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 SWOT Analysis Chapter
The Railway Equipment Manufacturing and Repair industry is in the mature phase of its life cycle. Its products and services are widely used, and the products available to the market have been rationalised. Industry growth has been driven by growth in existing markets rather than any new market, product or innovation. Most notable growth has come from the resources sector and the state governments that under-invested in rail infrastructure over past decades and are now playing catch-up. Industry value added, which measures the industry's contribution to the overall economy, is forecast to decline at an annualised 0.5% over the 10 years through 2019-20. This decline is due to starting at a high level in 2009-10, when a boom in the industry driven by the Mining division was in full swing... purchase to read more