Australia Superannuation Market 2024 | Size, Growth, and Forecast by 2032
6 Mar, 2025
Australia Superannuation Market
Australia Superannuation Market Overview
Base Year: 2023
Historical Years: 2018-2023
Forecast Years: 2024-2032
Market Growth Rate:7.60% (2024-2032)
The sector showcases robust growth, driven by evolving regulations, innovative investment strategies, and a focus on long-term wealth creation. According to the latest report by IMARC Group, the Australia superannuation market size reached USD 3.7 trillion in 2023. Looking forward, IMARC Group expects the market to reach USD 7.4 trillion by 2032, exhibiting a growth rate (CAGR) of 7.60% during 2024-2032.
Australia Superannuation Industry Trends and Drivers:
Australia superannuation market is growing rapidly due to several interconnected factors. Primarily, the market is driven by rising fund balances, mandatory contributions, and a wide variety of investment options. Furthermore, the market is vital to Australia's financial system, sustaining retirees and long-term economic stability, with superannuation funds holding more than AUD 3 trillion worth of assets. Meanwhile, mandatory employer contributions, currently at 11%, will increase to 12% by 2025, ensuring a steady flow of funds and driving growth in Australia's superannuation market. The market is dominated by retail, industry, and self-managed super funds (SMSFs), each of which cater to different investor preferences, from professionally managed funds to those seeking control over their investments.
Key trends influencing Australia superannuation market include an increasing focus on sustainable and ESG investing, as both fund managers and investors prioritize ethical investment strategies. Additionally, advances in digital technology and fintech are transforming the superannuation landscape, improving access, transparency, and member engagement. The market is also experiencing consolidation as larger funds acquire smaller funds to gain scale and operational efficiencies, benefiting members through lower fees and improved investment opportunities. With increased regulatory oversight to protect investors and growing demand for retirement income products, the market is set to evolve, aligning more closely with global best practices while continuing to serve as a cornerstone of financial security for Australians. As a result, the convergence of these factors is expected to drive the expansion of Australia superannuation market in the coming years.
The report has segmented the market into the following categories:
Types of Superannuation Funds Insights:
· Industry Funds
· Retail Funds
· Corporate Funds
· Others
Investment Strategy Insights:
· Growth Funds
· Balanced Funds
· Conservative Funds
· Cash and Fixed Interest Funds
· Others
Regional Insights:
· Australia Capital Territory & New South Wales
· Victoria & Tasmania
· Queensland
· Northern Territory & Southern Australia
· Western Australia
Regional Insights:
· Australia Capital Territory & New South Wales
· Victoria & Tasmania
· Queensland
· Northern Territory & Southern Australia
· Western Australia
Competitive Landscape:
The competitive landscape of the industry has also been examined along with the profiles of the key players.
Key highlights of the Report:
· Market Performance (2018-2023)
· Market Outlook (2024-2032)
· COVID-19 Impact on the Market
· Porter’s Five Forces Analysis
· Strategic Recommendations
· Historical, Current, and Future Market Trends
· Market Drivers and Success Factors
· SWOT Analysis
· Structure of the Market
· Value Chain Analysis
· Comprehensive Mapping of the Competitive Landscape
Note: If you need specific information that is not currently within the scope of the report, we can provide it to you as a part of the customization.
About Us:
IMARC Group is a global management consulting firm that helps the world’s most ambitious changemakers to create a lasting impact. The company provides a comprehensive suite of market entry and expansion services. IMARC offerings include a thorough market assessment, feasibility studies, company incorporation assistance, factory setup support, regulatory approvals and licensing navigation, branding, marketing and sales strategies, competitive landscape, and benchmarking analyses, pricing and cost research, and procurement research.
Write a comment ...