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- 22.05.2014 - Caterpillar increases market share in China
22.05.2014 - Caterpillar increases market share in China
After a strong correction, the price of engineering giant Caterpillar has become much more attractive for long-term investment. Among the positive factors for the company should be noted company's activation on the markets of India and China, where is expected to the largest growth in demand for construction and mining equipment.
According to research, the global construction machinery market will increase from $ 143.6 billion in 2012 to $ 192.3 billion in 2017. India's share in the global construction market may increase from 4% to 7% by 2025 and beat Japan as the third largest market in the world. Another factor contributing to the growth in sales of power equipment and machinery for mines will be growth in electricity consumption in China.
We expect growth of stock price in the medium and long term, and recommend buying the stock.