Otis Worldwide Corp is a global manufacturer and servicer of elevators, escalators, and moving walkways. The company operates through two segments: New Equipment, which designs, manufactures, and installs elevators, escalators, and moving walkways for new construction projects, and Service, which provides maintenance, repair, and modernization services for its installed base. Otis serves commercial, residential, and infrastructure customers, including building owners, developers, and property managers. Its revenue model combines equipment sales with recurring service and modernization revenue, with the service business generating a substantial share of profits. The company operates worldwide across the Americas, Europe, the Middle East, Africa, and Asia-Pacific, with a particularly large presence in China. Otis maintains one of the industry's largest installed bases and competes with Kone, Schindler, and TK Elevator.

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