Italy remains the top contributor to European R&D in furniture manufacturing in 2023, with expenditures of 48.93 million Euros. Forecasted data for 2024 suggests Poland remains a significant player, exhibiting strong growth in the previous year with an 8.23% increase. Belgium and Finland also showed impressive growth rates at 6.36% and 5.25%, respectively. Meanwhile, Portugal's expenditures surged by 15.18%, indicating a robust investment trend. The Czech Republic and Croatia maintained stability in their R&D contributions, with minimal fluctuations reported.
Future trends in European R&D investment may focus on sustainability and innovation, as governments and companies prioritize eco-friendly manufacturing practices. Additionally, advances in smart furniture technology could drive further R&D investments across various countries, enhancing productivity and competitiveness in the global market.
Top countries in Business Expenditure on R&D in Furniture Manufacturing Share by Country (Million Euros)
| # | 10 Countries | Percent | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Italy | 48.93 | 2023 | +9.82% | +0.35% | View data |
| 2 | 2 Poland | 19.12 | 2023 | +15.38% | +8.23% | View data |
| 3 | 3 Belgium | 10.84 | 2023 | +12.19% | +6.36% | View data |
| 4 | 4 Spain | 10.15 | 2021 | View data | ||
| 5 | 5 Sweden | 8.51 | 2021 | View data | ||
| 6 | 6 Finland | 7.85 | 2023 | +8.93% | +5.25% | View data |
| 7 | 7 Portugal | 6.61 | 2023 | +12.2% | +15.18% | View data |
| 8 | 8 Czech Republic | 2.02 | 2023 | +0.81% | +0.64% | View data |
| 9 | 9 Hungary | 1.26 | 2021 | View data | ||
| 10 | 10 Croatia | 1.09 | 2023 | +43.75% | View data |
