Global Family Office Market Set to Reach USD43bn by 2037 on Rising Wealth Demand

The global family office market reached USD19.09bn in 2024 and is projected to expand to USD42.76bn by 2037, reflecting a 6.4% compound annual growth rate from 2025, according to Research Nester.

The report said ultra-wealthy families are increasing demand for investment management, governance structures and succession planning.

North America is expected to account for 44% of the global family office market by 2037, while Asia Pacific is forecast to grow strongly as family offices proliferate in Singapore, Hong Kong and India.

Single-family offices will remain the largest segment with an estimated 49.52% share, driven by demand for confidentiality and direct control.

The study added that family offices are adopting digital platforms and AI-enabled analytics and aligning portfolios more closely with ESG and impact strategies.

Banks including Citi and UBS have continued expanding their family-office advisory teams to capture rising global demand.