Horse & Other Equine Production in the US - Industry Market Research Report

Horse & Other Equine Production in the US - Industry Market Research Report

  • April 2020 •
  • 38 pages •
  • Report ID: 198592 •
  • Format: PDF
Mane attraction: Increased exports will likely facilitate revenue growth

Abstract

Horse & Other Equine Production in the US
The Horse and Other Equine Production industry has grown modestly over the five years to 2019. 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 industry is forecast to grow slowly over the five years to 2024. Consumers with more spending money will attend horse races and take part in related activities such as gambling. These factors will enable racing facilities to generate more revenue, and, therefore, offer larger amounts of prize money to incentivize racers to participate. Racers will then demand more Thoroughbreds, which are known for their high-quality performance.

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.

This report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecasts, growth rates and an analysis of the industry key players and their market shares.
Loading...

We are very sorry, but an error occurred.
Please contact support@reportbuyer.com if the problem remains.