In 2023, Germany dominated Europe’s R&D expenditure in the motor vehicles and trailers sector, with 31.86 billion Euros, reflecting a modest growth of 3.31% YoY. Italy and Spain followed, contributing 2.06 and 1.37 billion Euros, with significant increases of 4.79% and 21.27%, respectively. Smaller markets like Estonia and Lithuania outpaced larger countries in relative growth, showing 23.05% and 12.5% expansions in 2023. Over the past five years, Estonia reported the highest average annual growth, highlighting a burgeoning interest in automotive R&D.
Future trends to watch include the influence of sustainable technologies on R&D priorities, the impact of evolving European regulations, and potential shifts in funding towards electric vehicle innovations, potentially altering the landscape of R&D investment across different countries.
Top countries in Business Enterprise R&D Expenditure in Manufacture of Motor Vehicles, Trailers and Semi-Trailers by Country
| # | 8 Countries | Million Euros | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Germany | 31,860 | 2023 | +8.33% | +3.31% | View data |
| 2 | 2 Italy | 2,060 | 2023 | +3.02% | +4.79% | View data |
| 3 | 3 Spain | 1,370 | 2023 | +22.8% | +21.27% | View data |
| 4 | 4 Slovakia | 137.58 | 2023 | +17.22% | +3.15% | View data |
| 5 | 5 Finland | 70.66 | 2023 | +4.89% | +5.8% | View data |
| 6 | 6 Portugal | 41.93 | 2023 | -0.53% | +4.07% | View data |
| 7 | 7 Estonia | 5.08 | 2023 | +5.93% | +23.05% | View data |
| 8 | 8 Lithuania | 4.6 | 2023 | +12.2% | +12.5% | View data |
