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. Industry revenue is forecast to grow at an annualised 3.6% over the five years through 2013-14, to reach $3.4 billion.
Industry order books have been strong, with investment by state governments in commuter trains, increased government spending on rail and strong growth in demand for bulk rail freight transport. The industry has been able to prosper despite the strengthening Australian dollar, which has made many other areas of manufacturing uncompetitive... purchase to read more
Industry Report - Industry Products Chapter
The industry manufactures components for locomotives, freight wagons and passenger cars and provides repair services. These components are used in the assembly of car and locomotive bodies and in repairs. Components, especially elements of the train such as electric drives or high-tech hardware, are some of the most valuable parts of the train. Pre-fabricated body shells, by contrast, have a lower value added. Australian companies have been able to hold their market share in component production due to the high-tech, high-value nature of this segment. The requirements of research, development and engineering prowess allow local companies to compete with imports from economies with lower wage costs... purchase to read more