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市場調査レポート - 238274

世界の富裕層市場(2012年)

The Global Wealth Market in 2012

発行 Datamonitor
出版日 ページ情報 英文 100 Pages
価格
世界の富裕層市場(2012年) The Global Wealth Market in 2012
出版日: 2012年04月03日 ページ情報: 英文 100 Pages
概要

2008年の大幅な低迷と2011年の小規模な下落を経て、世界の富裕層市場は2014〜2015年にかけて回復に向かうと見られています。ただし、回復への動きは一様ではなく、特に新興市場国では2桁台の成長が続くため、世界市場の構造変化が生じると考えられています。

当レポートでは、世界の富裕層市場の現状と2015年までの将来展望について分析し、世界全体の市場構造・動向や、大手資産管理(ウェルスマネジメント)企業の動向、各地域・各国の動向の比較、各国市場の詳細分析、各地域の富裕層消費者・投資家の行動の特徴などを調査・推計して、その結果を概略以下の構成でお届けします。

概要

エグゼクティブ・サマリー

イントロダクション

  • 分析手法
  • 全世界の富裕層の人口:他の階層との比較

世界の富裕層市場の分析

  • イントロダクション
  • 世界の富裕者市場の規模は610兆米ドルに達する(2011年末)
    • ユーロ圏の債務危機は、世界の富裕層市場を短期的に圧迫する
    • 富裕層が保有する流動資産の総額は、2011年に減少した
    • 富裕層の人口は、世界の成年人口の7.3%に達する
  • 世界のウェルスマネジメント(資産管理)企業のうち上位3社が、世界の富裕層市場の5%以上を押さえている(2011年)
    • 大手のウェルスマネジメント企業の方が、市場全体よりも業績の落ち込みが大きかった
    • 大手のウェルスマネジメント企業は、母国市場で大きなプレゼンスを維持しつつ、世界各国へ進出している

各地域の富裕層市場の比較

  • イントロダクション
  • 各国市場の差異は非常に大きい
    • 先進国の富裕層市場は、途上国よりも市場規模がはるかに大きい
    • 各地域の階層構造は、ごく一部しか変化しない(2006〜2015年)
    • 発展途上国での大きな不平等性が、裕福な人々の少なさと、その中での富裕層(HNW)の比率の高さをもたらす
  • 上位10カ国の順位の入れ替えが発生する(2012年)
    • ブラジルとインドが上位10カ国入りする一方、スペインと台湾が脱落する(2012年)
    • 米国が世界第1位の地位に留まり、また先進国の中ではカナダと英国が高い業績を築いている
    • ブラジル・中国・インドでは、流動資産総額が約3倍に拡大した(2006〜2015年)
  • 上位10カ国のうち5カ国では、業績は最悪の状態にあった
    • 成長率の最も低かった10カ国のうち9カ国が欧州諸国だった
    • 西欧以外にも、日本とラトビアの成長率が非常に低かった

各地域の分析

  • イントロダクション
  • アジア太平洋地域
    • アジア太平洋地域(日本以外)の流動資産は、2015年まで2桁台の成長率を維持する
    • 日本の流動資産は、当面は沈滞した状態が続く
    • アジア太平洋地域の富裕層人口は、2015年までに1億1800万人に達する
    • 各国比較:日本市場の存在感は、その低成長と、中国・インド市場の存在感のために打ち消される
  • 中東欧
    • 中東欧の流動資産の今後の成長は、西欧の景気減速の影響を受ける
    • ロシア・トルコ・ポーランドで、域内の富裕層人口の70%以上を占める
    • 各国比較:2015年までの成長率は、セルビアが最も大きい
  • ラテンアメリカ
    • 富裕層人口が、域内の流動資産の90%以上を抑えている
    • ラテンアメリカの富裕層人口は、域内人口全体の1.3%にすぎない
    • 各国比較:ブラジルの成長率が域内で最も高い
  • 中東・アフリカ
    • 石油価格高騰のため、同地域の富裕層市場は減速しなかった(2011年)
    • 富裕層の人口は、域内人口全体の3%に達する(2011年)
    • 各国比較:2015年までの流動資産の成長率は、オマーン・カタールが最大となる
  • 北米
    • 株式・投資信託の比率の高さが、同地域の富裕層市場を非常に変化の激しいものにしている
    • 各国比較:米国とカナダでは、市場の動きが非常に似ている
  • 西欧
    • 西欧の流動資産の成長率は、債務危機や固定資産への切り替えのため低迷している
    • 富裕層の人口は、2015年までに域内の成年人口の19%に達する
    • 各国比較:今後5年間、北欧の市場は南欧以上に成長する

世界の富裕層消費者

  • イントロダクション
  • 世界各地の富裕層投資家の共通する特徴
    • どの地域でも、男性が富裕層人口の過半数を占める
    • 西欧・北米と比較して、中東・アジア太平洋地域の富裕層人口は平均年齢が低い
    • どの地域でも、企業家が占める割合が高い
  • 資産配分は年齢・財務状況・リスク選好により異なる
    • アジア太平洋地域:不動産の比率が高いため、収益率が低くなる
    • 中東:流動資産の多くが現金や類似した商品に投資される
    • 北米:流動資産の過半数が株式に投資される
    • 西欧:富裕層投資家は非常にリスク回避的である

付録

図表一覧

目次

Synopsis

The Global Wealth Market in 2012 examines the global affluent population and its future growth prospects through to 2015. The report covers over 55 countries across seven regions.

Description

INTRODUCTION

After a sharp decline in 2008 and a smaller drop in 2011, the global wealth market is expected to recover in 2014-15 once the global economy picks up. Yet growth will not be even and there is a clear divide between the mature and emerging markets, with emerging markets set to show double digit growth - a trend which is set to bring about a change in the established order of country wealth markets.

FEATURES AND BENEFITS

  • Understand the dynamics between the world's regional wealth markets and how this is set to change by 2015.
  • Find out which countries count among the world's wealth hot spots - or not - based on Datamonitor's analysis of over 55 markets.
  • Discover how the world's largest three wealth managers have fared against the performance of the overall market.
  • Learn about the typical millionaire, his key demographics, how he invests his liquid assets based on Datamonitor's Global Wealth Managers Survey.

HIGHLIGHTS

  • North America's status as the largest wealth market is not threatened by the exponential growth of the emerging markets. While the poor performances of Japan and Western Europe will cause them to be overtaken by Asia Pacific (excluding Japan), which will become the second largest regional market by 2015.
  • The top 10 country wealth markets will change in 2012, with Brazil and India entering and Spain and Taiwan exiting. Taiwan is in fact growing faster than many other mature markets, but is still set to exit the top 10, largely due to the explosive growth of India and Brazil and the country's relatively small size.
  • Males account for the majority of HNW individuals in all regions, with a stronger lack of balance in the Middle East and near-parity in North America. Middle East and Asia Pacific HNW individuals are generally younger than their counterparts in Western Europe and North America. Entrepreneurship is the most common source of wealth worldwide.

YOUR KEY QUESTIONS ANSWERED

  • What is the future growth outlook for the global affluent population?
  • Which are the largest wealth markets and how will this change by 2015?
  • Which country markets within each region are growing most quickly?
  • Who are the three largest wealth managers and how their fortunes are faring compared to the overall market?
  • What are the key demographics of the typical HNW individual and how do these investors tend to allocate their liquid wealth?

TOC

OVERVIEW

  • Catalyst
  • Summary
  • Methodology

EXECUTIVE SUMMARY

  • Global overview
  • The global wealth market was worth $61tn at the end of 2011
  • The world's largest wealth managers have suffered sharper declines than the overall market
  • Regional comparison
  • Comparison of the seven main geographies shows strong differences
  • The top 10 country wealth markets will change in 2012
  • Brazil and India will enter the top 10 in 2012 at the expense of Spain and Taiwan
  • Worst 10 performing country wealth markets
  • The sovereign debt crisis and structural problems are hindering growth in many Southern European wealth markets
  • Regional analysis
  • Asia Pacific
  • The number of affluent individuals in Asia Pacific will reach 118 million by 2015
  • Central and Eastern Europe
  • Latin America
  • Middle East and Africa
  • North America
  • Western Europe
  • The Global HNW Consumer
  • Male and entrepreneur
  • Financial sophistication, risk appetite, and age help determine asset allocation

INTRODUCTION

  • Methodology
  • Geographical coverage
  • Methodology overview: Retail Savings & Investments Databases
  • Methodology overview: Wealth Markets Database
  • Methodology overview: Global Wealth Managers Survey 2011
  • Methodology overview: Wealth Management Super League report
  • Datamonitor's global wealth numbers compared with other wealth numbers

ANALYZING THE GLOBAL WEALTH MARKET

  • Introduction
  • The global wealth market was worth $61tn at the end of 2011
  • The eurozone sovereign crisis will weigh on the global wealth market for the foreseeable future
  • Total liquid assets held by affluent individuals declined in 2011
  • Affluent individuals represent 7.3% of the total adult population worldwide
  • The world's top three wealth managers in 2011 held more than 5% of the global market
  • The world's largest wealth managers have suffered sharper declines than the overall market
  • The largest wealth managers focus their presence in their core markets but are rapidly expanding geographically

COMPARING REGIONAL WEALTH MARKETS

  • Introduction
  • Comparison of the seven main geographies shows strong differences
  • Mature wealth markets have a much more even wealth distribution than developing ones
  • The regional hierarchy will only see one major change during 2006-15
  • Strong inequality in developing countries creates a small affluent population with a higher percentage of HNW individuals
  • The top 10 country wealth markets will change in 2012
  • Brazil and India will enter the top 10 in 2012 at the expense of Spain and Taiwan
  • The US will remain number one, with Canada and the UK also performing strongly among the mature markets
  • Brazil, China, and India will see their liquid asset pools almost triple between 2006 and 2015
  • Five of the 10 largest markets are also among the worst performers
  • Nine out of the 10 worst performing markets in terms of growth are European
  • Outside of Western Europe, Japan and Latvia are also barely growing

REGIONAL ANALYSIS

  • Introduction
  • Asia Pacific
  • Liquid asset growth in Asia Pacific (excluding Japan) will remain in the double digits up to 2015
  • Liquid asset growth in Japan will remain anemic for the foreseeable future
  • The number of affluent individuals in Asia Pacific will reach 118 million by 2015
  • Country comparison: Japan's impressive lead will be eroded as a result of its own stagnant growth and impressive performances by China and India
  • Central and Eastern Europe
  • Future liquid assets growth in Central and Eastern Europe will be impacted by the Western European economic slowdown
  • Russia, Turkey, and Poland account for over 70% of the total number of affluent individuals in the region
  • Country comparison: Serbia to show the highest growth rate in the years up to 2015
  • Latin America
  • Affluent individuals held over 90% of the total liquid assets in the region
  • Latin American affluent individuals account for only 1.3% of the total population
  • Country comparison: Brazil to show the highest growth rate in the region
  • Middle East and Africa
  • The regional wealth market did not slow down during 2011 thanks to high oil prices
  • Affluent individuals in the region accounted for 3% of the total adult population in 2011
  • Country comparison: Oman and Qatar will show the highest liquid asset growth rates up to 2015
  • North America
  • High allocations in equities and mutual funds make the North American wealth market extremely volatile
  • Country comparison: Canada and US exhibit very similar behaviors
  • Western Europe
  • Liquid asset growth in Western Europe is hindered by the sovereign debt crisis and rigid asset allocations
  • The number of affluent individuals will account for 19% of the total adult population by 2015
  • Country comparison: Northern Europe will outperform Southern Europe in the next five years

THE GLOBAL HNW CONSUMER

  • Introduction
  • HNW investors around the world share a number of similar characteristics
  • Males account for the majority of HNW individuals in all regions
  • Middle East and Asia Pacific HNW individuals are generally younger than their counterparts in Western Europe and North America
  • Entrepreneurship is the most common source of wealth worldwide
  • Asset allocations vary with age, financial sophistication, and risk appetite
  • In Asia Pacific, high allocations in property have been caused by the limited returns offered by other asset classes
  • Middle East HNW individuals invest a high proportion of their liquid assets into cash or near-cash products
  • North American investors allocate over half of their liquid assets into equities
  • Western European HNW investors are very risk averse

APPENDIX

  • Definitions
  • Affluent

HNW

  • Mass affluent
  • Measures of growth
  • Onshore
  • Methodology
  • Global Savings & Investment Databases
  • Global wealth markets databases
  • Global Wealth Managers Survey 2011
  • Competitor data
  • Further reading
  • Ask the analyst
  • Disclaimer

TABLES

  • Table: Geographic coverage spans 59 countries segmented over seven regions
  • Table: Global Wealth Managers Survey 2011 - geographic coverage
  • Table: Worldwide liquid assets by total market, affluent and HNW individuals ($bn), 2006-15f
  • Table: Number of affluent individuals by region, 2011
  • Table: Liquid assets held by affluent individuals and CAGRs by region, 2006-15f
  • Table: Regional contribution by liquid assets held by affluent individuals (%), 2006-15
  • Table: Number of HNW individuals by region, 2006-15f
  • Table: Number of affluent individuals by region, 2006-15f
  • Table: Largest markets by liquid assets held by affluent individuals worldwide ($bn), 2006-15f
  • Table: Largest markets by liquid assets held by affluent individuals worldwide (excluding Japan and US) ($bn), 2006-15f
  • Table: Liquid assets held by affluent individuals and CAGRs for the 10 worst performing countries worldwide ($bn), 2006-15f
  • Table: Liquid assets by total market, affluent and HNW individuals in Asia Pacific (excluding Japan) ($bn), 2006-15f
  • Table: Liquid assets by total market, affluent and HNW individuals in Japan ($bn), 2006-15f
  • Table: Liquid assets held by affluent individuals and affluent individuals as a percentage of the total adult population by country in Asia Pacific ($bn), 2006-15f
  • Table: Liquid assets by total market, affluent and HNW individuals in Central and Eastern Europe ($bn), 2006-15f
  • Table: Liquid assets held by affluent individuals and affluent individuals as a percentage of the total adult population by country in Central and Eastern Europe ($bn), 2006-15f
  • Table: Liquid assets by total market, affluent and HNW individuals in Latin America ($bn), 2006-15f
  • Table: Liquid assets held by affluent individuals and affluent individuals as a percentage of the total adult population by country in Latin America ($bn), 2006-15f
  • Table: Liquid assets by total market, affluent and HNW individuals in Middle East and Africa ($bn), 2006-15f
  • Table: Liquid assets held by affluent individuals and affluent individuals as a percentage of the total adult population by country in the Middle East and Africa ($bn), 2006-15f
  • Table: Liquid assets by total market, affluent and HNW individuals in North America ($bn), 2006-15f
  • Table: Liquid assets held by affluent individuals and affluent individuals as a percentage of the total adult population by country in North America ($bn), 2006-15f
  • Table: Liquid assets by total market, affluent and HNW individuals in Western Europe ($bn), 2006-15f
  • Table: Liquid assets held by affluent individuals and affluent individuals as a percentage of the total adult population by country in Western Europe ($bn), 2006-15f
  • Table: Top three wealth managers: business units defined
  • Table: Top three wealth managers: AUM defined

FIGURES

  • Figure: The eurozone sovereign crisis will weigh on the global wealth market for the foreseeable future
  • Figure: The three largest wealth managers have collectively performed poorly in recent years when compared to the overall market
  • Figure: North America will remain the largest regional market up to 2015, while Asia Pacific (excluding Japan) will overtake Western Europe as the second largest market
  • Figure: Western Europe and Japan each have over 50 million affluent individuals but limited growth prospects
  • Figure: The US will remain the largest wealth market by far
  • Figure: Greece is the only country forecast to show negative asset growth in 2011-15f
  • Figure: Methodology overview
  • Figure: Geographic coverage spans 59 countries
  • Figure: Stock markets impact upon the global wealth markets more than GDP
  • Figure: Equities and mutual funds accounted for 38% of total liquid assets worldwide in 2011, and are strongly impacted by stock market performance
  • Figure: A sharp asset value decline in 2008 was followed by a strong rebound in 2009 and 2010
  • Figure: The HNW segment has been growing faster than the broader affluent segment, recording a 55% increase between 2006 and 2015f
  • Figure: The three largest wealth managers have collectively performed poorly in recent years when compared to the overall market
  • Figure: China's massive liquid asset size, strong growth, and limited penetration from global players make it a very attractive market for the top three wealth managers
  • Figure: Western Europe and Japan each have over 50 million affluent individuals but limited growth prospects
  • Figure: North America will remain the largest regional market up to 2015, while Asia Pacific (excluding Japan) will overtake Western Europe as the second largest market
  • Figure: Asia Pacific (excluding Japan) will overtake Western Europe in terms of number of HNW individuals by 2012
  • Figure: The US will remain the largest wealth market by far
  • Figure: China will see the liquid assets held by its affluent individuals triple between 2006 and 2015
  • Figure: Greece is the only country forecast to show negative asset growth in 2011-15f
  • Figure: Latvia's GDP contracted by almost 20% in 2009
  • Figure: Japan will remain the largest wealth market in Asia Pacific for the foreseeable future
  • Figure: The slight decline experienced by Asia Pacific (excluding Japan) in 2011 was mainly due to negative sentiment from outside the region
  • Figure: Japan has a large and stable pool of assets held by affluent individuals
  • Figure: The number of affluent individuals in Asia Pacific will reach 118 million by 2015
  • Figure: India and China will continue to show the strongest growth over 2011-15f
  • Figure: Affluent individuals hold 75% of the total assets in Central and Eastern Europe
  • Figure: The number of affluent individuals is forecast to reach 7 million by 2015
  • Figure: Russia and Turkey are forecast to show double digit compounded growth over 2011-15f
  • Figure: Affluent individuals hold over 90% of the total liquid assets in Latin America
  • Figure: The number of affluent individuals in Latin America is set to more than double between 2006 and 2015
  • Figure: Brazil is set to record the highest regional growth over 2011-15f
  • Figure: After a sharp decline in 2008 the Middle East and Africa wealth market is forecast to show consistently strong growth over 2009-15f
  • Figure: The number of affluent individuals in the Middle East and Africa will surpass the 2.5 million mark by 2015
  • Figure: Oman is forecast to show compound growth in excess of 20% over 2011-15f
  • Figure: North American investors' high allocations in equities and mutual funds make them particularly sensitive to stock market volatility
  • Figure: North America had over 3 million HNW individuals in 2011
  • Figure: The US and Canada exhibit very similar behaviors
  • Figure: Western Europe's reliance on fixed income products and limited economic growth prospects will dampen the growth of the region's wealth market
  • Figure: Western Europe had over 54 million affluent individuals and over 1.2 million HNW individuals in 2011
  • Figure: Northern European markets are forecast to show significantly stronger growth than Southern European markets
  • Figure: Geographic coverage
  • Figure: Women account for a greater share of total HNW individuals in the more developed wealth markets
  • Figure: Middle East HNW individuals are significantly younger than in other regions
  • Figure: Entrepreneurship is the most common source of wealth for HNW worldwide
  • Figure: Real estate allocations are extremely popular in the Middle East and Asia Pacific
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