Abstract:
I. Product and its uses
The machanical screw jack is a device to lift
heavy loads and is especially used for lifting of
vehicles for repairs. It is thus an essential items
of the tool kit of a vehicle. Hydraulic jacks
are also used for the same purpose but due to
low cost of mechanical screw jack, it is commonly
used. (Reserve list item No. 360).
U. Market Potential
As pointed out earlier, it is an essential item
for tool kit for a vehicle. It is also used by
the repair workshops. Road transport industry
is expanding at very fast rate and with this the
demand for jacks will also continue to rise.
There is also a substantial replacement market
demand. There is great demand for this item
from the developed and under developed countries
as well thus there is a very good market
potential for this item.