Elevator Market - Forecast(2021 - 2026)
Elevator Market Overview: According to 2017 World Population Prospects data by United Nations, approximately 2.1 billion older persons are expected to be alive by the year 2050. Ageing is an inevitable phenomenon, but having a comfortable lifestyle as a geriatric is in our hands. Countries are facing immense pressure in creating a public system that is emphatic towards the geriatric population. Increasing accessibility in airports, hospitals, residential buildings, supermarkets, and old-age homes has become a top priority for governments worldwide. The older population needs products from the elevator market in order to make their lifestyles more comfortable. Most of the older people suffer from unavoidable illnesses such as cardiovascular diseases or arthritis issues. Elevator market will help increase longevity of the ageing population by helping them in avoiding a painful flight of stairs, thus obtaining high demand from this section of the society. The estimated global elevator ma