The business enterprise R&D expenditure in the US wholesale and retail trade, and repair of motor vehicles and motorcycles sector is projected to grow steadily from 2024 to 2028. In 2024, expenditure is forecasted to be 15.9 billion USD PPP, rising to 20.36 billion USD by 2028. Year-on-year growth rates are steady, with percentages like 7.2% from 2024 to 2025 and 6.8% from 2027 to 2028, indicating a consistent upward trend. By examining the five-year compound annual growth rate from 2024 to 2028, businesses can anticipate an average annual increase of around 6.3%.
Future trends to monitor include the impact of technological advancements and sustainability initiatives on R&D spending. The integration of AI and digitization could drive innovation and efficiency. Additionally, shifts in consumer preferences and regulatory changes may influence R&D priorities in this sector.
