In 2024, Sweden leads Europe in R&D expenditure in Transportation and Storage with 326.76 million euros, followed by Belgium at 170.06 million euros and Spain at 148.07 million euros. Notably, growth was significant in countries like Sweden, which saw an 80.14% increase, and Finland with a 37.78% rise in 2023. Poland also marked a notable growth of 28.61%. Conversely, Portugal and Malta experienced declines.
Future trends indicate a continued push towards green and digital transformation. Countries with robust growth in R&D investment, such as Sweden and Finland, are likely to focus on sustainable solutions and smart logistics technologies, driving competitiveness and innovation in the European transportation sector.
Top countries in Business Expenditure on R&D in Transportation and Storage by Country
| # | 10 Countries | Million Euros | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Sweden | 326.76 | 2023 | +22.14% | +80.14% | View data |
| 2 | 2 Belgium | 170.06 | 2023 | +16.35% | +19.77% | View data |
| 3 | 3 Spain | 148.07 | 2021 | View data | ||
| 4 | 4 Italy | 72.63 | 2023 | +6.47% | +14.57% | View data |
| 5 | 5 Finland | 50.16 | 2023 | +24.56% | +37.78% | View data |
| 6 | 6 Portugal | 10.41 | 2023 | +10.4% | -2.47% | View data |
| 7 | 7 Hungary | 10.01 | 2021 | View data | ||
| 8 | 8 Poland | 8.71 | 2023 | +25.37% | +28.61% | View data |
| 9 | 9 Czech Republic | 1.54 | 2023 | -1.48% | +4.06% | View data |
| 10 | 10 Slovakia | 0.41 | 2021 | +336.84% | View data |
