Uttar Pradesh had the highest horse and pony population across India, at about 76 thousand in 2019. The number of horses and ponies across the country declined significantly by nearly 46 percent between 2012 and 2019.

According to Cognitive Market Research, the global Horse Equipment market size is USD 2251.2 million in 2024 and will expand at a compound annual growth rate (CAGR) of 4.00% from 2024 to 2031.

North America held the major market of more than 40% of the global revenue with a market size of USD 900.48 million in 2024 and will grow at a compound annual growth rate (CAGR) of 2.2% from 2024 to 2031.
Europe accounted for a share of over 30% of the global market size of USD 675.36 million.
Asia Pacific held the market of around 23% of the global revenue with a market size of USD 517.78 million in 2024 and will grow at a compound annual growth rate (CAGR) of 6.0% from 2024 to 2031.
Latin America market of more than 5% of the global revenue with a market size of USD 112.56 million in 2024 and will grow at a compound annual growth rate (CAGR) of 3.4% from 2024 to 2031.
Middle East and Africa held the major market of around 2% of the global revenue with a market size of USD 45.02 million in 2024 and will grow at a compound annual growth rate (CAGR) of 3.7% from 2024 to 2031.
The performance held the highest Horse Equipment market revenue share in 2024

Market Dynamics of Horse Equipment Market

Key Drivers for Horse Equipment Market

Rising Participation in Equestrian Activities to Propel the Market Revenue Growth

The need for top-notch horse equipment is driven by rising interest in and involvement in equestrian activities, including dressage, eventing, show jumping, and horse racing. The market for specialist equipment and clothing grows as more individuals participate in these activities for competition, leisure, or recreation. For instance, according to the Georgia Agricultural Commodity Commission for Equine, roughly 4.6 million Americans are employed in some capacity by the horse industry. For just nine million American horses, the horse industry generates an annual economic effect of $39 billion. In the United States, 27 million individuals ride horses annually.

Rising Disposable Income of Population to Propel Market Growth

The market for horse equipment is expanding as a result of increased levels of disposable income and prosperity in emerging economies. People are more likely to invest in equestrian sports and buy top-notch equipment for themselves and their horses as their purchasing power increases. For instance, according to secondary analysis, the United States' per capita disposable personal income is currently $61579.00, up from $61449.00 in the previous month and $59439.00 in the previous year. This represents a 3.60% change from a year ago and a change of 0.21% from last month.

Source: ycharts.com/indicators/us_disposable_personal_income_per_capita

Restraint Factor for the Horse Equipment Market

Seasonal Demand to Limit the Expansion of the Market

Seasonal fluctuations can be seen in the horse equipment market, with demand usually reaching its highest point in certain seasons, such as the spring and summer when shows, competitions, and recreational riding are most common. To satisfy varying demand throughout the year, manufacturers and retailers may encounter difficulties in controlling inventory levels and maximizing production capacity. Thus, the seasonal demand for horse equipment might be a major restraining factor for the market growth during the forecast period.

Key Trends for Horse Equipment Market

Enhancing Attention on Tailored and Ergonomic Horse Equipment

Riders and horse owners are increasingly prioritizing comfort, safety, and performance, resulting in a heightened demand for customized saddles, bridles, and protective gear. Products designed with ergonomics in mind, specifically for both horse and rider, are becoming more popular in both professional and recreational markets. This trend is driving innovation and the premiumization of the horse equipment industry.

Expansion of E-Commerce and Digital Sales Platforms

The growth of digital retail channels is revolutionizing the marketing, sale, and distribution of horse equipment across various regions. Equestrian brands are allocating resources towards online storefronts, influencer marketing, and product visualization tools to enhance customer engagement. This trend is particularly crucial for niche and premium brands that aim to reach global equestrian communities.

Impact of Covid-19 on the Horse Equipment Market

The COVID-19 pandemi...

Brazil has the fourth largest equine herd in the world and the State of Minas Gerais has the largest equine population in the country. Therefore, an accurate diagnosis of cases of neurologic diseases is a priority in Minas Gerais. The aim of this study was to identify by Polymerase Chain Reaction (PCR) infectious agents associated with neurological disease in the central nervous system (CNS) of horses. A survey of encephalitis and encephalomyelitis in horses in Minas Gerais State was performed on samples of CNS from horses that died with neurological signs from January 2009 to January 2011. Forty seven CNS samples from 217 (21.7%) horses were positive for rabies virus by the indirect immunofluorescence assay and mouse inoculation. Among the 170 samples that were negative for rabies, EHV-1 was detected in 20 (11.8%) and the swine herpesvirus-1 (SHV-1) was detected in one sample by PCR, and the Saint Louis encephalitis virus (SLEV) was identified in another sample by reverse transcription (RT) and PCR (RT-PCR). Rabies virus is the most common causative agent of encephalitis in horses, despite the increasing number of cases of encephalitis associated with EHV-1 in the State of Minas Gerais.

Metrics are evaluated considering 2002 and 2014 observed values. Negative Δ % are for decrease in values over time. Δ/year % are the yearly changes over 12 years. Ecosystem stability is based on the real part of the dominant eigenvalue of the whole community (S12A Fig).

Top known motifs in each tissue, filtered by FDR q≤0.05. (XLSX)