Global Industrial Exoskeletons Market

Global 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 Region: Trend Forecast and Growth Opportunity

Global Industrial Exoskeletons Market

Global 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 Region: Trend Forecast and Growth Opportunity


Discover the latest insights into the booming Industrial Exoskeletons Market. This report analyzes market size, growth trends (CAGR ), key players, and regional performance, offering valuable data for investors and industry professionals. Explore market drivers, restraints, and future projections for -.

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Global industrial exoskeletons market will reach $7.02 billion by 2032, growing by 36.5% 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 98 tables and 137 figures, this 228-page report “Global 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 Region: Trend Forecast and Growth Opportunity” is based on a comprehensive research of the entire global 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 global 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 global industrial exoskeletons market in every aspect of the classification from perspectives of Offering, Function, Mobility, Power, Structure, Application, and Region.

Based on Offering, the global 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 global 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 global 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 global 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 global 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 global 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 regions together with the listed national/local markets are fully investigated:

• North America (U.S., Canada, and Mexico)

• Europe (Germany, UK, France, Spain, Italy, Russia, Rest of Europe; Rest of Europe is further segmented into Netherlands, Switzerland, Poland, Sweden, Belgium, Austria, Ireland, Norway, Denmark, and Finland)

• APAC (Japan, China, South Korea, Australia, India, and Rest of APAC; Rest of APAC is further segmented into Malaysia, Singapore, Indonesia, Thailand, New Zealand, Vietnam, Taiwan, and Philippines)

• South America (Brazil, Chile, Argentina, Rest of South America)

• MEA (Israel, Saudi Arabia, South Africa, and Rest of MEA)

For each region and country, detailed analysis and data of annual revenue ($ mn) and volume (units) are available for 2022-2032. The breakdown of all regional markets by country and the breakdown of each national market 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 11

1.1 Industry Definition and Research Scope 11

1.1.1 Industry Definition 11

1.1.2 Research Scope 13

1.2 Research Methodology 16

1.2.1 Overview of Market Research Methodology 16

1.2.2 Market Assumption 17

1.2.3 Secondary Data 17

1.2.4 Primary Data 17

1.2.5 Data Filtration and Model Design 18

1.2.6 Market Size/Share Estimation 19

1.2.7 Research Limitations 20

1.3 Executive Summary 21

2 Market Overview and Dynamics 24

2.1 Market Size and Forecast 24

2.1.1 Impact of COVID-19 on World Economy 27

2.1.2 Impact of COVID-19 on the Market 30

2.1.3 Impact of Russia-Ukraine Conflict: War Slows Economic Recovery 32

2.2 Major Growth Drivers 36

2.3 Market Restraints and Challenges 40

2.4 Emerging Opportunities and Market Trends 43

2.5 Porter’s Fiver Forces Analysis 47

3 Segmentation of Global Market by Offering 51

3.1 Market Overview by Offering 51

3.2 Hardware 53

3.2.1 Sensors 54

3.2.2 Actuators 55

3.2.3 Power Sources 56

3.2.4 Controllers 57

3.2.5 Other Hardware 58

3.3 Software 59

3.4 Services 60

4 Segmentation of Global Market by Function 61

4.1 Market Overview by Function 61

4.2 Upper Body Exoskeletons 65

4.3 Lower Body Exoskeletons 67

4.4 Full Body Exoskeletons 69

5 Segmentation of Global Market by Mobility 71

5.1 Market Overview by Mobility 71

5.2 Mobile Exoskeletons 75

5.3 Stationary Exoskeletons 77

5.4 Tethered Exoskeletons 79

6 Segmentation of Global Market by Power 81

6.1 Market Overview by Power 81

6.2 Active/Powered Exoskeletons 85

6.2.1 Electric Actuator 87

6.2.2 Pneumatic Actuator 88

6.2.3 Hydraulic Actuator 89

6.2.4 Mechanical Actuator 90

6.2.5 Other Types 91

6.3 Passive Exoskeletons 92

7 Segmentation of Global Market by Structure 94

7.1 Market Overview by Structure 94

7.2 Rigid Exoskeletons 98

7.3 Soft Exoskeletons 100

8 Segmentation of Global Market by Application 102

8.1 Market Overview by Application 102

8.2 Manufacture 106

8.3 Construction 108

8.4 Transport and Logistics 110

8.5 Other Applications 112

9 Segmentation of Global Market by Region 114

9.1 Geographic Market Overview 2022-2032 114

9.2 North America Market 2022-2032 by Country 120

9.2.1 Overview of North America Market 120

9.2.2 U.S. 126

9.2.3 Canada 129

9.2.4 Mexico 131

9.3 European Market 2022-2032 by Country 133

9.3.1 Overview of European Market 133

9.3.2 Germany 139

9.3.3 U.K. 141

9.3.4 France 143

9.3.5 Spain 145

9.3.6 Italy 147

9.3.7 Russia 149

9.3.8 Rest of European Market 151

9.4 Asia-Pacific Market 2022-2032 by Country/Region 153

9.4.1 Overview of Asia-Pacific Market 153

9.4.2 Japan 159

9.4.3 China 162

9.4.4 Australia 164

9.4.5 India 166

9.4.6 South Korea 168

9.4.7 Rest of APAC Region 170

9.5 South America Market 2022-2032 by Country 172

9.5.1 Argentina 178

9.5.2 Brazil 180

9.5.3 Chile 182

9.5.4 Rest of South America Market 184

9.6 MEA Market 2022-2032 by Country 185

9.6.1 Israel 191

9.6.2 Saudi Arabia 193

9.6.3 South Africa 195

9.6.4 Other National Markets 197

10 Competitive Landscape 198

10.1 Overview of Key Vendors 198

10.2 New Product Launch, Partnership, Investment, and M&A 202

10.3 Company Profiles 205

AlterG Inc. 205

Atoun Inc. 207

Axosuits SRL 208

Bionik Laboratiories Corp. 209

B-Temia Inc. 210

Cyberdyne Inc. 211

DIH Technologies Corporation 212

Ekso Bionics Holdings Inc. 213

Gogoa Mobility Robots SL 214

Hocoma AG 215

Honda Motor Co., Ltd. 216

Innophys Co., Ltd. 217

Japet Medical Devices 218

Lockheed Martin Corp. 219

Marsi Bionics, S.L. 220

Myomo Inc. 221

Panasonic Holdings Corp. 222

Parker-Hannifin Corp. 223

ReWalk Robotics Inc. 224

Rex Bionics Ltd. 225

US Bionics Inc. (Suitx) 226

Wearable Robotics SRL 227

RELATED REPORTS 228

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.
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 Industrial Exoskeletons Market shifting its focus from growth to value?
Recognize the areas along the 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 Industrial Exoskeletons Industry, and what is the projected growth trajectory through 2030?
In 2024, the Industrial Exoskeletons Market share surpassed USD xx million, and between 2025 and 2030, it will grow at a CAGR of yy%.
What is Industrial Exoskeletons Market Concentration Rate?
In addition to the 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 Industrial Exoskeletons Market.
What are the primary data sources used to evaluate the Industrial Exoskeletons Market sizing?
The majority of data for the Industrial Exoskeletons Industry is gathered through primary sources, which include interviews and surveys with industry experts from the core and related industries involved in the supply chain. Secondary sources, such as SEC filings, annual reports, whitepapers, and press releases, are also used.