In 2021, KONE’s revenue streams were more than 10.5 billion U.S. dollars. The business dedicated to elevators, escalators, and automatic building doors has had a revenue increase of over five billion euros between 2010 and 2021.
Elevators and escalators
Globally, the leading elevator and escalator companies include Otis, Mitsubishi Electric, Schindler, ThyssenKrupp, and KONE. It is projected that many of these big-name companies will experience some growth due to a rise in the use of modern equipment to produce new-age buildings. Despite the variation within the U.S. market there is still expected to be growth in the global elevator and escalator market in the next years.
Kone company overview
KONE has offices located around the world but is headquartered in Helsinki, Finland. Alongside their increasing revenue streams, KONE has seen an increase in its workforce in 2021, when it reached 61,698 employees. The operating income of KONE has fluctuated in recent years indicating a potential reduction in profit for the company.
KONE's revenue from FY 2007 to FY 2021
(in million euros)
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