50 Profitable Metal Related Business Ideas (Ultimate List)
Are you interested in starting a metal business but not quite sure which area to focus on?
Analysts forecast that the metal and metal manufactured products industry is growing at a CAGR of 5.2% and will reach $18.5 trillion in the next few years.
Therefore, starting your metal and steel business ideas in 2024 can be a noble idea.
The good news is there are several metal business ideas you can start and become a successful entrepreneur in that line.
If you're looking to start your own metal business, we put together a list of the most profitable metal and steel business ideas.
Here they are:
1. Start a knife sharpening service
Every household has a bunch of knives in it. All those households have dull knives that may need sharpening to serve the owners well. Therefore, there is already a market for your knife sharpening business. To start the business, drive down the road, knock and ask the homeowners if their knives need sharpening.
How much you can make: $2,000 — $200,000/month
How much does it cost to start: $5,000 (?)
Knife Aid, a mail-in knife sharpening service, has seen a steady increase in sales month over month since launching in early 2019 and is now trading at $250,000 per month largely due to the service being "something every American home is in need of," gaining huge PR boosts, and offering a unique supply-and-repair service that requires very low investment.
2. Start a metal fabrication business
A metal fabricator builds machines and structures from raw metal materials. The metal fabrication process involves cutting, burning, welding, machining, forming, and assembling to create metal products.
It would help if you had at least a high school diploma and technical training before starting the metal fabrication business. The fabrication job also requires basic reading and math skills.
Be aware that the metal fabrication business is not one you can start in a short time unless you have a large budget.
How much you can make: $600/month
How much does it cost to start: $5,500 (?)
How long does it take to build: 180 days (?)
DownHomeModern's Marc Staples turned his creativity into a successful business through handcrafting windbells and chimes with a rustic style that pays homage to American Southwest decor.
3. Become a nuts and bolts manufacturer
Nuts and Bolts Manufacturing Business is a huge sector of the USA manufacturing economy. The importance of nuts and bolts manufacturing can not be overstated as every machine tool, appliance, and vehicle that we interact with within our everyday lives uses these tiny parts on a daily basis.
Nuts and bolts are small metal pieces that are used in a variety of applications. They are typically small enough to be held with one hand, but they can also be used as fasteners.
The use of nuts and bolts is not limited to construction. In fact, the automotive industry relies on them for the production of cars, trucks, and other vehicles. The military also uses them for equipment such as tanks and other armored vehicles.
4. Start a Hand tools production
Tool making involves designing and engineering tools required for manufacturing parts or components. Tool manufacturers use the molten casting process to create hand tools.
The demand for general hand tools like cutting tools, measuring tools, screwdrivers, drillers, pliers, chisels, and general gardening tools has been and will keep ramping up. Therefore, starting the hand tools manufacturing business can be a profitable venture.
To start a tool production business, you need a complete understanding of the assembly process and how to carry out testing to ensure the tools serve their purpose.
5. Become a bicycle manufacturer
The global bicycle market will reach a CAGR of 8.2% in the next decade. Leisure needs, government initiatives, and increasing health consciousness among all ages are reasons bicycles have become a popular transportation method. Experts expect that that industry will continue growing at a significant rate globally.
Starting a bicycle manufacturing business can be rewarding and profitable. To start a bicycle business, consider your target market and research the competition. Narrow down the niche, create a website, and market your business.
How much you can make: $1,000,000/month
How long does it take to build: 1230 days (?)
Yuba Group has pioneered the field of an entirely new segment in the cargo bicycle industry, with a 15-year-old company that has put over 50,000 cargo bicycles on the road, becoming a $15M company.
6. Start a hardware store
A hardware store sells tools, farm implements, and construction materials such as nails.
To start hardware, decide between opening your hardware store or starting a franchise. A franchise store provides access to an established name, a well-proven operational model, and a reliable supply chain. On the other hand, starting your hardware store lets you make independent decisions about how the business will operate.
How much you can make: $30,000 — $500,000/month
How much does it cost to start: $500 (?)
How long does it take to build: 30 days (?)
Suffolk Latch Company, an online store specialising in traditional and hand forged ironmongery, has experienced a 20% increase in turnover compared to the previous year despite economic turbulence, attracting and retaining customers through a multi-pronged approach of Google ad campaigns, reviews and social media, blog articles, and selling through eBay and Amazon.
7. Start an automobile parts business
The automobile wholesale business sells auto parts to other businesses. This can include anything from car seats and tires to the engine oil and brake pads. The main goal of the automobile parts business is to source the items at a lower price and sell them to retailers at the wholesale price so that their customers can make a profit when they resell the products.
The typical customer base for this type of company will be auto repair shops, car dealerships, and body shops. Before you can open the automobile wholesale business it is good idea to research the market to see how the competition is, and know which parts are in demand.
How much you can make: $45,000 — $1,200,000/month
How long does it take to build: 365 days (?)
This case study follows an inspiring 22-year-old entrepreneur who started an eCommerce store for aftermarket vehicle accessories, making 5x the amount of money he used to make per month, and generated over $90,000 in sales last year.
8. Start a scrap metal hauling business
If you do not mind getting dirty and are passionate about helping keep the environment green, consider starting the scrap metal hauling business.
Hauling scrap metals and recycling or selling them to metal fabricators might be a profitable business. To start, you need a truck and a trailer, and a space where you can store and sort out the scrap metals.
Starting a metal hauling business lets you choose your working hours and be your own boss.
How much you can make: $600/month
How much does it cost to start: $5,500 (?)
How long does it take to build: 180 days (?)
DownHomeModern's Marc Staples turned his creativity into a successful business through handcrafting windbells and chimes with a rustic style that pays homage to American Southwest decor.
9. Become a kitchen accessories manufacturer
Kitchen accessories are essential in every kitchen, whether private or commercial. Starting a kitchen accessories business is a great way to earn a living.
If you love metal work, you can start manufacturing knives, pots, kettles, and other kitchen accessories. To start the business, you must have a solid understanding of the technological processes for manufacturing kitchen utensils and other accessories.
How much you can make: $2,000 — $500,000/month
How much does it cost to start: $2,800 (?)
How long does it take to build: 275 days (?)
BBQGrills.com is an online retailer of outdoor kitchen equipment, BBQ grills, and patio heaters that earned $2 million in sales within its first year of business through a focus on quality, performance, and customer service.
10. Start a metal furniture construction and fabrication
Unlike wooden furniture, metal furniture lasts longer and requires minimal maintenance.
Metal furniture production uses iron, carbon steel, and aluminum to fabricate indoor and outdoor furniture. Stainless steel is the commonly used metal for the production of metal furniture.
If you love fabricating and have strong creativity, you can start your own metal furniture business. To start, you need a reliable supply of metal and skilled labor to produce high-quality and unique metal furniture.
11. Start a cooking gas cylinders production
The market research report shows that global natural gas will witness strong growth in the coming decade.
With the increased demand for natural gas comes the demand for gas cylinders used for packaging and transporting natural gas. Therefore, if you want to start a metal business, you may consider manufacturing gas cylinders.
To start the gas cylinder manufacturing business, you should partner with a reliable metal supplier and work with the LPG manufacturers to meet their specifications.
12. Start a metal sign business
Are you looking for a low-capital metal business idea? You can start a metal signs business. Business signage includes interior and exterior signage that conveys essential information to the target customers and increases brand awareness.
You need artistic and design skills to start a metallic signage printing business. Then, you will need a reliable supply of metal sheets to create metallic business signage.
How much you can make: $220,000 — $800,000/month
How long does it take to build: 30 days (?)
Front Signs is a B2B sign-making company that started with four friends and grew to a team of 42 employees, generating an average monthly revenue of $800,000 from over 500,000 nationwide customers, including Coca-Cola, Six Flags, and Armani Exchange.
13. Start a metal detectors production
Metal detectors are useful for finding metal inclusions hidden within objects or buried underground. The metal detectors are popular at airports, prisons, courthouses, and other restricted entry places. Metal detectors are in high demand among mineral hunters and the security industry. Therefore, starting the metal detector manufacturing line can be profitable.
To start manufacturing metal detectors, you need to study the current industry trends and have a defined market.
14. Start a metal gates construction business
Metallic driveway gates make the home feel secure and look beautiful. Homeowners and commercial property owners tend to prefer metal gates. With the high demand and increased popularity of metal gates, starting your own metal gates construction business is a noble idea.
To start, research the market to find the designs and the current market trends. Then, find reliable metal sheet suppliers near you, and hire skilled fabricators. You will also need a workshop where you will construct the gates and a showroom so you can display the finished metal gates.
15. Start an armored electric cables production business
Armored electric cables feature steel wire encased for protection against mechanical damage. The armored electric cables are popular when homeowners require them buried directly underground or for outdoor installation and in tunnels.
With the construction industry expected to grow steadily, the demand for electric cables will also increase. Thus, there is a great chance for armored electric cable manufacturers. In that regard, starting an armored electric cables business can be profitable.
16. Start a railway tracks engineering & construction business
Rail tracks are the most critical part of the railway line as they ensure a safe and smooth train rid. Experts project that the passenger rail segment will register the fastest growth this decad With the increased construction of railway lines, rail track manufacturers will realize an increased demand for their products
Therefore, starting a railway track engineering and construction company could be a noble business. The business opportunities include:
- Steel rails that will provide a surface for train movement
- Railway sleepers that support the rails and absorb vibrations
- Railway fish plates and fish bolts that connect steel rails
- Rail fasteners
17. Start a construction nails manufacturing business
With the rapid population growth globally, demand for housing and other infrastructure has increased exponentially.
With the construction industry poised to keep growing, demand for construction nails will also keep rising. If you are passionate about starting a metal-related business, consider a construction nail production company.
Construction nails are made using steel, brass, aluminum, or other metals that provide corrosion resistance and gripping power. If you are considering starting the nails construction business, understand the industry and acquire nail-making machines. Set up your nail production factory within an industrial area and seek the necessary licensing before launching the operations.
18. Start a locksmith business
Locksmith businesses make and install locking systems on residential, commercial, or automobiles. The global demand for locksmiths.
The increasing demand is driven by growing residential and commercial construction markets and disposable income per household.
Therefore, starting a locksmith business can be rewarding and profitable. To start the locksmith business, undertake the necessary locksmith training and acquire a locksmith’s license and permit. To provide quality services, you will need state-of-the-art locksmith tools and equipment.
19. Start a metal tanks construction business
Stainless steel tanks are popular in storing petrochemical products, food, and beverages, and also in the agriculture sector. Besides, increased water use for industrial and commercial applications has prompted the demand for storage tanks.
If you have a passion for starting a business within the metal industry, you may consider the production of water tanks.
To start your metal tanks business, choose a niche and understand the industry’s preferences. You can manufacture metal tanks using galvanized iron, stainless steel, aluminum, or other rust-resistant metal.
20. Start a pad locks production business
A Padlocks business is a low-overhead business with a high markup potential. Commercial and residential owners use padlocks to prevent robberies in buildings or areas.
To start a padlocks business, conduct market research, so you understand the industry and write a business plan. Then, find a reliable raw materials supplier and a suitable business location.
21. Start an aluminium products manufacturing business
Aluminum is highly used in manufacturing products that simplify and increase the quality of our daily life. The aluminum products include kitchenware, electric power lines, food packaging cans, furniture, automobile parts, etc.
To start an aluminum products manufacturing business, you need capital to finance the cost of aluminum fabricators and trained personnel. Register a sole proprietorship, LLP, or a company and procure the trading license.
22. Start a staple pins business
Are you looking for a low-investment and profitable business you can operate from home? Staple pins production could be the best choice for you. Staple pins are commonly used office stationery that attracts a high demand.
You can start a staple pins production business as a franchise, a sole proprietorship business, or a partnership with an established stationery business.
23. Start a metal scraping business
Metal scrapping refers to the recovery and processing of recyclable metal materials. Metal scrappers collect end-of-life products and structures and refine or sell them to metal product manufacturing and fabrication companies, where the scraps are reintroduced as raw materials.
To start a metal scrapping business, find out the possible sources of scrap metal and ensure you understand the legal and tax issues concerning operating the business. Spot a location where you will get a deal for your scrap metal business, and start collecting the scrap metals.
24. Start a chicken wire production business
Chicken wires are fencing and housing for chickens, small crop farms, and livestock. As more people embrace farming, the demand for chicken wire will keep rising.
Thus, starting a chicken wire production business can be a profitable venture. Chicken wires production uses the netting machine to shape the wires into hexagonal.
To start the business, invest in a netting machine and source the raw materials. Register the business and acquire the necessary licenses.
25. Start a blacksmith business
Blacksmithing is a form of functional art that focuses on creating tools like chisels, drills, custom metal work for gates, railings, weapons, etc.
If you are comfortable working in an extremely hot work area with tools and fire to shape steel and iron, consider starting a blacksmith business. To become a blacksmith, learn the basic skills and seek internships so you learn on the job and produce quality results.
26. Start a metal chains production business
27. Start a gas cookers and ovens production business
28. Start a satellite dishes production business
29. Start an anchors, anchor chains and anchor rings construction business
30. Start a telecommunication masts construction and installation business
As telecommunication companies are working towards achieving 100% connectivity across the country. Thus, they hire telecommunication engineers to help erect the transmitter masts.
Thus, starting a telecommunication erection and installation business can be a lucrative opportunity for all telecom engineers. Telecom erection and installation businesses work from the ground up to build structures and install telecommunication equipment.
How much you can make: $30,000 — $150,000/month
How long does it take to build: 265 days (?)
Fli-Fi is a temporary internet connectivity and WiFi company that has seen consistent triple-digit growth over the last 6 years, with more than 30 jobs and repeat business from clients who trust and rely on their great service.
31. Start a bill boards construction and installation business
32. Start a ship production business
33. Start a metal exports business
34. Start a clutches designing and production business
35. Start a custom metal cups business
For modern consumers, customization and personalization make a product feel unique and give them the added feeling that their product is exceptional. If you are creative, you might use laser technology to engrave utensils such as metal cups and plates.
Laser engraving is an advanced technique for making precise carves on metal surfaces using high penetrative lasers.
36. Start a burglary proofs construction business
37. Start a music instrument manufacturing business
Do you have a penchant for craftsmanship and music? Starting a music instrument manufacturing business could be your perfect venture. This business involves creating musical instruments, from guitars and pianos to trumpets and flutes, meticulously crafting each piece to produce superior sound quality.
The world of music is vast and ever-evolving, ensuring a steady demand for quality instruments. Your business would cater to musicians, schools, and music stores, offering them uniquely designed, handcrafted instruments. The pride of seeing your product creating beautiful music is immensely rewarding.
To succeed, you'll need a keen eye for detail, a good ear for sound, and solid woodworking or metalworking skills. While setting up a workshop and sourcing materials may require an initial investment, the satisfaction of building something from scratch and the potential for high returns make it a compelling prospect. This business promises both creative fulfillment and financial stability.
How much you can make: $550,000/month
How much does it cost to start: $5,000 (?)
Flute Center of New York is the largest flute-centric company in the world, servicing musicians globally with an impressive retail level sales of over 7 million USD in 2019 by selling flutes and piccolos ranging from $500 to an astonishing $75,000.
38. Start an anvils construction business
39. Start a clipper blades and sharpeners production business
40. Start a metal buckets and basins production business
41. Start a buckles and nobs production business
42. Start a metal staircase railings construction business
43. Start a curtain pipes and accessories production business
44. Start a safety pin making business
45. Start a farm implements production business
46. Start a metal spoons and other cutleries production business
47. Start an auto spare parts production
Auto spare parts production can be a rewarding venture for those looking to tap into a consistent market with growing demand. This business involves manufacturing essential components that vehicles need for maintenance, repair, and enhancement.
By focusing on the production of high-quality auto spare parts, you can cater to a diverse clientele, including car owners, repair shops, and even car manufacturers. The main tasks involve setting up a production line, ensuring quality control, sourcing raw materials, and establishing distribution channels.
With the rise of the global automotive industry, the need for reliable spare parts is only increasing. Investing in modern machinery and skilled labor can set your business apart in a competitive market. If you have a keen eye for precision and a knack for understanding automotive needs, this could be a lucrative and fulfilling business idea to pursue.
How much you can make: $45,000 — $1,200,000/month
How long does it take to build: 1682 days (?)
Elaphe Propulsion Technologies has revolutionized the electric vehicle industry with their in-wheel electric motor technology that can accelerate a vehicle from 0 to 100km/h in just three seconds, enabling carmakers to design truly user and mission-focused cars and work with all of the key traditional and new carmakers.
48. Start a jacks production business
Ever thought about making a living while literally lifting things up? Enter the jacks production business. This niche industry centers around the rental and maintenance of hydraulic jacks used in construction, manufacturing, and logistics.
Starting a jacks production business involves acquiring high-quality equipment, forging partnerships with construction firms and factories, and ensuring consistent maintenance and safety checks. Clients will rely on you for those times when massive weight needs an extra lift, making your service indispensable.
While the initial investment in heavy-duty jacks and safety protocols can be significant, the returns are promising. Demand is steady, given the essential role of hydraulic jacks in various industries. For those with a keen interest in machinery and logistics, this business offers both steady work and the satisfaction of solving substantial, real-world problems.
How much you can make: $580,000/month
How long does it take to build: 60 days (?)
Origen RV Accessories has grown by an average of 124% YoY, grossing over USD 130,000 in the first year, and now carries over 40 SKUs, with six major distributors, and more than 300 RV dealerships, recently recording a NPS of 88 with their unique RV SnapPads.
49. Start a powder coating/metal plating and treatment Business
50. Start a stoves production business
How long does it take to build: 700 days (?)
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Download the report and join our email newsletter packed with business ideas and money-making opportunities, backed by real-life case studies.
Download the report and join our email newsletter packed with business ideas and money-making opportunities, backed by real-life case studies.
Download the report and join our email newsletter packed with business ideas and money-making opportunities, backed by real-life case studies.
Download the report and join our email newsletter packed with business ideas and money-making opportunities, backed by real-life case studies.
Download the report and join our email newsletter packed with business ideas and money-making opportunities, backed by real-life case studies.
Download the report and join our email newsletter packed with business ideas and money-making opportunities, backed by real-life case studies.
Download the report and join our email newsletter packed with business ideas and money-making opportunities, backed by real-life case studies.
