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Australia Asset Management Market Size, Share, Growth: By Asset Type: Returnable Transport Assets, Personnel/ Staff, Digital Assets, Manufacturing Assets, In-transit Assets; By Function: Repair and Maintenance, Location and Movement Tracking, Others; By Component; By Application; Regional Analysis; Competitive Landscape; 2024-2032
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
| REPORT FEATURES | DETAILS |
| Base Year | 2023 |
| Historical Period | 2018-2023 |
| Forecast Period | 2024-2032 |
| Scope of the Report |
Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:
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| Breakup by Asset Type |
|
| Breakup by Function |
|
| Breakup by Component |
|
| Breakup by Application |
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| Breakup by Region |
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| Market Dynamics |
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| Competitive Landscape |
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| Companies Covered |
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*At Expert Market Research, we strive to always give you current and accurate information. The numbers depicted in the description are indicative and may differ from the actual numbers in the final EMR report.
1 Preface
2 Report Coverage – Key Segmentation and Scope
3 Report Description
3.1 Market Definition and Outlook
3.2 Properties and Applications
3.3 Market Analysis
3.4 Key Players
4 Key Assumptions
5 Executive Summary
5.1 Overview
5.2 Key Drivers
5.3 Key Developments
5.4 Competitive Structure
5.5 Key Industrial Trends
6 Market Snapshot
7 Opportunities and Challenges in the Market
8 Asia Pacific Asset Management Market Overview
8.1 Key Industry Highlights
8.2 Asia Pacific Asset Management Historical Market (2018-2023)
8.3 Asia Pacific Asset Management Market Forecast (2024-2032)
9 Australia Asset Management Market Overview
9.1 Key Industry Highlights
9.2 Australia Asset Management Historical Market (2018-2023)
9.3 Australia Asset Management Market Forecast (2024-2032)
10 Australia Asset Management Market by Asset Type
10.1 Returnable Transport Assets
10.1.1 Historical Trend (2018-2023)
10.1.2 Forecast Trend (2024-2032)
10.2 Personnel/ Staff
10.2.1 Historical Trend (2018-2023)
10.2.2 Forecast Trend (2024-2032)
10.3 Digital Assets
10.3.1 Historical Trend (2018-2023)
10.3.2 Forecast Trend (2024-2032)
10.4 Manufacturing Assets
10.4.1 Historical Trend (2018-2023)
10.4.2 Forecast Trend (2024-2032)
10.5 In-transit Assets
10.5.1 Historical Trend (2018-2023)
10.5.2 Forecast Trend (2024-2032)
11 Australia Asset Management Market by Function
11.1 Repair and Maintenance
11.1.1 Historical Trend (2018-2023)
11.1.2 Forecast Trend (2024-2032)
11.2 Location and Movement Tracking
11.2.1 Historical Trend (2018-2023)
11.2.2 Forecast Trend (2024-2032)
11.3 Check In/Check Out
11.3.1 Historical Trend (2018-2023)
11.3.2 Forecast Trend (2024-2032)
11.4 Others
12 Australia Asset Management Market by Component
12.1 Service
12.1.1 Historical Trend (2018-2023)
12.1.2 Forecast Trend (2024-2032)
12.1.3 Breakup by Type
12.1.3.1 Tactical Asset Management
12.1.3.2 Strategic Asset Management
12.1.3.3 Operational Asset Management
12.2 Solution
12.2.1 Historical Trend (2018-2023)
12.2.2 Forecast Trend (2024-2032)
12.2.3 Breakup by Type
12.2.3.1 Global Positioning System (GPS)
12.2.3.2 Real-Time Location System (RTLS)
12.2.3.3 Mobile Computer
12.2.3.4 Barcode
12.2.3.5 Labels
12.2.3.6 Others
13 Australia Asset Management Market by Application
13.1 Enterprise Asset Management
13.1.1 Historical Trend (2018-2023)
13.1.2 Forecast Trend (2024-2032)
13.2 Aviation Asset Management
13.2.1 Historical Trend (2018-2023)
13.2.2 Forecast Trend (2024-2032)
13.3 Infrastructure Asset Management
13.3.1 Historical Trend (2018-2023)
13.3.2 Forecast Trend (2024-2032)
13.3.3 Breakup by Type
13.3.3.1 Water & Waste Infrastructure
13.3.3.2 Transportation
13.3.3.3 Critical Infrastructure
13.3.3.4 Energy Infrastructure
13.3.3.5 Others
13.4 Healthcare Asset Management
13.4.1 Historical Trend (2018-2023)
13.4.2 Forecast Trend (2024-2032)
13.5 Others
14 Australia Asset Management Market by Region
14.1 New South Wales
14.1.1 Historical Trend (2018-2023)
14.1.2 Forecast Trend (2024-2032)
14.2 Victoria
14.2.1 Historical Trend (2018-2023)
14.2.2 Forecast Trend (2024-2032)
14.3 Queensland
14.3.1 Historical Trend (2018-2023)
14.3.2 Forecast Trend (2024-2032)
14.4 Australian Capital Territory
14.4.1 Historical Trend (2018-2023)
14.4.2 Forecast Trend (2024-2032)
14.5 Western Australia
14.5.1 Historical Trend (2018-2023)
14.5.2 Forecast Trend (2024-2032)
14.6 Others
15 Market Dynamics
15.1 SWOT Analysis
15.1.1 Strengths
15.1.2 Weaknesses
15.1.3 Opportunities
15.1.4 Threats
15.2 Porter’s Five Forces Analysis
15.2.1 Supplier’s Power
15.2.2 Buyer’s Power
15.2.3 Threat of New Entrants
15.2.4 Degree of Rivalry
15.2.5 Threat of Substitutes
15.3 Key Indicators for Demand
15.4 Key Indicators for Price
16 Competitive Landscape
16.1 Market Structure
16.2 Company Profiles
16.2.1 IBM Corporation
16.2.1.1 Company Overview
16.2.1.2 Product Portfolio
16.2.1.3 Demographic Reach and Achievements
16.2.1.4 Certifications
16.2.2 Brookfield Asset Management Ltd.
16.2.2.1 Company Overview
16.2.2.2 Product Portfolio
16.2.2.3 Demographic Reach and Achievements
16.2.2.4 Certifications
16.2.3 SAP SE
16.2.3.1 Company Overview
16.2.3.2 Product Portfolio
16.2.3.3 Demographic Reach and Achievements
16.2.3.4 Certifications
16.2.4 WSP Global Inc.
16.2.4.1 Company Overview
16.2.4.2 Product Portfolio
16.2.4.3 Demographic Reach and Achievements
16.2.4.4 Certifications
16.2.5 Macquarie Group Limited
16.2.5.1 Company Overview
16.2.5.2 Product Portfolio
16.2.5.3 Demographic Reach and Achievements
16.2.5.4 Certifications
16.2.6 Others
17 Key Trends and Developments in the Market
List of Key Figures and Tables
1. Asia Pacific Asset Management Market: Key Industry Highlights, 2018 and 2032
2. Australia Asset Management Market: Key Industry Highlights, 2018 and 2032
3. Australia Asset Management Historical Market: Breakup by Asset Type (USD Billion), 2018-2023
4. Australia Asset Management Market Forecast: Breakup by Asset Type (USD Billion), 2024-2032
5. Australia Asset Management Historical Market: Breakup by Function (USD Billion), 2018-2023
6. Australia Asset Management Market Forecast: Breakup by Function (USD Billion), 2024-2032
7. Australia Asset Management Historical Market: Breakup by Component (USD Billion), 2018-2023
8. Australia Asset Management Market Forecast: Breakup by Component (USD Billion), 2024-2032
9. Australia Asset Management Historical Market: Breakup by Application (USD Billion), 2018-2023
10. Australia Asset Management Market Forecast: Breakup by Application (USD Billion), 2024-2032
11. Australia Asset Management Historical Market: Breakup by Region (USD Billion), 2018-2023
12. Australia Asset Management Market Forecast: Breakup by Region (USD Billion), 2024-2032
13. Australia Asset Management Market Structure
Key Questions Answered in the Report
In 2023, the market reached an approximate value of USD 3.27 billion.
The market is expected to grow at a CAGR of 6.9% between 2024 and 2032.
The market is estimated to witness a healthy growth in the forecast period of 2024-2032 to reach USD 6.00 billion by 2032.
The market is being driven due to the adoption of artificial intelligence (AI) and digital transformation, the increasing integration of environmental, social, and governance (ESG) and sustainability initiatives.
Key trends aiding the market expansion include revamping of corporate structures to align with investor expectations and focus on leveraging AI technology for analysing datasets.
Regions considered in the market are New South Wales, Victoria, Queensland, Western Australia, and Australian Capital Territory, among others.
Different applications of asset management are enterprise asset management, aviation asset management, infrastructure asset management (water & waste infrastructure, transportation, critical infrastructure, energy infrastructure, and others), and healthcare asset management, among other applications.
Based on component, the market segmentations include service (tactical asset management, strategic asset management, and operational asset management) and solution (global positioning system, real-time location system, mobile computer, barcode, and labels, among others).
Asset type includes returnable transport assets, personnel/staff, digital assets, manufacturing assets, and in-transit assets are considered in the report.
Key players in this market include IBM Corporation, Brookfield Asset Management Ltd., SAP SE, WSP Global Inc., and Macquarie Group Limited, among others.
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