Global Elevator OEMs of 2026
FY2025 revenue: Otis $14.4B leads; Schindler ~$12.6B; KONE ~$12.1B; TKE ~$9.9B.
Main table: FY2025 elevator & escalator revenue
Compiled 2026-08-12. Ranked by latest full-year net sales; FX at ~1.08 / 1.15 / 150 / 1470 for EUR / CHF / JPY / KRW. Related: construction equipment, cement.
| # | Company | ~$B | Reported | YoY | FY end |
|---|---|---|---|---|---|
| 1 | Otis | 14.4 | $14.43B | +1% | 2025-12-31 |
| 2 | Schindler | ~12.6 | CHF 10.95B | −2.6% (LC +1.3%) | 2025-12-31 |
| 3 | KONE | ~12.1 | €11.25B | +1.3% (comp. +4.0%) | 2025-12-31 |
| 4 | TK Elevator (TKE) | ~9.9 | €9.2B | +2% fx-adj. | 2025-09-30 |
| 5 | Mitsubishi Electric Building Systems | ~4.4 | ¥666.0B | +6% | 2025-03-31 |
| 6 | Hyundai Elevator | ~1.68 | KRW 2.467T | — | 2025-12-31 |
| 7 | Fujitec | ~1.61 | ¥241.25B | +5.2% | 2025-03-31 |
Otis led at $14.4B (Service $9.4B / New Equipment $5.0B). Schindler and KONE sit next in CHF/EUR. TKE’s FY ends in September; a 2026 combination with KONE is already announced. Mitsubishi Electric reports Building Systems (elevators/escalators plus building solutions), not a pure E&E split.
Service portfolio snapshot
| Company | 2025 year-end | Note |
|---|---|---|
| Otis | ~2.5M units under maintenance (+4%) | Largest disclosed portfolio |
| KONE | ~1.8M service base | Service +7.6% / Modernization +17.4% at comparable rates |
| TKE | Service + Modernization ~65% of sales | Adj. EBITDA €1.6B (17.5% margin) |
| Schindler | Orders CHF 11.31B; EBIT margin 12.6% | Service/mod offset new installs |
China / new-install pressure
| Slice | 2025 | Note |
|---|---|---|
| KONE Greater China | €2.166B (−14.3%) | Company area sales |
| Otis New Equipment | $4.99B (−7% organic) | China the main drag |
| TKE | New Installation soft, mainly China | Service +5% / Modernization +11% |
How we ranked
FY2025 group/segment revenue (top seven). Hitachi Building Systems and Toshiba Elevator lack clean public peers on the main table. China pressure uses company area/business commentary. Board defaults to S–D.
| Source | When | Used for |
|---|---|---|
| Otis FY2025 | 2026-01 | $14.43B; ~2.5M maintenance units |
| Schindler FY2025 | 2026-02 | CHF 10.947B |
| KONE FY2025 | 2026-02 | €11.245B; ~1.8M service base |
| TKE FY2024/25 | 2025-12 | €9.2B sales |
| Mitsubishi Electric FY2025 | 2025-04 | Building Systems ¥666.0B |
| Fujitec FY Mar 2025 | 2025-05 | ¥241.25B |
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