Global Horse Tack Equipment Market Size By Type (Saddles, Stirrups), By Application (Professional, Amateur), By Geographic Scope And Forecast

Horse Tack Equipment Market Size And Forecast

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

The growing interest of people in equestrian sports, particularly Horse riding, is the key driver for the Horse Tack Equipment Market. Furthermore, the rising number of horse riding training institutes such as riding schools and riding yards leads to the growth of the Horse Tack Equipment Market. Additionally, the increasing number of men and women taking part in this activity requires extra safety with respect to the equipment used for this sport. The sport’s rising popularity has been largely driven by the explosion of social media and celebrities influencing the riding for leisure. In recent times there has also been a significant shift in the ways elite people around the world are spending their money. With the growing spending on pets and animals, the market is also anticipated to grow during the forecasted period.

Horse racing is seen as a royal sport and is gaining extreme attention from the elite class. Hence with the increase in awareness amongst the customer and their will to get the best equipment for their horse, the Global Horse Tack Equipment Market is predicted to grow significantly during the forecasted period. Lastly, the shift toward suburban and rural living is also projected to increase enrolment in horse riding clubs, thereby boosting the demand for Horse Tack Equipment. The restraints in the growth of this market are the lack of a proper distribution channel and the confinement of the Horse Tack Equipment Market to only farms and cities with an active race track. However, with the domination of western culture globally, the market for Horse Tack Equipment will grow significantly.

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

Based on Type, The market is segmented into Saddles, Stirrups, Bridles, and Others. Saddles are riders’ seats, fastened to the horse’s back using a girth. The Saddle needs to be comfortable for both the rider and the horse because an improperly fitted saddle may create pressure on the horse’s back that can cause pain, leading to both the horse and the rider getting injured. Stirrups hang down on either side of the saddle and support the rider’s feet. They provide greater stability for the rider. Bridles have a bit attached to reins and are used for controlling, riding, and driving horses. Bridles are further divided into three typesEnglish Bridles, Western Bridles, and Double bridles. Saddles being the primary equipment has the largest market share and will continue to lead the market during the forecasted period.

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

On the basis of Regional Analysis, The Global Horse Tack Equipment Market is classified into North America (The U.S, Cannada), Europe (The U.K, Russia, France, Luxembourg, and the rest of Europe), Asia Pacific (India, China, Japan, South Korea), and Rest of the World (Latin America and Middle East Africa. Europe dominates the Global Horse Tack Equipment Market and will continue to do so even during the forecasted period, as the countries such as the U.K. have been pioneers of this sport along with having years of experience in breeding, training, and competing. North America, too has a significant number of clubs, which has increased participation in the sport through 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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• Qualitative and quantitative analysis of the market based on segmentation involving both economic as well as non-economic factors• Provision of market value (USD Billion) data for each segment and sub-segment• Indicates the region and segment that is expected to witness the fastest growth as well as to dominate the market• Analysis by geography highlighting the consumption of the product/service in the region as well as indicating the factors that are affecting the market within each region• Competitive landscape which incorporates the market ranking of the major players, along with new service/product launches, partnerships, business expansions, and acquisitions in the past five years of companies profiled• Extensive company profiles comprising of company overview, company insights, product benchmarking, and SWOT analysis for the major market players• The current as well as the future market outlook of the industry with respect to recent developments which involve growth opportunities and drivers as well as challenges and restraints of both emerging as well as developed regions• Includes in-depth analysis of the market from various perspectives through Porter’s five forces analysis• Provides insight into the market through Value Chain• Market dynamics scenario, along with growth opportunities of the market in the years to come• 6-month post-sales analyst support

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