| __timestamp | Dover Corporation | Parker-Hannifin Corporation |
|---|---|---|
| Wednesday, January 1, 2014 | 118411000 | 410132000 |
| Thursday, January 1, 2015 | 115037000 | 403085000 |
| Friday, January 1, 2016 | 104479000 | 359796000 |
| Sunday, January 1, 2017 | 130536000 | 336675000 |
| Monday, January 1, 2018 | 143033000 | 327877000 |
| Tuesday, January 1, 2019 | 140957000 | 294852000 |
| Wednesday, January 1, 2020 | 142101000 | 293837000 |
| Friday, January 1, 2021 | 157826000 | 259039000 |
| Saturday, January 1, 2022 | 163300000 | 191000000 |
| Sunday, January 1, 2023 | 153111000 | 258000000 |
| Monday, January 1, 2024 | 0 | 298000000 |
Unleashing insights
In the ever-evolving landscape of industrial manufacturing, research and development (R&D) play a pivotal role in driving innovation and maintaining competitive advantage. Over the past decade, Parker-Hannifin Corporation and Dover Corporation have demonstrated distinct approaches to R&D investment.
From 2014 to 2023, Parker-Hannifin consistently allocated a significant portion of its resources to R&D, peaking in 2014 with an investment that was more than double that of Dover. However, by 2022, Parker-Hannifin's R&D expenses had decreased by over 50%, reflecting a strategic shift or market adaptation. In contrast, Dover Corporation showed a steady increase in R&D spending, culminating in a 38% rise from 2014 to 2022.
These trends highlight the dynamic strategies of these industrial leaders, emphasizing the importance of R&D in fostering innovation and sustaining growth in a competitive market.
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