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 Products Chapter
The industry manufactures components for locomotives, freight wagons and passenger cars. It also 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, in 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