Horse & Other Equine Production in the US
Downstream demand for horses is mainly dependent on household disposable income, activity in the horse racing industry and the popularity of horses for recreation. Along these lines, trends surrounding horse ownership and unwanted horses have caused concern for industry operators in recent years. However, several positive trends including strong millennial participation in recreational equine activities have worked to mitigate potential losses. The Horse and Other Equine Production industry is forecast to grow slowly over the five years to 2023. Consumers with more spending money will attend horse races and take part in related activities such as gambling.
Establishments in this industry breed and raise horses, mules, donkeys and other equines (mammals belonging to the Equidae family) for transportation, racing events, rodeo competitions and other recreational sports. These establishments are commonly referred to as ranches, farms or studs.
This report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecasts, growth rates and an analysis of the industry key players and their market shares.
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