In 2023, the business enterprise R&D expenditure in Italy's wholesale and retail trade, repair of motor vehicles and motorcycles was not specified, but from 2024 onwards, there is a forecasted upward trend. From 2024 to 2028, the R&D expenditure is expected to grow from 1.03 billion euros to 1.33 billion euros, reflecting a steady increase year-on-year. The compound annual growth rate (CAGR) over these five years is significant, indicating a positive trend in investment within this sector.
Future trends to watch for:
- Emergence of sustainable and digital transformation initiatives prompting increased R&D investment.
- Potential regulatory pressures and consumer demand might drive innovations in vehicle repairs and retail efficiency.
- Expansion of e-commerce and omnichannel retailing could stimulate further R&D activities.