Woodworking and wood carvings are the early age industry in India and one of the fastest-growing industries in the Indian economy.
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.
How to Start Woodworking Business?
Here are the basic steps to start a wood-related business:
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 One Person 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 Pollution Control Board.
- Product Planning
Product planning according to the quality specification is the first stage of the manufacturing process. Determining the manufacturing method, schedule, and calculating the cost of the product is the main aspect of this step.
Selecting and obtaining the right tool and machinery is the next step. You also need to procure raw material 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 for an import oriented unit setup, procuring and installing technically upgraded machinery is important.
- 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.
- Inspection & Shipment
Manually, it needs close inspection to make sure there are no defects or flaws. Only those goods that pass the inspection deliver to the customer. Additionally, you must pack the items carefully to prevent contamination or damage.
7 Woodworking Business Ideas
Here is the list of most profitable Wood-related 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.
Additionally, it does not warp or crack with changes in atmospheric moisture. Ply is an engineered wood product. It comes from three or more ‘plies’ or thin sheets of wood.
These are glued together to form a thicker, flat sheet. Plywood has the structural strength of the wood it is made from. Plywood manufacturing is a profitable venture for new entrepreneurs.
2. Wooden Furniture Making
Wooden furniture making 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, 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. Basically, wooden flooring, wall, ceiling, and other interior separation made of wood are very popular. In this segment, your woodworking unit can support both domestic and corporate customers.
4. Wooden Pencil Manufacturing
Wooden pencil or lead pencil is an essential item for students and artists. Generally, HB and 2B pencils have popularity in the Indian market. Even in the recent era of computers, printers, tablets, cell phones, and a whole host of other writing and drawing instruments, the pencil industry is growing.
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 the spoon, cutting board, mug, tray, bowls, chopsticks, cabinet, 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 can with small startup capital. Some of the most popular wooden decor items are the wall hanging, photo frame, toys, sculpture, pen, plant pot, jewellery box, and the list will go 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 venture considering the low startup capital required.
Selecting the right wood, crafting design and shaping, finishing and fittings are the major steps involve in wooden jewellery making business.
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.