The next time you step into an elevator, see if you can spot the logo of the manufacturer. Chances are, it will be one of the following five companies: Otis Elevator Company, ThyssenKrupp, Kone Corp, Schindler Group or Mitsubishi Electric.

These five companies control roughly two-thirds of the world elevator market between them...

BL Premium

This article is reserved for our subscribers.

A subscription helps you enjoy the best of our business content every day along with benefits such as exclusive Financial Times articles, ProfileData financial data, and digital access to the Sunday Times and Sunday Times Daily.

Already subscribed? Simply sign in below.

Questions or problems? Email or call 0860 52 52 00. Got a subscription voucher? Redeem it now