5 Largest Elevator Companies in the World

Below you can find the list of 5 Largest Elevator Companies in the world. For a detailed coverage of this topic and a more comprehensive list, please see 15 largest elevator companies in the world.

5. Kone Elevator

Revenue -$12,124.8million

Number of Employees – 55,075

As we move into our Top 5, one might notice a change in the scale of players. Starting with Kone Elevator, our top 5 largest elevator companies are global players providing mobility solutions worldwide. Kone is a Finland based company involved in building and servicing moving walkways, automatic doors and gates, escalators and elevators. The company has a presence in over 60 countries. 

4. Mitsubishi Electric Corporation

Revenue -$12,566.1million

Number of Employees – 138,700

Mitsubishi Electric Corporation boasts of superior Japanese technology in the elevators industry and is one of the market leaders. The Company has a worldwide presence. However, the company delves in different product segments, and elevators are just one of them. Other than mobility solutions the company is also involved in Energy systems, air conditioning systems and factory automation systems among others. 

3. Schindler Group

Revenue – $12,685.3million

Number of Employees – 67,057

Our Top 3 players, starting with Schindler Group are pure play companies in the elevators product market segment. The Swiss player is one of the leading providers also delving into maintenance and modernization services. The company has close to 1,000 branches across 100 nations and has a presence in US, Brazil, Europe, China, and India.

2. Otis Elevator Company (NYSE:OTIS)

Revenue – $13,110 million

Number of Employees – 69000

American giant Otis, is a well-known name worldwide. We are sure you spot this name when stepping into an elevator more often than not. Founded by  Elisha Otis in the 1800s, the company has a legacy in building safety lifts. Otis owns stakes in several smaller players, and has a wide presence throughout the market. 

1. Fujitec Company Limited

Revenue -$180,000 million

Number of Employees -10292

Japanese elevator giant Fujitec Company Limited bags the first place on our list of the largest elevator companies in the world with its strong market position. A specialized manufacturer founded in Osaka after World War 2, the company has been hugely instrumental in urban reconstruction through the elevator repairs and also new installations. With a wide range of products in the elevator segment and a worldwide market, the company commands huge sales figures and a magnanimous scale that makes it a market leader. 

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