1
=
-
Otis Worldwide Corporation
As of May 18, 2026 at 24:05 UTC
Chart
About Otis Worldwide Corporation
Otis is the largest global elevator and escalator supplier by revenue with around 18% global market share. In 1854 Otis' founder and namesake Elisha Graves Otis, invented a safety mechanism that prevented elevators from falling if the hoisting cable failed. The company's product and service lifecycle begins with installations of elevator units in new buildings, later selling maintenance services on the units, and eventually replacement of the units after the average 15- to 20-year useful life of an elevator. As the largest global OEM, Otis has amassed an installed base under service that exceeds 2 million elevators. Its business model is similar to that of its closest competitors Kone, Schindler, and TK Elevator.
Market Statistics
Trading Metrics
How to Buy OTIS
Create Your Account
Sign up, deposit BTC, and transfer it to your Unified Trading Account. It only takes a moment.
Start Your Trade
From Terminal, click Trade Now on the asset you want to buy. You'll be purchasing its tokenized asset.
Buy OTIS
Enter the amount and confirm your purchase. That's it! You'll see the impact of the trade in your Unified Trading Account.
New to Tokenized Assets? Learn more in our Help Center.
Latest News
5 articlesThailand's elevator and escalator market is projected to grow at a CAGR of 3.20% from 2025 to 2031, driven by urbanization and commercial infrastructure expansion. The market is dominated by established players like Otis, KONE, and Mitsubishi, which collectively hold over 75% market share, though Chinese manufacturers are gaining ground. Despite favorable demand fundamentals, the market faces pricing pressures and competitive challenges.
Saudi Arabia's elevator and escalator market is projected to grow at a CAGR of 3.73% from 2025 to 2031, driven by urbanization, infrastructure projects like Neom, and rising tourism. However, the market faces headwinds from skilled labor shortages and rising construction costs. Top vendors Otis, KONE, and Schindler collectively control approximately 75% of the market.
Vertiv (VRT), a leader in data center power and thermal infrastructure for AI, has surged 300% in 12 months with a massive $15 billion backlog and improving unit economics. However, the stock trades at a 50.9x forward P/E multiple with only a 1.9% FCF yield, leaving minimal margin of safety despite strong fundamentals and growth prospects. The valuation assumes sustained high growth and successful services transformation, with execution risks from project delays and financing constraints.
Otis Worldwide Corporation announced a 5% increase in its quarterly dividend to $0.44 per share, payable on June 12, 2026. CEO Judy Marks attributed the increase to the strength of the company's service-driven business and strong cash flows, noting that the dividend has grown approximately 120% since the company's 2020 spin-off.
Otis Worldwide Corporation announced a quarterly dividend of $0.42 per share, payable on March 13, 2026, to shareholders of record as of February 13, 2026. The global elevator and escalator manufacturer serves 2.5 billion people daily through its 2.5 million customer units worldwide.