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

The Horse and Dog Racing market research report provides key industry analysis and industry statistics, measures market size, analyzes current and future industry trends and shows market share for the industry’s largest companies. IBISWorld publishes the largest collection of industry reports so you can see an industry’s supply chain, economic drivers and key buyers and markets.


Industry Threats & Opportunities

  • Rising interest in alternative gambling and entertainment has reduced industry revenue
  • Several Australian trainers were involved in illegal administering of cobalt to their horses
  • Poor thoroughbred, harness and greyhound racing attendance is forecast to reduce industry revenue

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    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 SWOT Analysis Chapter

    The Horse and Dog Racing industry is in the decline stage of its life cycle. Race attendances have declined over the past five years, and industry players rely on marquee events in the Spring Racing Carnival such as Derby Day and the Melbourne Cup to bolster attendances. The popularity of racing outside of these events, particularly harness and greyhound racing, has fallen steadily over the period and contributed to the industry’s decline.

    Industry value added (IVA), which measures an industry’s contribution to the overall economy, is forecast to decline at an annualised 1.7% over the 10 years through 2021-22. This represents a significant underperformance of overall GDP, which is projected to rise at an annualised 2.6% over the same period. Thi..

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    Additional Insights for the Horse and Dog Racing Industry

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

  • Ability to attract local support/patronage
  • Having a high profile in the market
  • Having a good technical knowledge of the product
  • IBISWorld analysts also discuss how external factors such as Demand from gambling activities and Average weekly hours worked in the Horse and Dog Racing industry impact industry performance..

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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 Statistics Snapshot
    Industry Structure
    Executive Summary
    Industry Performance
    Executive Summary
    Key External Drivers
  • Demand from gambling activities
  • Average weekly hours worked
  • Horseracing attendances
  • Per capita gambling expenditure

  • Current Performance
  • Revenue and profitability
  • Industry structure
  • Cobalt scandal
  • Greyhound racing inquiry
  • Chart: Revenue Growth

  • Industry Outlook
  • Revenue and profitability
  • Gambling revenue
  • Consolidation
  • Table: Horse and Dog Racing Industry Revenue Outlook

  • Industry Life Cycle
  • Life cycle reasons
  • Chart: Benchmarking - Horse and Dog Racing Industry Lifecycle vs The Economy

  • Products & Markets
    Supply Chains
    Key Buying Industries
  • Horse Farming
  • Horse and Sports Betting
  • Free-to-Air Television Broadcasting
  • Pay Television

  • Key Selling Industries
  • Horse Farming
  • Pet Breeding and Other Livestock Farming
  • Veterinary Services

  • Products & Services
  • Racing authority operation
  • Racehorse and race dog ownership
  • Racetrack and race club operation
  • Racehorse and race dog training
  • Chart: Horse and Dog Racing Industry Products and Services Segmentation

  • Demand Determinants
    Major Markets
  • Betting agencies
  • Racetracks and race clubs
  • Racehorse and race dog owners
  • Other
  • Animal breeders
  • Chart: Major Market Segmentation for the Horse and Dog Racing Industry

  • International Trade
    Business Locations
    Chart: Business Locations by State
    Competitive Landscape
    Market Share Concentration
    Key Success Factors
    Cost Structure Benchmarks
  • Chart: Cost Structure Benchmarking – Sector vs Horse and Dog Racing

  • Basis of Competition
  • Internal competition
  • External competition

  • Barriers to Entry
  • Table: Barrier to Entry Checklist for the Horse and Dog Racing Industry

  • Industry Globalization
    Major Companies
    Victoria Racing Club LimitedRacing and Wagering Western AustraliaRacing Victoria LimitedQueensland All Codes Racing Industry BoardAustralian Turf Club Limited
  • Table: Victoria Racing Club Limited - financial performance
  • Table: Racing and Wagering Western Australia - financial performance
  • Table: Racing Victoria Limited - financial performance
  • Table: Queensland All Codes Racing Industry Board - financial performance
  • Table: Australian Turf Club Limited - financial performance

  • Operating Conditions
    Capital Intensity
  • Chart: Level of Capital Intensity for the Horse and Dog Racing 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 and Dog Racing Industry
  • Industry Revenue (2008-2022)
  • Industry Gross Product (2008-2022)
  • Establishments (2008-2022)
  • Businesses (2008-2022)
  • Employment (2008-2022)
  • Wages (2008-2022)

  • Table: Annual Percentage Change for Key Industry Data
    Table: Key Ratios for Industry Key Data
    Jargon & Glossary
    Golden Slipper
  • The richest race for two-year-old-horses, held in New South Wales and hosted by the Sydney Turf Club.
  • Microgram
  • A unit of mass equivalent to one billionth of a kilogram or one thousandth of a milligram.
  • Totalisator
  • The computerised system that runs bets and calculates pay-off odds. Gamblers are offered totalisator sports betting on various major Australian and international sporting events.
  • Why buy this report?

    IBISWorld industry market research reports enable you to:
    • Find out about key industry trends
    • Identify threats and opportunities
    • Inform your decisions for marketing, strategy and planning
    • Quickly build competitive intelligence
    This report on Horse and Dog Racing:
    • 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 and Dog Racing 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 and Dog Racing, you can expect thoroughly researched, reliable and current information that will help you to make faster, better business decisions.

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