In 2023, China stood as the dominant leader with 44.43 units of Full-Time Equivalent (FTE) R&D personnel in the repair and installation of machinery and equipment sector. Italy followed with a notable yet distant second share at 16.92 units. The United Kingdom, Germany, and the Czech Republic also maintained significant shares. Year-on-year, China observed a 10.86% increase, indicating robust growth, while Canada faced a 12.67% decline. Over the past five years, the sector experienced varied growth rates, with emerging countries like New Zealand showing a remarkable 79.29% increase, contrasting with declines in Germany and Romania.
Future trends to watch:
- Continued dominance by China, potentially expanding its share further due to ongoing industrial advancements and commitments to innovation.
- Growth potential in emerging markets such as Lithuania and New Zealand, driven by increasing investments in technological capabilities.
- Stabilization efforts in European countries may lead to gradual increases in R&D personnel, especially in Italy and the Czech Republic.
- Potential challenges for countries like Canada and Romania, considering their declining trends, necessitating strategic adjustments to improve their R&D capabilities.
Top countries in Total Internal R&D Personnel in Repair and Installation of Machinery and Equipment Share by Country (Units (Full-Time Equivalent))
| # | 10 Countries | Percent | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 China | 44.43 | 2023 | +7.5% | +10.86% | View data |
| 2 | 2 Italy | 16.92 | 2023 | +3.77% | +3.03% | View data |
| 3 | 3 United Kingdom | 10.92 | 2023 | +2.64% | +0.019% | View data |
| 4 | 4 Germany | 6.94 | 2023 | -10.18% | -7.95% | View data |
| 5 | 5 Czech Republic | 6.12 | 2023 | -0.09% | +6.13% | View data |
| 6 | 6 Poland | 4.47 | 2023 | +3.04% | +2.94% | View data |
| 7 | 7 Hungary | 3.33 | 2023 | +4.34% | +4.23% | View data |
| 8 | 8 Spain | 1.92 | 2023 | +0.24% | -1.72% | View data |
| 9 | 9 Norway | 1.23 | 2023 | +1.04% | +8.45% | View data |
| 10 | 10 Canada | 0.99 | 2023 | -16.4% | -12.67% | View data |
