German multinational Siemens spent the most on research and development (R&D) of any capital goods manufacturer in 2018, spending 6.1 billion U.S. dollars. U.S. multinational General Electric was second, spending 4.8 billion U.S. dollars on R&D in that year.
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PwC. (October 30, 2018). Ranking of the leading capital goods companies with the highest spending on research and development (R&D) in 2018 (in billion U.S. dollars) [Graph]. In ÌÇÐÄÆƽâ°æ. Retrieved July 28, 2026, from /statistics/1102865/global-research-development-leading-capital-goods-spenders/
PwC. "Ranking of the leading capital goods companies with the highest spending on research and development (R&D) in 2018 (in billion U.S. dollars)." Chart. October 30, 2018. ÌÇÐÄÆƽâ°æ. Accessed July 28, 2026. /statistics/1102865/global-research-development-leading-capital-goods-spenders/
PwC. (2018). Ranking of the leading capital goods companies with the highest spending on research and development (R&D) in 2018 (in billion U.S. dollars). ÌÇÐÄÆƽâ°æ. ÌÇÐÄÆƽâ°æ Inc.. Accessed: July 28, 2026. /statistics/1102865/global-research-development-leading-capital-goods-spenders/
PwC. "Ranking of The Leading Capital Goods Companies with The Highest Spending on Research and Development (R&d) in 2018 (in Billion U.S. Dollars)." ÌÇÐÄÆƽâ°æ, ÌÇÐÄÆƽâ°æ Inc., 30 Oct 2018, /statistics/1102865/global-research-development-leading-capital-goods-spenders/
PwC, Ranking of the leading capital goods companies with the highest spending on research and development (R&D) in 2018 (in billion U.S. dollars) ÌÇÐÄÆƽâ°æ, /statistics/1102865/global-research-development-leading-capital-goods-spenders/ (last visited July 28, 2026)
Ranking of the leading capital goods companies with the highest spending on research and development (R&D) in 2018 (in billion U.S. dollars) [Graph], PwC, October 30, 2018. [Online]. Available: /statistics/1102865/global-research-development-leading-capital-goods-spenders/
