10 Automotive Business Ideas

The world automotive industry has a strong prominence in the country's overall economy. Today, the world automotive sector is a $74 billion industry and by 2026, the industry expected to achieve a $300 billion turnover. Small-scale automotive business in the world is considered as a small business opportunity for rural, suburban and metro cities. The two main reasons that created automotive business opportunities for small entrepreneurs are increasing vehicle population and increasing spending capacity. We have compiled 10 selected automotive business ideas in the manufacturing and retail industries here in this article. Check this out.

List of 10 Profitable Business Ideas

1. Auto Accessories Store

Auto Accessories store in one of the retail segment's most profitable automotive business ideas. Usually owners visit an auto accessories store after every purchase of a vehicle regardless of two-wheeler or four-wheeler. Depending on the local market demand, you must keep the right product range for your customers.

2. Automobile Workshop

Automobile Workshop is, according to the gross margin, a very profitable automobile business. There are also huge opportunities. You can start with some specific services or a full setup. It is advisable to start with a franchise for new entrepreneurs.

Also Read: 5 Online Business Ideas for Car Industry

3. Battery Dealer

The battery is an essential item for each vehicle. And after a certain period of time, it needs regular check-up and replacement. You can start this business with a dealership of a reputable battery manufacturing companies.

4. Motorbike Dealership

Motorbike dealership is a highly lucrative and self-rewarding business for any enthusiastic individual. Although the dealer commission is not very lucrative for the small dealer, the entire project is very profitable. You will earn major profits from vehicle service, replacement of spare parts and selling accessories.

5. Spare Parts Shop

Spare parts industry has enormous potential in the world. You must have the previous experience to start your own business. You can also start the automotive spare parts retail business as an authorized spare parts dealer from a renowned vehicle manufacturing company.

Also Read: 15 Highly Profitable Ideas for Automotive Business

6. Used Car Selling

Did you know the First Choice brand? This is a very popular used car selling the world brand. You can start this business on your own or by having a popular brand franchise. You must have proper knowledge of evaluation. You can make the maximum profit in this business by buying old vehicles, not by selling them.

7. Washing Zone

This is one of the most profitable and lucrative automotive business for any individual. In addition to retail space, you will need to invest in washing machines, lifting bays, pneumatic tools, water resources, and manpower. Different types of washing tools and equipment are now available on the market. You can start a small-scale base focusing only on two-wheelers or four-wheelers. Otherwise, you can start a full-scale washing area.

8. Automotive gaskets

The function of a gasket is to seal the two sides of the components to avoid leakage of fluid and air in the automotive system. It is also an essential item for other pneumatic and hydraulic systems. Manufacturing requires major raw materials for the production of various thicknesses of Automobile gaskets Gasket Sheets.

Also Read: 25 Computer Based Home Business Ideas You Can Start Without Investment

9. Brake Linings

Brake Linings are commonly referred to as brake shoes. This is an essential item in light and heavy commercial vehicles, passenger cars, scooters as stopping friction materials, vehicle speed reduction. These components are a very important part of the overall braking system for these vehicles. Basically, the main raw materials such as cast iron components, asbestos, chemicals, resins, paste adhesive, and screws must be procured.

10. Clutch Plates

Clutch plate is the main component of the vehicle's clutch mechanism. Use is increased due to the frequent replacement of worn out clutches. Basically, these are the essential components of the transmission system. The clutch plate replacement market is projected to see substantial gains. The process of manufacturing is simple.

As with any business, starting an automotive business requires a lot of work, but to be successful entrepreneurs you need to add even more qualities to your attitude. With just no end, you will have to prepare for long hours, great sacrifices, new problems, and challenges every day. Check if the industry is really passionate about it.