Market Overview
The UK asset management market reached a size of USD 12.30 Billion in 2024. It is forecasted to grow to USD 22.50 Billion by 2033, exhibiting a CAGR of 6.20% during the 2025-2033 forecast period. The market growth is driven by economic recovery, rising individual and institutional wealth, an increasing geriatric population, financial innovation, and evolving investment trends. For detailed insights, visit the UK Asset Management Market
Study Assumption Years
- Base Year: 2024
- Historical Years: 2019-2024
- Forecast Period: 2025-2033
UK Asset Management Market Key Takeaways
- Current Market Size: USD 12.30 Billion in 2024
- CAGR: 6.20% during 2025-2033
- Forecast Period: 2025-2033
- Economic recovery is a significant growth driver, with the UK GDP projected to increase from 0.8% in 2024 to 1.7% in 2025.
- Growing investor confidence is propelling increased asset management activity.
- The geriatric population in England accounts for more than 10 million people, representing 18% of the population, boosting demand for retirement-focused investment solutions.
- Asset management firms are developing products like annuities and retirement funds to address retirement planning and income generation.
- Low interest rates drive investors toward equities, real estate, and alternative assets for higher returns.
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Market Growth Factors
The development of the UK asset management market remains closely linked to the continued recovery of the UK economy. UK GDP growth is projected to go up from 0.8% in 2024 to 1.7% in 2025. Economic factors stabilized and offered a better outlook, consumers spent more, the company saw benefits from managing increased assets near greater revenues from the three business units, and finances became more stable. These factors led to a wider adoption of asset management solutions across asset classes.
The aging population of the United Kingdom is a meaningful driver. There are over 10 million people aged 65 years and over in England, or 18% of the population, and changes to the profile of the population create a greater demand for retirement and income-generating products. Asset management companies have responded with a wide range of products such as annuities, retirement funds and other investment vehicles.
Low interest rates during the recovery have changed investor behavior. To get better returns, investors have switched into equities, property and 'non-customary' products, and in their investment decisions they have benefitted from changing patterns of investment behavior and a range of new financial products and services becoming available.
Market Segmentation
Component Insights:
- Solution: Real-Time Location System (RTLS), Barcode, Mobile Computer, Labels, Global Positioning System (GPS), Others
- Service: Strategic Asset Management, Operational Asset Management, Tactical Asset Management
Type Insights:
- Digital Assets
- Returnable Transport Assets
- In-transit Assets
- Manufacturing Assets
- Personnel/ Staff
Function Insights:
- Location and Movement Tracking
- Check In/ Check Out
- Repair and Maintenance
- Others
Application Insights:
- Infrastructure Asset Management: Transportation, Energy Infrastructure, Water & Waste Infrastructure, Critical Infrastructure, Others
- Enterprise Asset Management
- Healthcare Asset Management
- Aviation Asset Management
- Others
Regional Insights
The report covers major UK regional markets including London, South East, North West, East of England, South West, Scotland, West Midlands, Yorkshire and The Humber, East Midlands, and others. Although no specific market share or CAGR by region is provided, the comprehensive regional analysis accommodates varied regional market dynamics.
Recent Developments & News
In July 2024, Vanguard announced a 53% increase in UK platform assets, reaching 24 billion pounds, driven by investment growth from young investors, with 40% aged 30 or under. In the same month, Macquarie Asset Management obtained full ownership of National Gas by purchasing the remaining 20% shareholding from National Grid.
Key Players
- Vanguard
- Macquarie Asset Management
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