An engine crane is a tool typically used to remove or install gasoline or diesel engines in vehicle engine compartments. This article highlights and describes some factors that affect the price of engine hoists in Kenya and how these factors influence the price scale.
The merchants and consumers of engine hoists in Kenya focused on their prices. When the price rises above the optimum level, consumers get affected in one way or another, which applies when the price drops. Not only customers are affected but also the merchants themselves. However, the price shift does not just come from nowhere but is triggered by certain factors.
These factors are discussed below;
Quality
The first factor is the manufacturing technology and the quality of the engine hoist. Typically devices of high quality tend to go at higher prices. This means that the price will increase when a new and high-quality product enters the market. Good engine hoists strictly have high-standard accessories that suit their performance. Therefore, the price level changes when they enter the market to accommodate their value.
If engine hoists were going at low prices before the entry of new ones in the market, then merchants may decide to reduce their costs so that they may sell them faster to create room for the latest stock of high-quality engine hoists.
Brand
Another factor that influences the price of engine hoists in Kenya is the type of brand of the tool. Under normal circumstances, not all brands of goods have the same prices. This means that the cost of one brand’s product will always differ from that of another. Therefore, the engine hoist price in Kenya depends on the brand it is sold under.
Market
Also, the market demand largely influences the price of engine hoists in Kenya. Dealers may sometimes decide to price their products based on the demand for them by consumers. When the demand for engine cranes exceeds the same supply, the price will go higher. Similarly, the price tends to reduce when there is much more supply than demand.
Competition
The level of competition in the market also predominantly affects the price of electric cranes in Kenya. Many manufacturers of engine cranes always consider the nature of competition in the market before pricing their goods unless in the case where the business is a monopoly. Therefore, dealers of electric hoists in Kenya price their interests lower or equal to the costs of their competitors.
Distribution channels
Distribution channels have an impact on engine crane prices. In Kenya, there is always a more extended range of distribution channels from the producer to the consumer. Every channel has to be compensated for the service it renders in distribution. Therefore, merchants must include their distribution cost in the pricing, and the consumer must pay.
When the distribution conditions are favorable, that is, low taxes imposed on them, the prices will be low. Conversely, the costs will increase when unfavorable conditions surrounding the distribution channels, such as harsh climatic conditions and insecurity.
Conclusion
In summary, the cost of acquiring an engine hoist or crane in Kenya depends on several factors which affect the price level either negatively or positively.
