Construction and Mining Equipment Industry Poised for Growth

The construction and mining equipment industry is poised for growth due to increased infrastructure investment in the US and solid demand from the mining sector, driven by the energy transition trend. Caterpillar Inc., Komatsu, and Terex Corp. are well-positioned to benefit from these trends.

Caterpillar has a record backlog of $72 billion, 92% higher than last year, and is restarting production of its 10-megawatt gas engine platform. The company is also expanding turbine capacity and investing in digital initiatives such as AI and cloud computing.

Komatsu is progressing on its three-year medium-term management plan, focusing on innovation, growth, and profitability. The company is collaborating with a partner to develop Software Defined Vehicles (SDVs).