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

  • December 2016
  • 37 pages
  • Ibisworld
Report ID: 198592

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



Abstract

Horse & Other Equine Production in the US

The Horse and Other Equine Production industry has grown moderately over the five years to 2016; the recession negatively impacted revenue prior to the current five-year period and its lasting effects resulted in significant revenue losses in 2012. While the industry has grown since 2012, it is not expected to recover to prerecessionary levels. Revenue is anticipated to remain stagnant over the five years to 2016. The trend is mainly attributed to the drop in big-ticket purchases in 2012, but the industry has also been negatively affected by less participation overall in horse-racing activities. The industry is forecast to grow slowly but consistently over the five years to 2021 due to further recovery in consumer disposable income, which will prompt increased demand for these discretionary purchases.

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.



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International Reports

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