Revenue distribution by sectors:

• New installations: approx. 45%
• Service: approx. 55%

TOP 3 markets:

1. United States: approx. 25%
2. China: approx. 20%
3. Europe (especially Germany and France): approx. 15%

Otis Worldwide Corporation generates the majority of its revenue from the service business, which includes maintenance and modernization of elevators. This provides stable and recurring income. The new installations sector, which includes the sale of new elevators and escalators, is also a significant revenue generator.

The USA is the largest single market for Otis, followed by China, which plays an important role due to its urban expansion and construction activities. Europe, with strong markets like Germany and France, also contributes significantly to the revenues.

Production sites of Otis Worldwide Corporation:

Otis Worldwide Corporation, a leading manufacturer of elevators and escalators, operates production facilities in several countries worldwide. The most important production sites include:

• China: Otis has significant production capacities in China, especially in Tianjin, which is considered one of the company's largest plants.
• USA: In the United States, Otis operates several plants, including a significant facility in Florence, South Carolina.
• Spain: In Europe, Spain is an important production site for Otis.
• India: Otis also has production facilities in India, serving the Asian market.

These global production sites enable Otis to efficiently manufacture its products and distribute them worldwide. The geographic diversification of production sites helps the company to flexibly respond to regional market requirements and optimize transportation costs.

Revenue growth: 6.5% (2024) Profit growth: 8.2% (2024)

Otis Worldwide Corporation is pursuing a growth strategy that focuses on several core areas. Firstly, the company is heavily investing in the digitalization of its services, particularly through the implementation of IoT technologies in its elevators and escalators. This enables predictive maintenance and improves operational efficiency.

Secondly, Otis is expanding into emerging markets where urbanization and infrastructure development are leading to increased demand for vertical transportation solutions. These markets offer significant growth potential as they are often less saturated than developed markets.

Finally, Otis is investing in sustainable technologies and solutions to meet the rising demands for environmentally friendly construction practices. This includes energy-efficient products and reducing the CO2 footprint throughout the supply chain. This strategy is intended not only to promote growth but also to strengthen Otis's position as a leading company in the industry.

Main materials: Steel, Aluminum, Copper

Countries of origin:

• Steel: China, India, South Korea
• Aluminum: Canada, Russia, United Arab Emirates
• Copper: Chile, Peru, USA

Otis Worldwide Corporation is heavily reliant on the import of raw materials to manufacture their elevator systems and other products. Steel is one of the most important materials, primarily imported from Asian countries such as China, India, and South Korea. These countries are known for their extensive steel production and competitive prices.

Aluminum is mainly sourced from Canada, Russia, and the United Arab Emirates. These countries offer a stable supply and high quality, which is crucial for the production of lightweight and durable components.

Copper, another essential material for electrical components, is predominantly imported from Chile and Peru, as these countries are among the largest copper producers worldwide. The USA also plays a role as a supplier, providing logistical advantages due to geographical proximity.

Market share: Approx. 17% (2024, estimate)

R&D expenses: 3.5% of revenue (2023)

Market position: Leading in elevators and escalators

Otis Worldwide Corporation is one of the leading providers in the elevator and escalator industry. With an estimated market share of around 17% in 2024, the company holds a strong position in the global market. This market leadership is supported by continuous investments in research and development, accounting for approximately 3.5% of revenue.

Otis' competitive advantage stems from its established brand, extensive service network, and the ability to integrate innovative technologies. These factors enable Otis to operate successfully in both established and emerging markets. Additionally, the company benefits from long-term maintenance contracts that secure stable revenue streams.

Overall, Otis remains well positioned to maintain its competitive edge in the industry due to its innovation, global presence, and strong customer relationships.

Institutional investor share: 85% (estimated for 2025 based on historical data)

Insider purchases/sales: No significant transactions in the last 12 months (estimated)

The institutional investor share in Otis Worldwide Corporation is traditionally high, indicating the trust of large investors in the company's stability and growth potential. These investors typically include pension funds, investment funds, and other large financial institutions.

Regarding insider transactions, there have been no significant purchases or sales that would indicate a change in the management's confidence in the company's future development. This could suggest that the management is satisfied with the current company strategy and performance.

Market share of Otis Worldwide Corporation: approx. 18% (2025)

Top competitors and their market shares:

1. KONE Corporation: approx. 20%
2. Schindler Group: approx. 18%
3. Thyssenkrupp Elevator (part of TK Elevator): approx. 15%
4. Mitsubishi Electric: approx. 12%
5. Hitachi Elevator: approx. 10%

Moat of Otis Worldwide Corporation:

Otis Worldwide Corporation has a significant moat, characterized mainly by its strong brand recognition, extensive service network, and long-standing customer relationships. The service segment, which includes maintenance and modernization, provides stable and recurring revenues, which is a significant advantage.

Compared to its competitors, Otis has a technological advantage through its innovation in digital solutions, such as the introduction of IoT-based maintenance systems. This enables more efficient maintenance and improved customer satisfaction.

However, competitors like KONE and Schindler also have strong moats, particularly through their leadership in innovation and geographic diversification. For example, KONE has a competitive advantage through its sustainable and energy-efficient solutions, while Schindler excels with its strong presence in Asia and Europe.

Overall, Otis has a solid moat, but the competition is strong and also continuously investing in innovation and expansion, intensifying the competition.

Revenue growth: 8% (2024) Profit growth: 10% (2024) Market share in the elevator sector: 20% (2024)

Otis Worldwide Corporation recorded a revenue growth of 8% and a profit growth of 10% in 2024. These positive growth rates indicate a healthy business development, supported by strong demand for elevator and escalator solutions.

With a market share of 20% in the global elevator sector, Otis remains a leading player in the industry. The company benefits from urbanization and increasing demand for modern building technologies, which offers further long-term growth potential.

Furthermore, Otis continues to invest in research and development to offer innovative products and services. This could further strengthen the company's competitiveness and market position.

Overall, Otis Worldwide Corporation shows solid fundamental data and growth prospects, making the stock a potentially good investment, especially for investors interested in long-term growth.

Dividend yield: 1.5% (2025, estimated)

Dividend history: Continuous payout for several years

Otis Worldwide Corporation regularly pays a dividend to its shareholders. The dividend yield is currently around 1.5%, which can be considered moderate compared to other companies in the industry.

The reliability of dividend payment is high as Otis has a stable dividend history and has made continuous payouts. The company demonstrates a solid financial performance that enables it to pay dividends even in economically challenging times.

Analysts expect that due to its strong market position and solid financial foundation, Otis will continue to be able to distribute dividends in the future.