Growth in Indian Wire and Cable Industry- The Way Forward
India’s wire and cable market is expected to witness a CAGR of 7.9% by 2032 according to a report by Fortune Business Insights. This growth is fueled by key segment performance in high-voltage cables, which are gaining traction due to underground power transmission needs.
The surge in residential and commercial construction, coupled with the rapid expansion of data centers and quick uptake of 5G, has significantly increased the demand for building wires and fiber optic cables, respectively.
Major Trends in Terms of Technology, Product Mix, and Supply Chain
The cable & wire industry is witnessing a significant technological upgrade, with high-speed wire drawing machines replacing older equipment. This transition is enhancing both productivity and quality across manufacturing lines. The wire segment itself is broad, encompassing the drawing of steel, copper, and aluminum, which are used in diverse applications such as tire cords, springs, fasteners, LRPC (Low Relaxation Pre-Stressed Concrete) wires, PC strands, welding wires, and electrical cables.
On the supply chain front, localization efforts are gaining momentum, supported by the Make-in-India initiative. As a result, organized players are steadily capturing market share from the unorganized sector, with the organized segment’s share increasing from approximately 68% in FY19 to 73% in FY24.
Watch: Top Cable Companies in India
Impact of New Entrants in the Industry
The entry of new players is reshaping the competitive landscape, driving both innovation and efficiency across the cable & wire industry. Established players continue to expand and invest in advanced technologies, while new entrants are scaling rapidly and introducing cost-competitive solutions. This evolving dynamic is intensifying the focus on performance, consistency, and differentiation.
At Kennametal, we view this shift as an opportunity to lead through innovation. Our tungsten carbide mill rolls—designed for wire rolling and wire-drawing applications—deliver extended run lengths, superior surface finish quality, and reduced downtime. These advantages not only enhance operational efficiency but also empower our customers to stay ahead in a crowded and fast-moving market.
Future Readiness to Compete in the Evolving Market
In a rapidly evolving and competitive market, our approach is rooted in combining global expertise with localized execution. At Kennametal India, we are strengthening our presence by integrating end-to-end manufacturing capabilities—from concept to finished components—at our advanced facility in Bengaluru. This enables us to deliver high-quality solutions with speed and scale.
Complementing our manufacturing strength is our DSIR-recognized R&D center, which is part of Kennametal’s global innovation network. This integration allows us to develop new tungsten carbide grades and wire solutions tailored to high-speed, high-performance applications in steel wire rolling and drawing.
By aligning agile innovation with reliable production, we are well-positioned to support our customers with technology that meets the demands of today’s market more efficiently, consistently, and with a focus on long-term value.
B2B Exhibitions Fueling Industry Growth
These exhibitions provide a platform for dialogue between all the stakeholders, i.e., manufacturers, machine makers, and solution providers like us. Tradeshows are a vital platform for Kennametal to showcase our tungsten carbide wear-resistant solutions, engage with industry stakeholders, and exchange technical insights. They also help us track market trends and collaborate with customers in real time to co-develop productivity-enhancing solutions.
Past Participation Experience in Cable & Wire Fair
Our participation has given us direct access to decision-makers in the industry, including wire drawing, rod mills, and other manufacturers. In recent editions, we showcased our high-performance tungsten carbide rolls for steel mills, pinch rolls, wire guides, wire drawing nibs, cone rings, flattening rollers, cold rolling rolls, and high frequency solutions for capstan drums, which led to strong customer engagement and discussions. We were able to establish lasting partnerships and found this event to be a brilliant platform for communicating our initiatives for the industry, and identifying opportunities in high-growth segments like construction and energy.
Also Read: K-Flex Elastomers Powering Next-Gen Wire and Cable Applications
Expectations from Cable & Wire Fair 2025
We see the show as a valuable platform to connect with industry leaders and showcase Kennametal’s tungsten carbide solutions for wire and cable production. This year at our booth, visitors can look forward to exploring our portfolio of tungsten carbide rolls for steel mills, pinch rolls, wire guides, wire drawing nibs, cone rings, flattening rollers, cold rolling rolls, and high frequency solution for capstan drums for consistent performance under demanding conditions.
Our experts will be available for technical discussions, helping customers understand how Kennametal solutions can extend run life, improve throughput, and reduce the total cost of operations. This reinforces our focus on innovation, reliability, and customer-centric solutions for India’s growing wire and cable sector.
Visit Stand: Hall 5/ D9 at Cable & Wire Fair 2025, New Delhi
