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Horse and Dog Racing in Australia: Market Research Report

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

Horse and Dog Racing Market Research Report | ANZSIC R9120 | Oct 2013

A slow race: Falling attendance and tighter regulations threaten revenue

The Horse and Dog Racing market research report provides key industry analysis and industry statistics, measures market size, analyzes current and future industry trends and shows market share for the industry’s largest companies. IBISWorld publishes the largest collection of industry reports so you can see an industry’s supply chain, economic drivers and key buyers and markets.

Report Snapshot
Industry Statistics & Market Size
Revenue
$2bn
Annual Growth 09-14
-2.9%
Annual Growth 14-19
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Profit
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Employment
14,189
Businesses
2,052
Industry Analysis & Industry Trends

Horse racing and greyhound racing are fixtures of Australian sporting culture. Horse racing is the only sport in Australia's athletically obsessed culture that warrants public holidays in various states, culminating in November's Melbourne Cup as the jewel of a $1.6 billion industry.

However, horse racing has been facing challenges from all angles over the past five years. In 2007-08, equine influenza (EI) hammered horse racing in Queensland and New South Wales, where a number of races were called off due to heavy quarantine restrictions. After months on the sidelines, racing returned to normal. By March 2008, Australia was declared EI-free. Consequently, the industry began to recover... purchase to read more

Industry Report - Industry SWOT Analysis Chapter

The industry is in a stage of decline, as the falling interest in racing, low returns and prize money continues to haunt organisations involved. These has been due in large part to declining racecourse attendances, and to growing non-racing gambling opportunities. The crash caused by EI has helped further this decline. As a result of these negative circumstances, consolidation is common, as smaller courses close due to an inability to generate sufficient profit.

There are also concerns about the quality of horses available to run in coming years. The breeding and transport restrictions necessitated by EI mean that the quality of thoroughbred foals was poor for a couple of years, potentially hurting attendance... purchase to read more

 


Industry ProductsRelated ReportsTable of Contents

What is the Horse and Dog Racing Industry?

Horse and dog racing operators run racing and training facilities. Horse racing includes racing horses that are ridden or pull a vehicle. Breeding, wagering and other ancillary services are not included in the industry.

Industry Products
Animal ownershipAnimal trainingClub and track ownershipRacing authority operation
 
Industry Activities
Dog training for racingGreyhound trainingRacecourse or track operation Racehorse trainingRacing stables operationRacing kennels operationTrotting club operation


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