Forecast: Business Enterprise R&D Expenditure in Manufacture of Wearing Apparel in the UK

In 2024, the Business Enterprise R&D Expenditure in the UK’s manufacture of wearing apparel is projected at 6.2 million US dollars (PPP 2015). This figure is set to increase annually by about 2.26%, reaching 6.75 million by 2028. From 2023 to 2028, the compound annual growth rate (CAGR) stands at approximately 2.27%. Overall growth signals modest, consistent investment in R&D within this sector.

Future trends to watch include:

• The impact of technological advancements on apparel manufacturing processes.
• Potential shifts in consumer demand towards sustainable and smart apparel.
• Regulatory changes influencing R&D tax credits and incentives.