Railway Equipment Manufacturing in Australia Industry Market Research Report Now Updated by IBISWorld

Railway equipment manufacturers have prospered due to their strong order books, and demand is expected to continue to grow over the next five years. For this reason, industry research firm IBISWorld has updated its report on the Railway Equipment Manufacturing industry in Australia.

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IBISWorld Market Research

IBISWorld Market Research

Increased government spending and higher freight demand support growth

Melbourne, Australia (PRWEB) February 14, 2013

The Railway Equipment Manufacturing industry has performed strongly over the five years through 2012-13, with revenue expected to increase at a compound annual rate of 3.7%. 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. According to IBISWorld industry analyst Caroline Finch, “The industry has been able to prosper despite the strengthening Australian dollar, which has made many other areas of manufacturing uncompetitive”.

The industry has realigned itself to focus on high-tech areas of rail manufacturing, with the bulk of industry revenue coming from the manufacture of components rather than outright rolling stock. “This has allowed specialised smaller players to remain in business even as the major players turned towards assembly, shifting less complex production overseas to countries with low labour costs”, says Finch. The biggest companies in the industry in 2012-13 are Downer EDI Limited, UGL Limited, Bombardier Transportation Australia Pty Ltd and Bradken Limited.

A large factor in the Railway Equipment Manufacturing industry's growth has been the simultaneous increase in demand from all major markets over the five-year period. With changing supply chain and manufacturing models, the industry's major players have been able to keep up with demand. This spurt of investment is expected to stabilise in the next five years. However the maintenance, repair and refurbishment contracts that come with increased capacity will help support industry revenue growth, as will the strong order books seen in 2012-13.

For more information, visit IBISWorld’s Railway Equipment Manufacturing report in Australia industry page.

Follow IBISWorld on Twitter: http://twitter.com/#!/ibisworldau

IBISWorld industry Report Key Topics

The Railway Equipment Manufacturing industry consists of establishments that manufacture or repair railway or tramway locomotives and rolling stock, such wagons and passenger carriages. This industry excludes the construction and maintenance of railroads.

Industry Performance
Executive Summary
Key External Drivers
Current Performance
Industry Outlook
Industry Life Cycle
Products & Markets
Supply Chain
Products & Services
Major Markets
International Trade
Business Locations
Competitive Landscape
Market Share Concentration
Key Success Factors
Cost Structure Benchmarks
Basis of Competition
Barriers to Entry
Industry Globalisation
Major Companies
Operating Conditions
Capital Intensity
Technology & Systems
Revenue Volatility
Regulation & Policy
Industry Assistance
Key Statistics
Industry Data
Annual Change
Key Ratios

About IBISWorld Inc.
Recognised as the nation’s most trusted independent source of industry and market research, IBISWorld offers a comprehensive database of unique information and analysis on every Australian industry. With an extensive online portfolio, valued for its depth and scope, the company equips clients with the insight necessary to make better business decisions. Headquartered in Melbourne, IBISWorld serves a range of business, professional service and government organisations through more than 10 locations worldwide. For more information, visit http://www.ibisworld.com.au or call (03) 9655 3886.


Contact

  • Gavin Smith
    IBISWorld
    (310) 490-5973
    Email