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Top 10 Profitable Business Ideas For Mechanical Engineering UK

6 Mins read

1. Small Machine Shop

Small Machine Shop

Starting a small machine shop is a best business after studies, this means a company that manufactures and builds things in the field of mechanical engineering. The company may focus on a specific type of work  which is related to mechanics or have the capability to do many types of work. Starting a small machine shop is a good idea for engineers who have an interest in design and mechanics, who are don’t want to work at a large company or are looking for job satisfaction. Starting your own shop is not easy first but it could be worth it if you are looking for job satisfaction.

2. Solar Panel Installation

Solar Panel Installation

Solar panels installation is the process of converting the sunlight into usable energy. These are the new rave by nature lovers and environmentalists. These are the most cost-effective way of getting solar energy power for industrial as well as household purposes. Installation of the solar panels has been deemed as a expensive business as it gives huge profits with minimal investment and manpower. Electricity can be generated from solar energy power using solar panels. Solar energy is the basic need of the hour with the world’s increasing common need for energy and the non-sustainability of fossil fuels to fulfil this need. solar panels can transform sunlight into electrical energy and it used for many factories and households, which is renewable, sustainable and non-depleting.

Solar Panel Installation is one of the best electrical engineering startup ideas or electrical engineering business ideas. This makes manufacture and installation of solar panels at homes and workplaces a great engineering business idea for people, so that the people can easily produce their own, clean electrical energy without having to pay for any other sources and to the surmounting electricity bill each month and reducing the dependency on the depleting fossil fuels. However, this would always bring down pollution and will further reduce cost overall.

3. Engineering Consultancy

Engineering Consultancy

If you are having a experience in engineering and set up an engineering consultancy firm is the best idea after degree. This is one of the lowest capital intensive engineering businesses and you can join with other engineers and employ them to grow your business and gain quality clients by providing value to them with quality and experience in the technical field. Engineering consulting firms may need some engineers from multiple disciplines including Civil, Structural, Mechanical, Electrical, Environmental, Chemical, Industrial, Agricultural, and others sectors. This method may be necessary to cover a wide variety of potential projects at one time that could be presented to the firm.

4. Mobile Mechanic Business

Mobile Mechanic Business

Mobile mechanic services business are a great business to start in any area that needs quick repairs system and service. You can do this also a part time or full time job. You can work for a shop or run your own business in your own risk. This business makes it possible for you to work independently setting your own hours and choosing what areas you want to go to. Automotive Repair & Maintenance Service Market is estimated to reach gaining the amount of $810B by 2026. Starting your own mobile mechanic service immediately, this may seem crazy but it might just be the thing you are looking for your business. If you dream about running your own  startup business and having the opportunity to do something you love then a mobile mechanic business is the right thing to do.

5. Nuts Bolts Manufacturer

Nuts Bolts Manufacturer

Nuts and Bolts Manufacturing Business is a huge sector in the worlds manufacturing economy. The importance of nuts and bolts manufacturing business can not be overstated as every machine tool, appliance, and vehicle, that will interact with within our everyday lives and uses these tiny parts on a daily basis and needs. Nuts and bolts are small metal pieces but it is a life savior 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 in business. The use of nuts and bolts is not limited to construction and other business. The automotive industry targets on them for the production of cars, trucks, and other vehicles. The military related business also uses them for equipment such as tanks and other armored vehicles. Starting a nuts and bolts company is a best idea to do as a mechanical engineer.

6. Motorcycle Parts Business

Motorcycle Parts Business

Starting your own motorcycle parts business is a great way to earn money after Studies, you can meet interesting people, and see the world. If you have a more interest in motorcycles and a having a wish to run your own business, then starting a motorcycle parts business is an excellent career option for you. A motorcycle parts business can be a expensive business. This is because there are many parts in motorcycle and accessories that you can sell to your customers. You can start a motorcycle parts business with just a small investment method, but it is important that you need to understand is how much money you are willing to invest for this business upfront before starting up your own business.

7. Mining Equipment Manufacturer

Mining Equipment Manufacturer

There are only a few companies that work in the field of mining equipment manufacturing because of the high complexity and need high cost of investment. The engineering laws are also involved in the same. Mining equipment such as mining drills and tools, earthmovers, crushing equipment and machines, feeding & conveying equipment, and others. The adoption of various technologies such as automation and IoT is reducing labour cost and operational time because it associated with mining activities, so this in turn is expected to increase the demand for innovative mining equipment. In addition of growing consumption of natural resources, such as coal, diamond, and uranium, and increasing need for mineral fertilizers to improve agricultural yield supplements are major factors expected to increase the demand for the global mining equipment market in UK. With the right expertise, innovations, and capital, support one can make world-class equipment and bring value to large-scale corporation clients that operate in this mechanical engineering field.

8. Mechanical Keyboard Business

Mechanical Keyboard Business

A mechanical Keyboard is one type of keyboard used for business which was mostly used by mechanical process that uses a mechanical switch for every key. Mechanical keyboards are designed for business to last longer in keyboards than typical keyboards technology and to be more comfortable for typing on fingers. Mechanical Keyboards are also less prone to errors then the keys on mechanical keyboards require less force to operate them.

Starting a mechanical keyboard business is easier than you think because it cost low investment with high profit. The barrier to entry is incredibly low and easy because of low investment, especially if you’re considering this as a part-time side business. Nowadays, mechanical keyboards are from all the rage from the affordable rates, no-frills offerings to top-of-the-line custom keyboards. It is a very exciting time for starting mechanical keyboard business in United Kingdom.

9. Auto Repair Business

Auto Repair Business

In United Kingdom, there are many people do auto repair business who just love to tinker with, fix and repair cars. This is an all-consuming hobby for some people in UK and business mans. They like to take things apart and figure out how things work and how to learn about this business. The process of fixing and repairing cars and other vehicles is almost same for mechanics. An auto repair business is a rewarding way to make extra money to your business and it also improves your growth, or to build an entire business around. You can do it in the comforts of your own home and working around your schedule and you also getting paid for this business. The United Kingdom automotive service market is expected to reach $75B by 2026 for doing auto repair business.

10. Machinery Distribution

Machinery Distribution

The manufacturing industry distribution and the machinery can be look at the construction, retail, transport and other industries also look for machines for the smooth operation. Mechanical engineers having good knowledge of machinery distribution and they also can start distribution and installation of machinery in their localities, this is a best business for mechanical engineers. Then it is advisable to study the target market before starting this business and also understand customers thoroughly before getting into it.

Final Thoughts

The above mentioned business are some just a few business ideas for engineering, there are many more already in the market and being incubated. Mechanical engineering field is a huge field and most of the engineers in this domain have the entrepreneurial spirit in them, so the business will get succeed easily with low cost of investment. As they have a great scope about these business, they should not always wait to be employed after studies by companies other than, they start their own, rather start off their own businesses and give employment to others.

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