How big is the equine industry?

Asked by: Chris Bethea

$122 billionThe total economic impact of the horse industry in the United Statesthe United StatesIn its noun form, the word generally means a resident or citizen of the U.S., but is also used for someone whose ethnic identity is simply “American”. The noun is rarely used in English to refer to people not connected to the United States when intending a geographical meaning.

What are the top 5 state for the horse industry?

Among U. S. states, the AHC report puts Texas in the lead with 978,822 horses, followed by California with 698,345, Florida with 500,124, Oklahoma with 326,134, Kentucky with 320,173, Ohio with 306,898 and Missouri with 281,255.

How big is the equine industry UK?

National Equestrian Survey 2019 – KEY FACTS
The economic value of the equestrian sector stands at £4.7 billion of consumer spending across a wide range of goods and services each year. This has increased from £4.3 billion in 2015. There are 27 million people in Britain with an interest in the equestrian industry.

How much money is in the horse racing industry?

Horse racing is a lucrative sport that’s popular all over the world. According to the International Federation of Horseracing Authorities, prize money for races worldwide reach almost $3.5 billion a year, while the global betting industry for horse racing generates over $116 billion in revenue each year.

What does the equine industry consist of?

The horse industry, or equine industry, is the economic activity associated with horses. This includes core agribusiness activities related to the use, possession or ownership of horses, as well as leisure activities and related economic activity that provides associated goods and services.

How much money do horses bring to the US economy?

$122 billion

From those direct effects, the horse industry’s contribution ripples out into other sectors of the economy. Adding these ripple effects results in an estimate of the total contribution of the horse industry to the U.S. economy of $122 billion, and a total employment impact of 1.7 million jobs.

Who owns the most horses in the USA?

Among U. S. states, the AHC report puts Texas in the lead with 978,822 horses, followed by California with 698,345, Florida with 500,124, Oklahoma with 326,134, Kentucky with 320,173, Ohio with 306,898 and Missouri with 281,255.

Is there a demand for horses?

In summary, the increase of horse prices over the past twelve months is largely demand driven. Equestrians have more time, money and a greater appetite for being outdoors.

How big is the horse breeding industry?

Horse Industry Generates $122 Billion Economic Impact – Quarter Horse News.

How many equine businesses are there in the UK?

With over 18,000 equine businesses in the UK alone, the EBA can get you in front of this large audience. Contact us today to find out more about partnership & other commercial opportunities.

Is the equestrian industry growing?

The Horse and Other Equine Production industry has experienced marginal growth over the five years to 2022, with declines in mitigating growth. The COVID-19 (coronavirus) pandemic significantly reduced demand from some of the industry’s largest markets, including showing and racing.

Why is the horse market so high?

There is a huge imbalance with supply and demand in the world right now. This has a big factor in why horse prices have went up. There is a high demand for horses, but there are only so many horses out there. People are buying horses left and right, even those who have never owned them before.

How much money does the horse industry pay in taxes to all levels of government?

Overall, the horse industry provided 460,000 direct jobs and 960,000 indirectly associated jobs for a combined total of slightly over 1.4 million jobs. The horse industry pays roughly $1.9 billion in taxes on an annual basis to all levels of government.

How many full-time jobs does the equine industry provide the US with?

The horse industry sustains approximately 1.4 million full-time equivalent jobs on an annual basis, with over 460,000 of those jobs created from the direct spending within the industry.

How many people does the horse industry employ?

1.74 million people

The U.S. horse industry employs 1.74 million people.
The horse industry has a direct employment impact of 988,394 jobs and contributes $38 billion in direct wages, salaries, and benefits.