In 2023, China leads global enterprise R&D investment in textiles and related fields at $9.73 billion, albeit a slight decline by 0.27%. Japan and Italy have displayed robust growth at 1.28% and 2.7%, positioning themselves as significant players. The United States follows closely with a 1.4% increase. In contrast, Taiwan and Spain experienced downturns. Notably, Estonia and Iceland have recorded substantial growth surges, indicating emerging capabilities in these markets.
Looking ahead, the textile sector's R&D is expected to focus heavily on sustainable practices and innovative material development. Asian dominance will persist, but significant growth opportunities exist in European and smaller markets emphasizing eco-friendly innovations and automation technologies.
Top countries in Business Enterprise R&D Expenditure in Manufacture of Textiles, Wearing Apparel, Leather and Related Products by Country
| # | 10 Countries | Million US Dollars PPP = 2015 | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 China | 9,730 | 2023 | -1.28% | -0.27% | View data |
| 2 | 2 Japan | 1,970 | 2023 | +12.24% | +1.28% | View data |
| 3 | 3 Italy | 1,150 | 2023 | +8.15% | +2.7% | View data |
| 4 | 4 United States | 1,010 | 2023 | +6.22% | +1.4% | View data |
| 5 | 5 Taiwan | 438.9 | 2023 | +2.43% | -2.44% | View data |
| 6 | 6 Germany | 153.25 | 2023 | +3.31% | +5.16% | View data |
| 7 | 7 Poland | 117.92 | 2023 | +12.37% | +4.33% | View data |
| 8 | 8 Spain | 93.27 | 2023 | -2.32% | -5.13% | View data |
| 9 | 9 Canada | 31.48 | 2023 | -2.28% | +5.03% | View data |
| 10 | 10 Czech Republic | 25.74 | 2023 | +0.34% | +1.44% | View data |
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