Industry Analysis & Industry Trends
The Railway Track Construction industry has had mixed results since the late 2000s, picking up steam on the back of resource developments, before plummeting in recent years with the winding back of private and public rail investment. The industry builds three kinds of rail networks and these transport passengers, intermodal freight and mining output. Construction of intermodal freight and passenger networks relies on government funding, and expansion plans are developed to meet long-term objectives. Governments are heavily involved in downstream industries as both owners and operators of track... purchase to read more
Industry Report - Industry SWOT Analysis Chapter
The industry is in a declining stage of its life cycle, reflecting the substantial installed capacity on existing rail networks and the long effective life of these assets.
Over the 10 years through 2020-21, industry value added, which measures the industry's contribution to the overall economy, is forecast to decline by an annualised 1.5%. This contraction contrasts with GDP growth in Australia over the same period (2.8% annualised). Over the long term the Railway Track Construction industry is projected to contribute a declining share of the overall economy.
The industry is heavily reliant on government funding for rail projects and this growth is principally determined by the supply of funds rather than demand for services... purchase to read more