| __timestamp | Avery Dennison Corporation | Lennox International Inc. |
|---|---|---|
| Wednesday, January 1, 2014 | 102500000 | 60700000 |
| Thursday, January 1, 2015 | 91900000 | 62300000 |
| Friday, January 1, 2016 | 89700000 | 64599999 |
| Sunday, January 1, 2017 | 93400000 | 73600000 |
| Monday, January 1, 2018 | 98200000 | 72200000 |
| Tuesday, January 1, 2019 | 92600000 | 69900000 |
| Wednesday, January 1, 2020 | 112800000 | 66800000 |
| Friday, January 1, 2021 | 136600000 | 76100000 |
| Saturday, January 1, 2022 | 136100000 | 80300000 |
| Sunday, January 1, 2023 | 135800000 | 94000000 |
| Monday, January 1, 2024 | 0 | 0 |
Igniting the spark of knowledge
In the competitive landscape of industrial innovation, Avery Dennison Corporation and Lennox International Inc. stand out as key players. Over the past decade, Avery Dennison has consistently outpaced Lennox in research and development (R&D) spending. From 2014 to 2023, Avery Dennison's R&D expenses grew by approximately 32%, peaking in 2021 with a 37% higher investment than Lennox. Meanwhile, Lennox showed a steady increase, culminating in a 55% rise in 2023 compared to 2014. This trend highlights Avery Dennison's commitment to innovation, maintaining a lead in R&D investment. However, Lennox's recent surge suggests a strategic pivot towards innovation. As we look to the future, the missing data for 2024 leaves room for speculation on how these companies will continue to prioritize innovation in their growth strategies.
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