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 Locations Chapter
The industry is concentrated in the most populous states, with over half of the industry based in New South Wales and 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 lessen due to growth in Queensland and Western Australia. Manufacturing in Western Australia is also geared towards the maintenance and rolling stock needs of the Mining division, with the expansion and investment in passenger networks in these states supplementing operator revenue... purchase to read more