As of 2023, business enterprise R&D expenditure in the U.S. manufacture of fabricated metal products (except machinery and equipment) stood at 6.3 billion USD. From 2024 to 2028, the forecasted expenditure increases steadily, reaching 10.1 billion USD by 2028. Year-on-year growth is approximately 11% from 2024 to 2025, 10% from 2025 to 2026, 9% from 2026 to 2027, and 8% from 2027 to 2028. Over the five-year period, the CAGR is expected to be around 9.66%.
Future trends to watch for:
- Technological innovation driving R&D investment
- Impact of economic policies on R&D expenditure
- Sustainability and eco-friendly practices influencing R&D direction
- Potential global supply chain disruptions affecting R&D prioritization
