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 | Sep 2015

Hold your horses: Industry revenue has been declining due to flat attendance numbers

IBISWorld’s Horse and Dog Racing 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
Industry Statistics & Market Size
Annual Growth 11-16
Annual Growth 16-21
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Industry Analysis & Industry Trends

Horseraces and greyhound races are fixtures of Australia's sporting culture and the Melbourne Cup is the highlight of a $1.5 billion industry. However, industry participants have faced challenges over the past five years. Stagnant racing attendances and rising interest in alternative forms of gambling have affected industry players over this period. Racegoers have tended to splash out at marquee events during the Melbourne Spring Racing Carnival, such as the Melbourne Cup. However, ticket sales and revenue from non-event based thoroughbred, harness and greyhound races have declined... purchase to read more

Industry Report - Industry Key Buyers Chapter

The industry displays a low level of market share concentration. In 2015-16, the industry's four largest players are estimated to account for just under 40% of total revenue. The size of industry participants can vary significantly depending on their main operations. The industry's largest players are principal racing authorities and large race clubs. However, other racetrack and race club owners, particularly in small country towns and regions with smaller populations, typically generate far less revenue than these major players. Several professional animal trainers dominate the industry's training segment. Smaller scale trainers generally operate as non-employing sole proprietors and receive little to no prize money... purchase to read more


Industry ProductsRelated ReportsTable of Contents

What is the Horse and Dog Racing Industry?

Companies in the industry administer horse and dog racing activities, or operate horse and dog racing venues. Firms that 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 kennel operationRacing stable operation

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