Top Caterpillar Competitors & Similar Companies
Caterpillar INC which was incorporated as Caterpillar Tractor.INC in 1925. Owing to its previous name, the company is primarily involved in designing, manufacturing, developing, and selling of heavy machinery. Later, it has been selling Financial products and insurance across the world through a strong network of distribution.
In any business, there are several companies & brands which compete with each other by offering similar products & services.
For any company to thrive, it is not only important for them to improve their own products, but to also look at what their competitor is offering.
Below we look at the top 6 competitors of Caterpillar.
1. John Deere:
John Deere and company is an American organization that is in the field of manufacturing heavy equipments such as construction, forestry and agricultural machines along with diesel engines, gearboxes, axles and transmission. They are also into the business of lawn care equipments and financial services. It was founded in the year 1837 by John Deere and is headquarter in Grand Detour, Illinois.
2. Mitsubishi:
Mitsubishi electric is an Japanese conglomerate which has its business expansions spread over almost every sector of the industry. Though world has been knowing Mitsubishi as a car manufacturer, it also has its presence in plethora of sectors including chemicals, industrial finance, metals, energy, machinery and daily living essentials. The conglomerate founded Yataro Iwasaki in the 20th century, has now gown in to a multinational that operates across 200+ different locations worldwide.
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3. Mahindra & Mahindra:
Ever since Mahindra’s inception in the automotive industry in India in 1947, Mahindra & Mahindra has provided the consumers with powerful yet stylish vehicles. From introducing the utility vehicle back then Mahindra still has a strong foothold in the industry. Today, Mahindra & Mahindra have captured all the terrains of land, sea and air as their offerings fhave increased into a wide range of products ranging from SUVs, electric vehicles, pickups, commercial vehicles, small aircrafts and boats.
4. Siemens:
Incorporated in Germany, Siemens is a technology company with business divisions in various segments like Power and gas; Wind power and Renewables; Mobility; digital Factory; Energy Management and Healthcare. It was founded in 1847 and is named after its founder Werner von Siemens who was a great inventor and a visionary. Its headquarter is in Munich, Germany.
5. JCB:
J C Bamford Excavators Limited, known as JCB, is an English construction equipment manufacturing company. It was founded by Joseph Cyril Bamford in 1945. It has its headquarters in Rochester, Staffordshire.
6. Komatsu:
Komatsu is one of the biggest competitors of Caterpillar.
To conclude, the above article highlights the various competitors which compete with Caterpillar. This understanding helps to evaluate the various external business factors for any company.
This article has been researched & authored by the Content & Research Team. It has been reviewed & published by the MBA Skool Team. The content on MBA Skool has been created for educational & academic purpose only.
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