Despite global competition, Caterpillar Inc. However, the company competes with large firms like Mitsubishi Heavy Industries and Toyota Industries Corporation (a core company in the Toyota Group, which is composed of other companies like Toyota Motor Corporation). Founded in California in 1925, the company has grown to become the world’s leading provider of construction machinery. Headquartered in Illinois, the company’s products and services are available worldwide. Based on these product offerings, Caterpillar has a moderate degree of diversification, with business in the heavy equipment industry, engines industry and financial services industry. The company also offers services, such as financing and insurance, as well as maintenance and training services. Some of its products are bulldozers, excavators, wheel loaders, diesel engines and trucks. is a manufacturer of heavy equipment and engines. The company performs well based on a competitive analysis, a Porter’s Five Forces external assessment, and a SWOT analysis of the heavy equipment, engines, and financial services business. Caterpillar Inc.’s vision statement, mission statement and intensive growth strategies align to promote business growth.
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