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Railway Equipment Manufacturing and Repair in Australia Industry Data and Analysis
The Railway Equipment Manufacturing and Repair industry has experienced steady performance in recent years, largely driven by government investment in infrastructure and the focus on modernising the nation’s rail networks. Over the five years through 2024-25, the industry is expected to grow at an average rate of 0.4%. This increase is fuelled by rising demand for advanced rail systems, including automated trains and high-capacity signalling, and by the government's emphasis on energy-efficient and sustainable transport infrastructure. The push for electrification, automation and sustainability has significantly influenced growth.In 2024-25, the industry has seen an uptick of 2.2%, reaching $4.8 billion in revenue. This growth is largely attributed to major infrastructure projects, including the Sydney Metro and Melbourne Metro Tunnel, which continue to generate significant demand for new rolling stock, repair services and advanced technologies, like Communication-Based Train Control (CBTC). With over $155 billion allocated to rail projects across Australia by 2035, government funding has provided long-term support for the sector’s expansion. These projects have prioritised local manufacturing, offering more stable demand for rail systems and ensuring domestic producers play a significant role in delivering these solutions.Profit margins are expected to improve as manufacturers secure long-term contracts for large-scale projects, prioritising local production and high-tech systems. These projects ensure a steady flow of revenue and support higher value, more profitable contracts, which help offset short-term challenges like supply chain disruptions. The industry is poised for sustainable growth, with a strong project pipeline and a growing emphasis on innovation, energy efficiency and automation. As domestic manufacturers like CIMIC and Downer secure major government contracts, like Queensland’s Train Manufacturing Program, their market share and profitability are set to grow. Continued government investment will bolster the role of local manufacturers.The industry is projected to climb at an annualised 1.5% over the five years through 2029-30, with total revenue forecast to reach $5.2 billion. The continued rollout of electrification, automation and sustainable infrastructure projects will drive demand for passenger and freight equipment, and ongoing repairs and upgrades will continue to contribute significantly to industry revenue.
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What's included in this industry analysis
IBISWorld's research coverage on the Railway Equipment Manufacturing and Repair industry in Australia includes market sizing, forecasting, data and analysis from 2015-2030. The most recent publication was released May 2025.
About this industry
What's this industry report about?
The Railway Equipment Manufacturing and Repair industry in Australia operates under the ANZSIC industry code C2393. The industry comprises companies that manufacture and provide repair services for railway locomotives and rolling stock. This includes rail carriages, freight trains, wagons, trams, cable cars and other related railway components, ensuring the production, maintenance and servicing of these essential transport vehicles. Related terms covered in the Railway Equipment Manufacturing and Repair industry in Australia include tonne-kilometres, rolling stock and freight rail.
What's included in this industry?
Products and services covered in Railway Equipment Manufacturing and Repair industry in Australia include Repair and maintenance services, Passenger trains and carriages and Freight trains and wagons.
What companies are included in this industry?
Companies covered in the Railway Equipment Manufacturing and Repair industry in Australia include HOCHTIEF Australia, Downer and Alstom Transport Australia Holdings.
Performance
What's included in the Performance chapter?
The Performance chapter covers detailed analysis, datasets, detailed current performance, sources of volatility and an outlook with forecasts for the Railway Equipment Manufacturing and Repair industry in Australia.
Questions answered in this chapter include what's driving current industry performance, what influences industry volatility, how do successful businesses overcome volatility, what's driving the industry outlook. This analysis is supported with data and statistics on industry revenues, costs, profits, businesses and employees.
Products & Markets
What's included in the Products and Markets chapter?
The Products and Markets chapter covers detailed product and service segmentation, analysis of major markets and international trade data for the for the Railway Equipment Manufacturing and Repair industry in Australia.
Questions answered in this chapter include how are the industry's products and services performing, what are innovations in industry products and services, what products or services do successful businesses offer and what's influencing demand from the industry's markets. This includes data and statistics on industry revenues by product and service segmentation and major markets.
Geographic Breakdown
What's included in the Geographic Breakdown chapter?
The Geographic Breakdown chapter covers detailed analysis and datasets on regional performance of the Railway Equipment Manufacturing and Repair industry in Australia.
Questions answered in this chapter include where are industry businesses located and how do businesses use location to their advantage. This includes data and statistics on industry revenues by location.
Competitive Forces
What's included in the Competitive Forces chapter?
The Competitive Forces chapter covers the concentration, barriers to entry and supplier and buyer profiles in the Railway Equipment Manufacturing and Repair industry in Australia. This includes data and statistics on industry market share concentration, barriers to entry, substitute products and buyer & supplier power.
Questions answered in this chapter include what impacts the industry's market share concentration, how do successful businesses handle concentration, what challenges do potential industry entrants face, how can potential entrants overcome barriers to entry, what are substitutes for industry services, how do successful businesses compete with substitutes and what power do buyers and suppliers have over the industry and how do successful businesses manage buyer & supplier power.
Companies
What's included in the Companies chapter?
The Companies chapter covers Key Takeaways, Market Share and Companies in the Railway Equipment Manufacturing and Repair industry in Australia. This includes data and analysis on companies operating in the industry that hold a market share greater than 5%.
Questions answered in this chapter include what companies have a meaningful market share and how each company is performing.
External Environment
What's included in the External Environment chapter?
The External Environment chapter covers Key Takeaways, External Drivers, Regulation & Policy and Assistance in the Railway Equipment Manufacturing and Repair industry in Australia. This includes data and statistics on factors impacting industry revenue such as economic indicators, regulation, policy and assistance programs.
Questions answered in this chapter include what demographic and macroeconomic factors impact the industry, what regulations impact the industry, what assistance is available to this industry.
Financial Benchmarks
What's included in the Financial Benchmarks chapter?
The Financial Benchmarks chapter covers Key Takeaways, Cost Structure, Financial Ratios, Valuation Multiples and Key Ratios in the Railway Equipment Manufacturing and Repair industry in Australia. This includes financial data and statistics on industry performance including key cost inputs, profitability, key financial ratios and enterprise value multiples.
Questions answered in this chapter include what trends impact industry costs and how financial ratios have changed overtime.
Industry Data
What's included in the Industry Data chapter?
The Industry Data chapter includes 10 years of historical data with 5 years of forecast data covering statistics like revenue, industry value add, establishments, enterprises, employment and wages in the Railway Equipment Manufacturing and Repair industry in Australia.
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Frequently Asked Questions
What is the market size of the Railway Equipment Manufacturing and Repair industry in Australia in 2026?
The market size of the Railway Equipment Manufacturing and Repair industry in Australia is $4.8bn in 2026.
How many businesses are there in the Railway Equipment Manufacturing and Repair industry in Australia in 2025?
There are 134 businesses in the Railway Equipment Manufacturing and Repair industry in Australia, which has grown at a CAGR of 1.7 % between 2020 and 2025.
How may import tariffs affect the Railway Equipment Manufacturing and Repair industry in Australia?
The Railway Equipment Manufacturing and Repair industry in Australia is likely to be impacted by import tariffs with imports accounting for a moderate share of industry revenue.
How may export tariffs affect the Railway Equipment Manufacturing and Repair industry in Australia?
The Railway Equipment Manufacturing and Repair industry in Australia is unlikely to be materially impacted by export tariffs with exports accounting for a low share of industry revenue.
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 growing at a CAGR of 0.4 % between 2020 and 2025.
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 industry in Australia?
The biggest companies operating in the Railway Equipment Manufacturing and Repair industry in Australia are HOCHTIEF Australia, Downer and Alstom Transport Australia Holdings
What does the Railway Equipment Manufacturing and Repair industry in Australia include?
Repair and maintenance services and Passenger trains and carriages are part of the Railway Equipment Manufacturing and Repair industry in Australia.
Which companies have the highest market share in the Railway Equipment Manufacturing and Repair industry in Australia?
The company holding the most market share in the Railway Equipment Manufacturing and Repair industry 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.
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