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AU ANZSIC K6330 | Industry Report

Superannuation Funds in Australia Industry Data and Analysis

MR
Matt Reeves
Analyst Melbourne, Australia December 2025

Severe global market volatility over the past five years has meant superannuation funds' investment incomes have fluctuated significantly. The pandemic, inflationary pressures and geopolitical tensions have caused funds’ incomes to swing dramatically. A surge in asset values in, in particular, drove down superannuation funds' income in 2020-21; that's why superannuation funds’ revenue is expected to have fallen at an annualised 6.3% over the five years through 2025-26, to $424.3 billion. Superannuation fund's total assets are a more accurate indicator of the industry's size, and assets are expected to have expanded at an annualised 2.1% over the same period, to $4.5 trillion. Continued incremental increases to the Superannuation Guarantee Scheme have boosted contributions to superannuation funds.

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What's included in this industry analysis

IBISWorld's research coverage on the Superannuation Funds industry in Australia includes market sizing, forecasting, data and analysis from 2015-2030. The most recent publication was released December 2025.

About this industry

What's this industry report about?

The Superannuation Funds industry in Australia operates under the ANZSIC industry code K6330. The industry provides retirement benefits to members and includes both large and small funds. Industry revenue primarily consists of investment revenue. Investment revenue is income earned from investments and capital gains or losses. Enterprises represent major funds (i.e. super funds with five or more members) and establishments include all super funds including self-managed superannuation funds. Related terms covered in the Superannuation Funds industry in Australia include smsfs, defined benefit, transfer balance cap and unlisted assets.

What's included in this industry?

Products and services covered in Superannuation Funds industry in Australia include Other funds, Industry funds and Public sector funds.

What companies are included in this industry?

Companies covered in the Superannuation Funds industry in Australia include AustralianSuper, Australian Retirement Trust and Aware Super.

Performance

What's included in the Performance chapter?

The Performance chapter covers detailed analysis, datasets, detailed current performance, sources of volatility and an outlook with forecasts for the Superannuation Funds industry in Australia.

Questions answered in this chapter include what's driving current industry performance, what influences industry volatility, how do successful businesses overcome volatility, what's driving the industry outlook. This analysis is supported with data and statistics on industry revenues, costs, profits, businesses and employees.

Products & Markets

What's included in the Products and Markets chapter?

The Products and Markets chapter covers detailed products and service segmentation and analysis of major markets for the for the Superannuation Funds industry in Australia.

Questions answered in this chapter include how are the industry's products and services performing, what are innovations in industry products and services, what products or services do successful businesses offer and what's influencing demand from the industry's markets. This includes data and statistics on industry revenues by product and service segmentation and major markets.

Geographic Breakdown

What's included in the Geographic Breakdown chapter?

The Geographic Breakdown chapter covers detailed analysis and datasets on regional performance of the Superannuation Funds industry in Australia.

Questions answered in this chapter include where are industry businesses located and how do businesses use location to their advantage. This includes data and statistics on industry revenues by location.

Competitive Forces

What's included in the Competitive Forces chapter?

The Competitive Forces chapter covers the concentration, barriers to entry and supplier and buyer profiles in the Superannuation Funds industry in Australia. This includes data and statistics on industry market share concentration, barriers to entry, substitute products and buyer & supplier power.

Questions answered in this chapter include what impacts the industry's market share concentration, how do successful businesses handle concentration, what challenges do potential industry entrants face, how can potential entrants overcome barriers to entry, what are substitutes for industry services, how do successful businesses compete with substitutes and what power do buyers and suppliers have over the industry and how do successful businesses manage buyer & supplier power.

Companies

What's included in the Companies chapter?

The Companies chapter covers Key Takeaways, Market Share and Companies in the Superannuation Funds industry in Australia. This includes data and analysis on companies operating in the industry that hold a market share greater than 5%.

Questions answered in this chapter include what companies have a meaningful market share and how each company is performing.

External Environment

What's included in the External Environment chapter?

The External Environment chapter covers Key Takeaways, External Drivers, Regulation & Policy and Assistance in the Superannuation Funds industry in Australia. This includes data and statistics on factors impacting industry revenue such as economic indicators, regulation, policy and assistance programs.

Questions answered in this chapter include what demographic and macroeconomic factors impact the industry, what regulations impact the industry, what assistance is available to this industry.

Financial Benchmarks

What's included in the Financial Benchmarks chapter?

The Financial Benchmarks chapter covers Key Takeaways, Cost Structure, Financial Ratios, Valuation Multiples and Key Ratios in the Superannuation Funds industry in Australia. This includes financial data and statistics on industry performance including key cost inputs, profitability, key financial ratios and enterprise value multiples.

Questions answered in this chapter include what trends impact industry costs and how financial ratios have changed overtime.

Industry Data

What's included in the Industry Data chapter?

The Industry Data chapter includes 10 years of historical data with 5 years of forecast data covering statistics like revenue, industry value add, establishments, enterprises, employment and wages in the Superannuation Funds industry in Australia.

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Frequently Asked Questions

What is the market size of the Superannuation Funds industry in Australia in 2026?

The market size of the Superannuation Funds industry in Australia is $424.3bn in 2026.

How many businesses are there in the Superannuation Funds industry in Australia in 2025?

There are 104 businesses in the Superannuation Funds industry in Australia, which has declined at a CAGR of 8.0 % between 2020 and 2025.

How may import tariffs affect the Superannuation Funds industry in Australia?

The Superannuation Funds industry in Australia is unlikely to be materially impacted by import tariffs with imports accounting for a low share of industry revenue.

How may export tariffs affect the Superannuation Funds industry in Australia?

The Superannuation Funds industry in Australia is unlikely to be materially impacted by export tariffs with exports accounting for a low share of industry revenue.

Has the Superannuation Funds industry in Australia grown or declined over the past 5 years?

The market size of the Superannuation Funds industry in Australia has been declining at a CAGR of 6.3 % between 2020 and 2025.

What is the forecast growth of the Superannuation Funds industry in Australia over the next 5 years?

Over the next five years, the Superannuation Funds industry in Australia is expected to grow.

What are the biggest companies in the Superannuation Funds industry in Australia?

The biggest companies operating in the Superannuation Funds industry in Australia are AustralianSuper, Australian Retirement Trust and Aware Super

What does the Superannuation Funds industry in Australia include?

Industry funds and Retail funds are part of the Superannuation Funds industry in Australia.

Which companies have the highest market share in the Superannuation Funds industry in Australia?

The company holding the most market share in the Superannuation Funds industry in Australia is AustralianSuper.

How competitive is the Superannuation Funds industry in Australia?

The level of competition is high and increasing in the Superannuation Funds industry in Australia.

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