OTIS · 10-Q · 2026Q3 · Full report

Geographic Market Commentary

Otis Worldwide Corp · 2026-10-29 · Importance 41 · Surprise 48

New Equipment organic sales increased at low-teens rates in the Americas, at high-single-digit rates in Asia Pacific, and at a mid-single-digit rate in EMEA during the third quarter of 2026. These gains were partly offset by a greater-than-20% decline in China. For the first nine months, Americas growth remained high single digits, while EMEA and Asia Pacific each grew at low-single-digit rates; China again declined by more than 20%.

Key facts

• Otis's New Equipment organic sales increased 3% in the quarter ended September 30, 2026, driven by low-teens growth in the Americas, high-single-digit growth in Asia Pacific, and mid-single-digit growth in EMEA, partly offset by a greater-than-20% decline in China. source
• Otis's New Equipment organic sales decreased 1% in the nine months ended September 30, 2026, primarily due to a greater-than-20% decline in China, partly offset by high-single-digit growth in the Americas and low-single-digit growth in EMEA and Asia Pacific. source
• Otis had operations in the Middle East and transported products through the region, but did not expect the recent regional conflicts to have a material impact on its business. source
• Otis had no operations in Russia or Iran and no operations or material net sales in Israel, Gaza, or Lebanon. source
• Otis continued to operate its business in Ukraine to the extent possible and had no material net sales or operating profit there. source