Are you a mechanical engineer? Mechanical engineering is a lucrative career path for engineering students. Apart from jobs, there are many avenues to get into entrepreneurship for mechanical engineers. The object of crafting this article is to provide most profitable mechanical engineering business opportunities to the new entrepreneurs. These businesses can be initiated with small startup capital investment.
Mechanical engineering involves the design, production, and operation of machinery. In India, small business manufacturing in light engineering segment is considered as a profitable investment opportunity. There are many fields that involve in the large-scale production line. These are commonly computer-aided design, product lifecycle management to design and analyze manufacturing plants, industrial equipment and machinery, heating and cooling systems, transport systems, aircraft, watercraft, robotics, medical devices, weapons, and others. Here, we intend to provide a list of small-scale mechanical engineering business opportunities for the new entrepreneurs.
#1. Aluminium Door Window
Aluminium door window manufacturing business is one of the profitable small business manufacturing opportunity in light engineering industry sector. You can start this business with small startup capital.
#2. Barbed Wire Production
With an automatic barbed wire automatic machine, any individual can initiate this business as a home based and small scale basis. Barbed wire is widely used for protection and security purpose. Manufacturing process is simple and raw material widely available in the wholesale market.
#3. Brake Linings
Brake Linings are generally known as brake shoes. These are used in light and heavy commercial vehicles, passenger cars, scooters as friction materials for stopping, speed reducing of the vehicle. A small scale manufacturing is possible of this item.
#4. Clutch Plates Manufacturing
The clutch is a mechanism which enables the rotary motion of one shaft to be transmitted, when desired, to a second shaft the axis of which is coincident with that of the first. The increasing population of vehicles has created an enormous market opportunity for this product.
#5. Electro Coating
Electro Coating is a method of giving a metal an organic finish by using electrical current to deposit the paint. Some of the major application areas are agricultural equipment, appliances, automobiles, electrical switch gear, fasteners etc.
#6. Enamelled Copper Wires
The consumption of Enamelled copper wires has been increasing in the country all over these years due to its extensive usage in electrical industries, automobiles and electronics industries. Entrepreneurs can initiate small and medium scale manufacturing operation of this product.
#7. Gem Clip Manufacturing
Gem clip or paper clip is an essential item as education and office stationery. Gem clip making process is simple. An entrepreneur with low startup capital can initiate this business as the home based also. Gem clip making business can be operated on a part-time or full-time basis. There is a huge demand of 100% stainless steel make gem clip globally.
#8. Hacksaw Blades Manufacturing
A hacksaw blade is a common cutting tool used in all engineering industries. It is so popular and essential that the hacksaw blade is required primary to cut all metals and non-metals. You can start a small scale manufacturing with moderate capital investment.
#9. King Pins & Shackle Pins
King Pins are getting used to connecting piston with the connecting rod in any engine. These are used in automobile engines as well as stationary engines used for power generation or for lifting water when coupled with water pumps. Shackle pins are used to fit springs with the shackle brackets in any automobile. Both are replaceable items and thus create immense opportunities as automobile components.
#10. Non-stick Cookware
This is a consumer household kitchen appliances. In modern lifestyle, non-stick cookwares are the essential items for women. The business is very profitable. You can start with two or three product lines. This will attract moderate capital investment.
#11. Nuts Bolts Manufacturing
Nuts bolts making business is considered as light engineering product manufacturing. Nuts and bolts are a type of industrial fasteners used in various products in the construction industry. Nuts and bolts consist a major link in the family of industrial fasteners and are used by every industry. Bolt is a piece of metal rod, whose one end is unsettled and another end is threaded. The nut is the item which rolls on these threads.
#12. Paper Pins Manufacturing
Paper pins are very essential office stationaries. This is one of the most low-cost manufacturing business. You can start from home also with automatic pin making and coating machines.
#13. Pilfer Proof Caps
Pilfer Proof caps are being used in Pharmaceuticals, Chemicals, Food industries and Distilleries as Glass bottle closures. This is a one-time consumable item and popular B2B product in the liquid packaging industry.
#14. Slotted Angles Production
This is one of the most profitable mechanical engineering business opportunities that can be started as medium scale basis. Storage racks, tables, boards, frames etc can be assembled easily within shortest time with slotted angles. They are widely used in offices, industries, storage rooms, households. The consumption is increasing with the increase in standard of living of the people.
#15. Stainless Steel Cutlery
Stainless steel Spoons, Forks and Stainless steel knives are very commonly used items in households, hotels and restaurants. The demand for this product is increasing very steadily. Specific BIS certification is available in India.
#16. Tie-Rod End Assembly And Gear Shafts
Tie-rod end assemblies and gear shafts are two important components in a vehicle. Steering system provides the controlling system in a vehicle to turn left or right. Tie-rod forms the main component in the steering system. Gear shafts are required to keep the vehicle in motion at various speeds and loads
The U-Clamp, which is in the shape of U refers to the clamp which is used to hold together the several layers of leaf springs of an automobile and hold them onto the axle. This is a very commonly used spare part in automobile aftermarket. You can start manufacturing as small scale basis.
#18. Weighing Machines
Weighing machines are essential tools for industrial and retail use. With the growth of education, commercial activities, industrial production and consumerism the usage of weighing machines are widespread. The manufacturing operation can be initiated with moderate capital investment.
#19. Welding Electrode
Welding Electrodes have widely used consumables in all industries where welding jobs are done. Apart from large industry use, the product has demand in the small welding unit market.
#20. 3D Designing & Printing
3D designing and printing are innovative technology in the engineering field. This is one of the most profitable and trending mechanical engineering business opportunities for the new entrepreneurs. With 3D designing technology, the expenses of modelling have got reduced considerably.
Here, we have listed some of the top mechanical engineering business opportunities for the entrepreneurs. To start these businesses, it is not mandatory that you have to be an engineer. However, the degree is a plus. If you have any profitable idea in this field mention it on our social media platforms.