Nuts and bolts are two different tools made of iron or steel, they are often used together to give the final shape to structures or to fasten them. Nuts and bolts are the most important items used in industries to make structures. They are available in many shapes, colours, and sizes. India is one of the fastest-growing manufacturing industries in the world, and manufacturing and infrastructure work in India has grown rapidly in the last few years. So, one of the most important items in manufacturing and infrastructure that is needed everywhere is nuts and bolts. In such a situation, considering its utility and importance, if you start a nut bolt manufacturing business, then it can prove to be a very profitable business. In this article, we will provide how you can start a nut bolt manufacturing business and earn lakhs of rupees monthly.
Table of Contents
Market Opportunity
Nut bolts are used to make small to big machines, build bridges, build houses, motor vehicles and infrastructure. No construction can be complete without its use. The business of making nut bolts is a very attractive business in the global market, which includes big countries that are contributing significantly to the demand, production and supply of this sector. The demand for nuts and bolts is expected to grow rapidly in developed and developing countries. Yes, is currently valued at around $57 billion and is expected to reach $80 billion by 2031. Because, the infrastructure and automobile industries are developing rapidly, the demand for nuts and bolts around the world is increasing rapidly. Therefore, taking advantage of this rapidly growing opportunity and starting a nut bolt manufacturing business will be very beneficial.
Do market Research
Before starting a nut and bolt manufacturing business, learn all the things related to nut and bolt manufacturing. Nuts and bolts are available in many types and sizes, depending on their application in the market, such as garage bolts, machine screw bolts, lock nuts, stud bolts, wing nuts, J and U or eye bolts, square or hex nuts. Therefore, do market research first so that there is no difficulty after starting the business. In market research, pay special attention to the demand for the type of nuts and bolts in the market, availability of raw materials, cost of machinery, cost of starting the business, profitability, quality, demand and supply of the product, transportation arrangements, and more.
Choose the Right location
To start a small-scale nut bolt manufacturing business, your plant or factory, warehouse, and office space should be at least 500 to 1000 square feet. For a medium to large-scale operation, you may need 2,000 to 5,000 square feet or more to ensure smooth workflow and storage. Apart from this, set up the business in a location where all the conditions related to this business are favorable. Most importantly, try to locate your plant in an industrial area and connect the plant to a main road so that there is no difficulty in the movement of vehicles.
Get the Necessary Licenses and Registrations
If you are doing nut bolt manufacturing business on a small scale, then you do not need any license, but if you are doing nut bolt manufacturing business on a large scale, then get the following licenses and registrations like MSME license, SSI registration, GST registration, Factory license, BIS registration, NOC from State Pollution Control Board, NOC from local authority. You can get these licenses through the MSME Udyam registration website, GST portal and relevant government websites like the Directorate of Industries in your state.
Cost for Nut Bolt Making Business
If we talk about the cost of setting up a nut bolt manufacturing business and factory, it can be said that it is a small business that can be started at a low cost, in a small space. The cost of a nut bolt manufacturing machine ranges from 6 lakhs to 20 lakhs rupees, apart from this, raw materials and other necessary materials may require around 3 to 5 lakhs rupees. In total, you need to have at least 8 to 10 lakhs rupees to start a nut bolt manufacturing business. Apart from this, if you buy land and a building to set up a factory or buy your own for order delivery, your costs may also increase.
Buy Nut Bolt Making Machine
Starting a bolt and nut-making business requires essential machines such as a cold forging machine, thread rolling machine, nut tapping machine, bolt-making machine, die sets, heading machine, pointing machine and polishing machine. These machines help in cutting, shaping, threading, and finishing bolts and nuts to meet industrial standards. In India, you can source these machines from local industrial equipment manufacturers or suppliers in cities. OR alternatively, online platforms like IndiaMart and TradeIndia offer a wide range of bolt nut-making machines at competitive prices, enabling you to compare options and purchase conveniently.
Arrange the Raw Material
The most required raw materials in the nut bolt manufacturing business are high-grade steel, stainless steel, or alloy steel rods, depending on the type and application of the bolts and nuts being manufactured. Its size ranges from 6 mm to 18 mm, which starts from ₹ 60 to ₹100 per Kg in the market. Additional materials like lubricants, plating chemicals, and packaging materials are also necessary. You can get more information about raw materials for making nut bolts by visiting your local steel shop, and also you can visit the website of Indiamart and Trade India.
Nuts and Bolts Manufacturing Process
The bolt and nut manufacturing process involves several key steps. First, raw materials like steel rods are cut into appropriate sizes using cutting machines. Next, the shaping process begins, where bolts are formed using forging or extrusion methods, and nuts are shaped using stamping or machining techniques. The formed parts are then threaded using threading machines for precision. After threading, the bolts and nuts undergo heat treatment to enhance strength and durability. Finally, the products are finished and coated to prevent rust and improve appearance, followed by quality inspection to ensure they meet industry standards. After that, it is weighed and packed in packets and sacks and sent to the market.
Do Marketing for Sales
To market the nut bolt manufacturing business, first, you can visit wholesale and retail hardware shops, furniture shops, welding shops, construction site machines and motor car manufacturing factories in your local. Participate in trade fairs and exhibitions to showcase your products and connect with potential buyers. And also, you can do it through online B2B websites like INDIAMART, OR TRADEINDIA and B2C websites like Flipkart, Amazon, Meesho and more. Also, use online platforms like LinkedIn and industry forums to network and promote your products. Highlight your quality standards, competitive prices, and customization options in your marketing materials.
Profitability from Business
Talking about the profit in nut bolt manufacturing industry, it is a highly demanding manufacturing industry, which depends on the availability of raw materials and the demand for nut bolts in the market, however, an average profit of 15 to 20% can easily be earned in this industry. For example, if your income is ₹20,000 per day and after deducting the costs of raw materials, labour, and electricity, you can earn a profit of ₹10,000 per day. With efficient operations and bulk orders, the monthly profit will be between ₹2.5 to ₹3 lakh, making it a profitable venture for small-scale entrepreneurs.
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