The global landscape of R&D personnel in the fabricated metal products industry is dominated by China, holding a significant 74.52% share as of 2023. Italy, South Korea, and the UK follow closely, but with much smaller shares of 4.67%, 4.53%, and 3.75%, respectively. Notable year-on-year increases were observed in China (8.16%), South Korea (5.88%), and Hungary (13.81%), while Canada (-7.06%), Spain (-1.19%), and Romania (-6.14%) saw declines. Over the past two years, notable growth trends include Estonia's growth at 10.38%, indicating potential future shifts. Meanwhile, countries like Japan and Taiwan continue to maintain moderate gains at 5.14% and 4.72% respectively.
Looking forward, growth is expected to be driven by China’s continued emphasis on R&D, likely maintaining its dominant position. Additionally, increasing investments in R&D activities in South Korea and Hungary could challenge existing dynamics. Conversely, countries experiencing decline, such as Canada and Spain, may need policy changes to reverse these trends. Monitoring technological advancements and shifts in manufacturing demands will be crucial to understanding future alterations in R&D personnel distribution globally.
Top countries in Total Internal R&D Personnel 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 | 74.52 | 2023 | +4.64% | +8.16% | View data |
| 2 | 2 Italy | 4.67 | 2023 | +4% | +3.74% | View data |
| 3 | 3 South Korea | 4.53 | 2023 | +4.94% | +5.88% | View data |
| 4 | 4 United Kingdom | 3.75 | 2023 | +2.17% | -0.32% | View data |
| 5 | 5 Germany | 3.71 | 2023 | +1.11% | +2.02% | View data |
| 6 | 6 Japan | 2.65 | 2023 | +2.31% | +5.14% | View data |
| 7 | 7 Poland | 1.34 | 2023 | +4.36% | +7.41% | View data |
| 8 | 8 Taiwan | 1.07 | 2023 | +1.94% | +4.72% | View data |
| 9 | 9 Canada | 0.91 | 2023 | -7.46% | -7.06% | View data |
| 10 | 10 Spain | 0.74 | 2023 | -0.54% | -1.19% | View data |
