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

IBISWorld’s Horse Farming market research report can be used to help you: understand market size and growth potential; major companies; draft business plans and pitch books; and conduct benchmarking and SWOT analysis. Our industry analysis highlights macro industry trends in the overall sector and micro trends faced by companies that do business in the industry. The industry report also provides key industry statistics and 5-year forecasts to anticipate future industry prospects so you can decide with confidence.


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 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 - Industry Key Buyers Chapter

The Horse Farming industry exhibits low market share concentration, with the industry's four largest operators accounting for substantially less than 40% of industry revenue. The industry is highly fragmented, with sole proprietors accounting for just under 80% of industry enterprises. While no individual operator holds a significant share of the overall industry, certain product segments are more concentrated than others. For example, the thoroughbred sales and thoroughbred services segments are dominated by larger farms like Godolphin, Arrowfield and Coolmore, while the standardbred breeding and services segment is much less concentrated. Over the past five years, overall industry concentration has remained largely stable.


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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 Performance

Executive Summary
Key External Drivers
Current Performance
Industry Outlook
Industry Life Cycle

Products & Markets

Supply Chain
Products & Services
Demand Determinants
Major Markets
International Trade
Business Locations

Competitive Landscape

Market Share Concentration
Key Success Factors
Cost Structure Benchmarks
Basis of Competition
Barriers to Entry
industry Globalisation

Major Companies

Operating Conditions

Capital Intensity
Technology & Systems
Revenue Volatility
Regulation & Policy
Industry Assistance

Key Statistics

Industry Data
Annual Change
Key Ratios

Jargon & Glossary

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