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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 2014

A slow race: Industry revenue has been declining due to flat attendance numbers

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 10-15
-4.1%
Annual Growth 15-20
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Profit
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Employment
9,506
Businesses
1,752
Industry Analysis & Industry Trends

Horseraces and greyhound races are fixtures of Australia's sporting culture. Horseracing is the only sport that warrants public holidays in various states, culminating in November's Melbourne Cup, the jewel of a $1.5 billion industry. However, industry participants have faced an array of challenges over the past five years. In August 2007, equine influenza (EI) threatened thoroughbred horseracing in Queensland and New South Wales, where several races were called off due to heavy quarantine restrictions. Although EI occurred outside the current five-year period, its after-effects have had a lasting impact on the industry.

Stagnant racing attendances and a rising interest in alternative forms of gambling have also affected the industry over the past five years... purchase to read more

Industry Report - Industry Products Chapter

The industry has a range of services due to the diverse nature of its operations. Racing authority, board, racecourse and racetrack operation are included in the industry, and large clubs and companies typically undertake these activities. Individuals can also operate in the industry as race dog and racehorse owners and trainers. Industry services are divided based on the proportion of revenue that each segment is anticipated to generate.

Racing authority operation

Racecourse Licence Boards exist under specific state racing and gaming acts, which license race clubs and specify the number of race meetings that can be held annually at each racecourse... purchase to read more

 


Industry ProductsRelated ReportsTable of Contents

What is the Horse and Dog Racing Industry?

Companies in the industry mainly administer horse and dog racing activities, or operate horse and dog racing venues. Firms that mainly operate horseracing stables or dog racing kennels, own racehorses or greyhounds, or provide related training services are also included in the industry.

Industry Products
Racing authority operationRacehorse and race dog ownershipRacetrack and race club operationRacehorse and race dog training
 
Industry Activities
Dog racecourse or racetrack operationHorse racecourse or racetrack operationRacing authority or board operationRace dog ownershipRacehorse ownershipRace dog trainingRacehorse trainingRacing kennels operationRacing stables operation


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