SEARCH   
MEMBER LOGIN    

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
Add to Cart
Profit
Add to Cart
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 Analysis Chapter

The industry has struggled significantly over the past five years due to stagnant racing attendances and the rising popularity of alternative forms of gambling. As a result, revenue has fallen year to year over this period. Industry participants operate in a unique environment and problems from one service segment can easily be passed on to operators in other segments. The occurrence of EI in August 2007 has also continued to plague the industry over the past five years.

Revenue and profitability

Industry revenue is estimated to fall at an annualised 4.1% over the five years through 2014-15, to reach $1.5 billion. Growth in racing attendances has been very sluggish and has contributed to this decline... 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


View Sample
Quote
Select Clients