Europe Industrial Exoskeletons Market 2022-2032 by Offering (Hardware, Software, Service), Function (Upper Body, Lower Body, Full Body), Mobility (Mobile, Stationary, Tethered)

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

 

List of Tables:

 

Table 1.  Snapshot of Europe Industrial Exoskeletons Market in Balanced Perspective, 2022-2032 20

Table 2. World Economic Outlook, 2021-2031 26

Table 3. World Economic Outlook, 2021-2023 27

Table 4. Scenarios for Economic Impact of Ukraine Crisis 31

Table 5.  Main Product Trends and Market Opportunities in Europe Industrial Exoskeletons Market 41

Table 6. Europe Industrial Exoskeletons Market by Offering, 2022-2032, $ mn 49

Table 7. Europe Industrial Exoskeletons Market: Hardware by Type, 2022-2032, $ mn 51

Table 8. Europe Industrial Exoskeletons Market by Function, 2022-2032, $ mn 59

Table 9. Europe Industrial Exoskeletons Market by Function, 2022-2032, units 61

Table 10. Europe Industrial Exoskeletons Market by Mobility, 2022-2032, $ mn 69

Table 11. Europe Industrial Exoskeletons Market by Mobility, 2022-2032, units 71

Table 12. Europe Industrial Exoskeletons Market by Power, 2022-2032, $ mn 79

Table 13. Europe Industrial Exoskeletons Market by Power, 2022-2032, units 81

Table 14. Europe Industrial Exoskeletons Market: Active/Powered Exoskeletons by Type, 2022-2032, $ mn 84

Table 15. Europe Industrial Exoskeletons Market by Structure, 2022-2032, $ mn 92

Table 16. Europe Industrial Exoskeletons Market by Structure, 2022-2032, units 94

Table 17. Europe Industrial Exoskeletons Market by Application, 2022-2032, $ mn 100

Table 18. Europe Industrial Exoskeletons Market by Application, 2022-2032, units 102

Table 19. Europe Industrial Exoskeletons Market by Country, 2022-2032, $ mn 114

Table 20. Europe Industrial Exoskeletons Market by Country, 2022-2032, units 116

Table 21. Germany Industrial Exoskeletons Market by Function, 2022-2032, $ mn 118

Table 22. Germany Industrial Exoskeletons Market by Mobility, 2022-2032, $ mn 118

Table 23. Germany Industrial Exoskeletons Market by Application, 2022-2032, $ mn 118

Table 24. U.K. Industrial Exoskeletons Market by Function, 2022-2032, $ mn 120

Table 25. U.K. Industrial Exoskeletons Market by Mobility, 2022-2032, $ mn 120

Table 26. U.K. Industrial Exoskeletons Market by Application, 2022-2032, $ mn 120

Table 27. France Industrial Exoskeletons Market by Function, 2022-2032, $ mn 122

Table 28. France Industrial Exoskeletons Market by Mobility, 2022-2032, $ mn 122

Table 29. France Industrial Exoskeletons Market by Application, 2022-2032, $ mn 122

Table 30. Spain Industrial Exoskeletons Market by Function, 2022-2032, $ mn 124

Table 31. Spain Industrial Exoskeletons Market by Mobility, 2022-2032, $ mn 124

Table 32. Spain Industrial Exoskeletons Market by Application, 2022-2032, $ mn 124

Table 33. Italy Industrial Exoskeletons Market by Function, 2022-2032, $ mn 126

Table 34. Italy Industrial Exoskeletons Market by Mobility, 2022-2032, $ mn 126

Table 35. Italy Industrial Exoskeletons Market by Application, 2022-2032, $ mn 126

Table 36. Russia Industrial Exoskeletons Market by Function, 2022-2032, $ mn 128

Table 37. Russia Industrial Exoskeletons Market by Mobility, 2022-2032, $ mn 128

Table 38. Russia Industrial Exoskeletons Market by Application, 2022-2032, $ mn 128

Table 39. Industrial Exoskeletons Market in Rest of Europe by Country, 2022-2032, $ mn 130

Table 40.  Main Vendors and Product Offerings 133

Table 41. Recent Development and Activities 136

Table 42. AlterG Inc.: Company Snapshot 138

Table 43. AlterG Inc.: Business Segmentation 139

Table 44. AlterG Inc.: Product Portfolio 139

 

 

 

 

 

List of Figures:

 

Figure 1.  Exemplary Pictures of Industrial Exoskeletons 10

Figure 2. Research Method Flow Chart 14

Figure 3. Bottom-up Approach and Top-down Approach for Market Estimation 17

Figure 4. Europe Market Forecast in Optimistic, Conservative and Balanced Perspectives, 2022-2032 19

Figure 5. Industry Value Chain Analysis 22

Figure 6. Europe Industrial Exoskeletons Market by Revenue, 2022-2032, $ mn 23

Figure 7. Europe Industrial Exoskeletons Market by Shipment, 2022-2032, units 24

Figure 8. Europe ASP of Industrial Exoskeletons, 2022-2032, thousand USD/unit 24

Figure 9. Impact of COVID-19 on Business 28

Figure 10. Primary Drivers and Impact Factors of Europe Industrial Exoskeletons Market 34

Figure 11. World Smart Factory Market, 2019-2026, $ mn 37

Figure 12. World Construction Industry, 2019-2030, $ trillion 37

Figure 13. Primary Restraints and Impact Factors of Europe Industrial Exoskeletons Market 38

Figure 14. Investment Opportunity Analysis 42

Figure 15. Porter’s Fiver Forces Analysis of Europe Industrial Exoskeletons Market 45

Figure 16. Breakdown of Europe Industrial Exoskeletons Market by Offering, 2022-2032, % of Revenue 50

Figure 17. Europe Addressable Market Cap in 2023-2032 by Offering, Value ($ mn) and Share (%) 50

Figure 18. Europe Industrial Exoskeletons Market by Offering: Hardware, 2022-2032, $ mn 51

Figure 19. Europe Industrial Exoskeletons Market by Hardware: Sensors, 2022-2032, $ mn 52

Figure 20. Europe Industrial Exoskeletons Market by Hardware: Actuators, 2022-2032, $ mn 53

Figure 21. Europe Industrial Exoskeletons Market by Hardware: Power Sources, 2022-2032, $ mn 54

Figure 22. Europe Industrial Exoskeletons Market by Hardware: Controllers, 2022-2032, $ mn 55

Figure 23. Europe Industrial Exoskeletons Market by Hardware: Other Hardware, 2022-2032, $ mn 56

Figure 24. Europe Industrial Exoskeletons Market by Offering: Software, 2022-2032, $ mn 57

Figure 25. Europe Industrial Exoskeletons Market by Offering: Services, 2022-2032, $ mn 58

Figure 26. Breakdown of Europe Industrial Exoskeletons Market by Function, 2022-2032, % of Sales Revenue 60

Figure 27. Europe Addressable Market Cap in 2023-2032 by Function, Value ($ mn) and Share (%) 60

Figure 28. Breakdown of Europe Industrial Exoskeletons Market by Function, 2022-2032, % of Shipment 62

Figure 29. Europe Addressable Market Cap in 2023-2032 by Function, Shipment (units) and Share (%) 62

Figure 30. Europe Industrial Exoskeletons Market by Function: Upper Body Exoskeletons, 2022-2032, $ mn 63

Figure 31. Europe Industrial Exoskeletons Market by Function: Upper Body Exoskeletons, 2022-2032, units 64

Figure 32. Europe Industrial Exoskeletons Market by Function: Lower Body Exoskeletons, 2022-2032, $ mn 65

Figure 33. Europe Industrial Exoskeletons Market by Function: Lower Body Exoskeletons, 2022-2032, units 66

Figure 34. Europe Industrial Exoskeletons Market by Function: Full Body Exoskeletons, 2022-2032, $ mn 67

Figure 35. Europe Industrial Exoskeletons Market by Function: Full Body Exoskeletons, 2022-2032, units 68

Figure 36. Breakdown of Europe Industrial Exoskeletons Market by Mobility, 2022-2032, % of Sales Revenue 70

Figure 37. Europe Addressable Market Cap in 2023-2032 by Mobility, Value ($ mn) and Share (%) 70

Figure 38. Breakdown of Europe Industrial Exoskeletons Market by Mobility, 2022-2032, % of Shipment 72

Figure 39. Europe Addressable Market Cap in 2023-2032 by Mobility, Shipment (units) and Share (%) 72

Figure 40. Europe Industrial Exoskeletons Market by Mobility: Mobile Exoskeletons, 2022-2032, $ mn 73

Figure 41. Europe Industrial Exoskeletons Market by Mobility: Mobile Exoskeletons, 2022-2032, units 74

Figure 42. Europe Industrial Exoskeletons Market by Mobility: Stationary Exoskeletons, 2022-2032, $ mn 75

Figure 43. Europe Industrial Exoskeletons Market by Mobility: Stationary Exoskeletons, 2022-2032, units 76

Figure 44. Europe Industrial Exoskeletons Market by Mobility: Tethered Exoskeletons, 2022-2032, $ mn 77

Figure 45. Europe Industrial Exoskeletons Market by Mobility: Tethered Exoskeletons, 2022-2032, units 78

Figure 46. Breakdown of Europe Industrial Exoskeletons Market by Power, 2022-2032, % of Revenue 79

Figure 47. Europe Addressable Market Cap in 2023-2032 by Power, Value ($ mn) and Share (%) 80

Figure 48. Breakdown of Europe Industrial Exoskeletons Market by Power, 2022-2032, % of Shipment 81

Figure 49. Europe Addressable Market Cap in 2023-2032 by Power, Shipment (units) and Share (%) 82

Figure 50. Europe Industrial Exoskeletons Market by Power: Active/Powered Exoskeletons, 2022-2032, $ mn 83

Figure 51. Europe Industrial Exoskeletons Market by Power: Active/Powered Exoskeletons, 2022-2032, units 84

Figure 52. Europe Industrial Exoskeletons Market by Active/Powered Exoskeletons: Electric Actuator, 2022-2032, $ mn 85

Figure 53. Europe Industrial Exoskeletons Market by Active/Powered Exoskeletons: Pneumatic Actuator, 2022-2032, $ mn 86

Figure 54. Europe Industrial Exoskeletons Market by Active/Powered Exoskeletons: Hydraulic Actuator, 2022-2032, $ mn 87

Figure 55. Europe Industrial Exoskeletons Market by Active/Powered Exoskeletons: Mechanical Actuator, 2022-2032, $ mn 88

Figure 56. Europe Industrial Exoskeletons Market by Active/Powered Exoskeletons: Other Types, 2022-2032, $ mn 89

Figure 57. Europe Industrial Exoskeletons Market by Power: Passive Exoskeletons, 2022-2032, $ mn 90

Figure 58. Europe Industrial Exoskeletons Market by Power: Passive Exoskeletons, 2022-2032, units 91

Figure 59. Breakdown of Europe Industrial Exoskeletons Market by Structure, 2022-2032, % of Revenue 92

Figure 60. Europe Addressable Market Cap in 2023-2032 by Structure, Value ($ mn) and Share (%) 93

Figure 61. Breakdown of Europe Industrial Exoskeletons Market by Structure, 2022-2032, % of Shipment 94

Figure 62. Europe Addressable Market Cap in 2023-2032 by Structure, Shipment (units) and Share (%) 95

Figure 63. Europe Industrial Exoskeletons Market by Structure: Rigid Exoskeletons, 2022-2032, $ mn 96

Figure 64. Europe Industrial Exoskeletons Market by Structure: Rigid Exoskeletons, 2022-2032, units 97

Figure 65. Europe Industrial Exoskeletons Market by Structure: Soft Exoskeletons, 2022-2032, $ mn 98

Figure 66. Europe Industrial Exoskeletons Market by Structure: Soft Exoskeletons, 2022-2032, units 99

Figure 67. Breakdown of Europe Industrial Exoskeletons Market by Application, 2022-2032, % of Sales Revenue 101

Figure 68. Europe Addressable Market Cap in 2023-2032 by Application, Value ($ mn) and Share (%) 101

Figure 69. Breakdown of Europe Industrial Exoskeletons Market by Application, 2022-2032, % of Shipment 103

Figure 70. Europe Addressable Market Cap in 2023-2032 by Application, Shipment (units) and Share (%) 103

Figure 71. Europe Industrial Exoskeletons Market by Application: Manufacture, 2022-2032, $ mn 104

Figure 72. Europe Industrial Exoskeletons Market by Application: Manufacture, 2022-2032, units 105

Figure 73. Europe Industrial Exoskeletons Market by Application: Construction, 2022-2032, $ mn 106

Figure 74. Europe Industrial Exoskeletons Market by Application: Construction, 2022-2032, units 107

Figure 75. Europe Industrial Exoskeletons Market by Application: Transport and Logistics, 2022-2032, $ mn 108

Figure 76. Europe Industrial Exoskeletons Market by Application: Transport and Logistics, 2022-2032, units 109

Figure 77. Europe Industrial Exoskeletons Market by Application: Other Applications, 2022-2032, $ mn 110

Figure 78. Europe Industrial Exoskeletons Market by Application: Other Applications, 2022-2032, units 111

Figure 79. Breakdown of European Industrial Exoskeletons Market by Country, 2022 and 2032, % of Revenue 113

Figure 80. Contribution to Europe 2023-2032 Cumulative Market by Country, Value ($ mn) and Share (%) 114

Figure 81. Breakdown of European Industrial Exoskeletons Market by Country, 2022 and 2032, % of Shipment 115

Figure 82. Contribution to Europe 2023-2032 Cumulative Market by Country, Shipment (units) and Share (%) 116

Figure 83.  Industrial Exoskeletons Market in Germany, 2022-2032, $ mn 117

Figure 84.  Industrial Exoskeletons Market in U.K., 2022-2032, $ mn 119

Figure 85.  Industrial Exoskeletons Market in France, 2022-2032, $ mn 121

Figure 86.  Industrial Exoskeletons Market in Spain, 2022-2032, $ mn 123

Figure 87.  Industrial Exoskeletons Market in Italy, 2022-2032, $ mn 125

Figure 88.  Industrial Exoskeletons Market in Russia, 2022-2032, $ mn 127

Figure 89.  Industrial Exoskeletons Market in Rest of Europe, 2022-2032, $ mn 129

Figure 90. Growth Stage of Europe Industrial Exoskeletons Industry over the Forecast Period 131