On the Record · Caterpillar
Caterpillar competitors, on the record
The companies Caterpillar names as competitors in its annual reports, 2023 to 2025, and the companies that name Caterpillar, each with the sentence and the filing.
Who Caterpillar names
| Company | Named in |
|---|---|
| CASE (part of CNH Industrial N.V.) | 2025 |
| Cummins Inc. | 2025 |
| Epiroc AB | 2025 |
| Wabtec Corp | 2025 |
| Wells Fargo Equipment Finance Inc. | 2025 |
In its own words
CASE (part of CNH Industrial N.V.)
Word for word“Examples of global competitors include CASE (part of CNH Industrial N.V.), Deere Construction & Forestry (part of Deere & Company), Doosan Bobcat (Part of Doosan Group), Hitachi Construction Machinery Co., Ltd., Hyundai Construction Equipment Co., Ltd., Hyundai Doosan Infracore Co., Ltd. (both part of Hyundai Heavy Industries Group), J.C. Bamford Excavators Ltd., Kobelco Construction Machinery (part of Kobe Steel, Ltd), Komatsu Ltd., Kubota Farm & Industrial Machinery (part of Kubota Corporation), Sany Heavy Industry Co., Ltd., and Volvo Construction Equipment (part of the Volvo Group).” 10-K for 2025
Cummins Inc.
Word for word“Principal global competitors include Cummins Inc., Deutz AG, Rolls-Royce Power Systems AG and Siemens Energy AG.” 10-K for 2025
Epiroc AB
Word for word“Our global surface competitors include Deere Construction & Forestry (part of Deere & Company), Epiroc AB, Hitachi Construction Machinery Co., Ltd., Komatsu Ltd., Liebherr-International AG, Sandvik AB, and Volvo Construction Equipment.” 10-K for 2025
Wabtec Corp
Word for word“In rail-related businesses, our global competitors include Wabtec Corp, Greenbrier Companies, Inc., Voestalpine AG, Vossloh AG, Alstom SA, and Siemens Mobility A/S.” 10-K for 2025
Wells Fargo Equipment Finance Inc.
Word for word“Cat Financial’s competitors include Wells Fargo Equipment Finance Inc., Banc of America Leasing & Capital LLC, BNP Paribas Leasing Solutions Limited, Australia and New Zealand Banking Group Limited, Société Générale S.A. and various other banks and finance companies.” 10-K for 2025
Who names Caterpillar
Companies whose own annual reports name Caterpillar as a competitor.
Word for word“These vertically integrated competitors included Caterpillar, Komatsu Ltd. (“Komatsu”), and Volvo Group (“Volvo”).” 10-K for 2025
Word for word“Our principal competitors in the construction equipment market are Caterpillar Inc., Komatsu Ltd., J C Bamford Excavators Ltd., Hitachi Construction Machinery Co, Ltd., Volvo Group, Liebherr Group, Develon, Bobcat, Kubota Tractor Corporation, SANY Heavy Industry Co., Ltd and Deere & Company.” 10-K for 2025
Word for word“Our primary competitors are Caterpillar, Inc., MTU (Rolls Royce Power Systems Group) and Kohler/SDMO (Kohler Group), but we also compete with INNIO, Generac, Mitsubishi Heavy Industries and numerous regional generator set assemblers.” 10-K for 2025
Word for word“Global competitors of the CF segment include Caterpillar Inc., CNH Industrial N.V., Doosan Infracore Co., Ltd. and its subsidiary Doosan Bobcat Inc., Fayat Group, GOMACO Corporation, Hitachi Construction Machinery, Komatsu Ltd., Kubota Tractor Corporation, LGMG, Liugong, Ponsse Plc, SANY Group Co., Ltd., SDLG, Terex, Tigercat Industries Inc., Volvo Construction Equipment (part of Volvo Group AB), and XCMG.” 10-K for 2025
Word for word“Competitors to our Manufacturing segment include Caterpillar, Inc., Gardner Denver, and EnQuest Energy Solutions, among others.” 10-K for 2025
Word for word“Material Handlers Atlas, Caterpillar, Liebherr and Sennebogen” 10-K for 2025
Word for word“Significant competitors in the undercarriage market include Berco and Caterpillar.” 10-K for 2025
Word for word“Our competitors range from multi-location, regional operators to single-location dealers and include dealers and distributors of competing equipment brands, including Deere, Caterpillar, Kubota, and the AGCO brands, as well as other dealers and distributors of the CNH family of brands.” 10-K for 2026
Read from Caterpillar’s annual reports (10-K for 2025, 10-K for 2024, 10-K for 2023) and the financial data it files with the SEC, as of 2026-02-13. Every quotation is word for word from the filing linked beside it; how these pages are built and checked. The full record is in its company data sheet.