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Project report for Crowbar Manufacturing

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  • Crowbar Production
  • Crowbar Making Business
  • Metal Tool Manufacturing
  • Steel Bar Manufacturing
  • क्रॉबार निर्माण
  • लोहे के औजार निर्माण
Want to start a project report for crowbar manufacturing business in India? This is a promising venture. With the construction, mining and other infrastructure industries in India expanding at a high rate, the demand for durable hand tools like crowbars is increasing among the construction and mining industries. The hand tools industry report India reveals that the hand tools industry is growing steadily at a CAGR of around 6 percent due to construction and maintenance activities in urban and rural areas.
Crowbars are used in demolition, building construction, workshops, and agriculture. This makes the production of crowbars a high-demand and less seasonal company.

Market Potentials of Crowbar Manufacturing Business

  • Growing Construction and Industrial Demand: The demand for hand tools continues to grow due to urbanization and infrastructure development in India. Crowbars have essential uses in construction, mining, and logistics.
  • Export Opportunities: Indian products are available at affordable prices in the world, and export demand is growing in Africa and the Middle East.
  • Steady Domestic Consumption: Hardware stores, workshops, and homes require crowbars, so the local demand is steady.
  • Profitability: Since the material cost of a crowbar is around 100-120 and the selling price is around 400-600, the profit margin can be as high as 25-35%.

Benefits of Starting a Crowbar Manufacturing Business

  • Low start-up cost: Small units require 30-50 lakhs and machinery, land, and building (10,000-20,000 units/month).
  • Simple process: The crowbar production process involves forging, heat treatment, grinding, coating, and packing. Labor cost is not that high (around 15-20 percent of the total production cost).
  • Good Demand: Crowbars are in high demand as they are used in many industries, which will ensure continuous orders and steady income.
  • Government Assistance: MSME programs like PMEGP and Mudra loans have the potential to reduce the initial investment requirements.

Technical & Financial Overview

  • Raw Material: Mild Steel or IS 2062 grade steel, approximately 1.5-2 kg/crowbar; Steel price approximately 50000-55000/ton.
  • Capacity: 20,000 units/month 36 tons of steel will be used.
  • Equipment Required: Forging press, heat treatment furnace, grinders, coating/polishing machines.
  • Utilities and Labor: Electricity, fuel, skilled and unskilled labor account for 25-30 percent of the total cost.
  • Revenue Expected: 20,000 units priced at Rs 400 will generate a revenue of Rs 80 lakhs per month; Raw material + operating expenses will be around Rs 50-55 lakhs, total profit will be around Rs 25-30 lakhs.
  • Technical Requirement: Hardness 200-250 HB, Tensile strength probably 500 Mpa, proper heat treatment is required so that the product is stable and strong in bending.

How Finline Can Help

It is important to prepare a bank approved project report for crowbar manufacturing to get financing. Finline prepares detailed reports like:
  • Flow chart of the production process of crowbars.
  • Cost analysis of a crowbar.
  • Technical specifications of crowbar steel.
  • Crowbar equipment India market size.
  • Revenue and profitability forecasts.
With Finline you can generate a full report in 10 minutes, and it is approved by all banks. Check affordable project report pricing and get started with your loan process today! With Finline, setting up your business becomes a faster and smoother journey. Create your bank-ready project report now!
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Frequently asked questions

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