Global Horse Tack Equipment Market Size By Type (Saddles, Stirrups), By Application (Professional, Amateur), By Geographic Scope And Forecast
Published Date: August - 2024 | Publisher: MIR | No of Pages: 320 | Industry: latest updates trending Report | Format: Report available in PDF / Excel Format
Horse Tack Equipment Market size was valued at USD 1.61 Billion in 2021 and is projected to reach USD 2.40 Billion by 2030, growing at a CAGR of 4.65% from 2022 to 2030.
The increasing interest of people in Horse riding and huge investments by the elites in the Horse Races are the key drivers for the Horse Tack Equipment Market. The Global Horse Tack Equipment Market report provides a holistic evaluation of the market. The report offers a comprehensive analysis of key segments, trends, drivers, restraints, competitive landscape, and factors that are playing a substantial role in the market.
Global Horse Tack Equipment Market Definition
Horse Tack equipment is the accessories equipped on horses in the course of their use as domesticated animals. This equipment includes saddles, stirrups, bridles, halters, reins, bits, and harnesses. Riding a horse without the Tack Equipment can be very uncomfortable and dangerous. Horse tack can be used by both professional riders and amateur riders who are learning horse riding.
Global Horse Tack Equipment Market Overview
People are really getting into horse sports, especially horse riding, and that's a big reason the Horse Tack Equipment Market is growing. Plus, there are more and more places teaching people how to ride, like riding schools and riding yards, which also helps the market. As more men and women jump into the saddle, they need proper safety gear. And let's be honest, thanks to social media and celebs, riding for fun is super popular! Nowadays, wealthy folks are spending their money differently. Since they're spending more on their pets and animals, you can bet the horse tack market is going to keep growing too.
Horse racing, with its royal connections, is really catching on with the high society crowd! And because people are becoming more aware and want the best gear for their horses, the Global Horse Tack Equipment Market is expected to really take off in the coming years. Plus, more folks are moving to the suburbs and countryside, which means more interest in horse riding clubs, further fueling the demand for Horse Tack Equipment. Now, it's not all smooth sailing – a big challenge is the lack of good places to buy the stuff, and the fact that the market is mostly limited to farms and cities with racetracks. But, with Western culture becoming more popular around the world, the future looks bright for the Horse Tack Equipment market.
Global Horse Tack Equipment MarketSegmentation Analysis
The Global Horse Tack Equipment Market is segmented on the basis of Type, Application, And Geography.
Horse Tack Equipment Market, By Type
• Saddles• Stirrups• Bridles• Others
So, when we talk about what's being sold, we're looking at things like Saddles, Stirrups, Bridles, and, well, everything else! Saddles, of course, are where the rider sits – strapped onto the horse with a girth. And it's super important that the saddle fits right, for both the rider and the horse. A bad fit can put pressure on the horse's back, causing pain, and potentially leading to injuries for everyone involved. Stirrups? Those hang down and give the rider a place to put their feet, offering better balance. Now, Bridles are how you control the horse, with a bit and reins. You've got different kinds, tooEnglish Bridles, Western Bridles, and even fancy Double bridles. Since saddles are such key pieces of gear, they currently dominate the market, and we expect them to keep leading the way for the foreseeable future.
Horse Tack Equipment Market, By Application
• Professional• Amateur
Based on Application, The market is segmented into Professional and Amateur. For Professional riders, the Tack Equipment is designed with a high focus on human safety and comfort for the horse. While for amateur riders, the primary focus is on the safety and comfort of the riders. The Professional segment is anticipated to lead the market during the forecasted period.
Horse Tack Equipment Market, By Geography
• North America• Europe• Asia Pacific• Rest of the world
So, when we look at different regions, the global Horse Tack Equipment Market breaks down into a few key areasNorth America (that's The U.S. and Canada), Europe (think The U.K., Russia, France, Luxembourg, and all the other European countries), Asia Pacific (including India, China, Japan, and South Korea), and finally, the Rest of the World (mainly Latin America and Middle East & Africa). Right now, Europe is really leading the way in this market, and it's expected to stay that way. Countries like The U.K. have been at this for ages, with tons of experience in breeding, training, and competing. But North America is also a big player – they've got a bunch of clubs that have really helped get more people involved in the sport over the years.
Key Players
The “Global Horse Tack Equipment Market” study report will provide valuable insight emphasizing the global market. The major players in the market are Prestige, Bruno Delgrange, STUBBEN, Passier, Pessoa, IKONIC , Dublin, Kingsland, Torpol, Devoucoux.
Our market analysis also entails a section solely dedicated to such major players wherein our analysts provide an insight into the financial statements of all the major players, along with its product benchmarking and SWOT analysis. The competitive landscape section also includes key development strategies, market share, and market ranking analysis of the above-mentioned players globally.
Key Developments
• In Sept. 2021, The North Okanagan Therapeutic Riding Association (NOTRA) hoped that the public could help the organization by purchasing some riding items. NOTRA held its huge Horse Tack Sale fundraiser on Oct. 2nd at Historic O’Keefe Ranch in NOTRA’s riding area. There was a very large selection of gently used Western saddles, English saddles, saddle pads, blankets, sheets, boots, breeches, halters, bridles, reins, bits, wraps, helmets, and much more.
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We dive deep, using both numbers and insights to understand the market by breaking it down into different groups based on things like income and lifestyle. You'll get the market size in USD Billion for each of these groups. Plus, we'll pinpoint the region and segment that's predicted to grow the fastest and lead the pack. We'll also explore how the product is used in different areas, highlighting what's driving or holding back the market in each one. The report features a competitive landscape showing where the big players stand, along with details on their latest innovations, alliances, expansions, and acquisitions over the last five years. You'll find detailed company profiles with overviews, insights, product comparisons, and SWOT analyses for the major players. We give you a clear picture of where the market is now and where it's heading, looking at recent trends, opportunities, and the hurdles in both new and established markets. Expect an in-depth look at the market from all angles using
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