The analysis of R&D expenditures in the motor vehicles, trailers, and semi-trailers manufacturing sector reveals a varied landscape across European countries. In 2023, Sweden led with 0.47% of its GDP allocated to R&D in this sector, while Finland had the smallest share at 0.021%. The Czech Republic and Malta saw significant growth in expenditure, 2.29% and 47.82% respectively. Conversely, Italy and Belgium experienced slight declines in their spending, and Poland decreased by 5.18%.
Future trends indicate an increased focus on sustainable technology innovations. Companies may bolster R&D efforts in countries with favorable policies or that are poised to manufacture electric vehicles and other green transportation solutions. The continued evolution of automotive technology and policy-driven market dynamics are key to watch.
Top countries in Business Expenditure on R&D in Motor Vehicles, Trailers and Semi-Trailers Manufacturing by Country
| # | 10 Countries | Percent of GDP | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Sweden | 0.47 | 2023 | +0.64% | View data | |
| 2 | 2 Czech Republic | 0.33 | 2023 | +7.57% | +2.29% | View data |
| 3 | 3 Croatia | 0.19 | 2023 | +50.39% | View data | |
| 4 | 4 Hungary | 0.16 | 2021 | View data | ||
| 5 | 5 Slovakia | 0.13 | 2023 | +12.61% | +1.73% | View data |
| 6 | 6 Malta | 0.12 | 2023 | +27.66% | +47.82% | View data |
| 7 | 7 Spain | 0.097 | 2021 | View data | ||
| 8 | 8 Italy | 0.093 | 2023 | 0% | -0.21% | View data |
| 9 | 9 Belgium | 0.051 | 2023 | -1.92% | -1.5% | View data |
| 10 | 10 Poland | 0.046 | 2023 | +2.22% | -5.18% | View data |
