In 2023, China dominated Global Business Enterprise R&D expenditure in the manufacture of fabricated metal products with a share of 65.18 million USD PPP, followed by the United States at 17.52 million USD. Germany, Italy, Japan, and Poland held moderate shares, while other countries contributed minimal amounts. The year-on-year values reveal growth in China (19.0%), the United States (21.7%), and notable gains in Hungary (16.28%) and Estonia (47.49%), whereas Finland and Lithuania observed declines. Over the past five years, these trends likely reflect China's strategic investments and the effects of technological advancements globally.
Future trends to watch include the potential impact of emerging technologies, such as automation and artificial intelligence, on R&D priorities within the sector. Countries with increasing R&D investments, like China and the United States, are expected to further drive innovation, shaping global competitive dynamics. Additionally, sustainability requirements could influence R&D direction, prompting a shift towards greener technologies.
Top countries in Business Enterprise R&D Expenditure in Manufacture of Fabricated Metal Products (Except Machinery and Equipment) Share by Country (Million US Dollars PPP)
| # | 10 Countries | Percent | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 China | 65.18 | 2023 | +14.74% | +19% | View data |
| 2 | 2 United States | 17.52 | 2023 | +15.25% | +21.7% | View data |
| 3 | 3 Germany | 4.41 | 2023 | +2.37% | +3.23% | View data |
| 4 | 4 Italy | 2.14 | 2023 | +8.01% | +0.82% | View data |
| 5 | 5 Japan | 2.1 | 2023 | +3.29% | +4.77% | View data |
| 6 | 6 Poland | 1.93 | 2023 | +12.22% | +12.17% | View data |
| 7 | 7 Spain | 0.84 | 2023 | +8.39% | +4.87% | View data |
| 8 | 8 Canada | 0.79 | 2023 | +0.97% | +0.055% | View data |
| 9 | 9 Taiwan | 0.74 | 2023 | +3.32% | +4.84% | View data |
| 10 | 10 Norway | 0.45 | 2023 | +0.94% | +4.6% | View data |
