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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 provides the latest industry statistics and industry trends, allowing you to identify the products and customers driving revenue growth and profitability. The industry report identifies the leading companies and offers strategic industry analysis of the key factors influencing the market.

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 - Industry Key Buyers Chapter

The industry's largest players are the industry's largest racing authorities and the large race clubs in New South Wales and Victoria. The training area is dominated by a few professional trainers. Most trainers receive little or no prize money.

Racing groups vary greatly in size, from the larger metropolitan clubs at one extreme, to the picnic race clubs and tracks that only hold one or two meetings per year and operate on a voluntary basis. In an effort to consolidate gains from TAB payments since the EI scare, there has been a rush of consolidation, as small, rural groups face closure.

The industry is primarily operated by small businesses. Only 3.0% of operators will earn over $500,000 per annum... 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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