Gone to the dogs: Weak demand conditions are forcing smaller operators out of the industry

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.


Industry Analysis & Industry Trends

Horse and greyhound races are fixtures of Australia's sporting culture and the annual Melbourne Cup is the highlight of the Horse and Dog Racing industry. However, industry participants have faced challenges over the past five years. Stagnant racing attendance numbers and rising interest in alternative forms of entertainment and gambling have affected industry operators over the period. Racegoers have continued to splash out at marquee events, such as the Melbourne Spring Racing Carnival. However, ticket sales and revenue from other thoroughbred, harness and greyhound races have declined over the past five years...

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Industry Report - Industry Products Chapter

Industry players offer a diverse range of services. Racing authority, racing board, racecourse and racetrack operations are included in the industry, and large clubs and companies typically undertake these activities. Individuals can also operate in the industry as race dog and racehorse owners and trainers. Industry services are divided based on the proportion of revenue that each segment generates.

Racing authority operation

Racecourse licence boards exist under specific state racing and gaming acts that license race clubs and specify the number of race meetings that can be held at each racecourse annually. Racing authorities include Racing Victoria, Racing Queensland and the Australian Turf Club. The..

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Industry Products

What is the Horse and Dog Racing Industry?

Companies in the industry administer horse and dog racing activities, or operate horse and dog racing venues. Firms that 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 operation
Racehorse and race dog ownership
Racetrack and race club operation
Racehorse and race dog training
Industry Activities
Dog racecourse or racetrack operation
Horse racecourse or racetrack operation
Racing authority or board operation
Race dog ownership
Racehorse ownership
Race dog training
Racehorse training
Racing kennel operation
Racing stable operation

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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