In 2023, the United States led global business enterprise R&D expenditure in transportation and storage, significantly outspending other countries with a value of $15.3 billion PPP. Japan followed with $0.64299 billion PPP. Notable year-on-year growth was observed in the United States (74.64%), Poland (55.93%), and Finland (26.23%). However, South Korea and Slovenia experienced declines with -1.11% and -2.04% respectively. Over the past five years, varied growth rates emerged across these countries, indicating diverse investment dynamics in R&D expenditure within the transportation and storage sector.
Future trends to watch include:
- Increasing investments from smaller economies aiming to strengthen their R&D capabilities.
- Potential shifts in R&D priorities influenced by advancements in sustainable transportation technologies.
- Impact of geopolitical factors and global economic conditions on R&D funding allocation.
Top countries in Business Enterprise R&D Expenditure in Transportation and Storage by Country
| # | 10 Countries | Million US Dollars PPP | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 United States | 15,300 | 2023 | +51% | +74.64% | View data |
| 2 | 2 Japan | 642.99 | 2023 | +7.3% | +3.7% | View data |
| 3 | 3 Germany | 183.83 | 2023 | +1.44% | +0.36% | View data |
| 4 | 4 Spain | 143.05 | 2023 | +9.13% | +4.08% | View data |
| 5 | 5 Italy | 140.58 | 2023 | +15.6% | +8.06% | View data |
| 6 | 6 United Kingdom | 111.55 | 2021 | -39.56% | View data | |
| 7 | 7 South Korea | 105.8 | 2023 | +2.07% | -1.11% | View data |
| 8 | 8 Poland | 59.17 | 2023 | +33.19% | +55.93% | View data |
| 9 | 9 Norway | 53.19 | 2023 | +10.24% | +4.37% | View data |
| 10 | 10 Finland | 50.69 | 2023 | +15.08% | +26.23% | View data |
