Schindler Group

Name

Schindler Group

Legal name

Schindler Elevator Corporation

Website

https://schindler.com

Company type

Public

Founded year

1874

Operating status

Operating

Headcount range

5,001–10,000 employees

Ownership category

akta.pro rank

Product category

Elevator and Escalator Manufacturing

NAICS

Elevator and Moving Stairway Manufacturing (333921)

SIC

General Industrial Machinery & Equipment, Nec (3569), Construction, Mining & Materials Handling Machinery & Equip (3530)

akta.pro primary industry

Elevator, Escalator & Lift Maintenance (IMAIABAF)

Keywords

• Elevator manufacturing
• Escalator installation
• Vertical transportation
• Elevator maintenance services
• Building mobility solutions

Headquarters

HQ city

Ebikon

HQ country

Switzerland

HQ region

Europe

Offices5 records

Markets served

GTM type

B2B

Offering type

Hardware or Manufacturing

Cost components

Personnel, Supply Chain, Operations, Technology or R&D, Marketing or Sales, Infrastructure

Revenue model

1. New Equipment Sales: Sale of elevators, escalators, and moving walkways for new construction projects. Revenue recognized upon installation and completion. This includes passenger elevators (Schindler 3100, 3300, 5000, 5500, 7000), freight elevators, escalators (Schindler 9300, 9700), and moving walks (Schindler 9500).
2. Maintenance and Service: Ongoing maintenance contracts for installed equipment portfolio. Includes preventive maintenance, repairs, and emergency service. Digital services through Schindler Ahead platform enable remote monitoring and predictive maintenance capabilities.
3. Modernization: Modernization services for existing elevator and escalator installations. Schindler ReStore, ReNew, and RePlace solutions address aging infrastructure. Q1 2026 showed 15.3% revenue increase from modernization in local currency, demonstrating strong growth in this segment.
4. Large Infrastructure Projects: Comprehensive solutions for major infrastructure projects including metro systems, airports, and large mixed-use developments. Includes design, installation, and long-term service commitments for projects such as Wushan Goddess Escalator (China), Bogotá Metro, and Surrey Langley SkyTrain.

Pricing tiers

Go-to-market motion3 records

Distribution channels5 records

Marketing channels7 records

Core offering

Schindler Group manufactures, sells, and installs elevators, escalators, and moving walkways for commercial, residential, and infrastructure buildings. The company also delivers maintenance, modernization, and digital services across the full equipment lifecycle, supported by proprietary technologies such as the Schindler PORT destination control system, Schindler Ahead IoT platform, and R.I.S.E robotic installation system.

Product overview

Schindler Group is a Swiss multinational company specializing in elevators, escalators, and smart urban mobility solutions, operating since 1874. The company offers a comprehensive vertical transportation portfolio organized around three core product lines: passenger elevators (including the Schindler 3100, 3300, 330A, 5000, 5500, 7000, and revolutionary X8 models), escalators (Schindler 9300 and 9700), and moving walkways (Schindler 9500). These core products are complemented by proprietary technology platforms including Schindler PORT (AI-powered destination control system), Schindler Ahead (IoT cloud connectivity platform), and the R.I.S.E robotic installation system. Schindler also provides extensive modernization solutions (ReStore, ReNew, RePlace, INTRUSS), digital services (ElevateMe touchless app, ActionBoard portfolio management, SafeCall emergency systems, Visual Communication System, MediaScreen), and planning tools (Schindler Plan). The company operates in over 100 countries with more than 67,000 employees and moves over 2 billion people daily.

Differentiator

Problem solved

Functional benefit

Brands

• Schindler PORT: Destination control system that optimizes traffic flow, alleviates congestion, and reduces elevator wait times while offering personalized building access control.
• Schindler Ahead
• Schindler 3100
• Schindler 3300
• Schindler 5000
• Schindler 5500
• Schindler 7000
• Schindler 9300
• Schindler 9700
• Schindler ReStore
• Schindler ReNew
• Schindler myPORT
• Schindler X8
• Schindler INTRUSS
• Schindler MetaCore

Products and services

• Schindler 3100 Elevator Machine-room-less traction elevator designed as a cost-effective solution for two- to three-story low-rise residential and commercial buildings.
• Schindler 3300 Elevator Low- to mid-rise MRL traction elevator serving as an efficient alternative to hydraulic elevators for low-rise buildings.
• Schindler 330A Elevator Holeless hydraulic elevator offering an efficient space-saving solution for a wide range of low-rise applications.
• Schindler 5000 Elevator Machine-room-less elevator for low- to mid-rise buildings, suitable for offices, hotels, hospitals, and apartment complexes, with regenerative drive and IoT connectivity.
• Schindler 5500 Elevator High-performance gearless traction MRL elevator for mid-rise buildings, with glass and bare car options for architectural flexibility.
• Schindler 7000 Elevator High-rise traction elevator for tall commercial and residential buildings providing efficient mobility solutions.
• Schindler X8 Elevator Revolutionary elevator that eliminates the need for traditional pit, headroom, and concrete structural shaft requirements, offering architects greater creative freedom in building design.
• Schindler 9300 Escalator State-of-the-art escalator with enhanced safety features, energy efficiency, and space savings for moderate-traffic commercial and public spaces.
• Schindler 9700 Escalator Heavy-duty escalator designed for large public spaces with high-traffic demands such as airports, subways, and railroad stations.
• Schindler 9500 Moving Walk Horizontal and inclined moving walkways combining comfort with safe, fast transportation for retail and public transit applications up to 328 feet.
• Schindler Ahead Digital Platform IoT cloud-based digital building solution connecting elevators, escalators, and moving walks for real-time monitoring, predictive maintenance, and diagnostics.
• Schindler ReStore Modernization Modernization solution that replaces critical electrical components to upgrade efficiency and performance of existing elevators, particularly aging hydraulic elevators.
• Schindler ReNew Modernization Comprehensive elevator modernization solution including new controller, inverter, fixtures, and machine upgrade for smoother ride experience.
• Schindler RePlace Modernization Full elevator replacement modernization solution for buildings requiring complete equipment overhaul.
• Schindler INTRUSS Escalator Modernization Escalator modernization solution using the existing truss to bring old escalators to better-than-new condition, reducing waste and installation time.
• Schindler Maintenance and Service Contracts Ongoing preventive maintenance, repair, and emergency service contracts for installed elevator, escalator, and moving walk portfolios, with digital monitoring via Schindler Ahead.
• Schindler PORT Destination Control System AI-powered destination control system that optimizes traffic flow, alleviates congestion, and reduces elevator wait times while offering personalized service and building access control.

Quantifiable outcome

• R.I.S.E system cuts elevator shaft preparation and installation time by up to 40%
• +4 more outcomes

Named customers13 records

Segments8 records

Ideal customer profiles4 records

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

AI capability7 records

Feature6 records

Partnerships

Nine partnerships are on record, tiered core.

• NavancoreGTM or Marketing Partner · 5 May 2026Schindler selected Navan's AI-powered business travel and expense management platform to modernize its global travel program. Deployment consolidates previously fragmented travel operations across North America and Europe, initially covering Canada, US, France, Portugal, Spain, Switzerland, and UK. Schindler anticipates achieving 11% cost reduction and 95% employee adoption rate with centralized booking tool.
• Wushan County GovernmentcoreStrategic or Co-development Partner · 8 April 2026Schindler partnered with Wushan County government to build the world's longest outdoor escalator system ('Goddess Escalator') in Chongqing, China. The 3,000-foot system with 21 escalators and 8 elevators connects town center to scenic mountain viewpoint, reducing travel time from 3+ hours to 25 minutes. $23 million project took 4 years to construct.
• Talaat Moustafa Group (TMG)coreStrategic or Co-development Partner · 16 February 2026Collaboration with AOI and TMG for Egypt's elevator localization program. Arab-Swiss Elevator Company in Madinaty manufactures, assembles, and tests elevator components for real estate and housing projects, supporting full local manufacturing and technology transfer.
• Arab Organisation for Industrialisation (AOI)coreStrategic or Co-development Partner · 16 February 2026Egypt's state-owned Arab Organisation for Industrialisation partnering with Schindler and TMG for elevator localization. Engineering studies conducted at AOI-affiliated Kader Factory for Developed Industries; supports full local manufacturing and technology transfer.
• Umm Al Qura for Development & ConstructioncoreStrategic or Co-development Partner · 4 November 2025Schindler expanding partnership with Umm Al Qura for Development & Construction (headquartered in Jeddah) for Mecca Masar city development. Schindler supplying 150 elevators and escalators, marking first use of R.I.S.E autonomous installation technology in Saudi Arabia.
• AccorcoreStrategic or Co-development Partner · 25 September 2025Schindler and Accor entered a new service agreement in Asia, strengthening their relationship in the hospitality sector. The collaboration enables Schindler to provide vertical mobility solutions for Accor properties across Asia.
• Bogotá MetrocoreStrategic or Co-development Partner · 7 August 2025Schindler selected as sole provider of all elevators and escalators for the first line of Bogotá's new elevated railway system in Colombia.
• TransLink (Surrey Langley SkyTrain)coreStrategic or Co-development Partner · 2 April 2025Schindler awarded contract to provide 20 elevators and 40 escalators across eight new stations for Surrey Langley SkyTrain - Metro Vancouver's transportation network expansion in British Columbia, Canada.
• The Avenues (Riyadh)coreStrategic or Co-development Partner · 13 August 2024Schindler Olayan providing 293 elevators, escalators, and moving walks for The Avenues Riyadh project - a 1.8 million square meter multi-purpose development in Saudi Arabia. One of the largest single orders in Schindler's history.

Scale indicators12 records

Recent moves8 records

Expansion highlights5 records

Direct peers

• KONE Corporation: Finland-based global elevator and escalator company ranked #2 worldwide. KONE competes head-to-head with Schindler across new installations, maintenance, and modernization, particularly in Europe and Asia-Pacific, and is the named party in the potential KONE–TKE merger that Schindler publicly opposes.
• Hyundai Elevator Co., Ltd. South Korea-based elevator and escalator manufacturer with strong domestic share and growing international presence. Comparable to Schindler in product range (passenger/freight elevators, escalators, modernization) and competes most directly in Asia-Pacific infrastructure projects.
• Mitsubishi Electric Corporation: Japan-headquartered conglomerate whose elevator/escalator division is a top-5 global player. Mitsubishi Electric competes with Schindler especially in Asia-Pacific high-rise and infrastructure projects and is named alongside Schindler among the global Top 5 elevator companies.
• Hitachi Ltd. Japan-headquartered industrial group whose building systems division manufactures and services elevators and escalators. Hitachi competes with Schindler globally and is included in the Top 5 elevator and escalator peer set.
• Fujitec Co., Ltd. Japan-based global elevator and escalator manufacturer focused on new equipment, modernization, and maintenance. Smaller than Schindler but with overlapping product portfolios, particularly in Asia, the Middle East, and the Americas.
• TK Elevator (thyssenkrupp Elevator): Germany-based elevator and escalator company (formerly thyssenkrupp Elevator Technology), one of the top four global players. TKE directly competes with Schindler across the full product and service stack and is the other named party in the contested KONE–TKE consolidation.
• Otis Worldwide Corporation: The world's largest elevator and escalator manufacturer and service provider, headquartered in the US. Otis is Schindler's most direct global competitor across new equipment, maintenance, and modernization, and is currently acquiring Schindler's Korea and Taiwan operations.

Emerging players

• Canny Elevator Co., Ltd. China-based elevator manufacturer with significant domestic share and growing international footprint in emerging markets. Canny is an emerging player rather than a direct global peer, but overlaps with Schindler in mid-rise commercial/residential elevator segments.

Broad incumbents

• thyssenkrupp AG: German industrial conglomerate that was the parent of TK Elevator until TKE's separation. Comparable as a broader incumbent in industrial equipment and infrastructure, with elevator/escalator being the most directly overlapping line of business with Schindler.

Regional players

• Sigma Elevator: Turkey-based elevator manufacturer focused on regional markets in the Middle East, CIS, and Africa. Sigma is comparable to Schindler in product offering (passenger/freight elevators, escalators) but operates in geographies where Schindler has historically had lighter direct presence.

Market position

Strengths5 records

Weaknesses4 records

Competitive moat7 records

Key risks6 records

Key highlights7 records

Customer concentration

• YouTubeyoutube.com/@SchindlerElevatorUS
• Facebookfacebook.com/timeline
• LinkedInlinkedin.com/company/schindler-group
• Instagraminstagram.com/schindlerelevator_us
• Xx.com/SchindlerNA

Compliance8 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles10 records

Subsidiaries8 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A1 record

Investments1 record

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Schindler Group