Industry Analysis & Industry Trends
The Railway Equipment Manufacturing and Repair industry has managed to stay on track despite the 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 Key Buyers Chapter
The industry has a high level of market share concentration, with the top four players accounting for an estimated 92.7% of industry revenue in 2014-15. The high level of market share concentration is attributed to the scope of capabilities of the larger players, which allows them to take on large projects. However, the industry is also characterised by a large number of smaller firms. These firms tend to specialise in niche markets and are usually employed by the larger firms as sub-contractors. Market share concentration is expected to increase over the next five years as the large players continue to consolidate their market position... purchase to read more