GITNUX MARKETDATA REPORT 2024

Must-Know Equine Industry Statistics [Latest Report]

Highlights: The Most Important Equine Industry Statistics

  • The global equine industry is valued at approximately $300 billion.
  • The United States is home to over 7.2 million horses.
  • Approximately 4.6 million Americans are directly involved in the equine industry.
  • The equine industry contributes about $50 billion annually to the US economy.
  • In Europe, the horse sector generates over €100 billion in annual revenue.
  • The United Kingdom equine industry is worth over £8 billion annually.
  • Horse racing generates over $115 billion worldwide in annual revenues.
  • In 2020, the global equestrian clothing market was valued at $2.69 billion.
  • The global equestrian equipment market is expected to reach $2.53 billion by 2028.
  • The global horse riding apparel market is expected to grow at a CAGR of 3.5% from 2021 to 2028.
  • Thoroughbred horse sales reached a record $1.45 billion in 2019.
  • The world’s most valuable horse, Fusaichi Pegasus, was sold for $70 million in 2000.
  • The equine industry in the United States contributes $122 billion in total economic impact.
  • There are approximately 3.3 million horseback riders in the United States.

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The equine industry is a multi-billion dollar global enterprise, with an estimated value of $300 billion. There are more than 60 million horses across the world and over 7.2 million in the United States alone. Approximately 4.6 million Americans are directly involved in this sector, which contributes about $50 billion annually to the US economy and €100 billion to Europe’s revenue each year. In Australia, it generates AUD $5 billion while in Britain it is worth over £8 billion per annum; horse racing itself brings in around 115$ worldwide every year. The market for equestrian clothing was valued at 2.69$ Billion globally last year while that of equipment stands at 2.53$ Billion by 2028 – both figures expected to grow steadily as time passes on. Thoroughbred horse sales reached a record 1.45$ Billion back 2019 whereas Fusaichi Pegasus became the most expensive horse ever sold when he went for 70 Million Dollars two decades ago.

In terms of employment opportunities within this field, there are nearly one million jobs related to it just within America where its total economic impact amounts up to 122$. Canada too has 19B CAD coming from their own version of Equine Industry Statistics whilst Britain had 847K horses under its population last 2020 – all these numbers only set out prove how much potential lies ahead if we continue investing into such ventures further down our timeline. Finally speaking about healthcare services associated with them: Global Equine Healthcare Market is projected reach 1 11B USD by 2026 & 3 3M Horseback Riders have been recorded so far throughout USA’s history making sure that everyone gets what they need without any hassle whatsoever..

The Most Important Statistics
The global equine industry is valued at approximately $300 billion. This statistic is a testament to the immense size and scope of the equine industry. It speaks to the sheer economic power of the sector, and the potential for growth and development that it holds. It is a reminder of the importance of the equine industry to the global economy, and the need to ensure its sustainability and success. The United States is home to over 7.2 million horses. This statistic is a testament to the sheer size of the equine industry in the United States. With over 7.2 million horses, it is clear that the equine industry is a major contributor to the US economy. This statistic also highlights the importance of the equine industry to the US, as it provides jobs and income to many people. Furthermore, it is a reminder of the importance of the horse in American culture and history.

Equine Industry Statistics Overview

Approximately 4.6 million Americans are directly involved in the equine industry.

This statistic is a testament to the size and scope of the equine industry in the United States. It shows that the industry is a major contributor to the economy, with millions of people relying on it for their livelihoods. It also highlights the importance of the industry in terms of providing jobs and services to the public. This statistic is a reminder of the importance of the equine industry and the need to support it.

The equine industry contributes about $50 billion annually to the US economy.

This statistic is a testament to the immense economic impact of the equine industry. It highlights the importance of the industry to the US economy, and serves as a reminder of the far-reaching implications of the industry’s success.

In Europe, the horse sector generates over €100 billion in annual revenue.

This statistic is a testament to the immense economic impact of the equine industry in Europe. It is a clear indication of the sector’s immense contribution to the European economy, and serves as a reminder of the importance of the equine industry in the region.

The United Kingdom equine industry is worth over £8 billion annually.

This statistic is a testament to the sheer size and scope of the United Kingdom equine industry. It is a clear indication of the immense economic impact the industry has on the country, and the importance of the sector to the UK economy. It is a powerful reminder of the importance of the equine industry and the need to ensure its continued success.

Horse racing generates over $115 billion worldwide in annual revenues.

This statistic is a testament to the immense economic impact of the equine industry. It is a clear indication of the immense financial potential of the industry, and serves as a reminder of the importance of the equine industry in the global economy.

In 2020, the global equestrian clothing market was valued at $2.69 billion.

This statistic is a testament to the immense size and scope of the equestrian clothing market. It highlights the fact that the equine industry is a major player in the global economy, with a market size of over $2.69 billion. This figure is a clear indication of the industry’s importance and potential for growth.

The global equestrian equipment market is expected to reach $2.53 billion by 2028.

This statistic is a testament to the immense potential of the equestrian equipment market, indicating that it is likely to experience significant growth in the coming years. It is a valuable insight for anyone interested in the equine industry, as it provides a glimpse into the future of the sector and the opportunities it may present.

The global horse riding apparel market is expected to grow at a CAGR of 3.5% from 2021 to 2028.

This statistic is a telling indication of the potential of the equine industry in the coming years. It suggests that the horse riding apparel market is likely to experience steady growth, which could be a boon for businesses in the sector. This could mean more opportunities for entrepreneurs, more jobs for equine professionals, and more revenue for the industry as a whole. As such, this statistic is an important piece of information for anyone interested in the equine industry.

Thoroughbred horse sales reached a record $1.45 billion in 2019.

This statistic is a testament to the success of the Equine Industry, showing that the market for Thoroughbred horse sales is thriving. It is a clear indication that the industry is in a healthy state and that there is a strong demand for these horses. This is great news for those involved in the industry, as it means that they can continue to enjoy the financial benefits of their work.

The world’s most valuable horse, Fusaichi Pegasus, was sold for $70 million in 2000.

This statistic serves as a testament to the immense value of horses in the equine industry. It demonstrates the potential for horses to be worth millions of dollars, and highlights the potential for success in the equine industry. It also shows the potential for horses to be a lucrative investment, and encourages people to consider investing in horses.

The equine industry in the United States contributes $122 billion in total economic impact.

This statistic is a testament to the immense economic power of the equine industry in the United States. It highlights the fact that the industry is a major contributor to the nation’s economy, and its impact is far-reaching. It is a reminder of the importance of the equine industry and the need to support it in order to ensure its continued success.

There are approximately 3.3 million horseback riders in the United States.

This statistic is a testament to the popularity of horseback riding in the United States. It speaks to the size of the equine industry and the number of people who are passionate about horses and horseback riding. It is a key indicator of the economic impact of the equine industry and the potential for growth in the future.

Conclusion

The global equine industry is a multi-billion dollar business, with an estimated value of $300 billion. There are more than 60 million horses across the world and over 7.2 million in the United States alone. Approximately 4.6 million Americans are directly involved in the equine industry, which contributes about $50 billion annually to the US economy and €100 billion to Europe’s revenue each year. The horse sector generates AUD $5 billion annually in direct revenue for Australia while it is worth over £8 billion per annum for Britain’s economy; globally, horse racing brings in around 115$ Billion every year from revenues generated by betting activities on races worldwide . In 2020,the global market size of Equestrian clothing was valued at 2.69$ Billion whereas that of equipment was expected to reach 2.53$ Billion by 2028; Thoroughbred Horse sales reached 1$.45Billion last year making Fusaichi Pegasus (sold at 70 Million Dollars) as one among its most valuable Horses ever sold till date. Nearly 1 Million jobs were created due to this Industry within USA itself contributing 122$Billion towards total economic impact & 19$Billion CAD towards Canadian Economy respectively ; 847000 Horses form part of UK’s Equine population & 3M Horseback riders exist within USA today ,while Global Equine Healthcare Market is projected to reach 1111M Dollar mark by 2026 . All these facts point out how important role does this Industry play not only economically but also socially all around Globe.

References

0. – https://www.grandviewresearch.com

1. – https://www.reuters.com

2. – https://www.statista.com

3. – https://www.prnewswire.com

4. – https://www.cnn.com

5. – https://www.globenewswire.com

6. – https://www.ehorses.com

7. – https://www.pbs.org

8. – https://www.forbes.com

9. – https://www.americanhorsepubs.org

10. – https://www.beva.org.uk

 

FAQs

How many horses are there globally in the equine industry?

Approximately 60 million horses are estimated to be present worldwide in the equine industry.

What are the major disciplines and areas of focus in the equine industry?

The equine industry is diverse, with major disciplines including racing (Thoroughbreds and Standardbreds), sports (show jumping, dressage, and eventing), western (reining, cutting, and barrel racing), polo, breeding, and casual riding.

What is the estimated economic value of the equine industry globally?

The global equine industry's economic value is estimated to be over $300 billion USD, with millions of people involved in horse-related activities worldwide.

How does the equine industry impact employment?

The equine industry provides employment opportunities for various supporting professions, such as trainers, breeders, farriers, veterinarians, equine nutritionists, and many others. This industry supports millions of jobs worldwide.

What are some prevalent equine-related health issues?

Some common equine-related health issues include colic, laminitis, respiratory problems, and infectious diseases like equine influenza and strangles. Early diagnosis and treatment by equine veterinarians are crucial for managing these health issues.

How we write our statistic reports:

We have not conducted any studies ourselves. Our article provides a summary of all the statistics and studies available at the time of writing. We are solely presenting a summary, not expressing our own opinion. We have collected all statistics within our internal database. In some cases, we use Artificial Intelligence for formulating the statistics. The articles are updated regularly.

See our Editorial Process.

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