In 2023, Japan, Germany, and China were leading in R&D expenditure for motor vehicles, trailers, and semi-trailers, with Japan slightly ahead. Germany showed strong growth with a 2.54% increase year-on-year, surpassing the growth rate of Japan and China. The United Kingdom and Poland experienced notable increases, at 5.11% and 5.28% respectively. Eastern European countries like Hungary and Lithuania showed impressive growth, reflecting regional development. Meanwhile, Taiwan and Mexico saw declines in R&D spending.
Future trends to watch include the impact of advancements in electric and autonomous vehicle technology. Countries heavily investing in these areas, such as Germany and Japan, are likely to maintain or enhance their positions. Additionally, the focus on sustainable transportation could spur further R&D growth in developing economies, especially in Eastern Europe.
Top countries in Business Enterprise R&D Expenditure in Manufacture of Motor Vehicles, Trailers and Semi-Trailers by Country
| # | 10 Countries | Million US Dollars PPP = 2015 | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Japan | 40,150 | 2023 | +2.47% | +2.36% | View data |
| 2 | 2 Germany | 37,590 | 2023 | +7.91% | +2.54% | View data |
| 3 | 3 China | 34,800 | 2023 | +5.13% | +2.35% | View data |
| 4 | 4 United States | 25,880 | 2023 | +2.97% | +1.29% | View data |
| 5 | 5 United Kingdom | 5,320 | 2023 | +4.04% | +5.11% | View data |
| 6 | 6 Italy | 2,660 | 2023 | +2.6% | +4.39% | View data |
| 7 | 7 Poland | 1,190 | 2023 | +15.6% | +5.28% | View data |
| 8 | 8 Hungary | 843.66 | 2023 | +10.76% | +11.77% | View data |
| 9 | 9 Romania | 526.82 | 2023 | +5.73% | +7.2% | View data |
| 10 | 10 Taiwan | 451.83 | 2023 | +1.33% | -1.42% | View data |
