In 2023, China dominated global research in fabricated metal products manufacturing with 52.21% share, reflecting a 3.22% year-on-year increase. South Korea and Japan followed at 14.36% and 8.54%, experiencing 6.2% and 4.59% growth respectively. Notable growth occurred in Poland at 11.16% and Hungary at 11.75%. Conversely, the UK and Canada saw declines, falling by 1.08% and 6.34%. Smaller markets like Estonia surged by 13.81%, though Lithuania decreased by 10.59%. Over the past five years, these trends show modest growth with innovation concentrated in Asia and Eastern Europe experiencing volatility.
Future trends may see increased competition from emerging markets like Eastern Europe due to technological advancements. The sustainability drive could also reshape R&D priorities, impacting resource allocation and international research dynamics within this sector.
Top countries in Total Researchers in Manufacture of Fabricated Metal Products (Except Machinery and Equipment) Share by Country (Units (Full-Time Equivalent))
| # | 10 Countries | Percent | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 China | 52.21 | 2023 | +2.48% | +3.22% | View data |
| 2 | 2 South Korea | 14.36 | 2023 | +5.1% | +6.2% | View data |
| 3 | 3 Japan | 8.54 | 2023 | +3.51% | +4.59% | View data |
| 4 | 4 Germany | 5.07 | 2023 | +0.95% | +2.01% | View data |
| 5 | 5 United Kingdom | 4.88 | 2023 | +0.36% | -1.08% | View data |
| 6 | 6 Italy | 4.01 | 2023 | +4.33% | +4.12% | View data |
| 7 | 7 Poland | 2.97 | 2023 | +4.45% | +11.16% | View data |
| 8 | 8 Taiwan | 1.84 | 2023 | +3.41% | +5.64% | View data |
| 9 | 9 Canada | 1.58 | 2023 | -5.7% | -6.34% | View data |
| 10 | 10 Spain | 1.33 | 2023 | +1.22% | +1.22% | View data |
