In 2023, the United States led global R&D expenditure in furniture manufacturing with $39.19 million, followed by the United Kingdom, Japan, Italy, and Germany. Canada and several Nordic countries like Norway and Finland also showed significant investment. Major growth over the last year was recorded in Portugal and Estonia, while Lithuania and Mexico saw declines. Over five years, the expenditure indicates steady growth in established markets, but newer players like Estonia show rapid increases, suggesting potential shifts.
Future trends point to increased R&D investments in developing markets and tech-centric approaches in traditional furniture manufacturing hubs. Sustainability and smart furniture technologies could drive further diversification in expenditure allocation globally.
Top countries in Business Enterprise R&D Expenditure in Manufacture of Furniture Share by Country (Million US Dollars PPP = 2015)
| # | 10 Countries | Percent | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 United States | 39.19 | 2023 | -0.093% | +1.34% | View data |
| 2 | 2 United Kingdom | 16.04 | 2023 | +4.7% | +3.43% | View data |
| 3 | 3 Japan | 14.64 | 2023 | +6.46% | +1.73% | View data |
| 4 | 4 Italy | 13.43 | 2023 | +7.1% | +0.25% | View data |
| 5 | 5 Germany | 4.3 | 2023 | +0.16% | +1.81% | View data |
| 6 | 6 Canada | 2.47 | 2023 | +3.86% | +5.35% | View data |
| 7 | 7 Norway | 1.91 | 2023 | +5.93% | +1.85% | View data |
| 8 | 8 Spain | 1.9 | 2023 | -0.85% | +4.35% | View data |
| 9 | 9 Finland | 1.57 | 2023 | +11.4% | +7.11% | View data |
| 10 | 10 Portugal | 1.41 | 2023 | +2.81% | +8.02% | View data |
