Construction sales down for Caterpillar

Andy Brown Head of Content, Construction and Engagement

30 October 2024

The world’s largest construction OEM by sales, Caterpillar, has announced that sales for its construction industries segment was US$6.34 billion in the third quarter of 2024, a decrease of $654 million, or 9%, compared with $6.99 billion in the third quarter of 2023.

Sales increased in Latin America but were down in all other geographical territories with North America seeing a drop of 11%, Europe, Middle East, and Africa (EAME) declining by 15% and Asia Pacific down by 12%.

The OEM said that the decrease was primarily due to a decline in sales…

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