Caterpillar: Infrastructure spending and global construction upside

Caterpillar remains a global icon in heavy machinery and equipment, its yellow machines dotting infrastructure projects and construction sites on every continent. In 2025, the company is at the epicenter of both challenge and opportunity: surging infrastructure investments are colliding with cost headwinds, trade policy uncertainty, and evolving demand patterns. With solid order backlogs, digital innovation, and a strategic pivot toward energy and sustainability, Caterpillar is positioning itself to ride out near-term volatility and capture the global construction upside that’s taking shape. Here’s how the company’s narrative is evolving in today’s dynamic economic landscape.

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