In 2023, business enterprise R&D expenditure in Germany's wholesale, retail trade, and repair of motor vehicles and motorcycles sector stood at an undisclosed amount. The forecast indicates steady growth in this area from 2024 to 2028, with an average annual increase of 3-4%. Specifically, R&D expenditure is expected to grow from €588.33 million in 2024 to €680.13 million in 2028.
Future trends to watch for include:
- The impact of technological advancements on R&D activities, particularly in automation and digitalization.
- Shifts in consumer preferences influencing R&D focus areas.
- Regulatory changes that may affect the innovation strategies within the sector.