Otis Worldwide Corporation (OTIS)

Overview

Otis Worldwide Corporation stands as a pioneering force in the global market for the manufacturing, installation, and servicing of elevators and escalators. With a rich history dating back to 1853, the company has established a significant presence not only in the United States and China but also on an international scale. It operates through two primary segments: New Equipment and Service, catering to a diverse clientele that includes real-estate and building developers, general contractors, and directly to customers. Headquartered in Farmington, Connecticut, Otis continues to lead in innovation and customer service in the vertical transportation industry.

Products and Services

• New Equipment:

This segment is dedicated to the design, manufacture, sale, and installation of a comprehensive range of passenger and freight elevators, as well as escalators and moving walkways. These products are tailored for both residential and commercial buildings, in addition to infrastructure projects. Otis aims to meet the specific needs of real-estate and building developers, as well as general contractors, by offering direct sales and distribution through agents and distributors.

• Service:

Under the Service segment, Otis offers extensive maintenance and repair services for its elevators and escalators. In addition to these services, it also provides modernization services, aiming to upgrade and enhance the performance and efficiency of existing elevators and escalators. This segment ensures the longevity and reliability of Otis products through timely and expert servicing.