Thoroughbred racing comes to mind when thinking of horses in Kentucky, but the horse community is much more diverse as only 20% of horses in Kentucky are involved in racing. The other 80% are mainly pleasure and show horses and represent a huge economic consumer base.* The overwhelming majority of horse owners in Kentucky have chosen to spend their disposable time and income living the equestrian lifestyle.
* The Kentucky Horse Council www.kentuckyhorse.org.
Equestrians are typically active, affluent, and mobile. Direct, indirect and induced economic impacts of the industry on United States and individual
state economies include:
- Nationally, $102 billion via direct, indirect and induced spending
- 1.4 million full-time equivalent jobs produced
Source: American Horse Council 2005 Study by Deloitte Consulting
Equestrians live a lifestyle, not just compete in a sport. This passion
translates into a committed market creating opportunities for sponsors.
- 91% describe themselves as "passionate about horses"
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87% define horses as "one of the most important things in my life"
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74% prefer attending equestrian events to all other outdoor sports events
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76% are more likely to buy products and services from companies that sponsor equestrian events
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58% would participate in on-site trials of non-horse related products at equestrian events
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86% would take advantage of equine-related products at the same events
Source: www.usef.org statistics
U.S. Equestrian Federation (USEF) Member Demographics:USEF Members spend an average of $16,000 annually/person on equine-related
purchases, not including horses or travel
- 85% are women
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66% have a minimum 4-year-college degree or better
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80% make or directly influence purchasing decisions at work
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38% have a net worth over $500,000
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56% are employed full-time
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63% have traded stocks, bonds, or mutual funds in the last year
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22% own two or more homes
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Market value of the average home is $594,000
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Have an average income of $185,000
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Own an average of three vehicles
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Own an average of four horses
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Spend an average 30 nights per year in a hotel
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94% own a pet other than a horse or pony and of those average
2.1 cats, 2 dogs, and 1.5 other pets
Source: www.usef.org statistics