As of 2023, the Czech Republic leads in R&D expenditure on railway locomotives and rolling stock manufacturing, spending 0.054% of GDP. Spain, Poland, Italy, and Finland follow with lower investments at 0.01%, 0.007%, 0.003%, and 0.001% respectively. Notably, in 2023, Czech Republic's expenditure surged by 17.61%, while Poland saw a modest increase of 3.13%, and Italy remained unchanged. No data is provided for Spain and Finland. Over the past five years, the Czech Republic likely experienced the highest CAGR, reflecting robust growth in R&D investments.
Future trends to watch include:
- Increasing cross-border European collaborations for innovation.
- Potential shifts in investment due to EU policy changes promoting sustainable transportation.
- Emerging technologies like autonomous rail systems possibly driving up R&D expenditure.
Top countries in Business Expenditure on R&D in Railway Locomotives and Rolling Stock Manufacturing by Country
| # | 5 Countries | Percent of GDP | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Czech Republic | 0.054 | 2023 | +14.89% | +17.61% | View data |
| 2 | 2 Spain | 0.01 | 2021 | View data | ||
| 3 | 3 Poland | 0.007 | 2023 | +16.67% | +3.13% | View data |
| 4 | 4 Italy | 0.003 | 2023 | 0% | 0% | View data |
| 5 | 5 Finland | 0.001 | 2021 | View data |
