Otis Worldwide Corp

Based in Farmington, Connecticut, Otis Worldwide Corporation manufactures, installs, and services elevators, escalators, and moving walkways for residential, commercial, and infrastructure applications. The company operates globally with approximately 72,000 employees and serves real estate developers, building contractors, and property owners through direct sales, agents, and distributor networks. Its product portfolio spans passenger and freight elevators as well as escalators designed for a range of building types and project scales.

The company operates through two primary segments: New Equipment and Service. The New Equipment segment designs and manufactures elevators, escalators, and moving walkways, generating revenue from initial sales and installation. The Service segment provides maintenance, repair, and modernization services for installed equipment, offering recurring revenue opportunities.

Otis maintains a substantial international presence with operations across China and other markets worldwide, in addition to its domestic United States operations. The company traces its origins to 1853 and has maintained continuous operations in the elevator and escalator industry for over 170 years.