Market Overview
The UK asset management market reached a size of USD 12.30 Billion in 2024 and is forecast to grow to USD 22.50 Billion by 2033. It is expected to expand at a CAGR of 6.20% during the forecast period of 2025-2033. This growth is driven by factors such as rapid economic recovery, rising wealth among individuals and institutions, an increasing geriatric population, recent financial innovation, and changing investing trends. For more details, visit the UK Asset Management Market.
Study Assumption Years
- Base Year: 2024
- Historical Year/Period: 2019-2024
- Forecast Year/Period: 2025-2033
UK Asset Management Market Key Takeaways
- The UK asset management market size was USD 12.30 Billion in 2024.
- The market is projected to grow at a CAGR of 6.20% during 2025-2033.
- The forecast period for the market is 2025-2033.
- Economic recovery is supporting market growth, with UK GDP projected to increase from 0.8% in 2024 to 1.7% in 2025, boosting investor confidence and activity.
- The demographic shift towards a geriatric population (18% aged 65 and above) is increasing demand for retirement-focused investment solutions.
- Low interest rates are pushing investors toward equities, real estate, and alternative assets for higher returns.
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Market Growth Factors
The recovery from the economic crisis has been the main driver of the UK asset management market to show a positive growth trend. The UK GDP according to the industry reports, is forecast to go up from 0.8% in 2024 to 1.7% in 2025. This recovery leads to the return of the economy to the pre, pandemic state and the financial markets sectors are getting revitalized. Investors with more cash in their hand, better business profits, and overall financial stability businessmen are showing an increased tendency to invest in asset management solutions to make a profit out of the growth opportunities across different asset classes.
More than that, the ageing population in the UK is another major factor that is pushing the market to expand. There are more than 10 million people in England who are 65 years and above and they make up 18% of the total population. Ageing population trend is a significant driver for the demand of investment solutions targeted at the planning for the retirement period and the generation of income. Asset management companies have responded by producing products like annuities, retirement funds, and income, generating securities to serve the needs of this group.
Besides that, investors have been looking to take risks of high yields outside of traditional fixed, income securities due to prolonged low, interest rates during the recovery period. As a result, a larger number of people are willing to invest their money in stocks, real estate, and alternative asset classes. The trend of asset management services getting more popular among the people drives the market growth with the investors looking for diversified portfolios with a higher return potential.
Market Segmentation
Component Insights:
- Solution: Includes Real-Time Location System (RTLS), Barcode, Mobile Computer, Labels, Global Positioning System (GPS), and others.
- Service: Comprises Strategic Asset Management, Operational Asset Management, and Tactical Asset Management.
Type Insights:
- Covers Digital Assets, Returnable Transport Assets, In-transit Assets, Manufacturing Assets, and Personnel/ Staff.
Function Insights:
- Encompasses Location and Movement Tracking, Check In/ Check Out, Repair and Maintenance, and others.
Application Insights:
- Includes Infrastructure Asset Management (Transportation, Energy Infrastructure, Water & Waste Infrastructure, Critical Infrastructure, Others), Enterprise Asset Management, Healthcare Asset Management, Aviation Asset Management, and others.
Regional Insights
The report covers major UK regions including London, South East, North West, East of England, South West, Scotland, West Midlands, Yorkshire and The Humber, East Midlands, and others. However, specific regional market share data or dominant region statistics were not provided in the source.
Recent Developments & News
In July 2024, Vanguard announced a 53% increase in its UK platform assets, reaching 24 billion pounds, driven by investments from younger investors with 40% aged 30 or under. Additionally, in July 2024, Macquarie Asset Management gained full ownership of National Gas by purchasing the remaining 20% shareholding from National Grid.
Competitive Landscape
The competitive landscape of the industry has also been examined along with the profiles of the key players.
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