Europe Industrial Exoskeletons Market

Europe Industrial Exoskeletons Market 2022-2032 by Offering (Hardware, Software, Service), Function (Upper Body, Lower Body, Full Body), Mobility (Mobile, Stationary, Tethered), Power (Active/Powered, Passive), Structure (Rigid, Soft), Application (Manufacture, Construction, Transport and Logistics, Others), and Country: Trend Forecast and Growth Opportunity

Europe Industrial Exoskeletons Market

Europe Industrial Exoskeletons Market 2022-2032 by Offering (Hardware, Software, Service), Function (Upper Body, Lower Body, Full Body), Mobility (Mobile, Stationary, Tethered), Power (Active/Powered, Passive), Structure (Rigid, Soft), Application (Manufacture, Construction, Transport and Logistics, Others), and Country: Trend Forecast and Growth Opportunity


Analysis of the Europe Industrial Exoskeletons Market reveals emerging trends, consumer adoption rates, and competitive strategies among leading manufacturers worldwide.

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Europe industrial exoskeletons market was valued at $69.6 million in 2022 and will grow by 36.2% annually over 2022-2032, driven by the increasing demand for improved safety and productivity in industrial manufacturing, the rising collaborations among vendors for the technological development, and the emerging innovative products of robotic exoskeletons.

Highlighted with 44 tables and 90 figures, this 161-page report “Europe Industrial Exoskeletons Market 2022-2032 by Offering (Hardware, Software, Service), Function (Upper Body, Lower Body, Full Body), Mobility (Mobile, Stationary, Tethered), Power (Active/Powered, Passive), Structure (Rigid, Soft), Application (Manufacture, Construction, Transport and Logistics, Others), and Country: Trend Forecast and Growth Opportunity” is based on a comprehensive research of the entire Europe industrial exoskeletons market and all its sub-segments through extensively detailed classifications. Profound analysis and assessment are generated from premium primary and secondary information sources with inputs derived from industry professionals across the value chain. The report is based on studies on 2020-2022 and provides forecast from 2023 till 2032 with 2022 as the base year. (Please note: The report will be updated before delivery so that the latest historical year is the base year, and the forecast covers at least 5 years over the base year.)

In-depth qualitative analyses include identification and investigation of the following aspects:

• Market Structure

• Growth Drivers

• Restraints and Challenges

• Emerging Product Trends & Market Opportunities

• Porter’s Fiver Forces

The trend and outlook of Europe market is forecast in optimistic, balanced, and conservative view by taking into account of COVID-19 and Russia-Ukraine conflict. The balanced (most likely) projection is used to quantify Europe industrial exoskeletons market in every aspect of the classification from perspectives of Offering, Function, Mobility, Power, Structure, Application, and Country.

Based on Offering, the Europe market is segmented into the following sub-markets with annual revenue ($ mn) for 2022-2032 included in each section.

• Hardware

o Sensors

o Actuators

o Power Sources

o Controllers

o Other Hardware

• Software

• Service

Based on Function, the Europe market is segmented into the following sub-markets with annual revenue ($ mn) and volume (units) for 2022-2032 included in each section.

• Upper Body Exoskeletons

• Lower Body Exoskeletons

• Full Body Exoskeletons

By Mobility, the Europe market is segmented into the following sub-markets with annual revenue ($ mn) and volume (units) for 2022-2032 included in each section.

• Mobile Exoskeletons

• Stationary Exoskeletons

• Tethered Exoskeletons

By Power, the Europe market is segmented into the following sub-markets with annual revenue ($ mn) and volume (units) for 2022-2032 included in each section.

• Active/Powered Exoskeletons

o Electric Actuator

o Pneumatic Actuator

o Hydraulic Actuator

o Mechanical Actuator

o Other Types

• Passive Exoskeletons

By Structure, the Europe market is segmented into the following sub-markets with annual revenue ($ mn) and volume (units) for 2022-2032 included in each section.

• Rigid Exoskeletons

• Soft Exoskeletons

By Application, the Europe market is segmented into the following sub-markets with annual revenue ($ mn) and volume (units) for 2022-2032 included in each section.

• Manufacture

• Construction

• Transport and Logistics

• Other Industrial Applications

Geographically, the following national/local markets are fully investigated:

• Germany

• UK

• France

• Spain

• Italy

• Russia

• Rest of Europe (further segmented into Netherlands, Switzerland, Poland, Sweden, Belgium, Austria, Ireland, Norway, Denmark, and Finland)

For each key country, detailed analysis and data for annual revenue ($ mn) and volume (units) are available for 2022-2032. The breakdown of national markets by Function, Mobility, and Application over the forecast years are also included.

The report also covers the current competitive scenario and the predicted trend; and profiles key vendors including market leaders and important emerging players.

Selected Key Players:

AlterG Inc.

Atoun Inc.

Axosuits SRL

Bionik Laboratiories Corp.

B-Temia Inc.

Cyberdyne Inc.

DIH Technologies Corporation

Ekso Bionics Holdings Inc.

Gogoa Mobility Robots SL

Hocoma AG

Honda Motor Co., Ltd.

Innophys Co., Ltd.

Japet Medical Devices

Lockheed Martin Corp.

Marsi Bionics, S.L.

Myomo Inc.

Panasonic Holdings Corp.

Parker-Hannifin Corp.

ReWalk Robotics Inc.

Rex Bionics Ltd.

US Bionics Inc. (Suitx)

Wearable Robotics SRL

(Please note: The report will be updated before delivery so that the latest historical year is the base year, and the forecast covers at least 5 years over the base year.)

1 Introduction 9

1.1 Industry Definition and Research Scope 9

1.1.1 Industry Definition 9

1.1.2 Research Scope 11

1.2 Research Methodology 14

1.2.1 Overview of Market Research Methodology 14

1.2.2 Market Assumption 15

1.2.3 Secondary Data 15

1.2.4 Primary Data 15

1.2.5 Data Filtration and Model Design 16

1.2.6 Market Size/Share Estimation 17

1.2.7 Research Limitations 18

1.3 Executive Summary 19

2 Market Overview and Dynamics 22

2.1 Market Size and Forecast 22

2.1.1 Impact of COVID-19 on World Economy 25

2.1.2 Impact of COVID-19 on the Market 28

2.1.3 Impact of Russia-Ukraine Conflict: War Slows Economic Recovery 30

2.2 Major Growth Drivers 34

2.3 Market Restraints and Challenges 38

2.4 Emerging Opportunities and Market Trends 41

2.5 Porter’s Fiver Forces Analysis 45

3 Segmentation of Europe Market by Offering 49

3.1 Market Overview by Offering 49

3.2 Hardware 51

3.2.1 Sensors 52

3.2.2 Actuators 53

3.2.3 Power Sources 54

3.2.4 Controllers 55

3.2.5 Other Hardware 56

3.3 Software 57

3.4 Services 58

4 Segmentation of Europe Market by Function 59

4.1 Market Overview by Function 59

4.2 Upper Body Exoskeletons 63

4.3 Lower Body Exoskeletons 65

4.4 Full Body Exoskeletons 67

5 Segmentation of Europe Market by Mobility 69

5.1 Market Overview by Mobility 69

5.2 Mobile Exoskeletons 73

5.3 Stationary Exoskeletons 75

5.4 Tethered Exoskeletons 77

6 Segmentation of Europe Market by Power 79

6.1 Market Overview by Power 79

6.2 Active/Powered Exoskeletons 83

6.2.1 Electric Actuator 85

6.2.2 Pneumatic Actuator 86

6.2.3 Hydraulic Actuator 87

6.2.4 Mechanical Actuator 88

6.2.5 Other Types 89

6.3 Passive Exoskeletons 90

7 Segmentation of Europe Market by Structure 92

7.1 Market Overview by Structure 92

7.2 Rigid Exoskeletons 96

7.3 Soft Exoskeletons 98

8 Segmentation of Europe Market by Application 100

8.1 Market Overview by Application 100

8.2 Manufacture 104

8.3 Construction 106

8.4 Transport and Logistics 108

8.5 Other Applications 110

9 European Market 2022-2032 by Country 112

9.1 Overview of European Market 112

9.2 Germany 117

9.3 U.K. 119

9.4 France 121

9.5 Spain 123

9.6 Italy 125

9.7 Russia 127

9.8 Rest of European Market 129

10 Competitive Landscape 131

10.1 Overview of Key Vendors 131

10.2 New Product Launch, Partnership, Investment, and M&A 135

10.3 Company Profiles 138

AlterG Inc. 138

Atoun Inc. 140

Axosuits SRL 141

Bionik Laboratiories Corp. 142

B-Temia Inc. 143

Cyberdyne Inc. 144

DIH Technologies Corporation 145

Ekso Bionics Holdings Inc. 146

Gogoa Mobility Robots SL 147

Hocoma AG 148

Honda Motor Co., Ltd. 149

Innophys Co., Ltd. 150

Japet Medical Devices 151

Lockheed Martin Corp. 152

Marsi Bionics, S.L. 153

Myomo Inc. 154

Panasonic Holdings Corp. 155

Parker-Hannifin Corp. 156

ReWalk Robotics Inc. 157

Rex Bionics Ltd. 158

US Bionics Inc. (Suitx) 159

Wearable Robotics SRL 160

RELATED REPORTS 161

Tables & Figures:
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Research Methodology:
This research study involved the extensive usage of both primary and secondary data sources. The research process involved the study of various factors affecting the industry, including the government policy, market environment, competitive landscape, historical data, present trends in the market, technological innovation, upcoming technologies and the technical progress in related industry, and market risks, opportunities, market barriers and challenges. The following illustrative figure shows the market research methodology applied in this report.
Europe Industrial Exoskeletons Market Size Estimation

To estimate market size and trends, we use a combination of top-down and bottom-up methods. This allows us to evaluate the market from various perspectives—by company, region, product type, and end users.

Our estimates are based on actual sales data, excluding any discounts. Segment breakdowns and market shares are calculated using weighted averages based on usage rates and average prices. Regional insights are determined by how widely a product or service is adopted in each area.

Key companies are identified through secondary sources like industry reports and company filings. We then verify revenue estimates and other key data points through primary research, including interviews with industry experts, company executives, and decision-makers.

We take into account all relevant factors that could influence the market and validate our findings with real-world input. Our final insights combine both qualitative and quantitative data to provide a well-rounded view. Please note, these estimates do not account for unexpected changes such as inflation, economic downturns, or policy shifts.

Data Source

Secondary Sources

This study draws on a wide range of secondary sources, including press releases, annual reports, non-profit organizations, industry associations, government agencies, and customs data. We also referred to reputable databases and directories such as Bloomberg, Wind Info, Hoovers, Factiva, Trading Economics, Statista, and others. Additional references include investor presentations, company filings (e.g., SEC), economic data, and documents from regulatory and industry bodies.

These sources were used to gather technical and market-focused insights, identify key players, analyze market segmentation and classification, and track major trends and developments across industries.

Market Size
  • Segmental value
  • Geographic Penetration
  • Product Adoption Rate for Different market
  • Journals, Websites, and Press Releases
  • Annual Reports and SEC Filings
  • Company Websites and Press Releases
  • Public and Paid Databases
  • Market Intellix Data Repository
Market Position of Top Company
  • Product Financials
  • Geographic value Mix
  • Total Company value
  • Business/Segmental value Mix
Qualitative Analysis
  • Influence Factors
  • Market Potential
  • Market Risks and Opportunities
  • Industry Trends
  • Geographical Features
  • Government Policies
  • Company Websites and Press Releases
  • Public and Paid Databases
  • Annual Reports
  • Industry Associations
  • Market Intellix Data Repository

Primary Sources

As part of our primary research, we interviewed a variety of stakeholders from both the supply and demand sides to gather valuable qualitative and quantitative insights.

On the supply side, we spoke with product manufacturers, competitors, industry experts, research institutions, distributors, traders, and raw material suppliers. On the demand side, we engaged with business leaders, marketing and sales heads, technology and innovation directors, supply chain executives, and end users across key organizations.

These conversations helped us better understand market segmentation, pricing, applications, leading players, supply chains, demand trends, industry outlook, and key market dynamics—including risks, opportunities, barriers, and strategic developments.

Key Data Information from Primary Sources

Primary Sources Parameters Key Data
Market Segments(by Application, by Type)
  • Value by Type
  • Status and Forecast
  • Value by Application
  • Value by Regions, Status and Forecast (2025-2031)
  • Value Market Share by Type
  • Value Growth Rate by Type
  • Value by Application
  • Percentage and Growth Rate by Application
  • Value Growth Rate and Market Share by Regions
  • Market Size Status and Forecast (2025-2031)
Total Market
  • Overall Size, Status and Forecast
  • Market Size Status and Forecast (2025-2031)
Frequently asked questions(FAQ's):
Is the Europe Industrial Exoskeletons Market shifting its focus from growth to value?
Recognize the areas along the Europe Industrial Exoskeletons Market's value chain where players are generating value. To get a complete picture, kindly read the entire report.
What is the current state of the Europe Industrial Exoskeletons Industry, and what is the projected growth trajectory through 2030?
In 2024, the Europe Industrial Exoskeletons Market share surpassed USD xx million, and between 2025 and 2030, it will grow at a CAGR of yy%.
What is Europe Industrial Exoskeletons Market Concentration Rate?
In addition to the Europe Industrial Exoskeletons Market share analysis by competitors, the report also includes chapters on the HHI Index, CR4, and CR8 to characterize the concentration rate and competitive character of the Europe Industrial Exoskeletons Market.
What is the estimated global market value of the Europe Industrial Exoskeletons Market?
The Europe Industrial Exoskeletons Market is expected to reach a considerable market valuation.