Competitive market pressures forced Cat to adopt new technology and implement lean manufacturing processes.

During the last 100 years, Caterpillar has grown and prospered by subscribing to a unique philosophy of vertical integration, globalization, lean production processes, high quality products and state-of-the-art metal fabrication technology.

LONDON—Demand for electrified off-highway power train componets will grow from $9 billion in 2023 to $17 billion by the end of this decade.