The Role of Nut & Bolts Making Business in Industrial World Today

          Starting your own business is not an easy task, it takes a lot of effort and maneuver planning to make your business successful especially if it is related to making nuts and bolts. There comes few significant factors and few benefits as well which make any fastener, bolts, nuts manufacturer in limelight.

However, first, take a look at what role does it play in the industrial market, and thus how it can be beneficial;

It has Market Potential

Since the nut and metal are metal fasteners, so they hold much significance in industrial market. They are very important tools in the construction, automobile, and machine manufacturing industry. This helps in increasing boom of construction and automobile has increased its demand.

Their demand exists throughout the year.

Target Customers

 This business grabs different target audience belonging to relevant industries such as;

• Transportation industries – This includes railways, wagon, aircraft, automobile, and bicycles
• Electrical industries – This includes transformer manufacturers, electric motors, and fans
• Building activities: This include bridge constructions, and steel structures

Besides, this business is useful for machine tools, and agricultural machines

Now, let’s move towards what things you need to consider before starting your own nuts, and bolt making business.

 Factors / Thing to Consider Prior Starting Your Own Bolt Making Business

 Raw Material

The newly startup of fastener bolts, nuts manufacturers will need;

• Hexagonal mild steel rod
• Hydrochloric acid
• Lubricant
• Packaging

Area – For making of fastener nuts, and bolts the area will be required around 2000 sq. ft.

Machinery

The required machinery include;

• Thread rolling machine
• Steel polishing barrel
• Head trimming machine
• Double stroke cold head forging machine
• Automatic nut forming machine
• Nut tapping machine

Manpower

The manpower in bolt making business might include;

• 2 skilled workers
• 2 unskilled workers

Business Model & Growth

Start selling to the local hardware shops. Build a strong network with industries, distributors, and retail stores, approach local factories that manufacture machines, and target work contracts from construction companies, electrical industries, and vehicle assembling units.