In 2023, the United States led global R&D expenditure in the wholesale and retail trade; repair of motor vehicles and motorcycles sector with $13.68 billion, showing a 2.81% increase. Japan saw a significant rise of 59.2%, while Canada, South Korea, and Italy displayed moderate growth rates between 3% and 6%. Meanwhile, Poland, Taiwan, and Portugal reported notable rises at 9.29%, 11.96%, and 12.17%, respectively. Conversely, countries such as Norway, Chile, and Estonia experienced declines. Within Europe, Germany and the UK maintained stable expenditure levels.
Key future trends to watch include:
- The continued technological integration in retail and automotive sectors propelling R&D investments.
- An increasing emphasis on sustainable and electric vehicle technologies driving expenditure shifts.
- Potential geopolitical factors influencing cross-border R&D collaborative ventures.
- Anticipation of divergent growth rates as emerging markets potentially accelerate their R&D spend.
- Impacts of regulatory changes and consumer behavior shifts on enterprises' R&D allocation.
Top countries in Business Enterprise R&D Expenditure in Wholesale and Retail Trade; Repair of Motor Vehicles and Motorcycles by Country
| # | 10 Countries | Million US Dollars PPP = 2015 | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 United States | 13,680 | 2023 | +8.24% | +2.81% | View data |
| 2 | 2 Japan | 8,790 | 2023 | +38.02% | +59.2% | View data |
| 3 | 3 United Kingdom | 2,190 | 2021 | -27.03% | View data | |
| 4 | 4 Canada | 1,830 | 2023 | +2.37% | +3.45% | View data |
| 5 | 5 South Korea | 1,430 | 2023 | +4.63% | +5.59% | View data |
| 6 | 6 Italy | 1,210 | 2023 | +12.35% | +5.21% | View data |
| 7 | 7 Poland | 755.52 | 2023 | +4.96% | +9.29% | View data |
| 8 | 8 Germany | 636.84 | 2023 | +3.68% | +1.24% | View data |
| 9 | 9 Spain | 570.6 | 2023 | +2.36% | +4.17% | View data |
| 10 | 10 Taiwan | 519.92 | 2023 | +11.29% | +11.96% | View data |
