Comparing Innovation Spending: Deere & Company and Owens Corning

Innovation Investment: A Tale of Two Giants

In the ever-evolving landscape of industrial innovation, Deere & Company and Owens Corning stand as titans of their respective fields. Over the past decade, Deere & Company has consistently outpaced Owens Corning in research and development (R&D) spending. From 2014 to 2023, Deere & Company increased its R&D investment by approximately 58%, peaking in 2023 with a staggering 2.18 billion dollars. In contrast, Owens Corning's R&D expenses grew by about 62% over the same period, reaching 123 million dollars in 2023. This disparity highlights Deere's commitment to innovation, investing nearly 18 times more than Owens Corning in 2023. However, Owens Corning's steady growth in R&D spending underscores its strategic focus on innovation within its niche. As we look to the future, these investments will likely shape the competitive dynamics in their industries.