Top Construction Business Ideas 2020
Do you want to start a business in the construction industry? If your answer is yes, then find here the top and the most profitable construction business ideas and opportunities you can consider to start your new venture in the construction industry.
If you are a civil engineer, a structural engineer, or a professional in any related field and are looking for a business to start, then one of your options is to start a construction company; it is a thriving and profitable business especially if you know how to position your business.
Globally, the construction industry is very lucrative. Additionally, it offers different types of business opportunities for entrepreneurs.
Definitely, most of the startup opportunity demands initial capital investment. However, there are some opportunities that you can consider with low-cost.
Starting a Construction Company – An Industry Overview
The Indian construction industry is fragmented and plays an important role in the overall economy. It accounts for about 9% of India as GDP.
There are mainly three segments in the construction industry. The real estate construction includes residential and commercial construction; infrastructure building which includes roads, railways, power, etc; and industrial construction that consists of oil and gas refineries, pipelines, textiles, etc.
GlobalData’s ‘Construction in India – Key Trends and Opportunities to 2023’ report reveals that India’s construction industry is expected to grow at a compounded annual average of 6.44% to US$690.9 billion in 2023. This is further to registered output growth of 8.8% in 2017, up from 1.9%.
The government’s ‘Housing for All’ initiative aims to build 20 million affordable homes for the urban poor by 2022. The government’s ‘Housing for All’ initiative aims to build 20 million affordable homes for the urban poor by 2022.
This will provide a significant boost to residential construction (the market’s largest category), which will account for a third of the industry’s total value by 2023.
Also, According to a study by Global construction perspective and Oxford Economics, India will become the world’s 3rd largest construction market by 2025, adding 11.5 million homes a year to become a $1 trillion a year market. This is very inspiring for the entrepreneurs who are going to initiate a new venture in the construction industry in India.
Considering the above stats, this is the best time to start your own construction business in 2020. The following are the top 75 best construction business ideas to start a new construction business.
1. Cement Manufacturing Plant
Cement manufacturing businesses is yet another construction-related business that an entrepreneur should consider starting. Starting a cement production plant might be capital intensive, but one thing is certain, you aren’t going to struggle to sell your cement -especially if you are selling at a competitive price. If you have a solid capital base, then you should consider opening your own cement manufacturing plant.
2. Cement Block Manufacturing
Broadly, there are two different types of cement blocks you can make and sale. One is a solid block and another is a hollow block. Generally, cement blocks are the most important items in the construction industry. They are used on walls, floors, pavements, etc.
3. Open a Cement Retailing Business
An extra thriving and profitable business venture in the construction industry that an entrepreneur with little or no technical skills can consider starting is to open a cement retailing business. If you are considering starting this type of business, then your best options are to choose a location that is suitable for such a business.
4. Ceramic Tile Retailing & Installation
This is another great retail business you can start in the construction industry. Basically, ceramic tiles are the most important items in any type of flooring and countertops. With ceramic tiles, you can sale other allied products also.
5. Manufacturing of Blocks and Bricks
If you are looking towards starting a cottage business in the construction industry, a business that requires low start-up capital and little or no technology, then you should consider starting a block and brick manufacturing company. One of the best construction business ideas as long as the construction industry is thriving, blocks and bricks manufacturing industry will also thrive.
6. Fly Ash Bricks Manufacturing
Fly Ash s the inorganic mineral residue obtained after burning of coal/lignite in the boilers. The demand for dwelling units will grow to 90 million by 2020, which would require a minimum investment of $890billion. So many technically upgraded automatic fly ash bricks manufacturing machines are available in the domestic and international markets.
7. Offer Bricklayer Services
Another means of making money from the construction industry that an aspiring entrepreneur should deliberate on is to offer bricklayer services. If you intend to offer bricklayer services, you would need to undergo training. As a bricklayer, it is your responsibility to market your services to players in the construction industry and as much as lies within your power, ensure that go to construction sites to market your business.
8. Real Estate Broker
Real Estate Broker or Agent is among one of the highly profitable construction business ideas. In this business you need to connect the buyer with a seller for buying, selling and renting a property. You can earn very good commission income from this business.
9. Project Management Consultant
A project manager is a person that works with construction companies, individuals or the government. The task of the project manager is to monitor the construction project and ensure quality, timely completion and cost-effectiveness of the project.
10. Electrical and Light Fitting
The next construction-related business is electrical and light fitting. In this business, you need to sell electrical and light fitting. You can even take a turnkey contract for the installation of electrical accessories in the new building. The profit margin in this business is moderate.
11. Security items supply and Installation
Physical security in construction is becoming a prime requirement. The business associated with physical security is supplying and installing physical security items such as CCTV cameras, Turnstile, biometric, access control systems, etc. It is a highly profitable business. However, it requires technical expertise.
12. Plumbing Sales Services
The next construction based business is plumbing sales services. In this business, you need to supply plumbing items. This includes pipes, tap, sanitary ware, ceramic tiles, etc. This is also one of the most profitable construction business ideas. Also, the capital requirement for this business is very high.
13. Landscaping Services
Landscaping service is a very good construction based business idea. In this business, you need to take various contracts for the development and maintenance of the garden and landscape. It is a highly lucrative business option.
14. Water Proofing Services
Waterproofing services usually remain in demand. If you are from the construction field with very good knowledge of waterproofing, you can start this business. This business can be started with low investment.
15.House Repair Services
Old construction demands maintenance and repair. If you have knowledge about the construction line you can start a house repair service business. House repair business is a low investment business. However, you require semi skill or unskilled Labour to start this business.
16. Supply of Gravels and Sharp Sands
The supply of gravels and sharp sands is yet another highly thriving and profitable construction related business that an aspiring entrepreneur who is looking at starting a business in the construction industry should consider opening. As a matter of fact, there is hardly any construction work that could be done without gravels and sharp sands. This goes to show that there is indeed a pretty large market for gravels and sharp sands.
17. Start a Property Development/Real Estate Company
Starting a property development company is yet another thriving and profitable construction-related business. One of the best construction business ideas. The property development industry is categorized into the construction industry and it is indeed a very large industry that has the potential to make entrepreneurs millionaire within a short period of time.
18. Start Pre – Construction and Post – Construction Cleaning Business
Another thriving and indeed profitable business venture that an entrepreneur who is interested in starting a business in the construction industry should consider starting is a pre-construction and post-construction cleaning business.
19. Manufacturing of Marbles and Tiles
If you are tinkering with starting a business in the construction industry, then you should look towards going into the manufacturing of marbles and tiles. In recent times, there is hardly any house that is built where tiles or marbles are not used for flooring. This goes to show that there is a huge market for marbles and tiles.
20. Start Fixing Tiles, Marbles and Interlocking Slabs (Paving Stones) et al
Another means of earning money in the construction industry is to start fixing tiles, marbles, and interlocking slabs / paving stones. It is a cool way of making money but you would need to undergo training before you can start and render this type of service.
21. Start Fixing POP
Fixing of POP is yet another means of earning money from the construction business. POPs are fixed in buildings to beautify buildings. So, if you are interested in starting a business in the construction industry, then you should consider learning how to fix POP.
22. Start Electrical Wiring Business (Building Wiring Business)
A building is not complete without proper electrical wiring of the building. If you are an electrician or you have studied electrical engineering and are looking towards starting a business in the construction industry, then one of your options is to start an electrical wiring business. It is a profitable and thriving business to go into especially if you are good with what you do and you know how to network and market your services in the construction industry.
23. Go into the Production of Doors and Gates
Manufacturing of doors and gates is yet an addendum construction-related business idea. Of course, no building is complete without doors; doors are essential components of a building. If you are looking towards starting your own manufacturing company and you have not made up your mind on the product to produce, then you should consider going into doors manufacturing.
24. Construction Equipment Sales
Another good business which an entrepreneur who is looking at commencing a business in the construction industry should consider starting is to go into the sales of construction equipment. Equipment, such as concrete mixers, shovels, pans, and ladders et al are some of the equipment you will find in an ideal construction shop. You don’t need any technical skills before you can launch this type of business. All you need is a shop and capital to stock your shop with construction equipment.
25. Offer Land Survey Services
Land survey services are yet another professional and profitable business that an entrepreneur who is interested in starting a business in the construction industry should consider starting. There is no disputing the fact that construction works are expected to commence without proper surveying the land; hence there is a large market for land survey services.
26. Offer Lawn Care Services
Another easy to start construction related business that an entrepreneur who is interested in starting a business should consider starting is lawn care services. Lawn care business is not one of those businesses that someone can start and make big money from without truly working hard and smart.
27. Start an Interior Decoration Business
An interior decoration business is a typical home improvement and construction related business that an entrepreneur who is serious about making money should consider starting. Interior decoration is one of the best construction business ideas and is all about giving our homes, offices and building facelifts; interior decors are involved activities ranging from color selections for apartments, lighting selections, blind selections amongst some other things that are needed to bring out the beauty in a house or building.
28. Start a Plumbing Business
Another thriving and profitable construction related business that an entrepreneur who is interested in starting a business should consider starting is a plumbing business. As a matter of fact, a building is not complete with a thorough plumbing job. In recent times, it appears that plumbers are scared to come by; the plumbers that are available in most communities are not enough to service the entire community.
29. Go into Home Painting Business
The home painting business is yet another highly lucrative and profitable construction related business that an entrepreneur who is interested in making money should consider starting. Painting of a building is some of the finishing touches that are carried out after construction jobs have been completed.
30. Fixing of Wall Papers
One of the coolest ways of making money from the construction-related business is to go into the fixing of wallpapers. Wallpapers are now produced in 3D format and they usually change the outlook of an apartment once they are used. So, if you are looking for a profitable, thriving, simple, and cost-effective business to launch in the construction line of business, then one of your options is to start fixing wallpapers.
31. Furniture Polishing Services
Furniture polishing services are yet another thriving and profitable construction related business venture that an entrepreneur who is interested in making money should consider starting. There are loads of people who are willing to pay for these services.
Furniture such as cupboard, wardrobe, cabins, shelves, tables, and any wooden products can come alive and shinning if properly polished. So if you are looking for a simple but yet profitable construction related business to start, then one of your options is to go into furniture polishing business.
32. Floor Cleaning and Stain Removal Services
Floor (tiles, marbles, terrazzo, and wooden floors et al) cleaning and stain removal services is yet another thriving and profitable construction related business that an entrepreneur who is interested in making money from the construction industry should consider starting.
This type of business is a niche in the cleaning industry and it is a business that requires professionalism on like general cleaning services. It is important to state that in order to successfully launch this type of business, it will be to your advantage to undergo training, and you can learn the trade from someone who is already successful with this type of business.
33. Water Closet and Ceramic Wares Production
Washing hand basins and water closets are essentials in building facilities. A building is not complete if there are no toilets hence the high demand for WCs and other ceramic wares.
So if you are considering starting a manufacturing company, a construction-related business, then you should look towards starting a water closet and ceramic wares production factory. It is indeed a thriving and highly profitable business because there is a pretty high demand for water closets and ceramic wares et al.
34. Construction Safety Equipments Manufacturing
Start a manufacturing unit for Safety Helmets, C – Caution, Safety Boots and Other Safety Gadgets Production. Another construction related business that an entrepreneur who is interested in starting a business should consider starting is to go into the manufacturing of safety gadgets. It is the practice for safety measures to be enforced in construction sites, which is why it is easier to find construction workers putting on safety helmets, safety boots, and other safety gadgets.
35. Aluminum Products Manufacturing
There are several products that can be made from aluminum, products such as windows, doors, roofs, pans; et al. can be produced with aluminum. If you are looking for a construction-related business to start, you can consider going into aluminum products manufacturing. It is a highly thriving and profitable business.
36. Architectural Services
The services of architects are need in the construction industry. So, if you are an architect and looking towards becoming your own boss, it is normal for you to offer architectural services. The best and most profitable construction business ideas just like services in the construction industry, in other, to earn good money from this type of business, you must ensure that you network with stakeholders in the construction industry and also visit construction sites to market your services. The truth is that, if you are thorough in your job delivery, then you will get referrals from your clients.
37. Construction Equipment Rental Business
Construction equipment rental business is yet another thriving and profitable business venture in the construction industry that an entrepreneur who is interested in starting a business should consider starting. Construction equipment such as tractors, cranes, concrete mixers and gathers et al are need in construction sites hence there is a market for whoever decided to start a construction equipment rental business.
38. Manufacturing and Fixing of Jacuzzis
If you are interested in starting a luxurious construction-related business, then one of your options is to go into the manufacturing and perhaps fixing and maintenance of Jacuzzis. As a matter of fact, people tend to display their wealth by installing Jacuzzis in their houses. This is so because the truth is that a poor man can’t afford Jacuzzi. It is indeed a profitable construction related business venture to start.
39. Start Swimming Pool Construction and Maintenance Business
Swimming pool construction and maintenance is yet another construction-related business. It is safe to classify swimming pool construction and maintenance business under the construction industry simply because of the nature of the job that is done during the construction of swimming pools.
40. Carpentry Services
During the process of constructing a building, there are different phases of the construction process that the services of a carpenter are would be needed. For example, it is the job of carpenters to prepare wooding mold used for casting concrete pillars, it is the job of a carpenter to install ceilings and roofing in buildings and also it is the job of a carpenter to build and install cabins, wardrobes and other woodworks in a facility.
41. Supply of Tars and Bitumen
Road construction and maintenance is a component in the construction industry; the construction industry is not only about constructing buildings and bridges et al. The major raw materials used in the construction of roads are tars and bitumen hence there is a large market for tars and bitumen.
42. Supply of Iron Rods
Iron rods are some of the building materials that are used for different purposes during the construction of any facility, and bridges et al. Iron rods are basically used for re-enforcement and for railings and burglary proofs et al hence there is a large market for rods in the construction industry.
43. Start a Construction Consulting Business
It is the practice in organized settings that before any construction contract is awarded and commissioned, the services of a construction consultant will be hired. Construction consultant gives construction-related advice to government, corporate organizations and even individuals who would need to be properly guided before venturing into any major construction job.
44. Construction of Cabins and Wardrobes
Another thriving and profitable construction related business that a trained carpenter can successfully launch is to go into the construction of cabins and wardrobes. As a matter of fact, a building (especially a residential facility) can be said to be complete without wardrobes and kitchen cabins et al hence there is a market for this type of service.
45. Roof Maintenance and Restoration Business
Roof maintenance and restoration business is yet another profitable and thriving construction related business that an aspiring entrepreneur can successfully start with little training. No doubt roofs are subjected to wear and tear due to the exposure to harsh climatic conditions which is why after a period of time you will find out that a roof is leaking when it rains.
46. Installation of Air Conditions and Electric Water Heater
Another profitable and thriving business in the construction value chain that an aspiring entrepreneur should successfully start is the installation of air conditions and electric water heaters in buildings. There is a huge market for this type of business especially if you know how to market your business offerings to the right clients. In order to market your services, it will pay you to visit construction sites to network with site supervisors and other stakeholders on the field. They are likely going to give you the business leverage that you need.
47. Manufacturing of Ceilings
Although in recent times people make use of POP, that does not in any way stop the sale of other ceiling materials. Wooding ceilings, asbestos ceiling, and other ceiling materials are still being used in the construction industry.
So, if you are looking for a profitable business to start in the construction industry, then one of your options is to go into the manufacturing of various ceiling materials. There is indeed a market for this building materials -but you must work hard to push your products into the market.
48. Publish Construction cum Real Estate Magazine
There are several businesses that an entrepreneur can launch in the value chain of the construction industry and one of them is to start publishing construction cum real estate magazines. This is also one of the lucrative and best construction business ideas as information is key in any industry and all you need to do to be able to gain ground with this type of business is to ensure that you have relevant content in your magazine per time. One of the best construction business ideas.
Part of the information that you should make available in your construction cum real estate magazine is the prices of building materials, the trends in the construction industry, and advisory services to investors who are looking towards investing in the construction industry. For example, someone wants to build a house and want to quickly check up the current price of bags of cement can quickly get the information from your magazine.
49. Gypsum Plaster Board Manufacturing
Gypsum Plaster Boards are used in False Ceilings, Light partition walls, etc for better appearance & thermal insulation properties. With the rapid increase in Real Estate business and Housing activities, the demand for Gypsum Boards has increased. It is still popular as a low-cost substitute for plywood, hardboard, and wooden panel Boards, all of which cause depletion of forest resources. Gypsum plasterboard manufacturing is a profitable investment opportunity for new entrepreneurs.
50. Marble Cutting Polishing & Fitting
Marble cutting polishing and fitting unit are profitable business opportunities for small and medium scale manufacturing operations. However, you must establish the unit in a location where the raw material is easily available.
51. Non-Glazed Ceramic Tiles
The Indian ceramic tiles industry is on the threshold of an exciting world of colors and variety. The major uses are the decorative treatment of walls, both those normally tiled for utilitarian reasons and others, window sills, fireplace surrounds. The other uses are in the external facing of the building, halls, and lobbies of public buildings, schools, offices, underground stations. In addition, you can initiate non-glazed ceramic tiles manufacturing business as a small, medium, and large-scale basis.
52. PVC Pipe Manufacturing
Nowadays PVC Pipes are fast replacing the conventional metal pipes in many applications. The lightweight, low cost, easy installation, noncorrosive ness, high tensile strength to withstand high fluid pressure make PVC pipes ideal for a number of purposes. In addition, you can initiate the manufacturing unit as a small and medium scale basis.
53. Sand Making
Sand is an essential component in the construction industry. River sand is the natural source of the sand. Natural or River sand is weathered and worn out particles of rocks. These are of various grades or sizes. It depends upon the amount of wearing. The artificial sand produced by proper machines can be a better substitute for river sand. The sand must be of proper gradation.
54. Stone Crushing Unit
The black stone is an essential item in construction concrete preparation. Furthermore, you can start the stone crushing unit as a medium scale or large scale basis also. In small and medium scale operation, the unit will be labor-intensive.
However, the location is an important consideration in this business. On the other hand, if you go for automatic setup, you will get quantity-wise more output with minimum labor engagement.
55. Wall Putty Manufacturing
Wall putty is an essential item in wall painting. The increasing uses of distemper and an alike product have increased the uses of wall putty. Additionally, you can start wall putty manufacturing business on a small-scale basis with comparatively small startup capital.
56. Building Material Retailing
This is one of the most lucrative retail business in the construction industry. Generally, you can sell different types of building materials from your shop. The list may include cement, TMT bar, stone chips, nails, wires, cement blocks, hollow bricks, etc. However, you must select the products according to the local market demand.
57. Cabinet Making
Basically, you can make a lot of money from your cabinet making business. Nowadays, it is not only wood, but customers also prefer different types of materials for their cabinets. However, wood cabinets are still in demand. The business demands specific skills. If you have space in your home, you can start the business as a home-based also.
58. Carpet Installation & Repair
this is another great business you can start with a small investment. However, the business is highly skill-oriented. This is one of the best construction business ideas as most people are looking for a professional service that is honest and has employees that engage in training that keeps them up to date on the latest techniques.
59. Chimney Installation & Repair
With the small capital investment, you can start chimney and fireplace installation and repair business. Some of the most value-added services you can offer are chimney sweeping, annual inspections, door adjustment and gasket inspection, firebrick replacement & more.
60. Concrete Supply
Basically, this is an emerging business opportunity these days. Here, you will need to provide Ready-Mixed concrete products and services to your clients. There are several reasons for the increase of demand for this type of service. Generally, big projects look for ready-mixed concrete suppliers.
61. Construction Cleaning Service
Generally, any sort of construction work ends with a lot of dust and debris hanging around, even when 62. construction is done. So, people look for professional cleaning services that have specific expertise in cleaning up. The business demands moderate capital investment for procuring the equipment and manpower. Conder this Construction Business Idea to start with.
62. Laminate Floor Installations
The demand for laminate flooring is increasing very fast. Basically, laminate floors provide a gorgeous look in a cost-effective way. Apart from domestic houses, the demand is increasing in commercial buildings also. The business demands adequate networking skills and small capital investment.
63. Magazine Rack Manufacturing
Basically, magazine racks allow showing the magazines in an organized way. If you have a creative mind and you enjoy making attractive items, you can consider starting this business. You can start the business both on a full-time and part-time basis. However, you must consider promoting your business properly.
64. Mirror Installations
This is another great niche opportunity in the construction field. Basically, mirror installation is a specialized job. And not only for dressing purposes, people use mirrors as a part of interior decoration also. You can start the business as home-based with small capital investment. However, you must have the necessary tools and equipment for starting this business.
65. Online Building Plan Service
If you enjoy work indoor and want to start a value-added service providing business in the construction industry, then consider this business. In starting an online building plan service business, you must have your own website. Additionally, you must have the capability of crafting different building plans according to your customer’s demand.
66. Paint Store
This is another a lucrative retail opportunity you can consider starting in the construction industry. Typically, paint store sales different types of exterior and interior paints, oil paints, wall putty, white cement, etc. Broadly, you can start the business in two ways. Either as a retailer of a single brand or a multiple brand store.
67. Paving Consulting
Paving consulting is a lucrative service-based business you can consider starting with low-cost. However, the business demands adequate skill, knowledge, and expertise. Apart from the domestic houses, you can cater the commercial clients also. Generally, for preparing the parking lots of the commercial or retail stores, shopping malls, people need professional advice.
68. Reach Truck Service
The reach truck business is quite easy to start and you can operate the business as part-time also. Basically, you can provide the service to the construction projects that are not easily or safely reached by a ladder. However, the business demands investment for procuring the reach truck. Also, you can consider purchasing a secondhand truck also.
69. Roof Installation
You can start roof installation, maintenance, and repair business with moderate capital investment. The business demands specific skills and expertise. Additionally, you must craft the right business plan before initiating the business. One of the best construction business ideas to start. Generally, any type of building as such needs frequent maintenance and repair. So, there is always a demand for this type of service.
70. Security Lighting
Basically, people install security lighting to deter or detect intrusions or other criminal activity on a piece of real property. Apart from domestic and commercial buildings, ongoing construction projects also use security lighting. The business demands a proper marketing strategy.
71. Solar Panel Installation
Actually, solar is an alternative power. And it helps to save us electricity. Additionally, it helps to go with an eco-friendly way of living. So, more and more domestic and commercial buildings are showing interest in solar panel installation. If you are an expert, you can start this business with small capital investment.
72. TMT Bar Manufacturing
If you want to start a large-scale business in the construction industry, you can consider this business. TMT bar manufacturing business has enough potential for expansion. However, the business demands substantial capital investment and strategic planning.
73. Wallpaper Retailing & Installation
Basically, wallpapers are cost-effective alternatives to interior paint. Additionally, wallpapers are used for decorating the walls of domestic and commercial buildings. You can start wallpaper retailing and installation business with a moderate capital investment in several ways. This is also, one of the best construction business ideas to start with.
74. Welding Business
If you have the specific expertise and skill, you can initiate a welding business of your own. The business is quite easy to start. Also, you can provide the welding service on a mobile basis. Before starting the business, check the licensing issues of your state.
75. Rainwater Harvesting Services
This is one of the best construction business ideas in today’s scenario, due to the scarcity of the potable water. Rainwater harvesting is the ultimate solution to save the rainwater and make it useful for domestic use. Almost for all the residential as well as commercial complexes the services are very much needed.
As in 2019, there are very few water technology consultants available in the market. So, rainwater harvesting services are the best and lucrative business opportunity to start with. One of the best construction business ideas.
The construction industry is an evergreen field. A lot of new developments are taking place in the construction & real estate industry. Thus starting a business related to construction sounds highly profitable.
The construction industry is not only limited to the building of the house and construction of offices. There is a wide range of activities carried out in the construction industry like renovation, interior, and repair. All the edifices, bridges, dams, roads, estates, campuses, shopping malls, office complexes, skyscrapers, and massive structures that you see around today, are all products of the construction industry.
We hope this list of the construction business ideas will help you in making an informed decision. Moreover, start a business according to your skill, expertise, market potential, and investment capacity.