Horse Racing Market Size 2024-2028
The horse racing market size is forecast to increase by USD 114.5 billion at a CAGR of 14.71% between 2023 and 2028. The market is experiencing significant growth, driven by several key trends and factors. One notable trend is the increasing involvement of younger audiences in horse racing, as evidenced by the rising popularity of events like the Kentucky Derby and the Royal Ascot among millennials. Another trend is the rise in the adoption of online betting platforms, which has made horse racing more accessible and convenient for fans around the world. However, the market also faces challenges, including growing concerns for animal welfare and the potential for regulatory issues in various jurisdictions. Despite these challenges, the horse racing industry continues to thrive, driven by its rich history, tradition, and the excitement of live racing events.
What will be the Size of the Market During the Forecast Period?
1 Executive Summary
- 1.1 Market overview
- Executive Summary - Chart on Market Overview
- Executive Summary - Data Table on Market Overview
- Executive Summary - Chart on Global Market Characteristics
- Executive Summary - Chart on Market by Geography
- Executive Summary - Chart on Market Segmentation by Type
- Executive Summary - Chart on Market Segmentation by Revenue Stream
- Executive Summary - Chart on Incremental Growth
- Executive Summary - Data Table on Incremental Growth
- Executive Summary - Chart on Company Market Positioning
2 Technavio Analysis
- 2.1 Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria
- Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria
- 2.2 Criticality of inputs and Factors of differentiation
- Overview on criticality of inputs and factors of differentiation
- 2.3 Factors of disruption
- Overview on factors of disruption
- 2.4 Impact of drivers and challenges
- Impact of drivers and challenges in 2023 and 2028
3 Market Landscape
- 3.1 Market ecosystem
- Parent Market
- Data Table on - Parent Market
- 3.2 Market characteristics
- Market characteristics analysis
4 Market Sizing
- 4.1 Market definition
- Offerings of companies included in the market definition
- 4.2 Market segment analysis
- 4.4 Market outlook: Forecast for 2023-2028
- Chart on Global - Market size and forecast 2023-2028 ($ billion)
- Data Table on Global - Market size and forecast 2023-2028 ($ billion)
- Chart on Global Market: Year-over-year growth 2023-2028 (%)
- Data Table on Global Market: Year-over-year growth 2023-2028 (%)
5 Historic Market Size
- 5.1 Global Horse Racing Market 2018 - 2022
- Historic Market Size - Data Table on Global Horse Racing Market 2018 - 2022 ($ billion)
- 5.2 Type segment analysis 2018 - 2022
- Historic Market Size - Type Segment 2018 - 2022 ($ billion)
- 5.3 Revenue Stream segment analysis 2018 - 2022
- Historic Market Size - Revenue Stream Segment 2018 - 2022 ($ billion)
- 5.4 Geography segment analysis 2018 - 2022
- Historic Market Size - Geography Segment 2018 - 2022 ($ billion)
- 5.5 Country segment analysis 2018 - 2022
- Historic Market Size - Country Segment 2018 - 2022 ($ billion)
6 Qualitative Analysis
- 6.1 Impact of AI on the Global Horse Racing Market
7 Five Forces Analysis
- 7.1 Five forces summary
- Five forces analysis - Comparison between 2023 and 2028
- 7.2 Bargaining power of buyers
- Bargaining power of buyers - Impact of key factors 2023 and 2028
- 7.3 Bargaining power of suppliers
- Bargaining power of suppliers - Impact of key factors in 2023 and 2028
- 7.4 Threat of new entrants
- Threat of new entrants - Impact of key factors in 2023 and 2028
- 7.5 Threat of substitutes
- Threat of substitutes - Impact of key factors in 2023 and 2028
- 7.6 Threat of rivalry
- Threat of rivalry - Impact of key factors in 2023 and 2028
- 7.7 Market condition
- Chart on Market condition - Five forces 2023 and 2028
8 Market Segmentation by Type
- 8.1 Market segments
- Chart on Type - Market share 2023-2028 (%)
- Data Table on Type - Market share 2023-2028 (%)
- 8.2 Comparison by Type
- Chart on Comparison by Type
- Data Table on Comparison by Type
- 8.3 Flat racing - Market size and forecast 2023-2028
- Chart on Flat racing - Market size and forecast 2023-2028 ($ billion)
- Data Table on Flat racing - Market size and forecast 2023-2028 ($ billion)
- Chart on Flat racing - Year-over-year growth 2023-2028 (%)
- Data Table on Flat racing - Year-over-year growth 2023-2028 (%)
- 8.4 Jump racing - Market size and forecast 2023-2028
- Chart on Jump racing - Market size and forecast 2023-2028 ($ billion)
- Data Table on Jump racing - Market size and forecast 2023-2028 ($ billion)
- Chart on Jump racing - Year-over-year growth 2023-2028 (%)
- Data Table on Jump racing - Year-over-year growth 2023-2028 (%)
- 8.5 Harness racing - Market size and forecast 2023-2028
- Chart on Harness racing - Market size and forecast 2023-2028 ($ billion)
- Data Table on Harness racing - Market size and forecast 2023-2028 ($ billion)
- Chart on Harness racing - Year-over-year growth 2023-2028 (%)
- Data Table on Harness racing - Year-over-year growth 2023-2028 (%)
- 8.6 Endurance racing - Market size and forecast 2023-2028
- Chart on Endurance racing - Market size and forecast 2023-2028 ($ billion)
- Data Table on Endurance racing - Market size and forecast 2023-2028 ($ billion)
- Chart on Endurance racing - Year-over-year growth 2023-2028 (%)
- Data Table on Endurance racing - Year-over-year growth 2023-2028 (%)
- 8.7 Market opportunity by Type
- Market opportunity by Type ($ billion)
- Data Table on Market opportunity by Type ($ billion)
9 Market Segmentation by Revenue Stream
- 9.1 Market segments
- Chart on Revenue Stream - Market share 2023-2028 (%)
- Data Table on Revenue Stream - Market share 2023-2028 (%)
- 9.2 Comparison by Revenue Stream
- Chart on Comparison by Revenue Stream
- Data Table on Comparison by Revenue Stream
- 9.3 Betting revenue - Market size and forecast 2023-2028
- Chart on Betting revenue - Market size and forecast 2023-2028 ($ billion)
- Data Table on Betting revenue - Market size and forecast 2023-2028 ($ billion)
- Chart on Betting revenue - Year-over-year growth 2023-2028 (%)
- Data Table on Betting revenue - Year-over-year growth 2023-2028 (%)
- 9.4 Live event revenue - Market size and forecast 2023-2028
- Chart on Live event revenue - Market size and forecast 2023-2028 ($ billion)
- Data Table on Live event revenue - Market size and forecast 2023-2028 ($ billion)
- Chart on Live event revenue - Year-over-year growth 2023-2028 (%)
- Data Table on Live event revenue - Year-over-year growth 2023-2028 (%)
- 9.5 Broadcasting rights - Market size and forecast 2023-2028
- Chart on Broadcasting rights - Market size and forecast 2023-2028 ($ billion)
- Data Table on Broadcasting rights - Market size and forecast 2023-2028 ($ billion)
- Chart on Broadcasting rights - Year-over-year growth 2023-2028 (%)
- Data Table on Broadcasting rights - Year-over-year growth 2023-2028 (%)
- 9.6 Sponsorship and advertising - Market size and forecast 2023-2028
- Chart on Sponsorship and advertising - Market size and forecast 2023-2028 ($ billion)
- Data Table on Sponsorship and advertising - Market size and forecast 2023-2028 ($ billion)
- Chart on Sponsorship and advertising - Year-over-year growth 2023-2028 (%)
- Data Table on Sponsorship and advertising - Year-over-year growth 2023-2028 (%)
- 9.7 Horse sales and breeding - Market size and forecast 2023-2028
- Chart on Horse sales and breeding - Market size and forecast 2023-2028 ($ billion)
- Data Table on Horse sales and breeding - Market size and forecast 2023-2028 ($ billion)
- Chart on Horse sales and breeding - Year-over-year growth 2023-2028 (%)
- Data Table on Horse sales and breeding - Year-over-year growth 2023-2028 (%)
- 9.8 Market opportunity by Revenue Stream
- Market opportunity by Revenue Stream ($ billion)
- Data Table on Market opportunity by Revenue Stream ($ billion)
10 Customer Landscape
- 10.1 Customer landscape overview
- Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria
11 Geographic Landscape
- 11.1 Geographic segmentation
- Chart on Market share by geography 2023-2028 (%)
- Data Table on Market share by geography 2023-2028 (%)
- 11.2 Geographic comparison
- Chart on Geographic comparison
- Data Table on Geographic comparison
- 11.3 North America - Market size and forecast 2023-2028
- Chart on North America - Market size and forecast 2023-2028 ($ billion)
- Data Table on North America - Market size and forecast 2023-2028 ($ billion)
- Chart on North America - Year-over-year growth 2023-2028 (%)
- Data Table on North America - Year-over-year growth 2023-2028 (%)
- 11.4 Europe - Market size and forecast 2023-2028
- Chart on Europe - Market size and forecast 2023-2028 ($ billion)
- Data Table on Europe - Market size and forecast 2023-2028 ($ billion)
- Chart on Europe - Year-over-year growth 2023-2028 (%)
- Data Table on Europe - Year-over-year growth 2023-2028 (%)
- 11.5 APAC - Market size and forecast 2023-2028
- Chart on APAC - Market size and forecast 2023-2028 ($ billion)
- Data Table on APAC - Market size and forecast 2023-2028 ($ billion)
- Chart on APAC - Year-over-year growth 2023-2028 (%)
- Data Table on APAC - Year-over-year growth 2023-2028 (%)
- 11.6 Middle East and Africa - Market size and forecast 2023-2028
- Chart on Middle East and Africa - Market size and forecast 2023-2028 ($ billion)
- Data Table on Middle East and Africa - Market size and forecast 2023-2028 ($ billion)
- Chart on Middle East and Africa - Year-over-year growth 2023-2028 (%)
- Data Table on Middle East and Africa - Year-over-year growth 2023-2028 (%)
- 11.7 South America - Market size and forecast 2023-2028
- Chart on South America - Market size and forecast 2023-2028 ($ billion)
- Data Table on South America - Market size and forecast 2023-2028 ($ billion)
- Chart on South America - Year-over-year growth 2023-2028 (%)
- Data Table on South America - Year-over-year growth 2023-2028 (%)
- 11.8 US - Market size and forecast 2023-2028
- Chart on US - Market size and forecast 2023-2028 ($ billion)
- Data Table on US - Market size and forecast 2023-2028 ($ billion)
- Chart on US - Year-over-year growth 2023-2028 (%)
- Data Table on US - Year-over-year growth 2023-2028 (%)
- 11.9 UK - Market size and forecast 2023-2028
- Chart on UK - Market size and forecast 2023-2028 ($ billion)
- Data Table on UK - Market size and forecast 2023-2028 ($ billion)
- Chart on UK - Year-over-year growth 2023-2028 (%)
- Data Table on UK - Year-over-year growth 2023-2028 (%)
- 11.10 Australia - Market size and forecast 2023-2028
- Chart on Australia - Market size and forecast 2023-2028 ($ billion)
- Data Table on Australia - Market size and forecast 2023-2028 ($ billion)
- Chart on Australia - Year-over-year growth 2023-2028 (%)
- Data Table on Australia - Year-over-year growth 2023-2028 (%)
- 11.11 France - Market size and forecast 2023-2028
- Chart on France - Market size and forecast 2023-2028 ($ billion)
- Data Table on France - Market size and forecast 2023-2028 ($ billion)
- Chart on France - Year-over-year growth 2023-2028 (%)
- Data Table on France - Year-over-year growth 2023-2028 (%)
- 11.12 Japan - Market size and forecast 2023-2028
- Chart on Japan - Market size and forecast 2023-2028 ($ billion)
- Data Table on Japan - Market size and forecast 2023-2028 ($ billion)
- Chart on Japan - Year-over-year growth 2023-2028 (%)
- Data Table on Japan - Year-over-year growth 2023-2028 (%)
- 11.13 Germany - Market size and forecast 2023-2028
- Chart on Germany - Market size and forecast 2023-2028 ($ billion)
- Data Table on Germany - Market size and forecast 2023-2028 ($ billion)
- Chart on Germany - Year-over-year growth 2023-2028 (%)
- Data Table on Germany - Year-over-year growth 2023-2028 (%)
- 11.14 UAE - Market size and forecast 2023-2028
- Chart on UAE - Market size and forecast 2023-2028 ($ billion)
- Data Table on UAE - Market size and forecast 2023-2028 ($ billion)
- Chart on UAE - Year-over-year growth 2023-2028 (%)
- Data Table on UAE - Year-over-year growth 2023-2028 (%)
- 11.15 Italy - Market size and forecast 2023-2028
- Chart on Italy - Market size and forecast 2023-2028 ($ billion)
- Data Table on Italy - Market size and forecast 2023-2028 ($ billion)
- Chart on Italy - Year-over-year growth 2023-2028 (%)
- Data Table on Italy - Year-over-year growth 2023-2028 (%)
- 11.16 Canada - Market size and forecast 2023-2028
- Chart on Canada - Market size and forecast 2023-2028 ($ billion)
- Data Table on Canada - Market size and forecast 2023-2028 ($ billion)
- Chart on Canada - Year-over-year growth 2023-2028 (%)
- Data Table on Canada - Year-over-year growth 2023-2028 (%)
- 11.17 South Africa - Market size and forecast 2023-2028
- Chart on South Africa - Market size and forecast 2023-2028 ($ billion)
- Data Table on South Africa - Market size and forecast 2023-2028 ($ billion)
- Chart on South Africa - Year-over-year growth 2023-2028 (%)
- Data Table on South Africa - Year-over-year growth 2023-2028 (%)
- 11.18 Market opportunity by geography
- Market opportunity by geography ($ billion)
- Data Tables on Market opportunity by geography ($ billion)
12 Drivers, Challenges, and Opportunity/Restraints
- 12.3 Impact of drivers and challenges
- Impact of drivers and challenges in 2023 and 2028
- 12.4 Market opportunities/restraints
13 Competitive Landscape
- 13.2 Competitive Landscape
- Overview on criticality of inputs and factors of differentiation
- 13.3 Landscape disruption
- Overview on factors of disruption
- 13.4 Industry risks
- Impact of key risks on business
14 Competitive Analysis
- 14.2 Company ranking index
- 14.3 Market positioning of companies
- Matrix on companies position and classification
- 14.4 American Horse Company LLC
- American Horse Company LLC - Overview
- American Horse Company LLC - Product / Service
- American Horse Company LLC - Key offerings
- SWOT
- 14.5 Godolphin
- Godolphin - Overview
- Godolphin - Product / Service
- Godolphin - Key offerings
- SWOT
- 14.6 Goresbridge Horse Sales
- Goresbridge Horse Sales - Overview
- Goresbridge Horse Sales - Product / Service
- Goresbridge Horse Sales - Key offerings
- SWOT
- 14.7 Hemphills Horses, Feed and Saddlery, Inc.
- Hemphills Horses, Feed and Saddlery, Inc. - Overview
- Hemphills Horses, Feed and Saddlery, Inc. - Product / Service
- Hemphills Horses, Feed and Saddlery, Inc. - Key offerings
- SWOT
- 14.8 Horses China
- Horses China - Overview
- Horses China - Product / Service
- Horses China - Key offerings
- SWOT
- 14.9 Iron Spring Farm
- Iron Spring Farm - Overview
- Iron Spring Farm - Product / Service
- Iron Spring Farm - Key offerings
- SWOT
- 14.10 JCB Horse Sales, LLC
- JCB Horse Sales, LLC - Overview
- JCB Horse Sales, LLC - Product / Service
- JCB Horse Sales, LLC - Key offerings
- SWOT
- 14.11 KAMA GODEK
- KAMA GODEK - Overview
- KAMA GODEK - Product / Service
- KAMA GODEK - Key offerings
- SWOT
- 14.12 K and L Stables
- K and L Stables - Overview
- K and L Stables - Product / Service
- K and L Stables - Key offerings
- SWOT
- 14.13 MFS STUDFARM
- MFS STUDFARM - Overview
- MFS STUDFARM - Product / Service
- MFS STUDFARM - Key offerings
- SWOT
- 14.14 Mount St John Equestrian
- Mount St John Equestrian - Overview
- Mount St John Equestrian - Product / Service
- Mount St John Equestrian - Key offerings
- SWOT
- 14.15 Platinum Horse Sales
- Platinum Horse Sales - Overview
- Platinum Horse Sales - Product / Service
- Platinum Horse Sales - Key offerings
- SWOT
- 14.16 Royal Horse Farms
- Royal Horse Farms - Overview
- Royal Horse Farms - Product / Service
- Royal Horse Farms - Key offerings
- SWOT
- 14.17 Setters Run Farm
- Setters Run Farm - Overview
- Setters Run Farm - Product / Service
- Setters Run Farm - Key offerings
- SWOT
- 14.18 Woodcroft Stud
- Woodcroft Stud - Overview
- Woodcroft Stud - Product / Service
- Woodcroft Stud - Key offerings
- SWOT
15 Appendix
- 15.2 Inclusions and exclusions checklist
- Inclusions checklist
- Exclusions checklist
- 15.3 Currency conversion rates for US$
- Currency conversion rates for US$
- 15.4 Research methodology
- 15.7 Validation techniques employed for market sizing
- Validation techniques employed for market sizing
- 15.9 360 degree market analysis
- 360 degree market analysis
- 15.10 List of abbreviations
What is Impact of AI on the Horse Racing Market?
With the growing adoption of AI across industries, Technavio has analyzed its impact on IT software market driven by the integration of Artificial Intelligence (AI). AI is revolutionizing horse racing by advancing performance analytics, refining betting systems, optimizing breeding programs, and elevating the fan experience. This analysis delves into AI's impact on the horse racing market, backed by data and real-world examples.
These insights, available exclusively through Technavio, provide an unparalleled significant impact of AI on the horse racing market, backed by real-world examples and data.
The report provides details of AI's impact on various segment
- AI in Performance Analytics and Training
- Optimized Training Programs
- Injury Prevention
- Case Study
- AI in Betting Systems
- Enhanced Betting Predictions
- Predictive Health Monitoring
- Case Study
- AI in Event Management and Fan Engagement
- Enhanced Fan Experience
- Efficient Event Management
- Case Study
- AI in Market Strategy and Customer Insights
- Targeted Marketing Campaigns
- Targeted Marketing Campaigns
- Case Study
- AI in Environmental and Sustainability Efforts
- Sustainable Racing Practices
- Eco-Friendly Breeding and Training
- Case Study
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