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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 2016

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

IBISWorld’s Horse and Dog Racing 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.

Report Snapshot
Industry Statistics & Market Size
Revenue
$1bn
Annual Growth 12-17
-2.0%
Annual Growth 17-22
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Profit
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Employment
8,996
Businesses
1,853
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... purchase to read more

Industry Report - Industry Investment Chapter

The Horse and Dog Racing industry is characterised by a medium level of capital intensity. For every dollar paid as wages, an estimated $0.21 is spent on capital investment. Like most aspects of the industry, capital investment requirements vary significantly depending on participants' main operations. Racing authorities are generally more labour-intensive as staff are required to liaise with race clubs and betting agencies.

Race clubs typically have large capital outlays to establish racetracks, stables, stands and facilities. However, they also have significant direct labour involvement as staff are required to maintain courses, manage race day operations, serve food and beverages, and complete other administrative tasks... purchase to read more

 


Industry ProductsRelated ReportsTable of Contents

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 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 kennel operationRacing stable operation


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