# Otis Elevator's Service Business: A Stable Earnings Stream

- Topic: business
- Source: Video published by CNBC
- Published: 2026-08-08
- Original: https://www.youtube.com/watch?v=fY4eelX7HDM
- Language: en

Otis Elevator, the largest elevator company in the world, generates over 90% of its profits from its service business. The company services over 2.5 million elevators per year, with a focus on maintenance and modernization. Despite facing challenges in recent years, Otis is confident in its ability to continue growing and has identified opportunities in the housing development market.

## Key takeaways

- Otis Elevator services over 2.5 million elevators per year, with a focus on maintenance and modernization.
- The company generates over 90% of its profits from its service business.
- Otis has identified opportunities in the housing development market, particularly in multifamily buildings.
- The company is transforming its operations to improve its market share and price-cost equilibrium.

> Summary by Daily Read Bytes. Read the original at https://www.youtube.com/watch?v=fY4eelX7HDM