Steel Wire Market Size in India | Industry Trends & Forecast 2025

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Code: MTA10427

Publication Date: Oct 2025

What is the Growth Rate of the India Steel Wire Market?

According to 6Wresearch internal database and industry insights, India Steel Wire Market is expanding at a CAGR of 6.8% during the forecast period 2025-2031.

There are numbers of factors which are contributing in the expansion of the market include rising demand from the construction, automotive, and infrastructure sectors, increasing investments in industrial manufacturing, and the growing use of high-tensile steel wires in power transmission, bridges, and telecommunication applications.

Key Growth Drivers of the India Steel Wire Market

Rising infrastructure development and urbanization across major cities
Increasing adoption of steel wires in automotive and construction sectors
Growing use of galvanized and stainless-steel wires in power and telecom industries
Expanding manufacturing of industrial equipment and fasteners
Rising investments in renewable energy and transmission lines
Government programs that help with housing and industrial development

India Steel Wire Market Trends

India Steel Wire Market is witnessing notable growth trends such as the increasing use of high-carbon and alloy steel wires in industrial and automotive applications. More people want stainless steel wires as they do not rust and last a long time in construction and marine sectors . Manufacturers are working to make production more efficient by using more automation and advanced wire drawing technologies. In the infrastructure projects, there is a rise in demand for pre-stressed concrete (PSC) wires. Additionally, the push for lightweight and strong materials is making the market more flexible across a wide range of industries.

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Emerging Developments in the India Steel Wire Market

India Steel Wire Market is evolving with technological advancements in coating and surface treatment processes that enhance wire strength and longevity. Increasing R&D activities are focused on developing eco-friendly and energy-efficient wire manufacturing methods. Companies are expanding their production capacities and entering strategic collaborations to meet domestic demand. There is also a rise in the market for specialty wires used in renewable energy, electric vehicles, and precision engineering. Investments in better quality testing and process optimization are also making products work better and making them more competitive.