50 Profitable Metal Related Business Ideas (Ultimate List)

Updated: July 24th, 2023

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: $1,500 — $200,000/month

How We Started A $200K/Month Mail Knife Sharpening Service

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.

Marc started Knife Aid over 4 years ago
Marc grew the business to $200K/month
Read by 14,504 founders

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 (?)

How I Validated My Business On Etsy And Launched My Own Handcrafted Artistry Shop

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.

Marc started DownHomeModern LLC about 3 years ago
Marc grew the business to $600/month
It cost Marc $5500 to start the business
Read by 2,323 founders

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.

How much you can make: $25,000/month

Shutting Down a VC-Backed Startup to Build an $11k/mo Business

Case study of a bootstrapped productivity tool, Rize, which generated over $11k in sales in one month with only a two-person team.

Macgill grew the business to $25K/month
Read by 624 founders

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 (?)

How I Turned My Love For Bikes Into A $12M/Year Electric Cargo Bike Business

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.

Ben started Yuba Cargo Bikes over 17 years ago
Ben grew the business to $1M/month
It cost Ben $6000 to start the business
Read by 4,405 founders

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 (?)

How I Started A Small Online Retail Business Making $45K/Month

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.

Carl started Suffolk Latch Company over 17 years ago
Carl grew the business to $70K/month
Read by 7,181 founders

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: 3000 days (?)

How I Started A $12K/Month Aftermarket Vehicle Accessories

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.

Mitchel started Adrenaline Offroad over 6 years ago
Mitchel grew the business to $45K/month
Read by 18,167 founders

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 (?)

How I Validated My Business On Etsy And Launched My Own Handcrafted Artistry Shop

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.

Marc started DownHomeModern LLC about 3 years ago
Marc grew the business to $600/month
It cost Marc $5500 to start the business
Read by 2,323 founders

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.

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: $800,000/month

From Small Print-House To A $800K/Month Sign-Making Company

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.

Gevorg started Front Signs over 7 years ago
Gevorg grew the business to $800K/month
It cost Gevorg $2000000 to start the business
Read by 12,687 founders

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/month

How much does it cost to start: $5,000 (?)

How long does it take to build: 30 days (?)

How We Developed A Portable Wi-Fi Product And Are Now Generating $30K/Month Revenue

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.

Ashley started Fli-Fi over 7 years ago
Ashley grew the business to $30K/month
It cost Ashley $5000 to start the business
Read by 1,075 founders

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

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

48. Start a jacks production business

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 (?)

meet the author
Pat Walls

I'm Pat Walls and I created Starter Story - a website dedicated to helping people start businesses. We interview entrepreneurs from around the world about how they started and grew their businesses.