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Analyzing COVID-19 Impact on Inspection Robots Market featuring Cognex Corp., Eddyfi NDT Inc., and Ensign-Bickford Industries Inc. | Technavio

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The inspection robots market will witness a neutral impact during the forecast period owing to the widespread growth of the COVID-19 pandemic. As per Technavio’s pandemic-focused market research, market growth is likely to increase in 2021 as compared to 2020.

With the continuing spread of the coronavirus pandemic, organizations across the globe are gradually flattening their recessionary curve by leveraging technology. Many businesses will go through response, recovery, and renewal phases. Building business resilience and enabling agility will aid organizations to move forward in their journey out of the COVID-19 crisis towards the Next Normal.

This post-pandemic business planning research will aid clients to:

  • Adjust their strategic planning to move ahead once business stability kicks in.
  • Build Resilience by making effective resource and investment choices for individual business units, products, and service lines.
  • Conceptualize scenario-based planning to mitigate future crisis situations.

Download the Post-Pandemic Business Planning Structure

Key Considerations for Market Forecast:

  • Impact of lockdowns, supply chain disruptions, demand destruction, and change in customer behavior
  • Optimistic, probable, and pessimistic scenarios for all markets as the impact of pandemic unfolds
  • Pre- as well as post-COVID-19 market estimates
  • Quarterly impact analysis and updates on market estimates

Related Report on Industrials Include:

Global Industrial Robot Vision Systems Market – Global industrial robot vision systems market is segmented by application (material handling, welding and soldering, dispensing, assembling and disassembling, and others), and geography (APAC, Europe, MEA, North America, and South America).
Download the Exclusive Free Sample Report

Global Vision Guided Robotics Market – Global vision-guided robotics market is segmented by type (2D-vision system and 3D-vision system), application (logistics, welding, inspection and cleaning, and painting), and geography (North America, Europe, APAC, South America, and MEA).
Download the Exclusive Free Sample Report

Major Three Inspection Robots Market Participants:

Cognex Corp.
The company offers various machine vision products with similar economic characteristics, with the same production processes, and distributed to customers through sales channels. The company offers robot-guided valve inspection to verify the proper placement of valve bridges during assembly.

Eddyfi NDT Inc.
The company offers inspection instruments, inspection robots and scanners, probes and sensors, and software for surface eddy current array, pulsed eddy current, magnetic flux leakage, guided-wave ultrasonics, and other applications. The company offers a wide range of inspection robots such as Magg HD, Versatrax 50, Versatrax 100, and others.

Ensign-Bickford Industries Inc.
The company offers hardware and energetic systems for use in spacecraft, military, and industrial applications. The company offers inspection robots under HONEYBEE ROBOTICS, LTD. that are mainly for High-performance, reliable motion control components, and integrated solutions.

If you purchase a report that is updated in the next 60 days, we will send you the new edition and data extract FREE! Get the report snapshot here to get a detailed market share analysis of market participants during COVID-19 lockdown:

https://www.technavio.com/report/inspection-robots-market-industry-analysis

Inspection Robots Market 2021-2025: Segmentation

Inspection robots market is segmented as below:

  • End-user
    • Oil And Gas
    • Petrochemicals
    • Food And Beverages
    • Others
  • Type
    • ROVs
    • Autonomous Robots
  • Geography
    • Europe
    • APAC
    • North America
    • MEA
    • South America

The inspection robots market is driven by the advantages of robotic inspection over manual inspection. In addition, the increasing number of M&As are expected to trigger the inspection robots market toward witnessing a CAGR of almost 29% during the forecast period.

Get more insights about the global trends impacting the future of the inspection robots market, Request Free Sample @ https://www.technavio.com/talk-to-us?report=IRTNTR40023

Market Drivers

Market Challenges

Market Trends

Vendor Landscape

  • Vendors covered
  • Vendor classification
  • Market positioning of vendors
  • Competitive scenario

About Us
Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio’s report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

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Technavio Research
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Email: [email protected]
Website: www.technavio.com/
Report: www.technavio.com/report/inspection-robots-market-industry-analysis

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Energy

Asia/Pacific Market Trends to Boost Global Off-Road Equipment in 2021

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CLEVELAND, May 11, 2021 /PRNewswire/ — A new Freedonia Group analysis projects a strong post-pandemic rebound for the global market for off-road equipment (i.e., construction, agricultural, mining, and forestry machinery) in 2021, with demand expected to rise 5.4% to $439 billion:

  • In 2020, the COVID-19 pandemic precipitated a sharp sales decline as demand for off-road equipment plummeted in key end-use industries – particularly construction and mining.
  • As the pandemic recedes and revenues strengthen in these industries, however, all major off-road equipment markets are poised to rebound in 2021.

Healthy Growth Expected in All Regions Post Pandemic

In 2021 and beyond, the Asia/Pacific region will continue to drive global sales growth, supported by rebounding construction and rising investment as the pandemic recedes:

  • China, Australia, South Korea, and several other countries saw lesser disruption or earlier recoveries than other parts of the world, which will boost advances in 2021.
  • Central and South America will register the fastest advances post pandemic, albeit from a smaller base, spurred by rising mechanization rates as more foreign-run firms enter and invest in key local industries.

While North America and Western Europe will contribute to global expansion through 2025, short term growth in these mature markets will continue to be constrained by weak mining output and a protracted recovery in nonresidential construction.

Innovation Key Driver of Long-Term Growth

The Freedonia Group forecasts global demand for off-road equipment to increase 3.8% annually through 2025. Long-term advances will be boosted by rising investment in state-of-the-art technologies designed to help customers improve efficiency and productivity, particularly:

  • autonomous equipment and robotics
  • fuel efficient and low- or zero-emission equipment
  • advanced ergonomics and improved operator comfort
  • predictive maintenance, global positioning, drones, and other solutions made capable by advances in the industrial internet of things (IIoT)

Want to Learn More?

Global Off-Road Equipment 2021 is now available from the Freedonia Group. This study analyzes global demand for off-road equipment.

Demand values are provided for 2019, 2020, 2021, and 2025 at the manufacturers’ level in current US dollars (i.e., not adjusted to account for inflation). Demand is segmented by equipment type and world region. Data include the value of replacement parts and attachments sold separately. Values do not take into account retail markups. Also excluded are the values of software and services.

Off-road equipment demand is segmented by the following machinery types:

  • construction
  • agricultural
  • mining
  • forestry

The study also provides estimates of demand for smart machinery by equipment type. Smart machinery is defined as equipment that can operate autonomously or semi-autonomously and greatly enhance the abilities of the operator by connecting, sharing, and interacting with other devices to make decisions without human intervention.

While demand for drones is presented in the study, it is not included in the equipment demand totals. Also, drones used by government agencies or environmental groups to monitor forested land are excluded from the study.

About the Freedonia Group – The Freedonia Group, a division of MarketResearch.com, is the premier international industrial research company, providing our clients with product analyses, market forecasts, industry trends, and market share information. From one-person consulting firms to global conglomerates, our analysts provide companies with unbiased, reliable industry market research and analysis to help them make important business decisions. With over 100 studies published annually, we support over 90% of the industrial Fortune 500 companies. Find off-the-shelf studies at https://www.freedoniagroup.com/ or contact us for custom research: +1 440.842.2400.

Press Contact:
Corinne Gangloff
+1 440.842.2400
[email protected]

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Sinopec: Acelerar el desarrollo de marca global para liderar el desarrollo empresarial de calidad

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En el foro sobre Creación de Marca Corporativa de China celebrado el 10 de mayo, el discurso de apertura de Zhang Yuzhuo declaró solemnemente que Sinopec acelerará para construir una marca independiente de clase mundial para liderar mejor el desarrollo de alta calidad de la empresa.

La capacidad de fabricación en China continúa creciendo y desarrollándose, mostrando una fuerte vitalidad y creatividad con un mayor número de marcas chinas que salen al exterior.

Durante 38 años, Sinopec ha destacado en fortalecer la construcción de marca y se ha comprometido a llevar a la sociedad productos químicos y energéticos más limpios, de alta gama y más diversos. Cumpliendo sus promesas de marca con acciones y responsabilidades, Sinopec continuará satisfaciendo las necesidades de las personas para una vida mejor y promoverá el valor, la reputación y la influencia de la marca de la compañía.

“Sinopec dará un paso adelante en la construcción de una marca de clase mundial, adhiriéndose a la propuesta de valor de marca de ‘La innovación lidera el futuro de la industria, creando una vida mejor con responsabilidad’, además de crear el lema de la marca ‘Energía más limpia, mejor vida’ profundamente arraigado en los corazones de los clientes, entrando en miles y miles de hogares como una empresa internacional responsable”, dijo Zhang Yuzhuo, presidente de Sinopec.

En el futuro, Sinopec implantará la estrategia de marca enérgicamente y establecerá firmemente el concepto de “la calidad siempre está un paso por delante” y “cada gota de aceite es una promesa” para resaltar el compromiso de Sinopec con la calidad primero, acelerando la promoción de la vitalidad de la marca. Guiado por la implantación de una estrategia de desarrollo líder en el mundo, Sinopec reforzará su gestión de operaciones y acelerará para mejorar el soporte de la marca.

Al aprovechar la oportunidad de construir una empresa de tecnología pionera, Sinopec también continuará innovando e impulsando la competitividad de su marca, además de acelerar la transición verde y baja en carbono, promoviendo energía fósil limpia, energía no fósil escalada y producción baja en carbono. proceso para garantizar que alcance el pico de emisiones de carbono antes de la meta de China y se esfuerce por lograr la neutralidad en carbono para 2050.

Además, Sinopec apoyará proyectos clave de revitalización rural, Juegos Olímpicos de Invierno de Beijing 2022, iniciativa Health Express, jornadas de puertas abiertas, gasolineras benéficas para trabajadores sanitarios y más para consolidar la responsabilidad social y elevar la influencia de la marca, haciendo de “responsable” una palabra clave de la marca Sinopec.

Acerca de Sinopec

Sinopec Corp. es una de las empresas de energía y química integradas más grandes de China. Sus operaciones principales incluyen la exploración y producción, transporte por oleoductos y venta de petróleo y gas natural; la venta, el almacenamiento y el transporte de productos petrolíferos, productos petroquímicos, productos químicos del carbón, fibra sintética, fertilizantes y otros productos químicos; la importación y exportación, incluso una agencia de importación y exportación, de petróleo, gas natural, productos petrolíferos, productos petroquímicos y químicos, y otras materias primas y tecnologías; y la investigación, el desarrollo y la aplicación de tecnologías e información.

Sinopec tiene como misión corporativa “ponerle combustible a la bella vida”; identifica a “las personas, la responsabilidad, la integridad, la precisión, la innovación y la posibilidad de que todos ganen” como sus valores corporativos centrales; persigue estrategias orientadas al valor, el desarrollo impulsado por la innovación, la asignación integrada de recursos, la cooperación abierta y el crecimiento ecológico y bajo en carbono; y se esfuerza por lograr su visión corporativa de construir una empresa líder mundial en energía y química.

Para más información, visite: http://www.sinopecgroup.com/group/en/.

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SOURCE Sinopec

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Worldwide Forklift Industry to 2030 – Featuring Komatsu, Hyundai Heavy Industries and Mitsubishi Forklift Among Others

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DUBLIN, May 11, 2021 /PRNewswire/ — The “Forklift Market – Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2020-2030” report has been added to ResearchAndMarkets.com’s offering.

This recent report on the forklift market, with the help of a comprehensive outlook, provides readers with an assessment of the global market landscape. This study on the forklift market analyzes the scenario for the period of 2019 to 2030, wherein, 2019 is the base year and 2018 and before is historical data. This report enables readers to make important decisions with regard to their business, with the help of a wealth of information enclosed in the study.

This study on the forklift market also provides data on the developments made by important players and stakeholders in the market, along with a competitive analysis. The report also provides an understanding of the strengths, weaknesses, threats, and opportunities, along with the trends and restraints in the landscape. Presented in a clear sanctioned manner, this report on the forklift market gives readers an individual understanding of the market.

This study also discusses the underlying trends and impact of various factors that are driving the forklift market, along with their influence on the evolution of the market.

This study also offers Porter’s Five Point Analysis, value chain analysis, regulatory scenario, and a SWOT analysis of the forklift market, in order to elaborate the crucial growth tactics and opportunities for market players contributing to the market.

Key Questions Answered in This Report on Forklift Market

  • How much value will the forklift market generate by the end of the forecast period?
  • Which segment of the market is likely to have the maximum market share by 2030?
  • What are the impact factors and there effects on the market for forklift?
  • What regions currently contribute the maximum share to the overall forklift market?
  • What are the indicators expected to drive the forklift market?
  • What region is likely to be a lucrative market during the forecast period?
  • What are the essential strategies by key stakeholders in the forklift market to expand their geographic presence?
  • What are the major advancements witnessed in the forklift market?
  • How regulatory norms affected the market for forklift market?

This report answers these questions and more about the forklift market, aiding major stakeholders and key players in making the right decisions and strategizing for the advancement of their business.

Forklift Market: Research Methodology

This report on the forklift market is based on a complete and comprehensive evaluation of the market, backed by secondary and primary sources. Market volume is determined by country wise model mapping of vehicle through internal & external proprietary databases, and relevant patent and regulatory databases. The competitive scenario of the forklift market is supported by an assessment of the different factors that influence the market on a minute and granular level. By thoroughly analyzing the historical data, current trends and announcement by the key players, researchers of the forklift market arrive at predictions and estimations, and calculate the forecast for the market.

This report uses an analytical triangulation method to estimate the numbers and figures of the forklift market, with both a bottom-up and top-down approach.

This detailed assessment of the forklift market, along with an overview of the landscape, is provided based on a careful examination of the avenues related to this industry. Analysts’ conclusions on how the forklift market is estimated to expand are based on carefully vetted primary and secondary sources.

Key Topics Covered:

1. Preface
1.1. Market Definition and Scope
1.2. Market Segmentation
1.3. Key Research Objectives
1.4. Research Highlights

2. Assumptions and Research Methodology
2.1. Research Methodology
2.1.1. Primary Research and List of Primary Sources
2.1.2. Secondary Research and Sources
2.2. Key assumptions for Data Modelling

3. Executive Summary: Global Forklift market
3.1. Global Forklift Market Volume (Million Tons) and Value (US$ Mn) Forecast, 2019-2030

4. Market Overview
4.1. Introduction
4.2. Global Market – Macro Economic Factors
4.3. Industry Dynamics
4.4. Market Dynamics
4.4.1. Drivers
4.4.2. Restraints
4.4.3. Opportunity
4.4.4. Impact Analysis of Drivers and Restraints
4.5. Market Factor Analysis
4.5.1. Porter’s Five Force Analysis
4.5.2. PESTEL Analysis
4.5.3. Value Chain Analysis
4.5.3.1. List of Key Manufacturers
4.5.3.2. List of Customers
4.5.3.3. Level of Integration
4.5.4. SWOT Analysis
4.6. Regulatory Scenario
4.7. Technology Roadmap
4.8. Impact Analysis
4.8.1. Rise in logistics and warehouses
4.8.2. Increase in construction across globe

5. Global Forklift Market Analysis and Forecast, by Type
5.1. Definition
5.2. Market Snapshot
5.3. Global Forklift Market Volume (Million Tons) and Value (US$ Mn) Forecast, by Type, 2019-2030
5.3.1. Counterbalanced
5.3.2. Rough Terrain
5.3.3. Side Loaders
5.3.4. Telescopic Handlers
5.3.5. Powered Pallets
5.3.6. Others

6. Global Forklift Market Analysis and Forecast, by Application
6.1. Market Snapshot
6.2. Global Forklift Market Volume (Million Tons) and Value (US$ Mn) Forecast, by Application, 2019-2030
6.2.1. Industrial
6.2.2. Construction
6.2.3. Logistics
6.2.4. Others

7. Global Forklift Market Analysis and Forecast, by Propulsion
7.1. Market Snapshot
7.2. Global Forklift Market Volume (Million Tons) and Value (US$ Mn) Forecast, by Propulsion, 2019-2030
7.2.1. Diesel
7.2.2. Gasoline
7.2.3. Electric
7.2.4. Hybrid Electric

8. Global Forklift Market Analysis and Forecast, by Class
8.1. Definition
8.2. Market Snapshot
8.3. Global Forklift Market Volume (Million Tons) and Value (US$ Mn) Forecast, by Class, 2019-2030
8.3.1. Class-1
8.3.2. Class-2
8.3.3. Class-3
8.3.4. Class-4
8.3.5. Class-5& Above

9. Global Forklift Market Analysis and Forecast, by Operation
9.1. Market Snapshot
9.2. Global Forklift Market Volume (Million Tons) and Value (US$ Mn) Forecast, by Operation, 2019-2030
9.2.1. Autonomous
9.2.2. Manual

10. Global Forklift Market Analysis and Forecast, by Region
10.1. Market Snapshot
10.2. Global Forklift Market Volume (Million Tons) and Value (US$ Mn) Forecast, by Region, 2019-2030
10.2.1. North America
10.2.2. Latin America
10.2.3. Europe
10.2.4. Asia Pacific
10.2.5. Middle East & Africa

11. North America Forklift Market Volume (Million Tons) and Value (US$ Mn) Forecast, 2019-2030

12. Europe Forklift Market Volume (Million Tons) and Value (US$ Mn) Forecast, 2019-2030

13. Asia Pacific Forklift Market Volume (Million Tons) and Value (US$ Mn) Forecast, 2019-2030

14. Middle East & Africa Forklift Market Volume (Million Tons) and Value (US$ Mn) Forecast, 2019-2030

15. Latin America Forklift Market Volume (Million Tons) and Value (US$ Mn) Forecast, 2019-2030

16. Competition Landscape
16.1. Market Analysis By Company (2018)
16.2. Market Player – Competition Matrix (By Tier and Size of companies)
16.3. Key Market Players (Details – Overview, Recent Developments, Strategy)
16.3.1. Hyster-Yale Material Handling Inc.
16.3.1.1. Overview
16.3.1.2. Recent Developments
16.3.1.3. Strategy
16.3.2. Komatsu Limited
16.3.2.1. Overview
16.3.2.2. Recent Developments
16.3.2.3. Strategy
16.3.3. Hyundai Heavy Industries Ltd
16.3.3.1. Overview
16.3.3.2. Recent Developments
16.3.3.3. Strategy
16.3.4. Mitsubishi Forklift Corporation
16.3.4.1. Overview
16.3.4.2. Recent Developments
16.3.4.3. Strategy
16.3.5. KION Group AG
16.3.5.1. Overview
16.3.5.2. Recent Developments
16.3.5.3. Strategy
16.3.6. Toyota Industries Corporation
16.3.6.1. Overview
16.3.6.2. Recent Developments
16.3.6.3. Strategy
16.3.7. Crown Equipment Corporation
16.3.7.1. Overview
16.3.7.2. Recent Developments
16.3.7.3. Strategy
16.3.8. Anhui Heli Co. Ltd
16.3.8.1. Overview
16.3.8.2. Recent Developments
16.3.8.3. Strategy
16.3.9. Clark Material Handling Company
16.3.9.1. Overview
16.3.9.2. Recent Developments
16.3.9.3. Strategy
16.3.10. Comblift Limited
16.3.10.1. Overview
16.3.10.2. Recent Developments
16.3.10.3. Strategy
16.3.11. Doosan Industrial Vehicle America Corporation
16.3.11.1. Overview
16.3.11.2. Recent Developments
16.3.11.3. Strategy
16.3.12. Hangcha Group Co. Ltd
16.3.12.1. Overview
16.3.12.2. Recent Developments
16.3.12.3. Strategy
16.3.13. Konecranes
16.3.13.1. Overview
16.3.13.2. Recent Developments
16.3.13.3. Strategy
16.3.14. Manitou Group
16.3.14.1. Overview
16.3.14.2. Recent Developments
16.3.14.3. Strategy
16.3.15. Godgej & Boyce Group
16.3.15.1. Overview
16.3.15.2. Recent Developments
16.3.15.3. Strategy
16.3.16. Lonking Forklift Co.
16.3.16.1. Overview
16.3.16.2. Recent Developments
16.3.16.3. Strategy
16.3.17. Hubtex Maschinenbau GmbH & Co. KG
16.3.17.1. Overview
16.3.17.2. Recent Developments
16.3.17.3. Strategy
16.3.18. Unicarriers Americas
16.3.18.1. Overview
16.3.18.2. Recent Developments
16.3.18.3. Strategy

For more information about this report visit https://www.researchandmarkets.com/r/5whsu

Media Contact:

Research and Markets
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[email protected]

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Caterpillar Announces New 2030 Sustainability Goals and Reports Environmental, Social and Governance (ESG) Progress

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DEERFIELD, Ill., May 11, 2021 /PRNewswire/ — Caterpillar Inc. (NYSE: CAT) illustrates how it continues to help its customers build a better, more sustainable world in its 2020 Sustainability Report published today. In addition to highlighting the company’s progress through 2020, the report introduces Caterpillar’s new sustainability goals to achieve by 2030.

“Caterpillar is well-positioned to continue improving the quality of the environment and communities by helping our customers fulfill society’s basic needs such as shelter, clean water, education and reliable energy, in a sustainable way,” said Caterpillar Chairman and CEO Jim Umpleby. “We are demonstrating our commitment to a reduced-carbon future in many ways, including through our significant progress in reducing greenhouse gas (GHG) emissions from our operations and our continued investment in new products, technologies and services that help customers achieve their climate-related objectives as they build a better, more sustainable world.”

Caterpillar’s seven new 2030 sustainability goals will enhance the company’s performance and impact and are focused on ESG topics within its own operations, as well as product stewardship in support of its customers’ sustainability goals. Five are centered on climate and the environment, and two focus on employee and customer safety. 

  • Employee Health & Safety: We aspire to prevent all injuries and further our industry-leading safety results by reducing recordable injury frequency (RIF) by 50% from 2018 to 2030. 
  • Operations Energy & Emissions: We have set a science-based Scope 1 and 2 goal to reduce absolute greenhouse gas emissions from our operations by 30% from 2018 to 2030. 
  • Operations Water: Implement water management strategies at 100% of facilities located in water high-risk areas by 2030. 
  • Operations Waste: Reduce landfill intensity by 50% from 2018 to 2030. 
  • Product Emissions & Energy Efficiency: 100% of Caterpillar’s new products through 2030 will be more sustainable than the previous generation through collaborating with customers, reduced waste, improved design for rebuild/remanufacturing, lower emissions or improved efficiency. 
  • Remanufacturing: Increase sales and revenues from remanufacturing offerings by 25% from 2018 to 2030. 
  • Customer Safety: Provide leadership in the safety of people who work in, on and around our products. 

The 2020 Sustainability Report, prepared in alignment with Sustainability Accounting Standards Board (SASB) criteria, underscores how Caterpillar provides value to customers by developing innovative products and services to help them meet their ESG objectives. As we move beyond our 2020 goals, the report highlights progress, including:

  • 93% reduction in recordable injury frequency (RIF) since 2003, including delivering the best recordable injury frequency safety performance on record two years in a row (2019 and 2020) while providing essential products and services;
  • 51% reduction in absolute greenhouse gas emissions from 2006 baseline;
  • 43% reduction in absolute water consumption from 2006 baseline; and
  • 33% of annual aggregate electrical energy needs sourced with alternative and renewable sources.

In addition, the 2020 Caterpillar Annual Report is also available. It highlights how the company’s enterprise strategy for long-term profitable growth positioned its team to provide the essential products and services that enabled its customers to support a world in need. You can read both reports at https://reports.caterpillar.com/.

About Caterpillar

With 2020 sales and revenues of $41.7 billion, Caterpillar Inc. is the world’s leading manufacturer of construction and mining equipment, diesel and natural gas engines, industrial gas turbines, and diesel-electric locomotives. Since 1925, we’ve been driving sustainable progress and helping customers build a better world through innovative products and services. Throughout the product life cycle, we offer services built on cutting-edge technology and decades of product expertise. These products and services, backed by our global dealer network, provide exceptional value to help our customers succeed. We do business on every continent, principally operating through three primary segments – Construction Industries, Resource Industries, and Energy & Transportation – and providing financing and related services through our Financial Products segment. Visit us at caterpillar.com or join the conversation on our social media channels at caterpillar.com/social-media.

Forward-looking Statements

Certain statements in this press release relate to future events and expectations and are forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Words such as “believe,” “estimate,” “will be,” “will,” “would,” “expect,” “anticipate,” “plan,” “forecast,” “target,” “guide,” “project,” “intend,” “could,” “should” or other similar words or expressions often identify forward-looking statements. All statements other than statements of historical fact are forward-looking statements, including, without limitation, statements regarding our outlook, projections, forecasts or trend descriptions. These statements do not guarantee future performance and speak only as of the date they are made, and we do not undertake to update our forward-looking statements.

Caterpillar’s actual results may differ materially from those described or implied in our forward-looking statements based on a number of factors, including, but not limited to: (i) global and regional economic conditions and economic conditions in the industries we serve; (ii) commodity price changes, material price increases, fluctuations in demand for our products or significant shortages of material; (iii) government monetary or fiscal policies; (iv) political and economic risks, commercial instability and events beyond our control in the countries in which we operate; (v) international trade policies and their impact on demand for our products and our competitive position, including the imposition of new tariffs or changes in existing tariff rates; (vi) our ability to develop, produce and market quality products that meet our customers’ needs; (vii) the impact of the highly competitive environment in which we operate on our sales and pricing; (viii) information technology security threats and computer crime; (ix) inventory management decisions and sourcing practices of our dealers and our OEM customers; (x) a failure to realize, or a delay in realizing, all of the anticipated benefits of our acquisitions, joint ventures or divestitures; (xi) union disputes or other employee relations issues; (xii) adverse effects of unexpected events; (xiii) disruptions or volatility in global financial markets limiting our sources of liquidity or the liquidity of our customers, dealers and suppliers; (xiv) failure to maintain our credit ratings and potential resulting increases to our cost of borrowing and adverse effects on our cost of funds, liquidity, competitive position and access to capital markets; (xv) our Financial Products segment’s risks associated with the financial services industry; (xvi) changes in interest rates or market liquidity conditions; (xvii) an increase in delinquencies, repossessions or net losses of Cat Financial’s customers; (xviii) currency fluctuations; (xix) our or Cat Financial’s compliance with financial and other restrictive covenants in debt agreements; (xx) increased pension plan funding obligations; (xxi) alleged or actual violations of trade or anti-corruption laws and regulations; (xxii) additional tax expense or exposure, including the impact of U.S. tax reform; (xxiii) significant legal proceedings, claims, lawsuits or government investigations; (xxiv) new regulations or changes in financial services regulations; (xxv) compliance with environmental laws and regulations; (xxvi) the duration and geographic spread of, business disruptions caused by, and the overall global economic impact of, the COVID-19 pandemic; and (xxvii) other factors described in more detail in Caterpillar’s Forms 10-Q, 10-K and other filings with the Securities and Exchange Commission.

SOURCE Caterpillar Inc.

Related Links

http://www.caterpillar.com

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