Industry Analysis & Industry Trends
The Railway Equipment Manufacturing and Repair industry has managed to stay on track despite the overall difficult environment for manufacturing industries. Due to starting at a high level, industry revenue is forecast to decline at an annualised 3.1% over the five years through 2014-15, to $2.7 billion. Industry revenue is expected to contract by 3.6% during 2014-15.
Industry demand has been strong over much of the past five years, but is beginning to wane as investment in railways by the Mining division slows. Investment in commuter trains by state governments and increased government spending on rail networks have also affected the industry. The delivery of the last of 78 new trains as part of the Waratah project in Sydney caused industry revenue to decline during 2013-14... purchase to read more
Industry Report - Industry Analysis Chapter
Over the five years through 2014-15, industry revenue is forecast to decline at an annualised 3.1% to reach $2.7 billion. In 2014-15, industry revenue is forecast to decline by 3.6%. Revenue is falling due to a decline in investment into rail infrastructure by mining companies. Additionally, the completion of some large passenger rail projects resulted in revenue declining strongly during 2013-14.
Following the global financial crisis, the government attempted to stimulate the economy by investing heavily into infrastructure. This included investment in passenger rail services, which increased demand for industry products. This coincided with high levels of capital investment in rail by the Mining division and resulted in strong sales within the industry... purchase to read more