Research and Development: Comparing Key Metrics for PACCAR Inc and CNH Industrial N.V.

A Decade of Innovation: R&D Trends in the Heavy Machinery Sector

In the competitive landscape of heavy machinery, research and development (R&D) is the engine driving innovation. Over the past decade, CNH Industrial N.V. and PACCAR Inc have been at the forefront, investing significantly in R&D to maintain their competitive edge. From 2014 to 2023, CNH Industrial N.V. consistently allocated a substantial portion of its resources to R&D, peaking in 2021 with a 24% increase from its 2015 low. Meanwhile, PACCAR Inc demonstrated a steady upward trend, culminating in a 91% increase in R&D spending by 2023 compared to 2014. This commitment to innovation underscores the importance of R&D in sustaining growth and adapting to market demands. Notably, the data for 2024 is incomplete, highlighting the dynamic nature of financial reporting. As these industry giants continue to innovate, their R&D investments will likely shape the future of heavy machinery.