar acquired Perkins in 1998 and renamed it Perkins Engines Company Limited of Peterborough, England. The history of Perkins dates back to 1932. It is a world-leading provider of diesel and gas engines, offering the most comprehensive range of innovative and reliable power solutions tailored to meet its customers’ precise requirements.
  • SEM: The SEM brand offers wheel loaders, soil compactors, motor graders and track-type tractors targeted to meet customers’ needs in China and other markets. It has been around for more than 60 years.
  • Progress Rail: progress rail has been serving the rail industry since 1983. It is among the largest integrated and diversified providers of rolling stock and infrastructure solutions and technologies for global rail customers.
  • HYPAC: The Hypac brand in the portfolio of Caterpillar offers large mining customers and Cat dealers with hard-to-find parts for legacy brands as well as expanded service opportunities through competitive parts offerings.
  • MWM: The history of MWM dates back to 1871. It developed and produced sustainable gas engines and gensets in Mannheim, Germany. Now, the MWM products are developed by Caterpillar Energy Solutions. These products include gas engines and gensets, distributed power plants, cogeneration plants and CHP plants, gas applications, and cogeneration and trigeneration.
  • M2M: M2M data corporation was founded in 1999. It has developed a wide range of hardware and services to provide remote status of equipment data with real-time notifications upon equipment status changes, including equipment shutdown events.
  • KEMPER: Kemper Valve & Fittings Corp was founded in 1965. The company is a market leader in the production of hammer unions for Oil & Gas services in the North American market.
  • SPM: SPM Oil & Gas brand provides superior products and service solutions to Oil & Gas customers in upstream, production, transportation, refining and related industries.




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Abhijeet Pratap

Abhijeet Pratap

Blog editor and founder

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