Hot to trot: Higher thoroughbred horse prices have supported industry revenue growth

IBISWorld’s Horse Farming market research report offers insightful industry analysis and research into the market at the national level. IBISWorld’s in-depth industry market research is presented in a logical and consistent format. The industry report contains key industry statistics, market size, industry trends, and growth and profit forecasts for a 5-year outlook period.


Market Share of Companies
There are no companies with a dominant market share in this industry
Industry Statistics & Market Size
Annual Growth
2012 - 2017
Annual Growth
2017 - 2022

Industry Threats & Opportunities

  • Rising thoroughbred horse prices have supported strong industry growth over the past five years
  • The industry is becoming more reliant on thoroughbred horse farming activity
  • Industry growth is anticipated to be reduced by falling demand from horse racing markets

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    Industry Analysis & Industry Trends

    The Horse Farming industry has grown strongly over the past five years, with increased demand for thoroughbred horses boosting the average price paid per horse and service over the period. Rising thoroughbred horse prices have supported strong industry growth. In addition, export earnings have increased as a share of revenue over the past five years due to rising overseas demand. However, declining harness racing activity has reduced demand for standardbred horses over the past five years. Demand for workhorses, such as the Australian stock horse, has also declined in line with rising use of technology on farms and worksites. Weaker demand for standardbred and other horses has limited industry growth over the past five years...

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    Industry Report - Starting a New Business Chapter

    The Horse Farming industry is characterised by moderate barriers to entry, and these are expected to have remained relatively steady over the past five years. The industry's barriers to entry vary among the product segments. For those attempting to breed horses, the risk to entry is the three-year lag between the investment in the stallion and the stallion producing offspring. Costs incurred in those three years are high. However, it has become easier for small investors to combine and purchase shares in stud farms, or shares in stallions or broodmares. These pressures are less intense for low-quality horses, as the price to purchase a standardbred stallion is much lower.


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    Additional Insights for the Horse Farming Industry

    IBISWorld identifies 250 Key Success Factors for a business.The most important for the Horse Farming Industry are

  • Access to high quality inputs
  • Management of seasonal production
  • Market research and understanding
  • IBISWorld analysts also discuss how external factors such as Demand from horse and dog racing and Trade-weighted index in the Horse Farming industry impact industry performance..

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    Industry Products

    What is the Horse Farming Industry?

    The industry engages in horse farming, which includes breeding thoroughbreds, standardbreds and other horse breeds. Thoroughbred and standardbred horses are mainly sold to trainers for the purpose of horse and harness racing, while other breeds are generally sold to the public for recreational purposes. Industry operators also offer agistment services.

    Industry Products
    Thoroughbred services
    Thoroughbred sales
    Standardbred breeding and services
    Other horses and services
    Industry Activities
    Horse agistment services
    Thoroughbred horse breeding
    Standardbred horse breeding
    stud farms (horses)
    Other horse breeding

    Table of Contents

    About this Industry
    Industry Definition
    Main Activities
    Similar Industries
    Additional Resources
    Industry at a Glance
    Industry Statistics Snapshot
    Industry Structure
    Executive Summary
    Industry Performance
    Executive Summary
    Key External Drivers
  • Demand from horse and dog racing
  • Trade-weighted index
  • Real household discretionary income
  • Domestic price of wheat feed

  • Current Performance
  • Revenue and profitability
  • Differing fortunes
  • International trade
  • Hunter Valley battle
  • Chart: Revenue Growth

  • Industry Outlook
  • Revenue and profitability
  • Industry structure
  • International trade
  • Gambling enquiry
  • Table: Horse Farming Industry Revenue Outlook

  • Industry Life Cycle
  • Life cycle reasons
  • Chart: Benchmarking - Horse Farming Industry Lifecycle vs The Economy

  • Products & Markets
    Supply Chains
    Key Buying Industries
  • Horse and Dog Racing

  • Key Selling Industries
  • Cereal Grain Wholesaling
  • Grain Growing
  • Hay and Other Crop Growing
  • Veterinary Services

  • Products & Services
  • Thoroughbred sales
  • Thoroughbred services
  • Other horses and services
  • Standardbred breeding and services
  • Chart: Horse Farming Industry Products and Services Segmentation

  • Demand Determinants
    Major Markets
  • Thoroughbred racehorse owners
  • Export markets
  • Leisure, sporting and workhorse owners
  • Other thoroughbred breeders
  • Harness horse owners
  • Chart: Major Market Segmentation for the Horse Farming Industry

  • International Trade
    Business Locations
    Chart: Business Locations by State
    Competitive Landscape
    Market Share Concentration
    Key Success Factors
    Cost Structure Benchmarks
  • Profit
  • Purchases
  • Wages
  • Other
  • Chart: Cost Structure Benchmarking – Sector vs Horse Farming

  • Basis of Competition
  • Internal competition
  • External competition

  • Barriers to Entry
  • Table: Barrier to Entry Checklist for the Horse Farming Industry

  • Industry Globalization
    Major Companies
    There are no major players in this industry
    Operating Conditions
    Capital Intensity
  • Chart: Level of Capital Intensity for the Horse Farming Industry
  • Chart: Tools of the Trade: Growth Strategies for Success

  • Technology & Systems
    Revenue Volatility
  • Chart: Volatility vs Industry Growth

  • Regulation & Policy
    Industry Assistance
    Key Statistics
    Table: Industry Data for the Horse Farming Industry
  • Industry Revenue (2008-2022)
  • Industry Gross Product (2008-2022)
  • Establishments (2008-2022)
  • Businesses (2008-2022)
  • Employment (2008-2022)
  • Exports (2008-2022)
  • Imports (2008-2022)
  • Wages (2008-2022)

  • Table: Annual Percentage Change for Key Industry Data
    Table: Key Ratios for Industry Key Data
    Jargon & Glossary
  • The action of a farm keeping a horse owned by someone else on their property to feed and lodge for a fee.
  • Broodmare
  • An adult female horse used for breeding.
  • Equine Influenza
  • A highly contagious viral disease for horses.
  • Shuttle Stallions
  • Stallions used for breeding in both the southern and northern hemispheres.
  • Sire
  • A male horse used for breeding, these are typically called a stallion.
  • Standardbred
  • A breed of horse best known for its use in harness racing.
  • Thoroughbred
  • A breed of horse best known for its use in horse racing.
  • Wagering
  • The act of betting.
  • Yearling
  • A yearling is a young horse of either sex that is between one and two years old.
  • Why buy this report?

    IBISWorld industry market research reports enable you to:
    • Find out about key industry trends
    • Identify threats and opportunities
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    • Quickly build competitive intelligence
    This report on Horse Farming:
    • Provides Market Size information to assist with planning and strategic decisions.
    • Includes the necessary information to perform SWOT, PEST and STEER analysis.
    • Helps you understand market dynamics to give you a deeper understanding of industry competition and the supply chain.
    • Analyses key performance and operational metrics so that you can benchmark against your own business, that of your customers’ businesses, or your competitors’ businesses.
    The Horse Farming market research report includes:
    • Historical data and analysis for the key drivers of this industry
    • A five-year forecast of the market and noted trends
    • Detailed research and segmentation for the main products and markets
    • An assessment of the competitive landscape and market shares for major companies
    • And of course, much more

    IBISWorld reports on thousands of industries around the world. Our clients rely on our information and data to stay up-to-date on industry trends across all industries. With this IBISWorld Industry Research Report on Horse Farming, you can expect thoroughly researched, reliable and current information that will help you to make faster, better business decisions.

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