10+ Best & Profitable Industrial Business Ideas [2023]

Author: Nick C headshot
Founder & CEO, Newfoundrz
Passionate about helping small businesses establish LLCs
Updated on:
August 7, 2023
Image of industrial business ideas

Hey there, future industrial tycoon! Are you ready to take the plunge into the exhilarating world of industrial business? Well, you've come to the right place. As we stand on the cusp of 2023, a myriad of exciting and profitable opportunities are emerging in this dynamic sector.

Whether you're a seasoned entrepreneur looking for your next venture, or a budding businessperson ready to make your mark, we've got you covered. We've scoured the market, analyzed trends, and distilled everything down to this comprehensive list of the top 10+ industrial business ideas for 2023.

But wait, this isn't just a list. It's a roadmap to success. Each idea is a story waiting to be told, a dream waiting to be realized. So, buckle up, and let's embark on this exciting journey together. Ready to explore? Let's dive right in!

Disclaimer: This Business Ideas Content ("Content") is provided solely for informational and educational purposes and does not constitute professional, legal, or financial advice. The ideas and information presented in this Content are general in nature and are not intended to serve as a comprehensive guide or specific recommendation for any individual business or entrepreneurial endeavor.

Our 10+ Best Industrial Business Examples:

1. Automation And Robotics Business.

Automation and Robotics Businesses involve the development and integration of robotic systems to automate certain processes, ultimately leading to an increase in productivity and cost savings. Automation and robotics businesses make a great business idea due to their wide variety of applications in multiple industries:

  • Reducing labor costs
  • Enhancing the production process
  • Improving product quality
  • Increasing safety for workers
  • Providing greater accuracy in data collection

2. Logistics Business.

Logistics businesses provide a valuable service to companies by efficiently managing the transportation and storage of physical goods. Through careful planning, logistics businesses can offer cost-effective solutions for their clients, which makes them a great business idea. Here are some of the benefits of starting a logistics business:

  • Can serve multiple customers simultaneously
  • Ability to access new markets
  • Reduced overhead costs with efficient planning and organization
  • Ability to develop long-term relationships with customers
  • Opportunity to create new services and expand offerings

3. Power Generation Business.

Power Generation Businesses offer solutions to generate electricity from renewable or non-renewable sources. This type of business provides a great opportunity to make profits with minimal investments and make a meaningful contribution to helping create a sustainable energy future. Here are some of the benefits of starting a Power Generation Business:

  • Produce clean energy
  • Highly profitable
  • Reduce dependence on the electricity grid
  • Can be developed at small or large scale
  • Lessen detrimental effects on the environment

4. Manufacturing Business.

A Manufacturing Business is a business that produces goods by transforming raw materials, components, or parts into finished products. This type of business may make items such as clothing, cars, food products, pharmaceuticals, electronic devices, and toys. Manufacturing businesses offer several advantages that make them attractive to entrepreneurs who want to start their own business:

  • It enables entrepreneurs to create high-margin products that generate more profits than traditional services.
  • It allows entrepreneurs to easily scale their production operations as the demand for their goods increases.
  • Manufacturing requires relatively low upfront costs, which makes it easier for entrepreneurs to get started.
  • It allows entrepreneurs to manufacture goods in different locations and export them around the world.
  • Manufacturing businesses provide products and services that have a long-term value and are not dependent on the current trends or fads.

5. Metal Fabrication Business.

A Metal Fabrication Business is a business that utilizes specialized equipment to manufacture metal products for commercial and industrial applications. This could include cutting, bending, forming and assembling components made of metal. It is a good business idea because:

  • It has great potential for growth.
  • It requires minimal start-up costs.
  • It offers high profitability.
  • It provides a wide array of services.
  • It can be done from home with the right tools.

6. Mining And Extractive Industries Business.

A Mining and Extractive Industries Business involves the extraction of natural resources. This type of business is often capital intensive and has the potential for long-term growth. It would make a good business idea for those looking to start a venture involving the following:

  • Exploration of mineral, gas and oil sources
  • Development of underground and surface mine sites
  • Processing and refining of mined resources
  • Transport of minerals, gases and oil
  • Equipment maintenance and repair

7. Hydraulics And Pneumatics Business.

A Hydraulics and Pneumatics business is a specialized form of engineering. It involves the development, installation, repair and maintenance of hydraulic and pneumatic systems. These are often used to power industrial machinery, heavy duty vehicles and construction equipment. There is a high demand for these services in many industries, making it a potentially lucrative business venture.

  • Specialized engineering services
  • Demand from multiple industries
  • Installation, repair and maintenance services
  • Highly profitable

8. Food Processing Business.

A Food Processing Business is a business that involves transforming agricultural products into food items, such as canned vegetables, frozen fruit and cheese, or other prepared food items. It is a great business idea for anyone looking to add value to the food supply chain, as it has a wide variety of benefits:

  • Cost Savings – By purchasing raw materials in bulk, businesses can enjoy cost savings by reducing the cost of each individual item.
  • Ease of Operation – Food processing equipment and processes are now easier to use than ever before, enabling business owners to produce high quality products quickly and efficiently.
  • Increased Profits – By adding value to agricultural products, businesses can increase their profits.
  • Improved Quality – Many food processing techniques involve processes that improve the taste and texture of the food products.
  • Flexibility – Food processing businesses can cater to different types of consumers, catering to a variety of tastes and preferences.

9. Agricultural Equipment Sales And Maintenance Business.

Agricultural Equipment Sales and Maintenance Business is a good business idea for those who are familiar with the agricultural industry and have an interest in providing equipment repair and maintenance services. It offers entrepreneurs the chance to capitalize on the growing demand for agricultural equipment maintenance and sales. This business can bring in a significant amount of revenue with its specialized services and products that can be offered to farmers, ranchers, estates, and other large agricultural entities. Here are some key features of this business:

  • Specialized knowledge of different types of agricultural equipment
  • Ability to source quality parts at competitive prices
  • Ability to troubleshoot and repair complex machinery
  • Advisory services can be offered on the correct use and maintenance of the machines
  • Organizing training seminars for customers on how to properly use the machines
  • Provide spare parts at reasonable costs when machines need repairs
  • Offer 24-hour emergency repair service after-hours or during holidays when customers have limited access to dealerships or service centers

10. Industrial Cleaning Services.

Industrial Cleaning Services is a business offering services that help industrial facilities maintain a clean and safe environment. These services include tasks such as sweeping, mopping, pressure washing, vacuuming, disposing of trash and cleaning windows. Industrial Cleaning Services can be tailored to individual facility needs and can be offered on a regular or one-time basis.

  • Offers efficient method of cleaning industrial facilities
  • Fast and effective processes using specialized equipment
  • Regular cleaning services available to improve overall facility maintenance
  • Can be customized for each client's specific needs
  • Cost-effective solutions for industrial cleaning

Successful Examples of Industrial Businesses:

The industrial business industry is a sector that ranges across multiple types of industries and provides essential products and services to the world. Below is a list of successful companies in this sector:

  • 3M
  • GE
  • Honeywell International
  • Illinois Tool Works
  • United Technologies
  • Caterpillar
  • Fluor Corporation
  • Air Products & Chemicals, Inc.
  • Cummins Inc.
  • Avery Dennison Corporation

Other Related Industrial Business Ideas:

Business Ideas In Other States:


Founder and CEO

I'm Nick, co-founder of newfoundr.com, dedicated to helping aspiring entrepreneurs succeed. As a small business owner with over five years of experience, I have garnered valuable knowledge and insights across a diverse range of industries. My passion for entrepreneurship drives me to share my expertise with aspiring entrepreneurs, empowering them to turn their business dreams into reality.

Through meticulous research and firsthand experience, I uncover the essential steps, software, tools, and costs associated with launching and maintaining a successful business. By demystifying the complexities of entrepreneurship, I provide the guidance and support needed for others to embark on their journey with confidence.

From assessing market viability and formulating business plans to selecting the right technology and navigating the financial landscape, I am dedicated to helping fellow entrepreneurs overcome challenges and unlock their full potential. As a steadfast advocate for small business success, my mission is to pave the way for a new generation of innovative and driven entrepreneurs who are ready to make their mark on the world.