Woodworking and wood carvings are the early age industry and one of the fastest-growing industries in any developed and developing economy. If you want to enter this industry and are not sure which one to start, find here a list of the most profitable low-cost woodworking business ideas.
Apart from mainstream wooden furniture, wooden handicraft also possesses a vast cultural and ethnic diversity which is applied to a range of themes, techniques, and crafts. Much of this growth is fueled by the huge demand for the domestic market and access to modern machinery to meet this demand.
Technology up-gradation & capacity expansion is a strong focus area today for the woodworking business entities in India.
Woodworking businesses can be initiated on a small-scale and home-based basis. The field is hugely diversified and only you need to select the right product. Indian Woodwork Industry uses various kinds of woods, for example, Walnut, Sandalwood, Teak, Sheesham, Deodar, Ebony, Redwood, Rosewood, Red, Cedar, Sal, and much more. Recently, the embedding of brass wires has gained a lot of attention worldwide.
Table of Contents
List of 12 Woodworking Business Ideas
1. Plywood Manufacturing
Plywood is a popular interior material for housing, ships, vehicles, and furniture. It is an economical, factory-produced sheet of wood with precise dimensions. Plywood manufacturing is a profitable venture for new entrepreneurs.
2. Wooden Furniture Making
Wooden furniture is one of the earliest-age industries in India and still is considered profitable. Ethnic and modern, both two types of furniture are in demand. Bed, sofa set, cupboard, almirah, dressing unit, sitting arrangements, reading table, and round table are some of the popular wooden furniture items.
3. Wooden Interior
The wooden interior is decorating the interior part of a room with wood and wood supplementary products. Wooden flooring, walls, ceilings, and other interior separations made of wood are very popular. In this segment, your woodworking unit can support both domestic and corporate customers.
4. Wooden Pencil Manufacturing
The demand for wooden pencils or lead pencils is there around the year, especially among students and creative people like painters and artists. One can start a wooden pencil manufacturing unit with a low startup investment and can make a profit.
5. Wooden Utility Product Making
You can initiate a small-scale unit of wooden utility product making. Some of the most popular wooden utility products are spoons, cutting boards, mugs, trays, bowls, chopsticks, cabinets, etc.
6. Wooden Decor Item Making
Wooden decor item has enormous revenue potential. Additionally, you can establish a small-scale wooden decor item manufacturing unit with small startup capital. Some of the most popular wooden decor items are wall hanging, photo frames, toys, sculptures, pens, plant pots, jewellery boxes, and the list goes on.
7. Wooden Jewellery Making
Nowadays, wooden contemporary jewellery is one of the most popular fashion accessories. Wooden jewellery making by using technically upgraded machinery is one of the good revenue-generating ventures considering the low startup capital required. Selecting the right wood, crafting design and shaping, finishing and fittings are the major steps involved in the wooden jewelry-making business.
8. Start a Woodworking Workshop Unit
If you have experience and a creative mind to create different types of wood items, opening a woodworking workshop manufacturing unit can fetch you good returns. You can sell items to direct customers as well as retailers.
9. Wooden Crates
Industry sectors like food and beverages, alcohol, and chemicals use wooden crates widely for delivery needs. There is a good demand for wooden creations around the year. One can start a wooden crate manufacturing company with low investment.
10. Wooden Utensils and Kitchenware
Consider crafting wooden utensils, cutting boards, and kitchenware. It is advisable to emphasize the natural beauty and durability of wood, appealing to customers who appreciate functional and aesthetically pleasing items for their kitchens.
11. Portable Sawmill Services
You can offer on-site milling services for individuals with their trees. This sustainable option allows customers to transform their timber into custom wood products.
12. Create an Online Shop and Sell Wood Items
A lot of people nowadays buy wooden products online and the trend is expected to grow. You can create an online store and sell your wood products as well as items manufactured by fellow manufacturers.
How to Start a Woodworking Business
Here are the basic steps to starting a wood-related business:
a) Get Proper Licenses
In starting a woodworking business you will need to register your firm first.
For a small-scale setup, you can register as a sole proprietorship company. Apart from this, you will need to obtain a Trade License and GST Registration.
For a medium-scale or large-scale woodworking unit, you must apply for NOC from the Pollution Control Board.
b) Choose the Type of Wood Items
Product planning according to the quality specification is the first stage of the manufacturing process. Determining the manufacturing method, and schedule, and calculating the cost of the product is the main aspect of this step.
c) Buy Proper Wood Making Machines and Tools
Selecting and obtaining the right tools and machinery is the next step. You also need to procure raw materials such as wood and other consumable accessories. For a small-scale woodworking setup, small tools are enough to serve the manufacturing purpose. But for a full-scale commercial factory setup or an import-oriented unit setup, procuring and installing technically upgraded machinery is important.
d) Product Development
When all the preparations are complete, commercial production begins. Even at this stage, you can perform modifications and improvements in the manufacturing line.
e) Inspection and Shipment of Finished Wood Products
Manually, it needs close inspection to make sure there are no defects or flaws. Only those goods that pass the inspection are delivered to the customer. Additionally, you must pack the items carefully to prevent contamination or damage.
Setting up a small woodworking business needs to require a big investment. According to the desired product, selecting the right machinery and equipment is the major factor in the woodworking business.