The 2023 European Business Enterprise R&D Expenditure in Transportation and Storage showed Germany leading with €133.16 million, followed by Italy at €86.68 million. Finland and Portugal also had notable investments at €41.31 million and €27.38 million respectively. Smaller economies like Estonia, Lithuania, Latvia, and Slovenia reported lower expenditures, with Slovenia experiencing a slight decline. Year-on-year variations in 2023 reveal a positive trend with Finland and Portugal having significant increases at 25.07% and 12.46%, while Slovenia saw a decrease of 2.95%. Overall, the sector indicates a dynamic growth pattern across most countries.
Future trends to watch include:
- Enhanced R&D investments in sustainable and autonomous transportation solutions, driven by EU green policies.
- Increased funding towards electric vehicles, digital logistics, and smart storage systems.
- Germany may maintain its leadership, while Italy and Finland could accelerate their growth further.
- Emerging trends in digital transformation may drive smaller countries' investment strategies.
Top countries in Business Enterprise R&D Expenditure in Transportation and Storage by Country
| # | 8 Countries | Million Euros | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Germany | 133.16 | 2023 | +1.01% | +0.054% | View data |
| 2 | 2 Italy | 86.68 | 2023 | +12.54% | +5.92% | View data |
| 3 | 3 Finland | 41.31 | 2023 | +14.81% | +25.07% | View data |
| 4 | 4 Portugal | 27.38 | 2023 | +22.82% | +12.46% | View data |
| 5 | 5 Estonia | 2.89 | 2021 | View data | ||
| 6 | 6 Lithuania | 2.62 | 2023 | +20.3% | +1.52% | View data |
| 7 | 7 Latvia | 1.69 | 2023 | +11.81% | +5.65% | View data |
| 8 | 8 Slovenia | 0.47 | 2023 | +0.43% | -2.95% | View data |
