In 2023, Sweden leads the European Business Expenditure on R&D in Motor Vehicles, Trailers, and Semi-Trailers Manufacturing with €2.82 billion, maintaining its position without growth. Italy follows with €1.54 billion but shows a decline. Spain records significant investment with €1.17 billion, while the Czech Republic, growing by 3.19%, leads among smaller economies. Belgium and Slovakia also indicate upward trends. Meanwhile, Croatia, Serbia, and Portugal are marked by negligible or declining investment, although Finland and Malta are on a rapid upward trajectory, the latter achieving substantial growth.
Future trends suggest a focus on sustainable and innovative practices, such as electric and autonomous vehicles, could drive research and development investment. Markets may shift towards eco-friendly technologies, influencing R&D allocation distributions significantly.
Top countries in Business Expenditure on R&D in Motor Vehicles, Trailers and Semi-Trailers Manufacturing by Country
| # | 10 Countries | Million Euros | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Sweden | 2,820 | 2023 | +4.99% | View data | |
| 2 | 2 Italy | 1,540 | 2023 | -0.29% | -1.64% | View data |
| 3 | 3 Spain | 1,170 | 2021 | View data | ||
| 4 | 4 Czech Republic | 720.98 | 2023 | +11.41% | +3.19% | View data |
| 5 | 5 Belgium | 272.67 | 2023 | +3.37% | +1.42% | View data |
| 6 | 6 Poland | 269.95 | 2023 | +4.79% | -2.14% | View data |
| 7 | 7 Hungary | 251.65 | 2021 | View data | ||
| 8 | 8 Slovakia | 126.54 | 2023 | +15.67% | +2.75% | View data |
| 9 | 9 Croatia | 107.86 | 2023 | +52.4% | View data | |
| 10 | 10 Portugal | 83.27 | 2023 | +0.85% | +6.25% | View data |
