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Horse & Other Equine Production in the US: Market Research Report

Market Research • Market Size • Industry Statistics • Industry Analysis • Industry Trends

Horse & Other Equine Production Market Research Report | NAICS 11292 | Dec 2015

Saddling up: Increased disposable incomes will boost spending on race and recreational horses

IBISWorld’s Horse & Other Equine Production market research report is a comprehensive guide to market size and growth prospects. Our industry reports offer strategic industry analysis of the factors influencing companies, including new product developments, economic, lifestyle and demographic influences, distribution and supply chain factors and pricing issues. Full analysis accompanies our data forecasts to illustrate how the market responds to emerging industry trends.

Report Snapshot
Market Share of Companies
There are no companies with a dominant market share
Industry Statistics & Market Size
Revenue
$2bn
Annual Growth 11-16
0.0%
Annual Growth 16-21
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Profit
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Employment
180,046
Businesses
173,917
Industry Analysis & Industry Trends

Changes in downstream demand for the animals and services that this industry provides will be the major factor contributing to growth in industry revenue over the next five years. Economic growth will play a key role in stimulating demand in downstream industries, as will participation levels in equestrian sports. A return to growth in disposable income is forecast to boost investment in racehorses, spending at race tracks and purchases of horses for recreational use by consumers... purchase to read more

Industry Report - Industry Analysis Chapter

Although the Horse and Other Equine Production industry was growing, any progress was stamped out during and following the recession. Downstream demand is largely determined by disposable income, activity in the horse racing industry, popularity of horses for recreation as well as export activity. When disposable income plummeted during the recession, consumers became less willing to purchase these animals, which represent a considerable expense for both the casual rider and competing professional. Thus, demand fell, causing revenue to plunge in 2009 and continue to drop through 2012. Though growth has resumed slightly, the industry has yet to recover. Revenue is expected to fall 2.4% per year on average to $1.6 billion in the five years to 2015... purchase to read more

 


Industry ProductsRelated ReportsTable of Contents

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 equinesRecreational HorsesShow horsesRacehorses
 
Industry Activities
Producing and raising burrosProducing and raising donkeysProducing and raising horsesProducing and raising mulesProducing and raising ponies


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