Mane attraction: Increased demand and disposable incomes will facilitate industry revenue growth

Downstream demand for horses is mainly dependent on household disposable income, activity in the horse racing industry and the popularity of horses for recreation. Along these lines, trends surrounding horse ownership and unwanted horses have caused concern for industry operators in recent years. However, several positive trends including strong millennial participation in recreational equine activities have worked to mitigate potential losses. The Horse and Other Equine Production industry is forecast to grow slowly over the five years to 2023. Consumers with more spending money will attend horse races and take part in related activities such as gambling...purchase to read more.

Industry Statistics & Market Size
Annual Growth 13-18
Forecast Growth 18-23
Market Share of Companies
There are no companies with a dominant market share in this industry

Industry Threats & Opportunities

  • Increased consumer demand and exports will facilitate revenue growth
  • Increasing profitability has attracted new entrants into the industry
  • During the five-year period, continued economic growth will cause disposable income to rise
  • Industry Report - Industry Investment Chapter

    The Horse and Other Equine Production industry has a moderate to high level of capital intensity. This industry’s level of capital intensity is measured by using its overall estimated wage bill as a proxy for labor and its average level of depreciation as a proxy for capital. Through this, IBISWorld finds that for every dollar spent on labor, the average industry operator will spend $0.54 on capital goods and equipment. However, the level of capital employed in horse and other equine farming varies between different segments of the industry.For facilities that breed high-performance horses, especially racehorses, the level of capital intensity can be high. The...purchase to read more.

    Additional Insights for the Horse & Other Equine Production Industry

    IBISWorld identifies 250 Key Success Factors for a business.The most important for the Horse & Other Equine Production Industry are

  • Locating close to key suppliers
  • Locating close to key markets
  • Production of premium horses
  • IBISWorld analysts also discuss how external factors such as Demand from racing and individual sports and Per capita disposable income in the Horse & Other Equine Production industry impact industry performance..

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    What's in this report

    What is the Horse & Other Equine Production Industry?

    Establishments in this industry breed and raise horses, mules, donkeys and other equines (mammals belonging to the Equidae family) for transportation, racing events, rodeo competitions and other recreational sports. These establishments are commonly referred to as ranches, farms or studs.

    Industry Products
  • Other horses and equines
  • Recreational Horses
  • Show horses
  • Racehorses
  • Industry Activities
  • Producing and raising burros
  • Producing and raising donkeys
  • Producing and raising horses
  • Producing and raising mules
  • Producing and raising ponies
  • Table of Contents

    Industry Definition
    Main Activities
    Similar Industries
    Additional Resources
    Industry Statistics Snapshot
    Industry Structure
    Executive Summary
    Executive Summary
    Key External Drivers
  • Demand from racing and individual sports
  • Per capita disposable income
  • Consumer Confidence Index
  • Price of feed
  • Trade-weighted index
  • Time spent on leisure and sports

  • Current Performance
  • Racing and the Triple Crown
  • Profit and industry participation
  • International trade
  • Chart: Revenue Growth

  • Industry Outlook
  • Turnaround in horse racing
  • Profit
  • Trade conditions
  • Table: Horse & Other Equine Production Industry Revenue Outlook

  • Industry Life Cycle
  • Life cycle reasons
  • Chart: Benchmarking - Horse & Other Equine Production Industry Lifecycle vs The Economy

  • Supply Chains
    Key Buying Industries
  • Agriculture, Forestry, Fishing and Hunting
  • Cattle & Hog Wholesaling
  • Racing & Individual Sports

  • Key Selling Industries
  • Agriculture, Forestry, Fishing and Hunting
  • Corn, Wheat & Soybean Wholesaling
  • Farm Supplies Wholesaling
  • Farm, Lawn & Garden Equipment Wholesaling
  • Livestock Production Support Services
  • Tractors & Agricultural Machinery Manufacturing
  • Veterinary Services

  • Products & Services
  • Recreational Horses
  • Show horses
  • Racehorses
  • Other horses and equines
  • Chart: Horse & Other Equine Production Industry Products and Services Segmentation

  • Demand Determinants
  • Racehorse demand
  • Export demand
  • Breeding demand
  • Other equine demand

  • Major Markets
  • Horses for farms
  • Horses for personal use
  • Exports
  • Horses for boarding
  • Horses for breeding
  • Other
  • Horses for riding stables
  • Chart: Major Market Segmentation for the Horse & Other Equine Production Industry

  • International Trade
    Business Locations
    Chart: Business Locations by State
    Market Share Concentration
    Key Success Factors
    Cost Structure Benchmarks
  • Profit
  • Purchases
  • Wages
  • Other costs
  • Chart: Cost Structure Benchmarking – Sector vs Horse & Other Equine Production

  • Basis of Competition
    Internal competitionExternal competition
    Barriers to Entry
  • Table: Barrier to Entry Checklist for the Horse & Other Equine Production Industry

  • Industry Globalization
    There are no major players in this industry. This report includes analysis of other companies.
    Capital Intensity
  • Chart: Level of Capital Intensity for the Horse & Other Equine Production Industry
  • Chart: Tools of the Trade: Growth Strategies for Success

  • Technology & Systems
    Revenue Volatility
  • Chart: Volatility vs Industry Growth

  • Regulation & Policy
    Industry Assistance
    Table: Industry Data for the Horse & Other Equine Production Industry
  • Industry Revenue (2009-2023)
  • Industry Gross Product (2009-2023)
  • Establishments (2009-2023)
  • Businesses (2009-2023)
  • Employment (2009-2023)
  • Exports (2009-2023)
  • Imports (2009-2023)
  • Wages (2009-2023)
  • Per Capita Disposable Income (2009-2023)

  • Table: Annual Percentage Change for Key Industry Data
    Table: Key Ratios for Industry Key Data
    Table: Industry Financial Ratios
    Environmental Quality Incentives Program
  • A federal government program where farmers can obtain access to funding, advice and education services for addressing resource issues.
  • Equine
  • An animal of the Equidae family, or horse family.
  • Foal
  • A baby horse or equine
  • Horsetrak
  • A proprietary software technology that monitors and records a horse's health.
  • Stud
  • An establishment or farm where horses are kept for breeding or a group of broodmares and stallions kept for breeding.
  • What Our Customers Say

    Why buy this report?

    The Horse & Other Equine Production Industry Research Report measures market size, analyses current and future trends, and provides an indication of market share for the industry’s largest companies. IBISWorld’s collection of industry market research reports gives you insightful, up-to-date information on the supply chains, economic drivers, and key buyers and markets for hundreds of industries.

    IBISWorld industry market research reports enable you to:
    • Find out about key industry trends
    • Identify threats and opportunities
    • Inform your decisions for marketing, strategy and planning
    • Quickly build competitive intelligence
    This report on Horse & Other Equine Production:
    • Provides Market Size information to assist with planning and strategic decisions.
    • Includes the necessary information to perform SWOT, PEST and STEER analysis.
    • Helps you understand market dynamics to give you a deeper understanding of industry competition and the supply chain.
    • Analyses key performance and operational metrics so that you can benchmark against your own business, that of your customers’ businesses, or your competitors’ businesses.
    The Horse & Other Equine Production market research report includes:
    • Historical data and analysis for the key drivers of this industry
    • A five-year forecast of the market and noted trends
    • Detailed research and segmentation for the main products and markets
    • An assessment of the competitive landscape and market shares for major companies
    • And of course, much more

    IBISWorld reports on thousands of industries around the world. Our clients rely on our information and data to stay up-to-date on industry trends across all industries. With this IBISWorld Industry Research Report on Horse & Other Equine Production, you can expect thoroughly researched, reliable and current information that will help you to make faster, better business decisions.

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