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Increasing Focus On Worker Safety And Injury Prevention Fueling The Growth Of The Market Due To Rising Labor Shortages And Workplace Health Risks: Core Growth Enabler in the Construction Exoskeleton Market, 2025
Construction Exoskeleton Market
What Will the Construction Exoskeleton Industry Market Size Be by 2025?
The market size for construction exoskeletons has seen a brisk increase in the past few years. The growth is expected to continue, moving from a value of $0.76 billion in 2024 to reach $0.87 billion in 2025, reflecting a compound annual growth rate (CAGR) of 13.8%. The historical growth pattern can be associated with various factors such as an upswing in construction-related injuries at workplaces, early market penetration by sizable construction corporations, amplified investments in wearable technology, favorable government safety policies, and the rising demand for solutions that can boost productivity.
What's the Long-Term Growth Forecast for the Construction Exoskeleton Market Size Through 2029?
The market size for construction exoskeletons is anticipated to experience a swift expansion in the coming years. It's projected to reach $1.44 billion in 2029 with a compound annual growth rate (CAGR) of 13.4%. This significant growth in the stipulated period is due to an increased concentration on the safety of workers and preventing injuries, rising labor deficit in the construction sector, escalating demand for wearable assistive equipment, enlargement of urban infrastructural projects, and augmentation in research and development (R&D) investments. The key trendsetters throughout the projection period include transition towards battery-operated wearable exoskeletons, invention of artificial intelligence (AI) incorporated support outfits, task-flexible modular exoskeleton blueprints, development of rental models for exoskeletons, and personalization to cater to the unique needs of every worker.
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What Are the Key Growth Drivers Fueling the Construction Exoskeleton Market Expansion?
An intensified attention towards ensuring worker safety and averting injuries is predicted to foster advancement in the construction exoskeleton sector. This heightened awareness stems from emergent labor deficits in the construction field, coupled with a surge in demand for exoskeletons which enhance worker stamina and diminish physical exhaustion. Construction organizations are implementing exoskeleton technologies as a strategy for enhancing occupational safety, amplifying productivity, and minimizing interruption due to injuries. For instance, the Health and Safety Executive (HSE), a UK-based national arbiter for occupational health and safety, reported in October 2024, that an estimated 33.7 million working days in 2023-24 had to be forfeited due to work-related health problems or injuries, as compared to 35.2 million in the preceding period. Thus, the escalating concern for worker safety and injury prevention has become a significant force propelling the expansion of the construction exoskeleton industry.
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What Are the Key Trends Driving Construction Exoskeleton Market Growth?
Leading businesses in the construction exoskeleton sector are concentrating their efforts towards the creation of innovative products such as wearable exoskeletons. The goal is to increase workforce productivity and limit physical exhaustion amongst workers. Wearable exoskeletons are mechanical devices worn on the body to improve, support, or rehabilitate human physical abilities. They ordinarily consist of a structure that aligns with the user's limbs and joints, employing passive elements (like springs) or active systems (housing motors, sensors and actuators) to aid movement. For example, Festool GmbH, a German company specializing in high-precision power tools, unveiled the ExoActive EXO 18 HPC 4.0 I-Plus in August 2024. This wearable exoskeleton is designed specifically for overhead construction operations. The ExoActive provides a powered arm support of up to 11 pounds, decreasing muscle tension by as much as 30%. Among its features are a runtime ranging from 1.5 to 5 hours, adjustable support areas, and app-linked controls to ensure comfort, effectiveness, and the long-term health of workers.
How Is the Construction Exoskeleton Market Segmented?
The construction exoskeleton market covered in this report is segmented -
1) By Type: Full Body Exoskeletons, Upper Body Exoskeletons, Lower Body Exoskeletons
2) By Component: Hardware, Software
3) By Material: Alloys, Composites, Metal
4) By Technology: Hybrid Exoskeleton, Rigid Exoskeleton, Soft Exoskeleton
5) By End-User: Construction Industry, Emergency Services, Healthcare Industry, Military And Defense
Subsegments:
1) By Full Body Exoskeletons: Powered Full Body Exoskeletons, Passive Full Body Exoskeletons, Hybrid Full Body Exoskeletons
2) By Upper Body Exoskeletons: Shoulder Support Exoskeletons, Arm Support Exoskeletons, Back Support Exoskeletons
3) By Lower Body Exoskeletons: Leg Support Exoskeletons, Hip Support Exoskeletons, Knee Joint Exoskeletons
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Which Companies Are Leading the Charge in Construction Exoskeleton Market Innovation?
Major companies operating in the construction exoskeleton market are Hilti Group, Trimble Inc., Xella International GmbH, Exxovantage Inc., hTRIUS GmbH, Festool GmbH, Strongarm Technologies Inc., German Bionic Systems GmbH, Fraco Products Ltd, Palladyne AI Corp., Ekso Bionics Holdings Inc., Laevo B.V., Ottobock, Japet Medical, Newndra Innovations Pvt Ltd, Auxivo AG, Biolift Inc, Levitate Technologies Inc., RB3D, Bioservo Technologies AB
Which Regions Are Leading the Global Construction Exoskeleton Market in Revenue?
North America was the largest region in the construction exoskeleton market in 2024. The regions covered in the construction exoskeleton market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
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