1 Global Horsewear Market Size (Revenue) and CAGR (2024-2033)
Global Horsewear market generated revenue of USD 2399.73 Million in 2024 with a CAGR of 8.6% during 2024 to 2033.
In conclusion, the global horsewear market is poised for continued growth, with a CAGR of 8.6% from 2024 to 2033. While challenges such as raw material price fluctuations and safety concerns exist, the market is well-supported by strong drivers and positive trends, particularly in the areas of product innovation and e-commerce expansion.
Figure Global Horsewear Market Size (M USD) Outlook (2024-2033)
2 Horsewear Market Trends
Table Global Horsewear Market Trends
Market Trends | Description |
The promotion of equestrian sports events promotes market development | As one of the Olympic events, equestrian sports has brought a lot of room for development to the global horsewear market. The prestige and popularity of international equestrian events such as the Olympic Games and the World Equestrian Games continue to increase, including the Olympic Games, Paralympics, Pan American Games (PAG) and World Equestrian Games (WEG), as well as the International Equestrian Federation Cup™ dressage and triathlon Competitions, jumping, driving and horse vaulting competitions; World Cup finals and Youth and Young Drivers Championship (NAJYRC); and American Equestrian Championships and finals. As people’s participation in these activities continues to increase, it will directly drive the demand for horsewear products. At the same time, equestrian sports are getting more and more attention from the public, which will stimulate more people’s interest in owning horses and participating in equestrian events, stimulate the demand for horse equipment, and promote the development of the horsewear market. |
Innovative upgrade of Horsewear products | With technological innovation and progress, more new materials and new technologies will be widely used in harnesses in the future. Manufacturers of horsewear will invest more in research and development, innovation, and production activities to create horsewear products that provide maximum comfort and convenience. The introduction of smart technology into horsewear may be a major trend in the future. horsewear products will use more sensors, the Internet of Things, and other technologies to provide a safer and more efficient horse racing experience. Therefore, new horse tack equipment equipped with high-quality materials and cutting-edge technology is expected to bring huge growth opportunities to the global horsewear market. |
The development of e-commerce channels | The strong development in the field of e-commerce will also bring development opportunities to the global horsewear market. The substantial growth of the e-commerce industry has created numerous opportunities for product manufacturers and distributors operating in the harness market to sell their products through online platforms. Some manufacturers and suppliers focus on selling their products on various e-commerce platforms to meet the needs of a wide range of customers around the world. It is expected to promote the global expansion of the market. |
3 Global Horsewear Market by Type in 2024
The global horsewear market is a specialized sector that caters to the needs of horses, distinct from products designed for horse riders. This market encompasses a wide range of products such as horse blankets, saddles, reins, and masks, which are used in both daily care and sports activities.
In 2024, the horsewear market was segmented into several key product types, each with its own market size and share. The most significant product type was Horse Rugs & Hood, which accounted for 20.29% of the total market share. This category includes a variety of blankets and hoods designed to protect horses from the elements and maintain their comfort. The market size for this segment was substantial, reflecting the essential nature of these products for horse care.
Following closely was Saddle Pads & Half Pads, which held a market share of 16.11%. These products are crucial for enhancing the comfort and fit of saddles, ensuring that horses can perform at their best during riding sessions. The market size for saddle pads and half pads was also considerable, indicating a high demand for these accessories among horse owners and riders.
Halters, Leads, Bridles & Reins constituted 15.46% of the market share. These items are fundamental for the control and guidance of horses, both in training and during equestrian events. The market size for this category was robust, underscoring the importance of these basic yet essential horsewear items.
Saddles had a market share of 8.53%, while Girths/Cinches and Stirrups held shares of 10.53% and 9.22%, respectively. These product types, although smaller in market share, are integral to the equestrian experience and contribute significantly to the overall market.
Among the various product types, Leg Covers & Protection emerged as the fastest-growing segment in 2024. This category, which includes items designed to protect the legs of horses from injuries and the elements, saw a significant increase in demand. The growing awareness of the importance of injury prevention and the increasing participation in equestrian sports contributed to the rapid growth of this market segment. The market share for leg covers and protection was 8.73%, and the growth rate was notable, indicating a shift in consumer priorities towards protective gear for horses.
Table Global Horsewear Market Size and Share by Type in 2024
Type | Market Size (K Units) | Market Share |
|---|---|---|
Horse Rugs & Hood | 4287.7 | 20.29% |
Saddle Pads & Half Pads | 3403.2 | 16.11% |
Halters, Leads, Bridles & Reins | 3266.5 | 15.46% |
Saddles | 1802.7 | 8.53% |
Girths/Cinches | 2225.2 | 10.53% |
Stirrups | 1947.5 | 9.22% |
Fly Veils & Masks | 1392.5 | 6.59% |
Leg Covers & Protection | 1843.5 | 8.73% |
Others | 959.3 | 4.54% |
Total | 21128.1 | 100.00% |
4 Global Horsewear Market by Application in 2024
The horsewear market is also defined by its applications, which primarily include Equestrian Entertainment and Equestrian Competition. In 2024, Equestrian Entertainment was the dominant application, accounting for 70.12% of the total market share. This application encompasses a wide range of activities such as horse shows, trail riding, and recreational horseback riding. The market size for equestrian entertainment was vast, reflecting the widespread popularity of horse-related leisure activities.
Equestrian Competition was the second major application, with a market share of 19.83%. This category includes professional equestrian events such as show jumping, dressage, and eventing. The market size for equestrian competition was significant, highlighting the importance of high-quality horsewear in competitive settings.
While both applications are crucial to the horsewear market, Equestrian Competition showed a slightly faster growth rate in 2024. The increasing professionalization of equestrian sports and the growing number of international competitions contributed to the higher demand for specialized horsewear in this segment. The need for advanced and technologically enhanced products to improve horse performance and safety in competitive environments drove the growth of this application.
Table Global Horsewear Market Size and Share by Application in 2024
Application | Market Size (K Units) | Market Share |
|---|---|---|
Equestrian Entertainment | 14815.2 | 70.12% |
Equestrian Competition | 4190.5 | 19.83% |
Others | 2122.4 | 10.05% |
Total | 21128.1 | 100.00% |
5 Global Horsewear Market by Region in 2024
In 2024, the horsewear market was spread across several major regions, each with its own market size and share. Europe was the largest regional market by revenue, accounting for 42.61% of the total market share. This region’s dominance can be attributed to its rich equestrian tradition, a large number of professional equestrian events, and a high demand for high-quality horsewear products. The market size in Europe was substantial, reflecting the region’s strong economic foundation and a well-established equestrian industry.
North America followed closely, with a market share of 38.14%. The United States and Canada, in particular, contributed significantly to this share. The region’s growth was driven by increasing participation in equestrian sports, a growing number of horse owners, and a strong focus on horse health and welfare. The market size in North America was also considerable, indicating a robust demand for a wide range of horsewear products.
The Asia-Pacific region was the fastest-growing region in 2024, with a market share of 11.42%. This growth can be attributed to the increasing popularity of equestrian sports in countries like China and India, as well as the region’s growing middle class, which has led to a higher disposable income and increased spending on leisure activities. The market size in the Asia-Pacific region was expanding rapidly, presenting significant opportunities for market expansion.
Latin America and the Middle East and Africa also contributed to the global horsewear market, with shares of 4.16% and 3.68%, respectively. These regions showed steady growth, driven by local equestrian events and a growing interest in horse care and sports.
Table Global Horsewear Market Size, Region Wise in 2024
Region | Market Size (K Units) | Market Share |
|---|---|---|
North America | 8057.2 | 38.14% |
Europe | 9003.0 | 42.61% |
Asia Pacific | 2412.8 | 11.42% |
Latin America | 877.9 | 4.16% |
Middle East and Africa | 777.1 | 3.68% |
Total | 21128.1 | 100.00% |
Figure Global Horsewear Revenue Market Share by Region in 2024
6 Global Horsewear Market Top 3 Players
Company Introduction and Business Overview: Horseware Ireland, established in 1985 and headquartered in Ireland, is a global leader in horse blankets and horse products. The company is known for its innovative and high-quality products, which are sold in over 70 countries worldwide. Horseware Ireland’s Rambo rugs are world leaders in innovation, quality, and fit, and the company has a strong reputation for its focus on horse welfare and comfort.
Products Offered: Horseware Ireland offers a wide range of products, including horse blankets, rugs, and hoods. Their flagship product, the Rambo Wug, features a high collar design suitable for horses with narrow statures and high shoulders. The company also offers the Amigo® Bridle, made from quality eco-friendly leather, with padded and shaped nosebands, browbands, and throat-lashes.
Revenue in 2022: Horseware Ireland reported a revenue of 49.85 million USD, reflecting its strong market position and continued growth.
Company Introduction and Business Overview: Voltaire Group, established in 2010 and headquartered in France, is a leading manufacturer of high-end sports saddlery. The company has gained a reputation for its bold innovation strategy and has become one of the world’s leaders in premium equestrian equipment. Voltaire Group operates in Europe and America, with a global distribution network and a strong focus on export markets.
Products Offered: Voltaire Group offers a variety of products, including the Palm Beach saddle, known for its elegance and comfort. The company also produces the Voltaire Design Hunter Girth, which provides extreme comfort to horses and stability for riders. Their products are designed to enhance performance and safety in equestrian sports.
Revenue in 2022: In 2022, Voltaire Group reported a revenue of 23.68 million USD, showcasing its significant market share and ongoing success in the high-end equestrian market.
Company Introduction and Business Overview: Hööks Hästsport, established in 1931 and headquartered in Scandinavia, is a leading company in the Scandinavian equestrian industry. The company offers a wide range of products for riders, horses, dogs, and cats, with a large network of stores in Sweden, Norway, Denmark, and Finland. Hööks Hästsport is known for its commitment to quality and customer service, and its products are sold through both physical stores and online platforms.
Products Offered: Hööks Hästsport offers a variety of horsewear products, including the Stable rug Ross Fairfield®, a thin, unlined, sweat-resistant carpet made from durable, tear-resistant fabric. The company also produces the Brushing Boots Classic Eskadron, multi-layer bristle boots with soft lining and breathable technology, designed to provide comfort and protection for horses.
Revenue in 2022: In 2022, Hööks Hästsport reported a revenue of 19.20 million USD, highlighting its strong presence in the European market and its continued growth in the equestrian sector.
Table Global Horsewear Revenue Share of Top3 Players in 2022
Company | 2022 |
Horseware Ireland | 2.28% |
Voltaire Group | 1.08% |
Hööks Hästsport | 0.88% |