USB Data Cable Manufacturing Business – The demand for USB Data Cable is increasing day by day. Nowadays, when we buy any new phone or battery-powered device, then all the companies have started providing USB cables with their Smartphone charger or their chargeable device. When we have to transfer any data, we need only a USB Data Cable. Although there are many sources of data transfer, a USB cable is required for high-speed data transfer.
Apart from this, the data cable is required for data transfer in computers and laptops. Because today the Smartphone company definitely gives cables. But if it gets spoiled after some days, then a new data cable has to be taken. Therefore, in view of the demand for USB cables in the present time, many companies start a business of USB cable and do business of crores. So, if you also want to start this Manufacturing Industry Business Idea then you can earn good money by starting USB Cable Manufacturing Business.
Here in this article, we have given detailed information about USB Data Cable Manufacturing Business.
Table of Contents
Market Demand for Data Cable
The USB Data cable market share is segmented into type, functionality, product type, application, industry vertical, and region. On the basis of type, Data cable is fragmented into USB type A, type B, and type C. And, surge in demand for consumer electronics is the prime reason that drives the growth of the USB Data cable industry during the forecast period. Further, the rise in penetration of Video on Demand, video conferencing, gaming, and home surveillance devices accelerates the demand for USB Data cables rapidly.
USB Data Cable Manufacturing Business – Moreover, an increase in the number of data centres is opportunistic for the industry’s growth. Considering these factors, the USB Data cable market is estimated to experience rapid growth in the future. Furthermore, the global USB Data cable market was valued at $12.44 billion in 2020 and is expected to reach $54.01 billion by 2030, growing at a CAGR of 17.40 percent between 2021 and 2030.
Investment for USB Data Cable Manufacturing Business
The investment in this business is dependent on the business and the land. If you want to start this business on a small scale, then you will have to invest up to 25 lakh rupees. In this, the cost of machinery will be 15 to 20 lakhs.
Similarly, if you want to start this business at a medium level, then you have to invest up to 50 lakh rupees. In this, the cost of machinery will be 25 to 30 lakhs.
Also, if you want to establish this Business Idea on a large scale, then you will have to invest up to 65 lakh rupees in it. In this, the cost of machinery will be 35 to 40 lakhs.
And also, have to be invested separately for all like the building then electricity, water facility and raw material and vehicle.
Space Required for Manufacturing Business
If you want to start this business on a small scale, then you will need 2000 to 2500 Sq Ft Space is needed. If you want to set up this business in a medium way by applying medium cost, then you will need 3000 to 4000Sq Ft Space is required. Apart from this, if you want to start this Business on a large scale, then you should have 5000 to 6000 Sq Ft space will be required.
USB Data Cable Manufacturing Business – you can also buy or rent land to start this business. And also, After making factory, godown and plant in this business, some land should also be kept for parking. and keep in mind that good road facility and water facility and electricity facility should be all things at that location.
Registration and License for Data Cable Business
First, Get a Trade license from local authorities and Municipal corporations. then Register your company with the Registrar of Companies. Also, get a Factory license under the Factories Act. If you want to take advantage of government schemes, then register with Udyog Aadhar.
Raw Material for USB Data Cable Manufacturing
To start this business, you may need essential things are Circuit Boards, Shells, Plastic Granules, connectors, Wires and Packing materials.
For all materials are that you may find very effortlessly within the large marketplace of your city. And, If you do now no longer find these materials on your city, then you could additionally order it online.
Machines for USB Data Cable Manufacturing
There are many types of machines inside it, and the rates of all are also different, investment also depends on them.
The following machines are Required for USB cable manufacturing.
Injection Molding Machine, Electrical Performance Testing Machine, Circuit Boards, Wire Cutting and Stripping Machine, USB connector Soldering Machine, Laser printing Machine, Automatic Cord winding and bundling Machine, Wire Twister, Packing Machine.
For Data cable manufacturing machines And prices, you can get more information from online sites like IndiaMART or alibaba.com.
USB Data Cable Manufacturing Process
In this USB Data Cable Manufacturing Business process, people first put the bundle of wire in the machine for cutting. A wire of length of one meter is cut.
After that, the same wire is logged in the Scholding machine.
And After that USB Micro Chief is installed in it.
After that inner moulding of this viral is done.
And After moulding, the outer moulding of this cable is done.
After that quality testing of this USB cable is done in another machine.
Finally, after the test is done, the packing of the cable is done.
Marketing for USB Data Cable Business
After making any product, marketing is also very important because if the customer does not have any knowledge about the product, then the sale of the product will not take place.
Remember one thing here it is very important to have an idea of the budget even for the marketing of this business.
You can market your business in many ways. You can also market your product by giving free samples on electronic store mobiles and laptops. Apart from this, you can give ads on websites, news channels and TV.
Final Thoughts of the Business
USB Data Cable Manufacturing Business – Before starting this business you have to do area analysis it is very important. According to area analysis, research is done on all the areas necessary for starting a business, that is, plant, product, product price And customer demand, and so on.
Remember that the location you are selecting should have good road facilities and water facilities and electricity facilities.
Make the best quality data cable so that there is a good demand in the market. so that the demand for your products will increase in the market and your own earnings will also increase.
Sell your product both online and offline, which will increase your earnings. Also, keep one thing in mind Determine the price of your product only by keeping in mind the prices of USB cables in the market.