Otis Worldwide Corporation (OTIS) Stock Rating & Analysis

Otis is the largest global elevator and escalator supplier by revenue, with around 18% global market share. In 1854 its founder and namesake, Elisha Graves Otis, invented a safety mechanism that kept elevators from falling if the hoisting cable failed. Its product and service lifecycle starts with installing elevators in new buildings, then selling maintenance on those units, and eventually replacing them after an elevator's average 15- to 20-year useful life.