Otis Worldwide (NYSE:OTIS) is a global leader in the design, manufacture, installation and service of elevators, escalators and moving walkways. With a focus on passenger and goods transportation systems, the company provides end-to-end solutions for new construction projects and existing building portfolios. Otis serves a broad range of markets, including commercial, residential, industrial and infrastructure developments, helping to ensure safe, reliable vertical mobility in high-rise towers, airports, transit hubs and mixed-use complexes.
The company’s core offerings encompass a full spectrum of equipment and aftermarket services. Otis develops and produces traction and hydraulic elevator systems, as well as escalators and moving walkways, supported by digital monitoring platforms that enhance performance and predictive maintenance. Through its extensive service network, Otis delivers maintenance contracts, modernization upgrades, spare parts distribution and 24/7 emergency support, enabling customers to extend asset lifecycles and optimize operational uptime.
Tracing its roots to the invention of the safety elevator by Elisha Graves Otis in 1853, Otis Worldwide formally began trading as an independent public company in 2020 following its separation from United Technologies Corporation. Headquartered in Farmington, Connecticut, the firm draws on over 160 years of engineering innovation and infrastructure expertise to drive continuous improvement in people-moving technologies.
Today, Otis operates in more than 200 countries and territories across the Americas, Europe, the Middle East, Africa and the Asia-Pacific region. Under the leadership of President and Chief Executive Officer Judy Marks, the company continues to expand its global footprint and invest in digital solutions aimed at enhancing safety, efficiency and the customer experience for building owners, developers and passengers worldwide.