As the leader in a large and growing $75B marketplace, Otis Worldwide (OTIS) manufactures and services elevators and escalators across the globe, and generates the majority of its revenue outside the United States. Otis Worldwide has a razor / razor blade model that generates ~40% of its revenue from the razor (equipment sales), but 80% of its Operating Income from a growing, recurring revenue stream (the razor blade). Furthermore, there is a long runway for additional growth either in the modernization of infrastructure that is greater than 20 years old or via the