Ilkka Sinervä has written about Kone’s competitors. 
The share prices of the global elevator trio – Kone, American Otis, and Swiss Schindler – have mostly stagnated after three quarterly earnings releases. The companies’ outlook for the current year is cautiously positive, but China’s boost is not expected to return to the demand for new equipment.
Stock market circles may have paid too little attention to the sharp decline in sales of new elevators and escalators, which fell for all three elevator companies in June–September.
New elevators and escalators always bring with them more orders for modernizations and maintenance. Kone, in particular, has succeeded in leveraging its previous order boom in China and has grown its service sales more strongly than its competitors.