Pension Funds Market to Reach $109.1 trillion, Globally, by 2032 at 5.5% CAGR: Allied Market Research

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The demographic shifts, regulatory shifts, and the growing emphasis on sustainable and responsible investing, driven by increasing awareness of environmental, social, and governance (ESG) factors are expanding the market reach of pension funds.

Wilmington, Delaware, March 07, 2024 (GLOBE NEWSWIRE) — Allied Market Research published a report, titled, “Pension Funds Market by Fund Type (Defined Benefit Pension Funds, Defined Contribution Pension Funds, and Others), and End User (Government, Corporate, and Individuals): Global Opportunity Analysis and Industry Forecast, 2022-2032”. According to the report, the global pension funds industry generated $64.1 trillion in 2022, and is anticipated to generate $109.1 trillion by 2032, witnessing a CAGR of 5.5% from 2023 to 2032. 

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123 – Tables   

45 – Charts   

400 – Pages 

Prime determinants of growth 

As populations age globally, the demand for pension products rises, compelling funds to adapt their investment strategies for long-term sustainability. Regulatory changes, aimed at enhancing transparency and accountability within the pension industry, push funds to adopt more sophisticated risk management practices. However, economic uncertainties and low-interest-rate environments act as significant restraints, challenging funds to generate sufficient returns to meet obligations. On the contrary, technological advancements present opportunities for innovation and growth. Artificial intelligence and data analytics enable funds to enhance investment decision-making, optimize portfolio management, and personalize retirement solutions. 

Report coverage & details: 

Report Coverage   Details 
Forecast Period  2022–2032 
Base Year   2022 
Market Size in 2022  $64.1 trillion 
Market Size in 2032  $109.1 trillion 
CAGR  5.5% 
Segments Covered  Fund Type, End User, and Region. 
Drivers  Demographic shifts and regulatory changes  Tax deduction for contributions 
Opportunities  Technological advancements 
Restraints  Economic uncertainties  Non-transferable pension funds 

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The defined benefit pension funds segment to maintain its leadership status throughout the forecast period 

By fund type, the defined benefit pension funds segment held the highest market share in 2022, accounting for nearly three-fourths of the global pension funds market revenue, and is estimated to maintain its leadership status throughout the forecast period. This is attributed to the fact that these funds guarantee a fixed amount of income to retirees, typically based on their salary and years of service. However, the defined contribution pension funds segment is projected to manifest the highest CAGR of 9.0% from 2023 to 2032. This is attributed to the fact that in these funds, individuals contribute a portion of their salary to their pension account, and the funds are invested on their behalf. The eventual retirement income is based on the performance of the investments and the contributions made over time. 

The government segment to maintain its leadership status throughout the forecast period 

By end user, the government segment held the highest market share in 2022, accounting for more than two-thirds of the global pension funds market revenue, and is expected to witness the fastest CAGR of 6.2% from 2023 to 2032. This is attributed to demographic changes, such as aging populations, increasing the demand for sustainable retirement solutions, prompting governments to expand their pension offerings. Furthermore, regulatory reforms aimed at strengthening pension systems and enhancing governance further propel market growth by encouraging greater participation and increasing contributions. 

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North America to maintain its dominance by 2032 

By region, North America held the highest market share in terms of revenue in 2022, accounting for more than one-third of the pension funds market revenue and is estimated to maintain its leadership status throughout the forecast period. This is attributed to the robust economic growth and favorable investment conditions which contribute to the accumulation of pension assets and drive pension funds market growth. Moreover, technological advancements enable pension funds in North America to adopt innovative investment strategies, optimize portfolio management, and enhance operational efficiency, further fueling market expansion. However, Asia-Pacific is expected to witness the fastest CAGR of 8.4% from 2023 to 2032. This is attributed to the rapid economic development and urbanization across many countries in the region that have led to increased wealth accumulation and a growing middle class, driving demand for retirement savings and investment schemes. Moreover, demographic trends, including aging populations and rising life expectancies, are creating need for pension solutions to ensure long-term financial security for retirees. 

Leading Market Players: – 

  • BlackRock, Inc. 
  • Deutsche Bank AG 
  • Wells Fargo 
  • The Vanguard Group, Inc. 
  • Bank of America Corporation 
  • UBS 
  • JPMorgan Chase & Co. 
  • FMR LLC 
  • State Street Corporation 
  • BNP Paribas 

The report provides a detailed analysis of these key players in the global pension funds market. These players have adopted different strategies such as new product launches, collaborations, expansion, joint ventures, agreements, and others to increase their market share and maintain dominant shares in different regions. The report is valuable in highlighting business performance, operating segments, product portfolio, and strategic moves of market players to showcase the competitive scenario. 

Key Benefits for Stakeholders 

  • This report provides a quantitative analysis of the market segments, current trends, estimations, and dynamics of the pension funds market analysis from 2022 to 2032 to identify the prevailing market opportunity. 
  • The market research is offered along with information related to key drivers, restraints, and opportunities. 
  • The Porter’s five forces analysis highlights the potency of buyers and suppliers to enable stakeholders to make profit-oriented business decisions and strengthen their supplier-buyer network on the pension funds market outlook. 
  • In-depth analysis of the pension funds market segmentation assists to determine the prevailing market opportunities. 
  • Major countries in each region are mapped according to their revenue contribution to the market. 
  • Market player positioning facilitates benchmarking and provides a clear understanding of the present position of the market players. 
  • The report includes the analysis of the regional as well as pension funds market trends, key players, market segments, application areas, and market growth strategies. 

Avenue is a subscription-based repository containing an extensive database of global market reports, offering comprehensive insights into the world’s largest emerging markets. With quick and easy e-access to a wide range of industry reports, Avenue provides registered members with a convenient single gateway to fulfill all their business needs. From detailed insights on various industries and economies to analysis of end user trends worldwide, Avenue ensures that its members have access to all-inclusive business intelligence.  – @ https://shorturl.at/tDEF4 

Pension Funds Market Key Segments: 

By Fund Type 

  • Defined Benefit Pension Funds 
  • Defined Contribution Pension Funds 
  • Others 

By End User 

  • Government 
  • Corporate 
  • Individuals 

By Region 

  • North America (U.S., Canada) 
  • Europe (UK, Germany, France, Italy, Spain, Rest of Europe) 
  • Asia-Pacific (China, Japan, India, Australia, South Korea, Rest of Asia-Pacific) 
  • Latin America (Brazil, Argentina, Rest of Latin America) 
  • Middle East and Africa (Gcc Countries, South Africa, Rest of Middle East And Africa) 

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Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Wilmington, Delaware. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of “Market Research Reports Insights” and “Business Intelligence Solutions.” AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain. 

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