In 2023, China's R&D expenditure in the manufacture of fabricated metal products (excluding machinery and equipment) stood at a leading position globally, followed by the United States. Significant growth was observed in China's and the United States' expenditure, with year-on-year growth rates of 19.0% and 21.7%, respectively. Emerging economies like Poland and Portugal reported substantial increases, while countries like Finland and Lithuania experienced negative growth rates.
Future trends to watch include the integration of advanced technologies such as automation and AI in manufacturing processes, which may boost R&D spending across various countries. Additionally, sustainability efforts and a shift towards cleaner production methods could significantly influence future R&D investment patterns in the sector.
Top countries in Business Enterprise R&D Expenditure in Manufacture of Fabricated Metal Products (Except Machinery and Equipment) by Country
| # | 10 Countries | Million US Dollars PPP | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 China | 21,970 | 2023 | +14.74% | +19% | View data |
| 2 | 2 United States | 5,900 | 2023 | +15.25% | +21.7% | View data |
| 3 | 3 Germany | 1,490 | 2023 | +2.37% | +3.23% | View data |
| 4 | 4 Italy | 722.38 | 2023 | +8.01% | +0.82% | View data |
| 5 | 5 Japan | 708.85 | 2023 | +3.29% | +4.77% | View data |
| 6 | 6 Poland | 649.97 | 2023 | +12.22% | +12.17% | View data |
| 7 | 7 Spain | 283.11 | 2023 | +8.39% | +4.87% | View data |
| 8 | 8 Canada | 265.96 | 2023 | +0.97% | +0.055% | View data |
| 9 | 9 Taiwan | 248.44 | 2023 | +3.32% | +4.84% | View data |
| 10 | 10 Norway | 150.12 | 2023 | +0.94% | +4.6% | View data |
