India has the second largest brick industry in the world following China. Over the years, the brick industry has massively outgrown and thus, become a feasible option for aspiring entrepreneurs. Unlike other industries, the brick manufacturing industry is promising but it is comparatively unorganized and more competitive. In spite of that, the brick and block industry continues to grow, and will certainly multiply in the coming future.
Growth Prospects In The Indian Brick And Block Industry
Since the investment in cement bricks business in India is low, thus many people aspire to start a brick manufacturing business. Further, the sector is less affected by market fluctuations and is the most required material to physically establish an edifice.
According to Report linkers research report named India Bricks and Blocks Market to 2021 Focus on AAC Block Segment states, India is the second largest brick manufacturer in the world after China. Indian brick industry is almost entirely unorganized and characterized by the presence of a large number of small-scale manufacturers which compete with one another at the regional level. Bricks industry in India has recorded considerable growth over the past few years, driven by the growth in infrastructure and construction activities. Moreover, India's rising population, increase in per capita income, improved economic growth, industrialization and rapid urbanization has augmented the growth prospects of blocks and bricks industry. India's blocks and bricks market grew at a CAGR of ~% during FY'2011-FY'2016 from INR ~ billion in FY'2011to INR ~ billion in FY'2016.
Following growth levels of the industry, the next step involves knowing how to start a brick making business.
How to Start a Brick Making Business
The brick making business alike other manufacturing business undergoes various processes to get its products manufactured. To get the business off the ground, learn the effective ways to establish it without losing direction.
A business plan is an utmost need while establishing a company. Keeping this mind, one needs to prepare a comprehensive business plan which is inclusive of marketing strategy, modus operandi, employment plan and monetary plan. All these strategies are important to cover in the business plan so as to clarify the companys objectives.
Presently, the brick manufacturing industry massively employs machines to manufacture cement bricks. In India, the brick manufacturing companies mainly use two types of products that are:
Selecting an appropriate location for the business is the most important part of the process. While assessing the location, look for the size and amount of the open space needed for the business. The brick manufacturing requires an enormous space to store the raw material as well as persevere the internal temperature to get arisen by the heat of the furnace. Thus, choose a large, secluded place to establish the cement brick manufacturing business.
Consider these aspects while commencing the endeavour in the brick industry.