Off-Highway

That has allowed Sany Heavy Industry Co. and a host of smaller Chinese rivals to increase their market shares, according to previously unpublished data from Off-Highway Research, a London-based research and consulting firm.

Caterpillar Loses Ground In China's Excavator Market James R. Hagerty 2011

They also get tax breaks and other incentives from local Chinese governments and can afford to take a long-term view of the market rather than focusing on short-term profits, said David Phillips , managing director of Off-Highway, which sells its research to manufacturers and other interested parties.

Caterpillar Loses Ground In China's Excavator Market James R. Hagerty 2011

Preliminary data from Off-Highway for the first half show the company's market share in large excavators was little changed from 2010.

Caterpillar Loses Ground In China's Excavator Market James R. Hagerty 2011

In 2010, Caterpillar's market share for excavators in China was 7%, trailing Komatsu's 15% and Sany's 9%, according Off-Highway Research, a London-based research and consulting firm.

Caterpillar Profit Jumps 44% on Revenue Surge James R. Hagerty 2011

Morgan Stanley's data aren't directly comparable with those of Off-Highway.

Caterpillar Loses Ground In China's Excavator Market James R. Hagerty 2011

Caterpillar's sales of standard excavators in China quadrupled to 9,920 units in 2010 from 2,470 units in 2005, according to Off-Highway.

Caterpillar Loses Ground In China's Excavator Market James R. Hagerty 2011

Komatsu remained the biggest seller of standard excavators in China last year but its share of units sold there slipped to 15% from 18% in 2006 through 2008, according to Off-Highway Research.

Caterpillar Loses Ground In China's Excavator Market James R. Hagerty 2011

A spokeswoman for Komatsu said the Off-Highway data for its sales of such excavators in 2010 were correct.

Caterpillar Loses Ground In China's Excavator Market James R. Hagerty 2011

Robert Ramsay, president of Canadian Off-Highway Vehicle Distributors Council, said the decline in injuries only happened because Nova Scotia's restrictions led to fewer young people riding ATVs.

CBC | Top Stories News 2011

Aug. 20, 2010 - Bureau of Land Management Director Bob Abbey announced today that the agency will carefully review on a case-by-case basis each approved and pending request to hold Off-Highway Vehicle races on public lands for which it issues permits.

YubaNet.com 2010