Otis Elevator (A Globally Renowned Brand): Brand Introduction and Official Website

Founded in 1853 in the United States by Elisha Graves Otis, the inventor of the elevator industry, Otis Elevator Company is headquartered in Connecticut. In 2020, its sales exceeded $12.8 billion, and it employed 69,000 people. On April 3, 2020, Otis successfully completed its spin-off from United Technologies and listed on the New York Stock Exchange (NYSE: OTIS).

As the world's largest supplier of elevators, escalators, and moving walkways, Otis holds a 27% global market share. More than 2.4 million Otis devices operate in over 200 countries and regions, transporting approximately 2.4 billion passengers daily. The company's elevator systems are installed in 12 of 20 famous landmark buildings worldwide, including the Empire State Building in New York, the Burj Khalifa in Dubai, and the Oriental Pearl Tower in Shanghai. In 2023, Otis was listed among the "Top 100 Most Innovative Companies in the World" and ranked 306th in the Fortune 500. Otis's operations in China began in 1900 with the installation of its first elevator at the Peace Hotel in Shanghai. It now operates four smart factories in Tianjin, Hangzhou, and other cities, as well as its largest global R&D base. It has received numerous awards, including Xinhua News Agency's "2019 Outstanding Corporate Social Responsibility Award" and People's Daily's "2020 People's Choice Craftsmanship Award." On May 30, 2024, Otis Elevator (China) Co., Ltd. was summoned by the State Administration for Market Regulation due to maintenance issues. In October 2025, it announced its intention to acquire Schindler Elevator's South Korean business to expand its market presence.

Otis Elevator Company is a large American multinational corporation specializing in the research, development, manufacturing, and service of elevators, escalators, and moving walkways. Founded in New York in 1853, it was formerly a business unit of United Technologies Corporation and spun off as an independent company in 2020.

In 1853, Elisha Graves Otis invented the safety elevator and founded the Otis Elevator Company.

In the 2010s, Otis Elevator began integrating digital technology with elevators, launching a new generation of lifts.

On September 23, 2021, Otis Global announced its offer to acquire a 49.99% stake in Madrid-based Zardoya Otis (OTC: ZRDZF) for €7 per share (approximately US$8.20), valuing Zardoya at €3.3 billion ($3.87 billion). Zardoya Otis is an elevator original equipment and service provider with operations in Spain, Portugal, and Morocco; in the 12 months ending May 31, 2021, it generated €801 million in revenue and €223 million in EBITDA.

Company Name: Otis Inc.

Official Domain: otis.com

Domain Created: June 3, 1994

Country: USA Company Headquarters Location: Farmington, USA.

Founded: 1853.

Founder: Elisha Graves Otis.