Automakers to Drive Growth of Industrial Exoskeletons Market

Driven by high injury costs and an aging and shrinking skilled workforce across sectors, the global industrial exoskeletons market is expanding rapidly, a new analysis by Frost & Sullivan says. The company is estimating a nearly seven-fold growth for the market, with an expected value of $426.6 million by 2025, and an annual compound annual growth rate of 46.7% Manufacturing, especially the automotive sector, held the highest revenue share in 2020, and will top $271.4 million in 2025, Frost & Sullivan said.

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