3 ASX shares that could be much bigger in 10 years

These shares could have strong futures. Here's what you need to know.

| More on:

You’re reading a free article with opinions that may differ from The Motley Fool’s Premium Investing Services. Become a Motley Fool member today to get instant access to our top analyst recommendations, in-depth research, investing resources, and more. Learn More

The best ASX growth shares are not always the newest or most exciting names on the market. They are often businesses with proven models, expanding addressable markets, and management teams that still have plenty of room to execute.

With that in mind, here are three ASX shares that could be much bigger in 10 years.

Man pointing an upward line on a bar graph symbolising a rising share price.

Image source: Getty Images

Breville Group Ltd (ASX: BRG)

Breville Group has spent years turning kitchen appliances into a global premium brand.

Coffee has been central to that story. The company's espresso machines have tapped into the shift toward higher-quality coffee at home, helping Breville build a strong position in a category with repeat customer engagement and premium pricing.

But Breville is not standing still. It continues to expand across geographies, brands, and product categories. Its portfolio now stretches across Breville, Sage, Baratza, and Lelit, giving it exposure to different regions and parts of the premium kitchen market.

The company also has a habit of turning product innovation into growth. That matters in a category where design, performance, and brand trust can influence buying decisions.

If Breville keeps deepening its presence in the US, Europe, and newer markets, it could continue to grow well beyond its current size.

Hub24 Ltd (ASX: HUB)

Hub24 is benefiting from a long-running shift in wealth management.

The company provides investment platform technology used by financial advisers and their clients. These platforms help manage portfolios, reporting, administration, and access to investments.

The important point is that advisers are still moving away from older legacy systems. That shift has created a long runway for modern platforms that are easier to use and more flexible.

Hub24 has been one of the clearest winners from this trend. As more funds move onto its platform, the company benefits from rising scale and operating leverage.

Australia's pool of investable wealth is large and still growing. That gives the company an attractive backdrop if it can keep winning adviser support and expanding funds under administration.

With structural tailwinds and a scalable platform, this ASX share could be far larger in 10 years.

Megaport Ltd (ASX: MP1)

Megaport is building a larger role for itself in digital infrastructure.

The ASX share started with a clear proposition: making it easier for businesses to connect to cloud providers, data centres, and networks on demand. That remains a useful service as companies continue moving workloads into cloud environments.

But the story has become more interesting following its acquisition of Latitude.sh. This adds compute capability to Megaport's existing connectivity platform and broadens its market opportunity.

In simple terms, the company is moving beyond helping customers connect to infrastructure. It is gaining exposure to more of the infrastructure stack itself.

That could be important as demand for cloud, AI workloads, and flexible digital capacity continues to rise.

If Megaport can successfully integrate Latitude.sh and keep expanding customer usage, it could be a very different business by the mid-2030s.

Motley Fool contributor James Mickleboro has positions in Megaport. The Motley Fool Australia's parent company Motley Fool Holdings Inc. has positions in and has recommended Hub24 and Megaport. The Motley Fool Australia has recommended Hub24. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.

More on Growth Shares

Man on his laptop standing next to data centres.
Growth Shares

3 ASX stocks that could win big from the AI infrastructure boom

Goodman Group, Megaport, and WiseTech Global each play a different role in the AI infrastructure boom. Here's why all three…

Read more »

A doctor appears shocked as he looks through binoculars on a blue background.
Growth Shares

How much could the Pro Medicus share price rise in the next year?

Pro Medicus could be one of the best shares to own from here…

Read more »

A group of people of all ages, size and colour line up against a brick wall using their devices.
Growth Shares

3 high-quality ASX 200 shares for beginners to buy and hold

For beginners, I would focus on quality businesses that can keep growing and become more valuable over time.

Read more »

long term and short term on white cubes
Growth Shares

2 top ASX shares to buy and hold for the next decade

These investments could generate significant returns.

Read more »

A woman pulls devil rock'n'roll hands and sticks her tongue out whilst headbanging, she's rocking it.
Growth Shares

This ASX tech stock has exploded 75% in a month, but can it climb higher?

The most optimistic broker sees another 90% upside ahead!

Read more »

A couple sit in their home looking at a phone screen as if discussing a financial matter.
Share Market News

2 beaten-down ASX shares to hold until 2036

These stocks look well-positioned for growth over the next decade.

Read more »

Happy work colleagues give each other a fist pump.
Growth Shares

3 amazing ASX growth shares to buy and hold forever

Looking to make long-term investments? Here are three to consider.

Read more »

Robot humanoid using artificial intelligence on a laptop.
Growth Shares

Why Megaport just landed its biggest ever AI infrastructure contract

Megaport has had a great week. It seems large clients are starting to appreciate its vertically integrated product offering.

Read more »