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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 2014

A slow race: 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
Revenue
$2bn
Annual Growth 10-15
-4.1%
Annual Growth 15-20
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Profit
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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 - Starting a New Business Chapter

Overall barriers to entry in the industry are medium and this level has remained steady over the past five years. However, entry barriers can vary significantly depending on the main services that participants provide. For example, there are few entry barriers to become an animal trainer, although principal racing authorities or controlling bodies must register any new trainers. Greater barriers exist for race club operators, as racing authorities must approve the new club, and acquiring the land necessary to establish racetracks can also be extremely difficult. In addition, prospective race clubs may struggle to provide large enough prize money incentives to attract prestigious owners and trainers... 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


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