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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 | Sep 2015

Hold your horses: 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
$1bn
Annual Growth 11-16
-2.3%
Annual Growth 16-21
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Profit
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Employment
9,189
Businesses
1,801
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 Analysis Chapter

Players in the Horse and Dog Racing industry have struggled over the past five years due to falling racing attendances and the rising popularity of alternative forms of gambling. As a result, revenue has fallen yearly over this period. Industry participants operate in a unique environment and problems from one service segment can cause additional problems to operators in other segments.

Revenue and profitability

Industry revenue is estimated to fall at an annualised 2.3% over the five years through 2015-16 to total $1.5 billion. Racing attendances have trended downwards over the past five years and contributed to this revenue decline... 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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