The U.S. horse industry has an economic impact of around $122 billion, which is $20 billion dollars more than the estimation made in the 2005 study. The industry also employs around 1.74 million people, and is responsible for 7.2 million horses, with Texas, Florida and California having the highest horse populations.
How many jobs are there total in the equine industry?
The study estimates that 4.7 million people participate in the horse industry, 1.8 million of them as owners. The industry provides about 700,000 jobs across all sectors.
How large is the equine industry?
The $122 billion equine industry is a growing segment of the U.S. economy, employing 1.74 million people, according to a recent economic impact study.
How many people work in the equine industry UK?
With around 1m horses in the UK, the industry has a gross output of £3.8bn a year and provides full time employment of about 200,000, many in rural areas.
How much is the equine industry worth?
The Equine Industry: A Global Perspective
According to Alltech’s Steve Elliot, the annual economic impact of the equine industry is significant – involving some $300 billion dollars and 1.6 million full-time jobs.
What is the average income of a horse owner?
Approximately 34% of horse owners have a household income of less than $50,000 and 28% have an annual income of over $100,000. 46% of horse owners have an income of between $25,000 to $75,000. Over 70% of horse owners live in communities of 50,000 or less.
What are the top 10 horse producing states?
Among U. S. states, the AHC report puts Texas in the lead with 978,822 horses, followed by California with 698,345, Florida with 500,124, Oklahoma with 326,134, Kentucky with 320,173, Ohio with 306,898 and Missouri with 281,255.
What industries use horses?
Businesses directly or indirectly related to horses include equine nutrition, equipment, publications, veterinary care, education, and sports clothing.
Why is the horse industry important?
United States. The U.S. horse industry directly contributes $50 billion to the economy and provides about 988,000 jobs. Direct contribution refers to economic activity occurring within the horse industry itself, such as horse care or recreation.
Which country is the top horse meat producer?
In 2018, the ten largest producers of horse meat were:
How many horses will be in the UK in 2020?
The estimated horse population in Britain stands at 847,000.
Is the horse industry growing?
The Horse and Other Equine Production industry has experienced moderate growth over the five years to 2021, though declines in 2017 and in 2020 as a result of the COVID-19 (coronavirus) outbreak has caused industry revenue to display a downward annualized trend.
What are horses used for UK?
Horses and ponies began to be used in Britain’s mining pits in the 18th century, to haul “tubs” of coal and ore from the working face to the lifts, in deep mines, or to the surface in shallower mines. Many of these ponies were Shetlands, as their small size was combined with great strength.
How many horses are in the world?
It shows 58,372,106 horses in the world.