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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

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
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 - Starting a New Business Chapter

There are few barriers to entry into the trainers' side of this industry, although registration by a principal racing club or control body is required. For race clubs and courses significant barriers apply given the control of this industry by Principal race clubs and the need for a Crown land grant or approval by a control body to establish a racecourse/racetrack or q track.

It is difficult for a new clubs to create a worthy destination of race meets. Firms often have a sound history in the industry, and can therefore attract quality horses to their venues. This leads to strong sponsorship support and subsequent prize money. Newly established clubs cannot compete against this, as it is difficult to gain prominence without strong prize money... 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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