| Product Code: ETC386905 | Publication Date: Aug 2022 | Updated Date: Nov 2025 | Product Type: Market Research Report | |
| Publisher: 6Wresearch | Author: Ravi Bhandari | No. of Pages: 75 | No. of Figures: 35 | No. of Tables: 20 |
Thailand import trend for the horse riding equipment market showed a growth rate of 3.44% from 2023 to 2024, with a Compound Annual Growth Rate (CAGR) of 15.05% from 2020 to 2024. This increase in import momentum can be attributed to the rising demand for quality equestrian products in the region, indicating a stable and growing market for horse riding equipment.
The horse riding equipment market in Thailand has experienced steady growth in recent years, primarily driven by the expanding equestrian community and a rising interest in equestrian sports. Horseback riding has gained popularity as a recreational activity, and this has led to increased demand for riding gear, including saddles, bridles, riding apparel, and grooming supplies. The market is characterized by both domestic manufacturers and imported brands, offering a variety of options for riders of different skill levels and disciplines.
The horse riding equipment market in Thailand has witnessed steady growth in recent years, primarily driven by the rising popularity of equestrian sports and recreational horse riding. A key driver of this market is the increasing disposable income of the Thai population, enabling more people to afford horse riding as a leisure activity. Furthermore, there has been a growing interest in competitive horse riding events and horse racing in Thailand, which has boosted the demand for high-quality riding equipment. Additionally, the tourism sector has played a pivotal role in driving this market, as tourists often seek out horse riding experiences. This has led to an increased demand for rental riding equipment in tourist destinations. As a result, both domestic and international demand for horse riding equipment is expected to continue driving the market forward.
The Thailand horse riding equipment market faces challenges related to a relatively niche customer base. Horse riding is not as popular in Thailand as it is in some other countries, which means that the market size is limited. Importing horse riding equipment can be expensive, and there may be limited availability of specialized products. Additionally, the need for proper training and facilities for horse riding adds to the overall cost, which can deter potential enthusiasts. Building awareness and infrastructure for horse riding is essential to growing this market.
The horse riding equipment market in Thailand experienced significant disruptions due to the COVID-19 pandemic. As lockdowns and restrictions limited outdoor activities and equestrian events, the demand for horse riding equipment, including saddles, bridles, and riding apparel, decreased substantially. Equestrian centers faced financial challenges, leading to reduced investment in equipment. Moreover, supply chain disruptions and production delays from global manufacturers added to the woes of local businesses. Despite these challenges, there is optimism for a gradual recovery as restrictions ease, and the equestrian community regains its momentum.
The horse riding equipment market in Thailand is a niche segment primarily catering to equestrian enthusiasts and professionals. Leading players in this market might include specialty equestrian stores and online retailers specializing in horse riding gear. While it is a niche market, these players are essential for serving the specific needs of the horse riding community in Thailand.
Export potential enables firms to identify high-growth global markets with greater confidence by combining advanced trade intelligence with a structured quantitative methodology. The framework analyzes emerging demand trends and country-level import patterns while integrating macroeconomic and trade datasets such as GDP and population forecasts, bilateral import–export flows, tariff structures, elasticity differentials between developed and developing economies, geographic distance, and import demand projections. Using weighted trade values from 2020–2024 as the base period to project country-to-country export potential for 2030, these inputs are operationalized through calculated drivers such as gravity model parameters, tariff impact factors, and projected GDP per-capita growth. Through an analysis of hidden potentials, demand hotspots, and market conditions that are most favorable to success, this method enables firms to focus on target countries, maximize returns, and global expansion with data, backed by accuracy.
By factoring in the projected importer demand gap that is currently unmet and could be potential opportunity, it identifies the potential for the Exporter (Country) among 190 countries, against the general trade analysis, which identifies the biggest importer or exporter.
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