The global Horse Stable Supplies Market size is estimated to be valued at USD 1.5 Billion in 2022 and is projected to reach USD 2.7 Billion by 2032. The market is anticipated to exhibit growth at a CAGR of 6.0% from 2022 to 2032. Current share of horse stable supplies in the pet care market is approximately ~0.5%-1%.
Attributes | Key Statistics |
---|---|
Global Horse Stable Supplies Market Estimated Size (2022) | USD 1.5 Billion |
Projected Market Valuation (2032) | USD 2.7 Billion |
Value-based CAGR (2022 to 2032) | 6.0% |
Collective Value Share: Top Players | ~1%-5% |
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The global horse stable supplies market is expected to grow at a steady pace in the next decade on the back of increasing awareness about the availability of various products amongst horse owners.
It is further set to encourage owners to pay close attention to the needs of their pet horse, which would create surging demand for horse stable supplies in the market.
Top 2 Trends Fueling Growth in the Global Horse Stable Supplies Market
Awareness about Equestrian Products
Ongoing trend of pet humanization and increasing awareness among customers regarding equestrian products are anticipated to spur growth in the market. Increasing horse adoption is also set to have a positive impact on the market.
Availability of a large number of products in numerous platforms, including brick-and-mortar stores and online channels is anticipated to attract more customers. Brands would be able to create new advertisements for social media platforms to expand their presence.
Participation in Equestrian Sports
Rising participation in equestrian sports is set to surge the number of people adopting horses in low- and middle-income countries. High disposable income in these countries would also create new growth opportunities for key players in the upcoming decade. Surging demand for premium product across the globe owing to their ability to provide the required level of usefulness is another factor that would aid growth.
Rise of Equestrian Sports in China to Push Demand for Horse Stall Supplies
The China horse stable supplies market is expected to showcase a healthy CAGR of 6% during the forecast period, says FMI. Growth is attributed to the rise of equestrian sports in the country. Entry of various new players in China is another vital factor that would create growth opportunities in the country.
Rising Number of Horse Owners to Drive Sales of Horse Stable Materials
The USA has been one of the leading revenue-generating countries in the North America horse stable supplies market. Increasing number of both private and commercial horse owners in the USA is likely to drive growth in the market.
As per FMI, the USA horse stable supplies market is expected to grow at a CAGR of 3% in the forecast period from 2022 to 2032. Development of unique products associated with cleanliness and safety is another factor that would propel growth in the USA market.
Increasing Number of Private Customers to Boost Demand for Equine Barn Supplies
Historically, horse racing has been one of the most popular sports in the UK It has led the country to become one of the major markets with high demand for products related to horse stables.
As per FMI, the UK horse stable supplies market is projected to grow at a CAGR of 2% in the evaluation period. Recreational horse riding and increasing horse adoption among private customers are anticipated to provide manufacturers with an opportunity to target the UK market in the forecast period.
Barn and Stable Supplies like Disinfectants and Deodorizers to Gain Impetus
By product type, the disinfectants and deodorizers category is likely to lead the horse stable supplies market owing to increasing concerns associated with cleanliness-related health issues.
Owners are also striving to provide a safe horse stable environment to protect their horses from various diseases. The disinfectants and deodorizers segment is expected to generate nearly 21.1% of the global horse stable supplies market share in the upcoming decade, finds FMI.
Private Customers to Adopt High-quality Equestrian Stable Equipment
Based on end user, the private segment is projected to dominate the horse stable supplies market on the back of rising adoption of horses by high-net-worth individuals for participating in various recreational activities. Thus, key players are anticipated to come up with high-quality products for horses to generate more shares.
Humanization of Pets to Augment Demand for Premium Equine Barn Supplies
Increasing adoption of horses with growing trend of pet humanization is expected to drive the premium segment in the forthcoming years. Customers nowadays pay extra amount for premium products as long as they promise to provide them with the best experience possible.
Customers to Buy Equestrian Stable Accessories from Specialty Stores
By sales channel, the specialty stores segment is projected to remain at the forefront in the horse stable supplies market. Growth is attributable to rising consumer preference for purchasing required supplies at a trusted place as some of the products are big-ticket purchases.
Also, high demand for personalized products is anticipated to drive the segment. However, sales of horse stable supplies through direct and online sales channels are likely to grow in the assessment period with changing customer preferences.
Key players in the global horse stable suppliers market have started focusing on delivering luxury products to clients owing to increasing number of high-net-worth customers across the globe.
A few other companies are engaging in collaborations with graphic designers to create attractive packaging of various products required in the stable to gain a large consumer base.
For instance,
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Attribute | Details |
---|---|
Estimated Market Size (2022) | USD 1.5 Billion |
Projected Market Valuation (2032) | USD 2.7 Billion |
Value-based CAGR (2022 to 2032) | 6.0% |
Forecast Period | 2022 to 2032 |
Historical Data Available for | 2017 to 2021 |
Market Analysis | Value (USD Billion) |
Key Regions Covered | North America; Latin America; Europe; East Asia; South Asia; Oceania; and MEA. |
Key Countries Covered | United States, Canada, Brazil, Mexico, Germany, UK, France, Spain, Italy, Russia, Benelux, South Africa, Northern Africa, GCC Countries, China, Japan, South Korea, India, Thailand, Malaysia, Indonesia, Australia, and New Zealand. |
Key Segments Covered | Product Type, End User, Price Range, Sales Channels, and Region |
Key Companies Profiled | Burlingham Sports; Manna Pro; AHC Products. Inc.; Saratoga Horseworks, Ltd.; Kensington Protective; Little Giant; TuffRider; HorZe; Mountain Horse; Partrade; Tough-1; Farnam Companies, Inc.; Martin Saddlery; Gatsby Ltd.; K&H Pet; Farm Innovators Co.; Back On Track |
Report Coverage | Market Forecast, Company Share Analysis, Competition Intelligence, DROT Analysis, Market Dynamics and Challenges, and Strategic Growth Initiatives |
The global horse stable supplies market is set to be valued at USD 1.5 Billion in 2022.
The global horse stable supplies market is expected to grow at a CAGR of around 6.0% in the forecast period.
Emergence of private customers, increasing demand for premium products, and humanization of pets around the globe are some of the key trends driving the market.
Some of the key players in the global horse stable supplies market are Burlingham Sports, Manna Pro, AHC Products. Inc., Saratoga Horseworks, Ltd., Farm Innovators Co., and Back On Track.
1. Executive Summary 2. Market Overview 3. Market Background 4. Global Horse Stable Supplies Market Analysis 2017 to 2021 and Forecast 2022 to 2032 5. Global Horse Stable Supplies Market Analysis 2017 to 2021 and Forecast 2022 to 2032, By Product Type 5.1. Cleaning Supplies 5.2. Disinfectants and Deodorizers 5.3. Feeding Tools 5.4. Horse Accessories 5.5. Others 6. Global Horse Stable Supplies Market Analysis 2017 to 2021 and Forecast 2022 to 2032, By End User 6.1. Private 6.2. Commercial 7. Global Horse Stable Supplies Market Analysis 2017 to 2021 and Forecast 2022 to 2032, By Price Range 7.1. Economic 7.2. Median 7.3. Premium 8. Global Horse Stable Supplies Market Analysis 2017 to 2021 and Forecast 2022 to 2032, By Sales Channel 8.1. Specialty Stores 8.2. Supermarkets 8.3. Direct Sales 8.4. Online Retailers 8.5. Retail Sales 8.6. Other Channels 9. Global Horse Stable Supplies Market Analysis 2017 to 2021 and Forecast 2022 to 2032, By Region 9.1. North America 9.2. Latin America 9.3. Europe 9.4. East Asia 9.5. South Asia 9.6. Oceania 9.7. MEA 10. North America Horse Stable Supplies Market Analysis 2017 to 2021 and Forecast 2022 to 2032, By Country 11. Latin America Horse Stable Supplies Market Analysis 2017 to 2021 and Forecast 2022 to 2032, By Country 12. Europe Horse Stable Supplies Market Analysis 2017 to 2021 and Forecast 2022 to 2032, By Country 13. East Asia Horse Stable Supplies Market Analysis 2017 to 2021 and Forecast 2022 to 2032, By Country 14. South Asia Horse Stable Supplies Market Analysis 2017 to 2021 and Forecast 2022 to 2032, By Country 15. Oceania Horse Stable Supplies Market Analysis 2017 to 2021 and Forecast 2022 to 2032, By Country 16. MEA Horse Stable Supplies Market Analysis 2017 to 2021 and Forecast 2022 to 2032, By Country 17. Key Countries Horse Stable Supplies Market Analysis 18. Market Structure Analysis 19. Competition Analysis 19.1. Burlingham Sports 19.2. Manna Pro 19.3. AHC Products, Inc. 19.4. Saratoga Horseworks, Ltd. 19.5. Kensington Protective 19.6. Little Giant 19.7. TuffRider 19.8. HorZe 19.9. Mountain Horse 19.10. Partrade 19.11. Tough-1 19.12. Farnam Companies, Inc. 19.13. Martin Saddlery 19.14. Gatsby Ltd. 19.15. K&H Pet 19.16. Farm Innovators Co. 19.17. Back On Track 20. Assumptions & Acronyms Used 21. Research Methodology
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