I know there are lots of predictions about doom and gloom and the end of horse showing, but I suspect not much will change.
The economy generally drives a lot of showing, particularly at the big rated shows. But even during recent recessions, shows like HITS and Wellyworld still ran pretty normally. The super wealthy are frequently somewhat insulated from downturns that affect regular people. They will continue to dominate the big circuits.
Those regular people - the ones with jobs, family responsibilities and so on, will continue to get squeezed, I think.
I predict that we will see a continued rise in alternative circuits - people who get tired of / see little value in all the association fees that the USEF and it’s associated subsidiaries charge will want a different playground. Local circuits are thriving in many areas - they offer competitions that look remarkably similar to USEF shows at considerably lower cost. Same venues, same footing, often even the same judges… what’s not to like? I used to love the shows we had in my area that ran two back to back one day shows over a weekend at nice facilities - you could ship in after work on a Friday, have a nice weekend with your friends, enjoy quality competition at a reasonable price, and be home in time to go back to work on Monday. They had nice prizes, a year end awards dinner, nice exhibitor amenities (hot chocolate at the ring on chilly days, for example - a “little thing” but it made us feel appreciated as customers.) There is always going to be a market for that.
I think there will be continued pressure on open space and that may mean fewer barns and training options, and/or options that are more expensive.