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Global industrial exoskeletons market to boom, finds Frost & Sullivan
March 17, 2021  
Maryam Farag
Photo: Exoskeleton.
Frost & Sullivan’s recent analysis found that the global industrial exoskeletons market is expanding rapidly, driven by high injury costs and aging and shrinking skilled workforces across sectors.
It is estimated to witness nearly a seven-fold growth, reaching $426.6 million by 2025 from $62.7 million in 2020, up at a compound annual growth rate of 46.7 per cent.
According to Frost & Sullivan’s analysis, among the end-use industries, manufacturing (driven by the automotive sector) held the highest revenue share in 2020 and is projected to top $271.4 million in 2025. Other manual, labor-intensive industries such as construction and transport will also make extensive deployments of industrial exoskeletons over the next four to five years, as companies across these sectors focus on reducing the cost o ....

Ranjan Roy , Materials Nutrition Research Analyst , Nutrition Research Analyst , அஞ்சன் ராய் , பொருட்கள் ஊட்டச்சத்து ஆராய்ச்சி ஆய்வாளர் , ஊட்டச்சத்து ஆராய்ச்சி ஆய்வாளர் ,