Do you want to start a profitable carpet making business? Find here a detailed carpet manufacturing business plan guide with the process, raw materials, and machine.
Basically, carpet is a textile floor covering. So, it is both functional and decorative. It provides a beautiful look and as well as warmth too. Generally, it comes made of wool, cotton, or synthetic yarn. Basically, the beautiful pattern of it makes the carpet so lucrative and beautiful.
The carpet-making process is simple. And one can start this business with a small startup capital investment. And also, you can start a small carpet production unit as a home too. However, you will need to have sufficient space for the operation. Also, from the same unit, you can produce quilts, rugs, etc. So, you can also expand the product line easily.
Carpet Market Potential
The future of the global carpet and rug market looks good with opportunities in the residential, non-residential, and transportation segments. According to the industry experts, the industry will grow at a CAGR of 2.6% by value from 2018 to 2021.
The major drivers of growth for this market largely revolve around the construction and transportation industry and an increase in renovation activities. Nowadays, consumers are moving towards bold attractive colors. Additionally, the non-geometrical designer patterns of carpet and rugs are getting rapid popularity.
Furthermore, the demand for eco-friendly carpets is also increasing. According to the end-user, there are several segments that are dominant in the carpet industry. These are
Starting Carpet Making Business Plan
1. Create a Business Plan
Crafting a business plan is absolutely necessary for this business. First of all, you need to identify the demand for the specific type of carpets in the market. And decide the product. And after that only, you can decide the cost, machinery and production process.
Additionally, check the price on the market for that type of carpets. And finally, decide carefully what type of carpet you will be going to produce. In addition to that, you must include the financial cost analysis and a marketing strategy for your product.
2. Licenses & Permission
Generally, the carpet manufacturing business doesn’t demand any specific type of license. However, you need the business registration. Additionally, it is advisable to check the norms of the local authority. It is better to know earlier what it takes to start the business. If you want to capture the international market, then you definitely need a specific export-import license.
3. Buy Carpet Making Machine
Currently, there are software-operated carpet-making machines are available in the market. And with these machines, you can produce different types of decorative carpets according to your design. Generally, you can produce 17 to 20 meter wide carpets with these machines.
The machine is the eight-tone line computer jacquard carpet round machine. Actually, these are computer jacquard machines with multiple functions, do the whole secant, full terry, circle cutting, high low loop pile style.
Also, you can use this machine to produce an eight-color carpet, the carpet surface color is more diverse, with the automatic shear line, reduce the bottom line buried yarn, the blanket surface wool density thickening, carpet surface grams of weight, so as to reduce the production cost.
4. Procure Raw Materials
The main raw materials are woolen cotton and synthetic yarn and dyes and chemicals. Also, you can use synthetic fibers or jute. Generally, the specific requirement of raw materials depends on the specific type of carpet you want to produce. Additionally, you will need to procure the packaging consumables too.
5. Carpet Making Manufacturing Process
The manufacturing process of carpets involves essentially the following operations.
- Purchasing, spanning, washing, and drying the yarn
- Drawing the design on graph paper and then memorizing
- Setting up the loom
- Weaving, (knotting) the carpet by using suitable yarns
- Pressing down in each row by using a heavily toothed metal comb
- Making the carpet look smooth and even by cutting away the fringes left after knotting the woolen yarn weft.
- Washing the carpet and drying
- Wrapping and packing
6. Evaluate the Cost & Investment of Carpet Making Business
The cost of starting a carpet manufacturing business will largely depend on the scale of operation and production output. However, opening a small-scale carpet making business will require an approximate investment of Rs. 10 Lacs to Rs. 25 Lacs. Furthermore, you will also need to have at least 1000 sq. ft to manufacture carpets.
Basically, carpet making is a traditional industry. Nowadays, with the development of technology, you can both make and sell carpets in the simple process of making money.
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Editorial Staff at NextWhatBusiness is a team of Business Consultants having years of experience in small and medium scale businesses.