frankvaladezFebruary 7, 2021 20
According to Zeal Insider, the Handling and Lifting Equipment market was at valued at US$ xx million in 2019 and is anticipated to rise at a CAGR of xx% during the forecast period from 2020 to 2028. The report on the Handling and Lifting Equipment market compromises in-depth analysis covering key regional trends, market dynamics, and provides country-level market size of the Handling and Lifting Equipment industry. Some of the major aspects considered during the course of research included product description, product classification, industry structure, various participants in the Handling and Lifting Equipment market, etc. The report provides actual market values for 2018 and 2019 along with forecasts for the period from 2020 to 2028, and CAGR % measured for individual segments and regional markets.
Escorts rose 3.43% to Rs 1302.80 after company said its tractor sales jumped 88% to 7,733 units in December 2020 over December 2019.Escorts said this was its highest ever December sales. On a sequential basis, however, the tractor sales declined 23.9% in December 2020 from 10,165 units sold in November 2020.
Domestic tractor sales in December 2020 was at 7,230 units, registering a growth of 90% from 3,806 units sold in December 2019. Export tractor sales jumped 63.3% to 503 units in December 2020 from 308 units sold in December 2019. Post Lockdown, this is the first month where we could supply as per demand of customers, some of whom waited long to get their preferred tractor brand. Going forward all macroeconomic factors remain in favour of continued growth and we do not expect any significant supply-demand gaps. Rising Inflation, however, continues to be a worry, Escorts said in a regulatory filing.