The horse corral panels market is predicted to be worth US$ 283 million in 2023, and rise to US$ 488 million by 2033. Demand is expected to increase at a CAGR of 5.6% over the course of the projected period.
More need for horse safety, more opportunities to ride horses, and increased interest in recreational activities are driving the market for horse corral panels. Horse corral panels have grown in favor among owners and trainers due to their ability to safely confine and separate horses from one another.
The market has benefited from the advent of several new materials, including plastic and aluminum, which have increased the panels’ robustness and affordability. The key growth factors of horse corral panels include the expansion of the commercial sector and a strong demand for long-lasting fence options.
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Horse corral panels are in high demand in the commercial sector due to their many applications as fencing, containment, and training tools. Due to the rise in horse ownership and the acceptance of equine sports, horse corral panels are becoming more widely used in the commercial sector. The introduction of innovative materials and designs is expected to further fuel the market share.
Key Takeaways
- In 2022, the US rules the horse corral panels market, with a share of 28.8%.
- The market for horse corral panels increased at a 5% CAGR between 2016 and 2022, citing FMI’s study.
- The expansion in China is anticipated to expand at an adequate CAGR of 4.5% by 2033. China’s market is likely to generate a share of US$ 42.8 million by 2033.
- Japan’s market share for horse corral panels is 4.8% in 2022 due to the growing poultry sector.
- Between 2023 and 2033, the horse corral panels market is likely to increase in India at 6.6% CAGR, respectively.
- The expansion in the UK is anticipated to expand at an adequate CAGR of 6% by 2033. The UK’s market is expected to generate a share of US$ 44.6 million by 2033.
- Germany’s market share for horse corral panels is 15.7%, with the worth of US$ 42.8 million in 2022.
- According to the American Veterinary Medical Association, there were 64% fewer horse-related injuries and fatalities between 2009 and 2018.
- While there were 63 percent fewer non-fatal incidents involving horses, there were 67 percent fewer fatal accidents involving horses.
Key Strategies by Horse Corral Panels Manufacturers
Companies competing for customers in the industry are offering cutting-edge products, such as panels with greater strength and durability, customized designs, and contemporary materials. Businesses are also significantly increasing their investments in R&D to keep ahead of the competition.
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Recent Developments:
- HorseGuard offers a range of horse corral panels and accessories. Their panels have a surface that won’t corrode and a sturdy galvanized steel frame. With the range of included accessories, one may customize the corral to suit their needs by adding gates, panels, and feeders.
- A line of galvanized steel horse corral panels has just been revealed by Behlen, a renowned manufacturer of steel building products.
- Gallagher is the top manufacturer of horse corral panels. From lightweight, portable panels to strong, long-lasting fencing solutions, they provide it all. They offer a wide variety of sizes and styles to meet the needs of any horse owner.
Key segments
By Size:
- Width
- 5-10 Ft
- 11-15 Ft
- 16-20 Ft
- Height
- 40-50 Inch
- Above 50 inch
By Number of Panels:
- 2
- 3
- 4
- 5
- 6
- More Than 6
By Material:
- Metal
- Steel
- Iron
By Region:
- North America
- Latin America
- Europe
- East Asia
- South Asia Pacific
- Middle East and Africa
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About Future Market Insights (FMI)
Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 400 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.
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