Wonder
Log in
Research Outline
Prepared for Lucy D. | Delivered October 3, 2019
Equestrine & Equine
Review your project details
Goals
The market size for equestrian related brands - including equestrian apparel and gear, as well as, the market size of the retail market overlapping with equine gear, and the market size for equine-specific products related to care and health.
View less
Early Findings
HORSE RIDING APPAREL
The global market size for horse riding apparel including clothes, riding boots, riding helmets, gloves, and other accessories, is currently
$2.35 billion
and is forecast to reach
$2.65 billion by 2024
at a compound annual growth
rate of 2%.
Clothes have the largest share of the market at
over 53%.
China is the
"largest supplier of
Horse Riding Apparel, with a production market share nearly 33.77%." Europe is a distant second with a market
share of 25.24%
.
The key players in the market include
A
r
i
a
t
, Decathlon, Shanghai Goldtex Clothing and Bags Co,
P
i
k
e
u
r
, GPA,
H
o
r
s
e
w
a
r
e
, CASCO,
S
o
r
e
l
,
K
e
r
r
i
t
s
, and
E
q
u
e
t
e
c
h
.
EQUESTRIAN PROTECTIVE CLOTHING
The global equestrian protective clothing market is expected to reach
$331.61 million by 2022
at a compound annual growth rate of 2% from 2018.
The growing awareness and "popularity of equestrian events or house-riding events among the consumers is one of the key factors expected to impel the market’s growth
in the forthcoming years."
The market is fragmented. It is dominated by Ariat International,
Columbia Sportswear
Company, Mountain Horse, Noble Outfitters, and Parlanti International.
EQUINE HEALTHCARE
The global equine healthcare market (including supplements) was worth
$626.2 million in 2017
and is expected to reach over $800 million by 2026 at a
c
o
m
p
u
n
d
annual growth rate of 4% from 2018 to 2026.
The US and UK are supposedly the largest equine industries globally. The UK has over
446,000 horse-owning
households.
In terms of geography, "
North America
held the largest share in the global equine healthcare market."
Increasing popularity for horse racing, "high equine adoption rate in the household and substantial spending on animal healthcare are the
major growth factors."
Up to 7 million Americans are "
directly involved in t
he equine industry and more than 2 million are horse owners."
Europe is the second biggest equine healthcare market while Asia Pacific is predicted to see the
fastest growth by 2026.
The key players in the equine healthcare market include
"
Z
o
e
t
i
s
, Bayer AG,
B
o
e
h
r
i
n
g
e
r
I
n
g
e
l
h
e
i
m
(
M
e
r
i
a
l
),
V
e
t
o
q
u
i
n
o
l
S.A., Purina Animal Nutrition LLC, Merck & Co. (Merck Animal Health) among others."
View less