GITNUX MARKETDATA REPORT 2024

The Most Surprising Horse Industry Statistics And Trends in 2024

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The horse industry is an important part of the global economy. It provides jobs, entertainment, and recreation for millions of people around the world. Horse riding and horse racing are popular sports, and equestrian activities generate billions of dollars in revenue each year. Horse-related products and services are in high demand, and the industry continues to grow. As the horse industry continues to evolve, it is essential to understand the latest horse industry statistics.

The horse industry is a significant part of the global economy, and understanding its current state is important for anyone involved in the industry. From horse owners to racing enthusiasts, horse industry statistics can provide valuable insight into the current state of the industry. In this article, we will examine the latest horse industry statistics, including the size of the industry, revenue generated, and environmental impact.

Horse Industry: The Most Important Statistics

The horse racing industry employed 17,400 full-time equivalents in 2012, with the majority of those being trainers (6,325) followed by breeders (3,893) and racecourses (2,225).
Horse races gambling has decreased from 4.3% in 2017 to 3.3% in 2021 globally.
The Federation of International Polo spent 308.81 thousand U.S. dollars in the 2019/20 fiscal year, with the majority of the expenses going towards administration.

Horse Industry Statistics Overview

Horse production in Malaysia has fluctuated over the past decade, with 2017 being the year with the highest production (4.306 heads) and 2019 having the lowest production (3.095 heads).

The highest horse production in Malaysia was in 2012 (437.38 thousand heads) and the lowest was in 2019 (347.57 thousand heads). This shows the fluctuations in the horse industry in Malaysia over the past decade.

Employment in the Horse Industry

The horse racing industry employed 17,400 full-time equivalents in 2012, with the majority of those being trainers (6,325) followed by breeders (3,893) and racecourses (2,225).

This provides insight into the number of people employed in the horse racing industry and the breakdown of those employed in different roles.

The horse industry employs 1.744.747 million people, with 1.370.000 of them being volunteers and 988.394 having direct employment.

Thus, the numbers show the scope of the horse industry and the impact it has on the economy, with the majority of people being volunteers and a significant number having direct employment.

Horse Race Gambling

Horse races gambling has decreased from 4.3% in 2017 to 3.3% in 2021 globally.

But the popularity of horse races gambling is decreasing, which could have an effect on the horse racing industry in terms of revenue and participation.

On the other hand, horse races gambling in Great Britain has grown 0.8% from 2017 to 2021, increasing from 1.8% to 2.6%.

It shows that the popularity of horse races gambling in the UK has increased over the past few years, indicating that the horse industry in Great Britain is currently growing.

International Polo in the Horse Industry

The Federation of International Polo reported total operative income of 334.3 thousand U.S. dollars in the 2019/20 fiscal year, with the majority of income coming from annual dues, marketing, Ambassador’s Cup, and IOC support.

This demonstrates the financial success of the Federation of International Polo, which is the international governing body for the sport of polo. The success is important for the horse industry, as it shows the financial stability of the sport and the potential for further growth.

The Federation of International Polo spent 308.81 thousand U.S. dollars in the 2019/20 fiscal year, with the majority of the expenses going towards administration.

Horse Industry in the US

The horse industry contributes $122 billion annually to the U.S. economy, with $50 billion in direct economic impact and $38 billion in direct wages, salaries, and benefits.

Thus, the horse industry has a significant economic contribution to the U.S. economy.

The horse industry contributes a total of 101.5 billion dollars to the US economy, with 10.6 billion from racing, 10.8 billion from showing, 11.8 billion from recreation, and 11.8 billion from other sources.

Conclusion

The horse industry is a thriving and ever-growing sector of the economy. With more people getting involved in horse-related activities, the industry is expected to continue to grow in the coming years.

The statistics presented in this blog post show that the horse industry is a major contributor to the economy, with a significant impact on jobs, businesses, and the overall economy. As the industry continues to expand, it is important to keep track of the latest industry trends and statistics to ensure that the industry remains a strong and vibrant part of the economy.

References

1 – https://www.statista.com/statistics/659853/malaysia-horse-production/

2 – https://www.statista.com/statistics/659240/indonesia-horse-production/

3 – https://www.statista.com/statistics/279995/core-british-horse-racing-industry-employment/

4 – https://horsesonly.com/horse-industry/

5 – https://www.statista.com/statistics/543435/gambling-activities-participation-in-person-united-kingdom-uk/

6 – https://www.statista.com/statistics/543442/online-gambling-activities-participation-united-kingdom-uk/

7 – https://www.statista.com/statistics/1298263/federation-of-international-polo-income/

8 – https://www.statista.com/statistics/1298257/federation-of-international-polo-expenses/

9 – https://horsesonly.com/horse-industry/

10 – https://www.ridewithequo.com/blog/the-horse-industry-by-the-numbers

FAQs

What is the average lifespan of a horse?

The average lifespan of a horse is between 25-30 years.

What is the most popular breed of horse?

The most popular breed of horse is the Quarter Horse.

What is the average height of a horse?

The average height of a horse is 14-17 hands (56-68 inches).

What is the average weight of a horse?

The average weight of a horse is between 1,000-1,200 pounds.

What is the average cost of a horse?

The average cost of a horse is between $500-$10,000.

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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