Growth in Indian Wire and Cable Industry- The Way Forward
The India wires and cables market size was valued at USD 9.32 billion in 2024. The market is projected to grow from USD 10.01 billion in 2025 to USD 17.08 billion by 2032, exhibiting a CAGR of 7.94% during the forecast period. India has observed a substantial rise in the demand for wires and cables due to the country’s renewable energy goals, infrastructure development, real estate and housing, industrialization and data centres and rapid advancements in cable and wire technology.
Going forward the industry will move toward the frequent use of hybrid cables, which combine power cables, data cables, and even pneumatic and hydraulic hoses in a single sheath, along with innovations in products, processes, and business models to meet evolving market needs and increasing global competition.
Watch: Top Cable Companies in India
Major Trends in Terms of Technology, Product Mix, and Supply Chain
At Mahalaxmi Engineering Works, we have established ourselves as a leading manufacturer, supplier and exporter of a range of cable and conductor machinery that include automatic stranding line with auto batch loading, drum twister line, copper tapping machines, Skip stranding machines, tubular stranding machine, rod breakdown machine, armoring machine, core laying machine and steel coiler machine. The products are engineered by our professionals, making use of high-grade raw materials. We implemented the latest technologies to fabricate these machines so as to ensure their excellent performance, high efficiency, reliability for longer service life and high productivity level.
Our products are tested in our advanced quality-testing laboratory so as to ensure their flawless performance at the clients’ end. Furthermore, we are also providing various value-added services to the clients so as to gain their loyalty and initiate everlasting business relations. We have mustered a huge client base across the markets of the Middle East and Indian subcontinent.
Impact of New Entrants in the Industry
While new players in the wire and cable market expand opportunities for machinery suppliers, they also intensify competition, driving price pressure and risks of overcapacity. To thrive, machine manufacturers must push boundaries in automation, customization, and advanced technologies to stay ahead in a competitive landscape.
Future Readiness to Compete in Evolving Market
Currently, we are having a 50,000 sq feet manufacturing facility with latest CNC machines and have added welding robots also to enhance our quality production. We are aiming to expand our manufacturing facility with 1 lakh sq feet shed area with latest machines to cater the demand of industry. We are also using 3D CAD CAM design software for component designing. It is an integrated system that uses computers to first design 3D products and models (CAD) and then manufacture them (CAM). These models generate instructions and toolpaths for automated manufacturing machines like CNC machines and 3D printers and streamline product development cycle, enhances precision, reduces errors, and enables rapid prototyping to create high-precision components for machines.
B2B Exhibitions Fueling Industry Growth
B2B exhibitions like Cable and Wire Fair are driving the growth of the wire and cable industry by providing a significant platform for networking, showcasing products and services, fostering partnerships, and staying updated on market trends. These events drive innovation and collaboration by bringing together industry professionals under one roof for knowledge exchange, collaborations and deal-making, thereby increasing brand visibility and market expansion.
Expectations from Cable & Wire Fair 2025
Cable & Wire Fair 2025 offers us the opportunity to engage with peers and share our advancements in wire and cable manufacturing. Our portfolio—including automatic batch loader rigid stranding lines, drum twisters, skip stranding, tubular stranding, rod breakdown machines, wire twisting machines, armoring machines, laying machines, and steel coilers—will be presented to demonstrate how we help manufacturers achieve higher efficiency, lower energy consumption, and consistent product quality.
Visit Stand: Hall 5/ B5-2 at Cable & Wire Fair 2025, New Delhi
