Industry Analysis & Industry Trends
The Railway Equipment Manufacturing and Repair industry has faced a difficult five-year period, as the end of the mining investment boom negatively affected industry revenue. Over the five years through 2015-16, industry revenue is expected to decline at a compound annual rate of 4.6%, to reach $2.6 billion.
Industry revenue fell over the three years through 2013-14 as investment in railways by the mining sector slowed. Furthermore, the total amount of revenue generated in Australia has declined as industry firms have offshored local manufacturing operations. In 2014-15, public sector investment into passenger rail projects in major cities around Australia increased as governments aimed to alleviate the increasing congestion caused by strong growth in public transport patronage... purchase to read more
Industry Report - Industry Locations Chapter
The industry is concentrated in the most populous states, with over 70% of industry enterprises estimated to be based in New South Wales and Victoria. These states have vast rail networks for freight, suburban and interurban passenger rail.
Industry manufacturing in Western Australia is geared towards the rolling stock needs of the mining sector, with the expansion and investment in passenger networks supplementing operator revenue. The construction of new freight railways to transport bulk commodities to ports has increased demand for new rolling stock and maintenance of existing vehicles in Western Australia, and as a result, increased establishment numbers in the state.
Queensland accounts for a small share of enterprises... purchase to read more