The global R&D expenditure in transportation and storage is highly dominated by the United States, with a significant share of 86.16 million USD PPP in 2024, showcasing strong growth from the previous year. Japan and Germany trail distantly, with modest year-on-year variations of 3.7% and 0.36%, respectively. Notably, Poland exhibits impressive growth, with a 55.93% increase. Other European countries show varied growth, such as Italy's 8.06% and Portugal's 13.14%. Conversely, South Korea experienced a decline of 1.11%. Over the past five years, CAGR has underscored consistent investment in major markets, particularly in the U.S., Japan, and Germany.
Future trends to watch include increasing digitization and sustainability efforts, which are likely to guide R&D investments. Countries with high technological capabilities, like South Korea and Japan, might shift focus towards autonomous vehicles and renewable energy in logistics. The U.S. is expected to maintain its leadership by further investing in innovative transportation technologies.
Top countries in Business Enterprise R&D Expenditure in Transportation and Storage Share by Country (Million US Dollars PPP)
| # | 10 Countries | Percent | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 United States | 86.16 | 2023 | +51% | +74.64% | View data |
| 2 | 2 Japan | 3.62 | 2023 | +7.3% | +3.7% | View data |
| 3 | 3 Germany | 1.04 | 2023 | +1.44% | +0.36% | View data |
| 4 | 4 Spain | 0.81 | 2023 | +9.13% | +4.08% | View data |
| 5 | 5 Italy | 0.79 | 2023 | +15.6% | +8.06% | View data |
| 6 | 6 United Kingdom | 0.63 | 2021 | -39.56% | View data | |
| 7 | 7 South Korea | 0.6 | 2023 | +2.07% | -1.11% | View data |
| 8 | 8 Poland | 0.33 | 2023 | +33.19% | +55.93% | View data |
| 9 | 9 Norway | 0.3 | 2023 | +10.24% | +4.37% | View data |
| 10 | 10 Finland | 0.29 | 2023 | +15.08% | +26.23% | View data |
