Industry Statistics and Trends
Market size and recent performance (2014-2029)
Industry revenue has declined at a CAGR of 7.1 % over the past five years, to reach an estimated $3.3bn in 2024.
Trends and Insights
Public sector capital expenditure is driving railway equipment manufacturing demand
- State and local governments are investing more in passenger transport infrastructure – including Melbourne’s Suburban Rail Loop and the Gold Coast’s Light Rail – in response to a growing population and heightened public transportation demand.
- Additional trends and insights available with purchase
Source: IBISWorld
Industry outlook (2024-2029)
Market size is projected to grow over the next five years.
Trends and Insights
Significant government investment in Australian railway infrastructure is set to heighten demand
- Various government sectors have committed to funding several rail transport projects over the coming years in response to Australia’s growing population.
Biggest companies in the Railway Equipment Manufacturing and Repair in Australia
| Company | Market Share (%)
2025 | Revenue ($m)
2025 |
|---|---|---|
HOCHTIEF Australia | 1,349.3 | |
Downer | 877.5 | |
Alstom Transport Australia Holdings | 422.8 |
To view the market share and analysis for all 5 top companies in this industry, view purchase options.
Products & Services Segmentation
Source: IBISWorld
Industry revenue is measured across several distinct product and services lines, including Repair and maintenance services, Passenger trains and carriages and Freight trains and wagons. Repair and maintenance services is the largest segment of the Railway Equipment Manufacturing and Repair in Australia.
Trends and Insights
Greater investment in new railcars and trams has shrunk repair and maintenance services demand
- Repair and maintenance services include retrofitting trains with seating, air conditioning, lighting and disability access components that meet contemporary comfort and safety standards.
- More insights available in the full report
Table of Contents
About this industry
Industry definition
Industry companies manufacture or provide repair services to railway locomotives and rolling stock. This includes rail carriages, freight trains, wagons, trams and cable cars.
What's included in this industry?
Repair and maintenance servicesPassenger trains and carriagesFreight trains and wagonsPassenger light rail and tramsCompanies
HOCHTIEF AustraliaDownerAlstom Transport Australia HoldingsPurchase this report to view all 5 major companies in this industry.
Related Terms
TONNE-KILOMETRESROLLING STOCKFREIGHT RAILIndustry Code
ANZSIC 2393 - Railway Equipment Manufacturing and Repair in Australia
Performance
Get an indication of the industry's health through historical, current and forward-looking trends in the performance indicators that make or break businesses.
Analyst insights
Operational disruptions from the COVID-19 pandemic have dulled demand. Fortunately, significant public sector investment in the past few years has somewhat offset these ill e...
In this chapter (4)
- Current Performance
- Outlook
- Volatility
- Life Cycle
Key metrics
- Annual Revenue, Recent Growth, Forecast, Revenue Volatility
- Number of Employees, Recent Growth, Forecast, Employees per Business, Revenue per Employee
- Number of Businesses, Recent Growth, Forecast, Employees per Business, Revenue per Business
- Total Profit, Profit Margin, Profit per Business
Charts
- Revenue, including historical (2014-2023) and forecast (2024-2029)
- Employees, including historical (2014-2023) and forecast (2024-2029)
- Businesses, including historical (2014-2023) and forecast (2024-2029)
- Profit, including historical (2014-2024)
- Industry Volatility vs. Revenue Growth
- Industry Life Cycle
Detailed analysis
- Trends in supply, demand and current events that are driving current industry performance
- Expected trends, economic factors and ongoing events that drive the industry's outlook
- Key success factors for businesses to overcome volatility
- How contribution to GDP, industry saturation, innovation, consolidation, and technology and systems influence the industry's life cycle phase.
Products and Markets
Learn about an industry's products and services, markets and trends in international trade.
Analyst insight
Many manufacturers are focusing on producing high-tech, complex and specialised railway equipment and components. This is helping them to remain relevant in the domestic mark...
In this chapter
- Products & Services
- Major Markets
- International Trade
Key metrics
- Largest market segment and value in 2024
- Product innovation level
- Total imports, level and trend
- Total exports, level and trend
- Trade Balance
Charts
- Products & services segmentation in 2024
- Major market segmentation in 2024
- International trade, including imports by country and exports by country
Detailed analysis
- Trends impacting the recent performance of the industry's various segments
- Innovations in the industry's product or service offering, specialization or delivery method
- Key factors that successful businesses consider in their offerings
- Buying segments and key trends influencing demand for industry products and services
- Recent trends in import and export volumes, country of origin or destination, and expected future trends
Geographic Breakdown
Discover where business activity is most concentrated in an industry and the factors driving these trends to find opportunities and conduct regional benchmarking.
Analyst insights
The distribution of industry enterprises largely correlates with Australia’s population and economic activity. Most enterprises are located in the two most populous states – ...
In this chapter (1)
- Business Locations
Charts
- Share of revenue, establishment, wages and employment in each region
- Share of population compared to establishments in each region in 2024
Tables
- Number and share of establishments in each region in 2024
- Number and share of revenue each region accounts for in 2024
- Number and share of wages each region accounts for in 2024
- Number and share of employees in each region in 2024
Detailed analysis
- Geographic spread of the industry across Asia Pacific, and trends associated with changes in the business landscape
- Key success factors for businesses to use location to their advantage
Competitive Forces
Get data and insights on what's driving competition in an industry and the challenges industry operators and new entrants may face, with analysis built around Porter's Five Forces framework.
Analyst insights
A handful of railway equipment manufacturers dominate the industry. Only a few manufacturers have the scale and scope to obtain large contracts from government bodies.
In this chapter (4)
- Concentration
- Barriers to Entry
- Substitutes
- Buyer & Supplier Analysis
Key metrics
- Industry concentration level
- Industry competition level and trend
- Barriers to entry level and trend
- Substitutes level and trend
- Buyer power level and trend
- Supplier power level and trend
Charts
- Market share concentration among the top 4 suppliers from 2019-2024
- Supply chain including upstream supplying industries and downstream buying industries, flow chart
Detailed analysis
- Factors impacting the industry’s level of concentration, such as business distribution, new entrants, or merger and acquisition activity.
- Key success factors for businesses to manage the competitive environment of the industry.
- Challenges that potential industry entrants face such as legal, start-up costs, differentiation, labor/capital intensity and capital expenses.
- Key success factors for potential entrants to overcome barriers to entry.
- Competitive threats from potential substitutes for the industry’s own products and services.
- Key success factors for how successful businesses can compete with substitutes.
- Advantages that buyers have to keep favorable purchasing conditions.
- Advantages that suppliers have to maintain favorable selling conditions.
- Key success factors for how businesses can navigate buyer and supplier power.
Companies
Learn about the performance of the top companies in the industry.
Analyst insights
Alstom Transport Australia Holdings acquired former major player Bombardier Transportation Australia in 2022. This acquisition propelled Alstom Transport Holdings’ revenue be...
In this chapter
- Market Share Concentration
- Companies
- Company Spotlights
Charts
- Industry market share by company in 2020 through 2024
- Major companies in the industry, including market share, revenue, profit and profit margin in 2024
- Overview of HOCHTIEF Australia's performance by revenue, market share and profit margin from 2018 through 2024
- Overview of Downer's performance by revenue, market share and profit margin from 2018 through 2024
- Overview of Alstom Transport Australia Holdings's performance by revenue, market share and profit margin from 2018 through 2024
- Overview of revenue, market share and profit margin trend for 2 additional companies
Detailed analysis
- Description and key data for HOCHTIEF Australia, and factors influencing its performance in the industry
- Description and key data for Downer, and factors influencing its performance in the industry
- Description and key data for Alstom Transport Australia Holdings, and factors influencing its performance in the industry
- Description, key data and performance trends for 2 additional companies
External Environment
Understand the demographic, economic and regulatory factors that shape how businesses in an industry perform.
Analyst insights
Railway equipment manufacturers face moderate regulatory pressure. The Office of the National Rail Safety Regulator and the Rail Industry Safety and Standards Board ensure th...
In this chapter
- External Drivers
- Regulation & Policy
- Assistance
Key metrics
- Regulation & policy level and trend
- Assistance level and trend
Charts
- Regulation & Policy historical data and forecast (2014-2029)
- Assistance historical data and forecast (2014-2029)
Detailed analysis
- Demographic and macroeconomic factors influencing the industry, including Regulation & Policy and Assistance
- Major types of regulations, regulatory bodies, industry standards or specific regulations impacting requirements for industry operators
- Key governmental and non-governmental groups or policies that may provide some relief for industry operators.
Financial Benchmarks
View average costs for industry operators and compare financial data against an industry's financial benchmarks over time.
Analyst insights
Wage costs have eaten into profit margins. Building up a more skilled workforce has meant that total wages have fallen at a much slower rate than revenue, increasing wages’ s...
In this chapter
- Cost Structure
- Financial Ratios
- Key Ratios
Key metrics
- Profit margin, and how it compares to the sector-wide margin
- Average wages, and how it compares to the sector-wide average wage
- Largest cost component as a percentage of revenue
- Industry average ratios for days' receivables, industry coverage and debt-to-net-worth ratio
Charts
- Average industry operating costs as a share of revenue, including purchases, wages, depreciation, utilities, rent, other costs and profit in 2024
- Average sector operating costs as a share of revenue, including purchases, wages, depreciation, utilities, rent, other costs and profit in 2024
- Investment vs. share of economy
Data tables
- Cash Flow & Debt Service Ratios (2014-2029)
- Revenue per Employee (2014-2029)
- Revenue per Enterprise (2014-2029)
- Employees per Establishment (2014-2029)
- Employees per Enterprise (2014-2029)
- Average Wage (2014-2029)
- Wages/Revenue (2014-2029)
- Establishments per Enterprise (2014-2029)
- IVA/Revenue (2014-2029)
- Imports/Demand (2014-2029)
- Exports/Revenue (2014-2029)
Detailed analysis
- Trends in the cost component for industry operators and their impact on industry costs and profitability
Key Statistics
Industry Data
Data Tables
Including values and annual change:
- Revenue (2014-2029)
- IVA (2014-2029)
- Establishments (2014-2029)
- Enterprises (2014-2029)
- Employment (2014-2029)
- Exports (2014-2029)
- Imports (2014-2029)
- Wages (2014-2029)
Top Questions Answered
Unlock comprehensive answers and precise data upon purchase. View purchase options.
What is the market size of the Railway Equipment Manufacturing and Repair industry in Australia in 2024?
The market size of the Railway Equipment Manufacturing and Repair industry in Australia is $3.3bn in 2024.
How many businesses are there in the Railway Equipment Manufacturing and Repair in Australia industry in 2024?
There are 101 businesses in the Railway Equipment Manufacturing and Repair industry in Australia, which has declined at a CAGR of 3.9 % between 2019 and 2024.
Has the Railway Equipment Manufacturing and Repair industry in Australia grown or declined over the past 5 years?
The market size of the Railway Equipment Manufacturing and Repair industry in Australia has been declining at a CAGR of 7.1 % between 2019 and 2024.
What is the forecast growth of the Railway Equipment Manufacturing and Repair industry in Australia over the next 5 years?
Over the next five years, the Railway Equipment Manufacturing and Repair industry in Australia is expected to grow.
What are the biggest companies in the Railway Equipment Manufacturing and Repair market in Australia?
The biggest companies operating in the Railway Equipment Manufacturing and Repair market in Australia are HOCHTIEF Australia, Downer and Alstom Transport Australia Holdings
What does the Railway Equipment Manufacturing and Repair in Australia include?
Repair and maintenance services and Passenger trains and carriages are part of the Railway Equipment Manufacturing and Repair industry.
Which companies have the highest market share in the Railway Equipment Manufacturing and Repair in Australia?
The company holding the most market share in Australia is HOCHTIEF Australia.
How competitive is the Railway Equipment Manufacturing and Repair industry in Australia?
The level of competition is high and increasing in the Railway Equipment Manufacturing and Repair industry in Australia.
Related Industries
Widen your competitive advantage with related industries
Competitors
- Interurban and Rural Bus Transport in Australia
Complementors
- Power Automation Products and Other Electrical Equipment Manufacturing in Australia
- Road and Bridge Construction in Australia
- Heavy Industry and Other Non-Building Construction in Australia
- Iron and Steel Forging in Australia
International industries
- Train, Subway & Transit Car Manufacturing in the US
- Rail Maintenance Services in the US
- Railcar Manufacturing in the US
- Train, Subway & Transit Car Manufacturing in Canada
- Railway Equipment Manufacturing in the UK
View all industries in Australia
Methodology
How are IBISWorld reports created?
IBISWorld has been a leading provider of trusted industry research for over 50 years to the most successful companies worldwide. With offices in Australia, the United States, the United Kingdom, Germany and China, we are proud to have local teams of analysts that conduct research, data analysis and forecasting to produce data-driven industry reports.
Our analysts start with official, verified and publicly available sources of data to build the most accurate picture of each industry. Analysts then leverage their expertise and knowledge of the local markets to synthesize trends into digestible content for IBISWorld readers. Finally, each report is reviewed by one of IBISWorld’s editors, who provide quality assurance to ensure accuracy and readability.
IBISWorld relies on human-verified data and human-written analysis to compile each standard industry report. We do not use generative AI tools to write insights, although members can choose to leverage AI-based tools within the platform to generate additional analysis formats.
What data sources do IBISWorld analysts use?
Each industry report incorporates data and research from government databases, industry-specific sources, industry contacts, and our own proprietary database of statistics and analysis to provide balanced, independent and accurate insights.
Key data sources in Australia include:
- Australian Bureau of Statistics
- Australian Taxation Office
- Australian Securities & Investments Commission
Analysts also use industry specific sources to complement catch-all sources, although their perspective may focus on a particular organization or representative body, rather than a clear overview of all industry operations. However, when balanced against other perspectives, industry-specific sources provide insights into industry trends.
These sources include:
- Industry and trade associations
- Industry federations or regulators
- Major industry players annual or quarterly filings
Finally, IBISWorld’s global data scientists maintain a proprietary database of macroeconomic and demand drivers, which our analysts use to help inform industry data and trends. They also maintain a database of statistics and analysis on thousands of industries, which has been built over our more than 50-year history and offers comprehensive insights into long-term trends.
How does IBISWorld forecast its data?
IBISWorld’s analysts and data scientists use the sources above to create forecasts for our proprietary datasets and industry statistics. Depending on the dataset, they may use regression analysis, multivariate analysis, time-series analysis or exponential smoothing techniques to project future data for the industry or driver. Additionally, analysts will leverage their local knowledge of industry operating and regulatory conditions to impart their best judgment on the forecast model.
IBISWorld prides itself on being a trusted, independent source of data, with over 50 years of experience building and maintaining rich datasets and forecasting tools. We are proud to be the keystone source of industry information for thousands of companies across the world.
Learn more about our methodology and data sourcing on the Help Center.
