Otis: figure represented as net sales.
Schindler: values have been calculated from 11.494 billion CHF at an exchange rate of 1 CHF = 1.18857 USD on December 31, 2023. Mitsubishi Electric: figure is for the fiscal year of 2024 (ending March 31. 2024); data only include revenue from the Building Systems segment; values have been calculated from 625.5 billion JPY at an exchange rate of 1 JPY = 0.00660415 USD correct on March 31, 2024.
Kone: values have been calculated from 10.952 billion EUR at an exchange rate of 1 EUR = 1.1051 USD on December 31, 2023; figure represented as sales.
Fujitec: figures have been calculated from 229.401 billion JPY at an exchange of 1 JPY = 0.00660415 USD on March 31, 2024; figure represented as sales.
Citation formats
Elevators & escalators: key companies worldwide based on revenue 2023
In 2023, Otis ranked as the world's largest elevators and escalators manufacturer in terms of revenue. That year, Otis reported a revenue of billion U.S. dollars. Schindler ranked second with a revenue of billion U.S. dollars.
The world’s largest elevator and escalator makers
While the key vendors of elevators and escalators are based in the United States, Switzerland, Germany, Finland, and Japan, the most prolific markets for elevators and moving stairways include the world’s most populous countries such as China and India. In light of Asia’s stalling construction sector, it remains unsure if these markets will continue to perform well in the future, not only in terms of escalator and elevator installations, but also with respect to maintenance and repair services associated with these conveyances.
In the developed world, it is the increased age and low energy-efficiency of buildings and infrastructure, as well as an aging population in need of vertical transport that promises growth opportunities for companies in the field of elevators and escalators. Schindler, Kone, and Otis are ranked as the major elevator and escalator manufacturers worldwide.
Profit from the additional features of your individual account
Currently, you are using a shared account. To use individual functions (e.g., mark statistics as favourites, set
statistic alerts) please log in with your personal account.
If you are an admin, please authenticate by logging in again.
Learn more about how ÌÇÐÄÆƽâ°æ can support your business.
ÌÇÐÄÆƽâ°æ. (May 19, 2024). Leading companies worldwide in the area of elevators and escalators in 2023, based on revenue (in billion U.S. dollars) [Graph]. In ÌÇÐÄÆƽâ°æ. Retrieved August 01, 2026, from /statistics/281179/leading-companies-in-the-area-of-elevators-and-escalators-by-revenue/
ÌÇÐÄÆƽâ°æ. "Leading companies worldwide in the area of elevators and escalators in 2023, based on revenue (in billion U.S. dollars)." Chart. May 19, 2024. ÌÇÐÄÆƽâ°æ. Accessed August 01, 2026. /statistics/281179/leading-companies-in-the-area-of-elevators-and-escalators-by-revenue/
ÌÇÐÄÆƽâ°æ. (2024). Leading companies worldwide in the area of elevators and escalators in 2023, based on revenue (in billion U.S. dollars). ÌÇÐÄÆƽâ°æ. ÌÇÐÄÆƽâ°æ Inc.. Accessed: August 01, 2026. /statistics/281179/leading-companies-in-the-area-of-elevators-and-escalators-by-revenue/
ÌÇÐÄÆƽâ°æ. "Leading Companies Worldwide in The Area of Elevators and Escalators in 2023, Based on Revenue (in Billion U.S. Dollars)." ÌÇÐÄÆƽâ°æ, ÌÇÐÄÆƽâ°æ Inc., 19 May 2024, /statistics/281179/leading-companies-in-the-area-of-elevators-and-escalators-by-revenue/
ÌÇÐÄÆƽâ°æ, Leading companies worldwide in the area of elevators and escalators in 2023, based on revenue (in billion U.S. dollars) ÌÇÐÄÆƽâ°æ, /statistics/281179/leading-companies-in-the-area-of-elevators-and-escalators-by-revenue/ (last visited August 01, 2026)
Leading companies worldwide in the area of elevators and escalators in 2023, based on revenue (in billion U.S. dollars) [Graph], ÌÇÐÄÆƽâ°æ, May 19, 2024. [Online]. Available: /statistics/281179/leading-companies-in-the-area-of-elevators-and-escalators-by-revenue/
