The 2023 data shows the United States leading with a sizeable R&D expenditure in furniture manufacturing compared to other countries, followed by the United Kingdom and Japan. Most countries observed modest year-on-year growth, with Canada (5.35%) and Finland (7.11%) showing strong increases, while Lithuania (-6.42%) and Romania (-12.42%) saw declines. Over five years, Estonia had the highest average annual growth rate, while Mexico demonstrated a significant decrease in spending.
Future trends suggest focusing on technological advancements, sustainable materials, and automation in furniture manufacturing. Countries like the United States and the United Kingdom are expected to continue leading in R&D expenditure, while emerging markets may strive to increase their investment to stay competitive.
Top countries in Business Enterprise R&D Expenditure in Manufacture of Furniture by Country
| # | 10 Countries | Million US Dollars PPP = 2015 | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 United States | 411.28 | 2023 | -0.093% | +1.34% | View data |
| 2 | 2 United Kingdom | 168.38 | 2023 | +4.7% | +3.43% | View data |
| 3 | 3 Japan | 153.61 | 2023 | +6.46% | +1.73% | View data |
| 4 | 4 Italy | 140.99 | 2023 | +7.1% | +0.25% | View data |
| 5 | 5 Germany | 45.17 | 2023 | +0.16% | +1.81% | View data |
| 6 | 6 Canada | 25.97 | 2023 | +3.86% | +5.35% | View data |
| 7 | 7 Norway | 20.06 | 2023 | +5.93% | +1.85% | View data |
| 8 | 8 Spain | 19.9 | 2023 | -0.85% | +4.35% | View data |
| 9 | 9 Finland | 16.44 | 2023 | +11.4% | +7.11% | View data |
| 10 | 10 Portugal | 14.84 | 2023 | +2.81% | +8.02% | View data |
