Australia Asset Management Market Report and Forecast 2025-2034

Australia Asset Management Market Outlook

The Australia asset management market size was valued at USD 3.27 billion in 2023. The market is further projected to grow at a CAGR of 6.9% between 2024 and 2032, reaching a value of USD 6.00 billion by 2032.

Key Takeaways

• In December 2023, the total funds managed by Australia rose by USD 176.6 billion, reaching a total of USD 4,751.5 billion.

• Currently, AUD 892.0 billion worth of assets are being managed globally Macquarie Group Limited. 

• As per industry reports, Australia’s private hospital sector, currently worth around USD 25 billion, is poised for growth over the next two decades.

• In 2023, CBRE sold a newly developed health building located in the heart of the Sunshine Coast Health Precinct for USD 28.9 million, which reflects investor confidence in healthcare assets.

Some of the key drivers aiding the Australia asset management market growth include the increasing integration of environmental, social, and governance (ESG) and sustainability initiatives, reflecting a growing focus on responsible investing practices. Due to this, asset managers are revamping their corporate structures to align with investor expectations, regulatory requirements, and mitigate reputational risks. The rise of ESG assets globally, expected to surpass USD 53 billion by 2025, is driving investment decisions towards sustainable practices.

The increasing adoption of Artificial Intelligence (AI) and digital transformation is revolutionising the Australia asset management sector. This trend is driving cost savings, enhancing risk management capabilities, and streamlining processes across various functions within asset management firms, positioning them for competitive advantage in a rapidly evolving market.

Moreover, economic uncertainties, recessionary fears, and evolving interest rate policies are influencing investment strategies and asset class performance. Asset managers are navigating this 'new normal' of market volatility by seeking opportunities that mitigate risks and optimise returns in a changing economic environment. This is increasing the Australia asset management market share by shaping investment decisions and portfolio diversification strategies.

Companies like AssetWorks and IBM Maximo offer comprehensive enterprise asset management solutions that enable manufacturing, utilities, and energy industries to effectively manage their assets, improve operational efficiency, and drive business growth through data-driven insights and predictive maintenance capabilities. Companies like GE Aviation and Boeing offer advanced aviation asset management technologies that monitor aircraft performance, track maintenance schedules, and ensures cost-effective fleet management, enhancing safety standards and operational excellence in the aviation industry. Companies like CenTrak and Zebra Technologies offer innovative healthcare asset management technologies that track medical devices, manage inventory, ensure regulatory compliance, and improve patient care delivery, contributing to operational efficiency and cost savings in the healthcare industry.

Market Segmentation

Australia Asset Management Market Report and Forecast 2024-2032 offers a detailed analysis of the market based on the following segments:

Market Breakup by Asset Type

• Returnable Transport Assets

• Personnel/ Staff

• Digital Assets

• Manufacturing Assets

• In-transit Assets

Market Breakup by Function

• Repair and Maintenance

• Location and Movement Tracking

• Check In/Check Out

• Others

Market Breakup by Component

• Service
  • Tactical Asset Management
  • Strategic Asset Management
  • Operational Asset Management

• Solution
  • Global Positioning System (GPS)
  • Real-Time Location System (RTLS)
  • Mobile Computer
  • Barcode
  • Labels
  • Others

Market Breakup by Application

• Enterprise Asset Management

• Aviation Asset Management

• Infrastructure Asset Management
  • Water & Waste Infrastructure
  • Transportation
  • Critical Infrastructure
  • Energy Infrastructure
  • Others

• Healthcare Asset Management

• Others

Market Breakup by Region

• New South Wales

• Victoria

• Queensland

• Australian Capital Territory

• Western Australia

• Others

Competitive Landscape

Market players are focused on sustainable investing practices and the incorporation of advanced technologies to drive growth and innovation in the Australian asset management sector.

• IBM Corporation  

• Brookfield Asset Management Ltd.  

• SAP SE  

• WSP Global Inc.  

• Macquarie Group Limited  

• Others

Key Highlights of the Report