Carpet is a textile floor covering. So, it is both functional and decorative. It provides a beautiful look and as well as warmth too. Generally, it comes in made of wool, cotton or synthetic yarn. Basically, the beautiful pattern of it makes the carpet so lucrative and beautiful.
Carpet making process is simple. And one can start this business with small startup capital investment. And also, you can start a small carpet production unit as home too. However, you will need to have sufficient space for the operation. Also, from the same unit, you can produce quilt, rugs etc. So, you can also expand the product line easily.
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Starting Carpet Making Business
Start With the Business Plan
Crafting a business plan is absolutely necessary for this business. First of all, you need to identify the demand for the specific type of carpets in the market. And decide the product. And after that only, you can decide the cost, machinery and production process.
Additionally, check the price on the market for that type of carpets. And finally, decide carefully what type of carpet you will be going to produce. In addition to that, you must include the financial cost analysis and a marketing strategy for your product.
Licenses & Permission
Generally, carpet making business doesn’t demand any specific type of licenses. However, you need the business registration. Additionally, it is advisable to check the norms of the local authority. It is better to know earlier what it takes to start the business. If you want to capture the international market, then you definitely need a specific export-import license.
Carpet Making Machine
Currently, there are software operated carpet making machines are available in the market. And with these machines, you can produce different types of decorative carpets according to your design. Generally, you can produce 17 to 20 meter wide carpets with these machines.
The machine is the eight tone line computer jacquard carpet round machine. Actually, these are computer jacquard machines with multiple functions, do the whole secant, full terry, circle cutting, high low loop pile style. Also, you can use this machine to produce eight color carpet, the carpet surface color more diverse, with the automatic shear line, reduce the bottom line buried yarn, the blanket surface wool density thickening, carpet surface grams of weight, so as to reduce the production cost.
Raw Materials
The main raw materials are woolen cotton and synthetic yarn and dyes and chemicals. Also, you can use synthetic fibers or jute. Generally, the specific requirement of raw materials depends on the specific type of carpet you want to produce. Additionally, you will need to procure the packaging consumables too.
Carpet Market Potential
The future of the global carpet and rug market looks good with opportunities in the residential, non-residential, and transportation segments. According to the industry experts, the industry will grow at a CAGR of 2.6% by value from 2018 to 2021. The major drivers of growth for this market largely revolves around construction and transportation industry and an increase in renovation activities. Nowadays, the consumers are moving towards bold attractive colors. Additionally, the non-geometrical designer patterns of carpet and rugs are getting rapid popularity. Furthermore, the demand for eco-friendly carpet is also increasing. According to the end user, there are several segments who are dominant in the carpet industry.
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Conclusion
The scope of the project report by NPCS includes assessing market potential, negotiating with collaborators, investment decision making, corporate diversification planning etc. in a very planned manner by formulating detailed manufacturing techniques and forecasting financial aspects by estimating the cost of raw material, formulating the cash flow statement, projecting the balance sheet etc.
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