Machinery Components Business

2 Machinery Components Business Success Stories [2024]

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Updated: September 6th, 2024

In an industry that keeps the world moving, a machinery components business proves to be a substantial endeavor. This business focuses on manufacturing and supplying essential parts for various machines, spanning industries like automotive, aerospace, and manufacturing.

Starting involves securing reliable suppliers or setting up manufacturing processes to produce high-quality components. You'll need to understand regulations and build relationships with B2B customers who require these parts for their operations.

There's a constant demand for machinery components, owing to the continuous upkeep and expansion of equipment in numerous sectors. This consistent need translates into steady revenue potential for your business.

For those intrigued by engineering and mechanics, this idea offers a satisfying way to apply technical skills while filling a critical niche in the market. Embark on this journey to create a dependable supply chain that supports industries and drives progress.

In this list, you'll find real-world machinery components business success stories and very profitable examples of starting a machinery components business that makes money.

1. Mermar Electronics Inc ($6M/year)

decade ago when I was in college, one of the students in my class came up with the idea for a new product. She noticed that there was a need for a lightweight, portable laptop stand that could be easily carried around and used in multiple settings. She conducted market research and found that there was a growing demand for such a product, especially among students and professionals who frequently traveled or worked in different locations. Inspired by this opportunity, she decided to start her own business and develop the laptop stand herself. She launched a successful crowdfunding campaign to raise funds for manufacturing and production, and within a few months, her product was available for sale. Since then, her business has grown significantly and she has expanded her product line to include accessories and other tech gadgets. She attributes her success to identifying a gap in the market and being proactive in addressing it, as well as constantly innovating and adapting to customer needs. Today, she is a respected entrepreneur and her company is a leader in the tech accessories industry.

How much money it makes: $6M/year
How many people on the team: 0

How An Electronics Engineer Started A $500K/Month PCB Assembly Business

Mermar Electronics, a California-based PCB manufacturing and assembly company established in 1974, has served over 100 unique clients and generated $2M in monthly revenue, with plans to upscale to $5M every month through facility expansion.

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2. Machinery Partner ($4.8M/year)

Ciaran, the founder of Machinery Partner, came up with the idea after realizing the large service gap between machinery dealers and customers in the heavy equipment industry. He saw an opportunity to digitize the industry and started reaching out to end-users to recruit more dealers, boosting revenue by 47% in just 18 months. Inspired by active Facebook groups and the trust-building power of content, Ciaran launched Machinery Partner and has since sold nearly half a million dollars worth of machinery per month, with plans to raise financing for rapid growth.

How much money it makes: $4.8M/year
How much did it cost to start: $25K
How many people on the team: 6

How I Started A $400K/Month Business Selling Heavy Machinery

Machinery Partner's founder Ciaran made almost $500k in machinery sales last month targeting small to medium-sized contracting businesses in the US and aims to become the go-to digital dealership for heavy equipment, with its standout quality being accessible remotely, delivered directly from manufacturers.

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Read by 11,159 founders