Otis Worldwide Corp (OTIS)

Named by Otis in its 10-K as a major global competitor, KONE sells new elevators and escalators to the same developers and building owners and competes for the same long-term maintenance contracts worldwide.

Also named by Otis as a major global competitor, the Swiss group bids on the same elevator and escalator installations in Europe, the Americas and Asia and services an installed base of comparable size.

The third competitor Otis names in its 10-K, TK Elevator competes head-on for new equipment orders and maintenance portfolios, especially in Germany, the rest of Europe and North America.

Its Building Systems division is one of the strongest elevator suppliers in Asia and a top-five vendor in the United States, competing with Otis on high-rise and high-speed installations.

Hitachi's building systems business supplies elevators and escalators to the same commercial and infrastructure projects in Japan, China and South-East Asia, plus the aftermarket service that follows them.