Market Overview:
The global horse racing market is expected to register a CAGR of 5.5% during the forecast period, 2018-2030. The market growth can be attributed to the increasing popularity of horse racing as a sport and its betting opportunities. In terms of type, the win bet segment is expected to hold the largest share in the global horse racing market during the forecast period. This can be attributed to the higher odds offered by this type of bet as compared to other types of bets available in horse racing. In terms of application, online segment is expected to hold majority share in global horse racing market during 2018-2030 owing high penetration rate across developed countries and rising adoption among developing countries. Geographically, North America is estimated to account for major share in global Horse Racing Market followed by Europe due To presence major racecourse operators such as Churchill Downs Incorporated and The Jockey Club Racecourses Ltd.
Product Definition:
Horse Racing is a sport that involves the riding of horses in competitions. It is one of the oldest organized sports in the world.
Win Bet:
The win bet is a wager that involves placing a bet on the horse or dogs that you believe will win the upcoming race. The basic premise of this game is to predict which horses are likely to finish first, second and third in a specific race. Win bets can be placed on any racing event including steeplechase, hurdle races, flat races and handicap events.
Each Way:
The Each Way Betting System is a way to place bets on the horses. It's used in horse racing and other sports events. The system allows bettors to place bets on any horse or all horses running in a particular race, depending upon their preference.
There are two types of each way betting systems: fixed price and percentage based.
Application Insights:
Based on application, the market has been segmented into racecourse, online, lottery store and others. The racecourse held the largest share of more than 70% in 2017. It is a major application owing to its ability to provide real-time results along with historical data regarding horses running at different races and their outcomes. Horse racing offers an opportunity for players to make money through bets on each horse running at a particular track by providing information regarding past performances of horses in similar events over history as well as across different countries or locations.
The other segment is expected to witness significant growth over the forecast period owing to increasing adoption of these products by individuals who are not involved directly or indirectly with sports activities or gambling purposes but have interest in horseracing activities such as bettors, bookmakers and others associated with this industry including owners/trainers.
Regional Analysis:
North America dominated the global market in terms of revenue share in 2017. The growth is attributed to the presence of key industry participants such as Betfair, Inc.; Ladbrokes; and William Hill plc., along with a large number of racecourses across North America. Furthermore, technological advancements for betting on horses have made it easier for people to place bets online thereby increasing its popularity across this region.
Asia Pacific is expected to witness significant growth over the forecast period owing to rising disposable income and growing population especially in countries such as China and India which has resulted into increased demand for various leisure activities including horse racing.
Growth Factors:
- Increasing popularity of horse racing as a sport and gambling activity.
- Rising disposable income of consumers in developing countries, which is fuelling demand for luxury goods and services, including horse racing.
- Proliferation of online betting platforms that are making it easier for consumers to bet on races around the world.
- Growing interest in equine sports among the younger generation, who see horse racing as a way to experience excitement and adventure.
- Expansion of horseracing venues and introduction of new races in key markets, such as China and India, which is attracting more spectators and bettors to the sport
Scope Of The Report
Report Attributes
Report Details
Report Title
Horse Racing Market Research Report
By Type
Win Bet, Each Way, Single Bet, Mutliple Bets, Straight Forecast, Reverse Forecast, Tricast
By Application
Online, Racecourse, Lottery Store, Other
By Companies
Singapore Pools, Tabcorp Holdings, Hong Kong Jockey Club, Macau Jockey Club, William Hill, Bwin, Ladbrokes
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
129
Number of Tables & Figures
91
Customization Available
Yes, the report can be customized as per your need.
Global Horse Racing Market Report Segments:
The global Horse Racing market is segmented on the basis of:
Types
Win Bet, Each Way, Single Bet, Mutliple Bets, Straight Forecast, Reverse Forecast, Tricast
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Online, Racecourse, Lottery Store, Other
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Singapore Pools
- Tabcorp Holdings
- Hong Kong Jockey Club
- Macau Jockey Club
- William Hill
- Bwin
- Ladbrokes
Highlights of The Horse Racing Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Win Bet
- Each Way
- Single Bet
- Mutliple Bets
- Straight Forecast
- Reverse Forecast
- Tricast
- By Application:
- Online
- Racecourse
- Lottery Store
- Other
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Horse Racing Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Horse racing is a sport that involves two or more horses running around a track.
Some of the major players in the horse racing market are Singapore Pools, Tabcorp Holdings, Hong Kong Jockey Club, Macau Jockey Club, William Hill, Bwin, Ladbrokes.
The horse racing market is expected to grow at a compound annual growth rate of 5.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Horse Racing Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Horse Racing Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Horse Racing Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Horse Racing Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Horse Racing Market Size & Forecast, 2018-2028
4.5.1 Horse Racing Market Size and Y-o-Y Growth
4.5.2 Horse Racing Market Absolute $ Opportunity
Chapter 5 Global Horse Racing Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Horse Racing Market Size Forecast by Type
5.2.1 Win Bet
5.2.2 Each Way
5.2.3 Single Bet
5.2.4 Mutliple Bets
5.2.5 Straight Forecast
5.2.6 Reverse Forecast
5.2.7 Tricast
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Horse Racing Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Horse Racing Market Size Forecast by Applications
6.2.1 Online
6.2.2 Racecourse
6.2.3 Lottery Store
6.2.4 Other
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Horse Racing Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Horse Racing Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Horse Racing Analysis and Forecast
9.1 Introduction
9.2 North America Horse Racing Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Horse Racing Market Size Forecast by Type
9.6.1 Win Bet
9.6.2 Each Way
9.6.3 Single Bet
9.6.4 Mutliple Bets
9.6.5 Straight Forecast
9.6.6 Reverse Forecast
9.6.7 Tricast
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Horse Racing Market Size Forecast by Applications
9.10.1 Online
9.10.2 Racecourse
9.10.3 Lottery Store
9.10.4 Other
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Horse Racing Analysis and Forecast
10.1 Introduction
10.2 Europe Horse Racing Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Horse Racing Market Size Forecast by Type
10.6.1 Win Bet
10.6.2 Each Way
10.6.3 Single Bet
10.6.4 Mutliple Bets
10.6.5 Straight Forecast
10.6.6 Reverse Forecast
10.6.7 Tricast
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Horse Racing Market Size Forecast by Applications
10.10.1 Online
10.10.2 Racecourse
10.10.3 Lottery Store
10.10.4 Other
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Horse Racing Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Horse Racing Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Horse Racing Market Size Forecast by Type
11.6.1 Win Bet
11.6.2 Each Way
11.6.3 Single Bet
11.6.4 Mutliple Bets
11.6.5 Straight Forecast
11.6.6 Reverse Forecast
11.6.7 Tricast
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Horse Racing Market Size Forecast by Applications
11.10.1 Online
11.10.2 Racecourse
11.10.3 Lottery Store
11.10.4 Other
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Horse Racing Analysis and Forecast
12.1 Introduction
12.2 Latin America Horse Racing Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Horse Racing Market Size Forecast by Type
12.6.1 Win Bet
12.6.2 Each Way
12.6.3 Single Bet
12.6.4 Mutliple Bets
12.6.5 Straight Forecast
12.6.6 Reverse Forecast
12.6.7 Tricast
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Horse Racing Market Size Forecast by Applications
12.10.1 Online
12.10.2 Racecourse
12.10.3 Lottery Store
12.10.4 Other
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Horse Racing Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Horse Racing Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Horse Racing Market Size Forecast by Type
13.6.1 Win Bet
13.6.2 Each Way
13.6.3 Single Bet
13.6.4 Mutliple Bets
13.6.5 Straight Forecast
13.6.6 Reverse Forecast
13.6.7 Tricast
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Horse Racing Market Size Forecast by Applications
13.10.1 Online
13.10.2 Racecourse
13.10.3 Lottery Store
13.10.4 Other
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Horse Racing Market: Competitive Dashboard
14.2 Global Horse Racing Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Singapore Pools
14.3.2 Tabcorp Holdings
14.3.3 Hong Kong Jockey Club
14.3.4 Macau Jockey Club
14.3.5 William Hill
14.3.6 Bwin
14.3.7 Ladbrokes
