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Otis Worldwide Corporation

otis.com

Otis Elevator Company, a subsidiary of Otis Worldwide Corporation, is the world's leading manufacturer, installer, and servicer of vertical transportation systems, including elevators, escalators, and moving walkways. Founded in 1853 and headquartered in Farmington, Connecticut, the company pioneered the safety elevator and now moves billions of people daily across more than 200 countries. Its business model is built on two primary segments: New Equipment, which focuses on the design and installation of units in residential, commercial, and infrastructure projects, and Service, which provides high-margin maintenance, repair, and modernization services for an installed base of over 2.4 million units. Otis is currently driving growth through digital innovation, specifically its Otis ONE IoT platform, which utilizes AI and predictive analytics to enhance equipment reliability and service efficiency.