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Dublin, Jan. 13, 2025 (GLOBE NEWSWIRE) — The “Horse Racing Market – Forecasts from 2025 to 2030” report has been added to ResearchAndMarkets.com’s offering.
The global horse racing market is expected to grow at a CAGR of 7.45%, reaching a market size of US$182.393 billion in 2030 from US$127.339 billion in 2025.
Report Coverage:
- Historical data & forecasts from 2022 to 2030
- Growth Opportunities, Challenges, Supply Chain Outlook, Regulatory Framework, Customer Behaviour, and Trend Analysis
- Competitive Positioning, Strategies, and Market Share Analysis
- Revenue Growth and Forecast Assessment of segments and regions including countries
- Company Profiling (Strategies, Products, Financial Information, and Key Developments among others)
Growing popularity of horse racing is expected to bolster the market expansion
Horse racing has become a dynamic sport which is gaining traction in various major economies with investments being made in sports development. An encouraging image of the sport entices a variety of participants, including young people and women, which fosters inclusivity and broader interest. According to the Jockey Club, in the UK, horse racing is the second most commonly watched activity after football, with annual race attendance being about six million and 40% of the population being women.
It is also common in other nations, including France, Australia, the USA, Canada, Hong Kong, and even Malaysia, with some extreme fans in Japan going as far as sleeping outside in lines for major shows. In addition, based on data reported by the British Horseracing Authority (BHA) Racing and Industry Statistics from 2019 to 2023, the increase in total horse runners in 2023 stands at 87,619 compared to 86,419 in 2022, which will contribute to growing the market in the coming years.
North America is expected to account for a significant share of the market during the forecast period
During the forecast period, North America will be holding a considerable share of the market which is attributable to the growing appeal of horse riding as a sport in major regional economies namely the United States. Hence, various horse racing events such as the Kentucky Derby, the Belmont Stakes, and the Preakness Stakes have become major social events in the US, attracting thousands of visitors from within and outside the country.
The horse race also took root due to America managing to create websites for gambling without restrictions. Further, in the US, there are 45,180 thoroughbred racehorses in training and 19,225 foals born each year, increasing the demand for horse racing in the United States.
Moreover, since the market entails several websites offering online horse racing betting services, the ease and reach of engagement betting into the sport has considerably increased, as have the earnings from the industry. All in all, the growth rate of the US horse racing industry is believed to be sustained in the forecast period.
Reasons for buying this report:
- Insightful Analysis: Gain detailed market insights covering major as well as emerging geographical regions, focusing on customer segments, government policies and socio-economic factors, consumer preferences, industry verticals, other sub-segments.
- Competitive Landscape: Understand the strategic maneuvers employed by key players globally to understand possible market penetration with the correct strategy.
- Market Drivers & Future Trends: Explore the dynamic factors and pivotal market trends and how they will shape up future market developments.
- Actionable Recommendations: Utilize the insights to exercise strategic decision to uncover new business streams and revenues in a dynamic environment.
- Caters to a Wide Audience: Beneficial and cost-effective for startups, research institutions, consultants, SMEs, and large enterprises.
Key Attributes
| Report Attribute | Details |
| No. of Pages | 140 |
| Forecast Period | 2025-2030 |
| Estimated Market Value (USD) in 2025 | $127.34 Billion |
| Forecasted Market Value (USD) by 2030 | $182.39 Billion |
| Compound Annual Growth Rate | 7.4% |
| Regions Covered | Global |
Key Topics Covered
1. INTRODUCTION
2. RESEARCH METHODOLOGY
2.1. Research Design
2.2. Research Processes
3. EXECUTIVE SUMMARY
3.1. Key Findings
3.2. CXO Perspective
4. MARKET DYNAMICS
4.1. Market Drivers
4.2. Market Restraints
4.3. Porter’s Five Forces Analysis
4.4. Industry Value Chain Analysis
4.5. Analyst View
5. GLOBAL HORSE RACING MARKET BY RACING TYPE
5.1. Introduction
5.2. Win bet
5.3. Single
5.4. Double
5.5. Treble
5.6. Others
6. GLOBAL HORSE RACING MARKET BY MODE OF RACING
6.1. Introduction
6.2. Online
6.3. Racecourse
6.4. Lottery Store
6.5. Others
7. GLOBAL HORESE RACING MARKET BY GEOGRAPHY
7.1. Introduction
7.2. North America
7.2.1. By Racing Type
7.2.2. By Mode of Racing
7.2.3. By Country
7.2.3.1. USA
7.2.3.2. Canada
7.2.3.3. Mexico
7.3. South America
7.3.1. By Racing Type
7.3.2. By Mode of Racing
7.3.3. By Country
7.3.3.1. Brazil
7.3.3.2. Argentina
7.3.3.3. Others
7.4. Europe
7.4.1. By Racing Type
7.4.2. By Mode of Racing
7.4.3. By Country
7.4.3.1. United Kingdom
7.4.3.2. Germany
7.4.3.3. France
7.4.3.4. Italy
7.4.3.5. Spain
7.4.3.6. Others
7.5. Middle East and Africa
7.5.1. By Racing Type
7.5.2. By Mode of Racing
7.5.3. By Country
7.5.3.1. Saudi Arabia
7.5.3.2. UAE
7.5.3.3. Others
7.6. Asia Pacific
7.6.1. By Racing Type
7.6.2. By Mode of Racing
7.6.3. By Country
7.6.3.1. Japan
7.6.3.2. China
7.6.3.3. India
7.6.3.4. South Korea
7.6.3.5. Taiwan
7.6.3.6. Thailand
7.6.3.7. Indonesia
7.6.3.8. Others
8. COMPETITIVE ENVIRONMENT AND ANALYSIS
8.1. Major Players and Strategy Analysis
8.2. Market Share Analysis
8.3. Mergers, Acquisitions, Agreements, and Collaborations
8.4. Competitive Dashboard
9. COMPANY PROFILES
9.1. Churchill Downs Incorporated
9.2. The Stronach Group (1/ST)
9.3. Keeneland Association, Inc.
9.4. Godolphin
9.5. Gulfstream Park Racing Association
9.6. Santa Anita Park
9.7. Kentucky Downs LLC (The Mint Gaming Hall)
9.8. Woodbine Entertainment Group
9.9. Del Mar Thoroughbred Club
9.10. The New York Racing Association
9.11. British Horseracing Authority (BHA)
9.12. Betfair (Flutter Entertainment)
For more information about this report visit https://www.researchandmarkets.com/r/v4layt
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