Caterpillar Raises Sales Outlook on Data Center Boom Caterpillar's resilience in the face of economic uncertainty has been a defining feature of its recent growth trajectory.
Despite headwinds from trade tensions and recessionary fears, the heavy machinery manufacturer has managed to stay ahead of the curve. The data center construction boom is driving demand for Caterpillar's products.
Data centers are being built at an unprecedented rate worldwide, with industry analysts estimating that the number of active data centers has roughly tripled over the past decade alone.