$1.6bn
$XXX.Xm
3,866
3,409
$XXX.Xm
The Horse Farming industry has grown in recent years, driven by climbing demand for thoroughbred horses, boosting sales and the average price paid per horse and service. However, the onset of the COVID-19 pandemic limited export demand and constrained racehorse trading and servicing operations. In addition, declining harness racing activity has reduced demand for standardbred horses over the past several years. Weaker demand for standardbred and other horses has recently hampered the industry’s performance. Overall, industry-wide revenue has been growing at an annualised 1.3% over the past five years and is expected to total $1.6 billion in 2023-24, when revenue will rise by an estimated 1.0%.
Industry revenue has grown at a CAGR of 1.3 % over the past five years, to reach an estimated $1.6bn in 2023.
Market size is projected to grow over the next five years.
Company | Market Share (%)
2024 | Revenue ($m)
2024 |
---|---|---|
Coolmore Stud | 60.7 | |
Godolphin Australia | 57.2 | |
Arrowfield Stud | 47.0 |
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Industry revenue is measured across several distinct product and services lines, including Thoroughbred services, Thoroughbred sales and Standardbred breeding and services. Thoroughbred services is the largest segment of the Horse Farming in Australia.
Rising investment by racehorse owners has recently led to a boom in thoroughbred sales
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.
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ANZSIC 0191 - Horse Farming in Australia
Get an indication of the industry's health through historical, current and forward-looking trends in the performance indicators that make or break businesses.
The Horse Farming industry is flourishing due to increased interest and investment in horse racing. Despite initial setbacks from the COVID-19 pandemic, online auctions and r...
Learn about an industry's products and services, markets and trends in international trade.
Thoroughbreds comprise a small portion of the total Australian horse population. However, thoroughbred operations can be extremely valuable, with the thoroughbred product seg...
Discover where business activity is most concentrated in an industry and the factors driving these trends to find opportunities and conduct regional benchmarking.
About 85% of horse farming establishments are located in New South Wales, Queensland and Victoria. These states have abundant flat areas with good natural rainfall or access ...
Get data and insights on what's driving competition in an industry and the challenges industry operators and new entrants may face, with analysis built around Porter's Five Forces framework.
Quality is the main competitive factor in the industry, particularly for operators that farm thoroughbreds. Bloodlines of studs and broodmares that involve previous race winn...
Learn about the performance of the top companies in the industry.
No company in the Horse Farming industry accounts for over 5.0% of industry revenue. The industry is highly fragmented and comprises many sole proprietors. However, some larg...
Understand the demographic, economic and regulatory factors that shape how businesses in an industry perform.
Horse farmers face strong regulatory pressures. Strict regulations govern breeding thoroughbreds and recording bloodlines, as this determines the value of foals.
View average costs for industry operators and compare financial data against an industry's financial benchmarks over time.
Cost structures widely vary among operators in the Horse Farming industry. Larger operators, like Godolphin, tend to have higher labour costs, as they operate larger farms an...
Including values and annual change:
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Key data sources in Australia include:
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The market size of the Horse Farming industry in Australia is $1.6bn in 2024.
There are 3,409 businesses in the Horse Farming industry in Australia, which has grown at a CAGR of 0.5 % between 2018 and 2023.
The market size of the Horse Farming industry in Australia has been growing at a CAGR of 1.3 % between 2018 and 2023.
Over the next five years, the Horse Farming industry in Australia is expected to grow.
The biggest companies operating in the Horse Farming market in Australia are Coolmore Stud, Godolphin Australia and Arrowfield Stud
Thoroughbred services and Thoroughbred sales are part of the Horse Farming industry.
The company holding the most market share in Australia is Coolmore Stud.
The level of competition is high and increasing in the Horse Farming industry in Australia.