The longer-term outlook is buoyant fueled by Australia’s ramp-up of its migration program. Beginning at the end of 2022 until 2023, Australia’s migrant intake program aims to reach approximately 300,000. This will level out to approximately 250,000 per annum from 2023 to 2028 and will contribute significantly to the future demand for passenger, freight, and heavy haul rail services. Accordingly, whilst the Australian rail sector was valued at approximately $AUD54 billion in 2021, the value of the rail market is expected to grow at a compound annual growth rate (CAGR) of 6.90% to the year 2028.
This would value the Australian rail market at approximately $AUD77 billion in 2028. There is a mix of large rail projects currently being undertaken across Australia. These projects may offer Swiss-based companies operating in the rail and rail-related market sectors business opportunities. This would include potential supply arrangements or partnering.
