Otis Worldwide

Pricing power is solid in Service where contracts and technician scarcity allow steady mid single‑digit pricing and ~25% segment margins. Modernization orders are growing double digits, often priced at attractive returns due to energy efficiency and code compliance value propositions.

However, New Equipment remains more competitive and price sensitive, especially in China, which caps company‑wide pricing power. Over time, mix shift toward Service and modernization should support modest margin expansion.