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 Locations Chapter
The industry is concentrated in the most populous states, with 70% of the industry enterprises based in either New South Wales or Victoria. These states have vast rail networks for freight, suburban and interurban passenger rail. In addition, the privatisation and/or franchising of public transport in Victoria provided the impetus to upgrade rail equipment. Over the next five years, IBISWorld projects that the dominance of New South Wales and Victoria will continue due to the expansion of passenger rail in Melbourne and Sydney. Manufacturing in Western Australia is geared towards the maintenance and rolling stock needs of the Mining division, with the expansion and investment in passenger networks is supplementing operator revenue... purchase to read more