High horse: Profitability has increased due to strong rises in thoroughbred sale prices

The Horse Farming industry has strongly grown 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 industry 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. Weaker demand for standardbred and other horses has limited industry growth over the past five years. Despite this, industry revenue is expected to grow at an annualised 4.2% over the five years through 2018-19, to reach $1.3 billion. This includes expected growth of 0.8% in the current year...read more.

Industry Statistics & Market Size
Annual Growth 14-19
Forecast Growth 19-24
Market Share of Companies
There are no companies with a dominant market share in this industry

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
  • Exports are projected to increase as a share of industry revenue over the next five years
  • Industry Report - Industry Locations Chapter

    The Horse Farming industry is dominated by New South Wales, Queensland and Victoria, with these states accounting for over 80% of industry participants. New South Wales and Victoria, in particular, have an abundance of flat areas with good natural rainfall or access to irrigation water, which is crucial for horse farming.Many of the best breeding stocks, especially thoroughbred stallions, are in the Upper Hunter region of New South Wales. Consequently, the number of operators in New South Wales outweighs its share of the national population. Queensland, home to the Magic Millions auctions, holds a large share of the national thoroughbred stallion population. Sev...purchase to read more.

    Additional Insights for the Horse Farming Industry

    IBISWorld has determined the most important Key Success Factors for the Horse Farming 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..

    shopping_cartPURCHASE OPTIONS

    Look under the hood?

    Download a FREE sample report

    Top 500 Companies List
    has been released

    Click here for more

    What's in this report

    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

    Industry Definition
    Main Activities
    Similar Industries
    Additional Resources
    Industry Statistics Snapshot
    Industry Structure
    Executive Summary
    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
  • Table: Horse Farming Industry Revenue Outlook

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

  • 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
    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
    There are no major players in this industry. This report includes analysis of other companies.
    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
    Table: Industry Data for the Horse Farming Industry
  • Industry Revenue (2010-2024)
  • Industry Gross Product (2010-2024)
  • Establishments (2010-2024)
  • Businesses (2010-2024)
  • Employment (2010-2024)
  • Exports (2010-2024)
  • Imports (2010-2024)
  • Wages (2010-2024)

  • Table: Annual Percentage Change for Key Industry Data
    Table: Key Ratios for Industry Key Data
  • 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.
  • 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.
  • Yearling
  • A yearling is a young horse of either sex that is between one and two years old.
  • What Our Customers Say

    Why buy this report?

    IBISWorld’s Horse Farming 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.

    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 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.

    Contact Us

    Want to speak to a representative? Call us.