Predicting the future of ASX 200 growth shares is a challenging endeavor, given the dynamic nature of technology, evolving industries, and shifting market leadership. However, certain companies have already demonstrated the scale, competitive advantages, and growth potential that suggest they could be significantly larger by 2035.
These businesses are not merely capitalizing on short-term trends; they are deeply embedded in industries poised for long-term structural growth. With this in mind, two ASX 200 growth shares are drawing attention from brokers for their potential to expand considerably over the next decade.
Light & Wonder: A Gaming Powerhouse in the Making
Light & Wonder (ASX: LNW) has quietly evolved into a formidable player in the global gaming and digital entertainment sector. Its operations span land-based gaming machines, online real-money gaming, and social casino games, offering multiple growth avenues over the coming years.
The company’s increasing focus on digital gaming is particularly noteworthy. As online casino platforms and mobile-based gaming continue to expand globally, Light & Wonder is positioning itself as a technology and content provider, moving beyond its traditional role as a hardware supplier.
With recurring revenue streams, robust intellectual property, and a growing digital presence, Light & Wonder is well-positioned to become a more diversified and larger entity by 2035.
Bell Potter is optimistic about the company, assigning a buy rating and a $176.00 price target. “We rate LNW a Buy over the medium to long term due to a compelling GARP profile relative to the ASX 100 and ALL (38% discount to EV / EBITA, pre 3Q25 upgrades),” the broker stated. “In our view, the key catalyst in closing this discount is the ASX sole listing, which we believe will weigh positively on the stock after November 2025.”
WiseTech Global: Revolutionizing Global Logistics
Another ASX 200 growth share with promising prospects is WiseTech Global (ASX: WTC). The company aims to become the operating system for global logistics, a vision that provides a substantial growth runway. Its CargoWise platform is widely used by freight forwarders, shipping companies, and logistics providers worldwide.
As global trade becomes increasingly complex, supply chains are under pressure to enhance speed, cost-efficiency, and transparency. WiseTech’s software is designed to address these challenges, and its recurring revenue model benefits from customer loyalty and ongoing upselling opportunities.
Bell Potter remains positive on WiseTech, maintaining a buy rating and a $100.00 price target. “Despite recent issues relating to management and board upheaval, slowing growth, and insider trading allegations, focus is returning to the outlook for the core business,” the broker noted. “The launch of new products, a new commercial model, and the integration of a large acquisition (e2open) are expected to drive a much stronger 2HFY26 result relative to 1HFY26.”
Context and Future Outlook
The optimism surrounding these companies is not without precedent. Historically, businesses that have successfully adapted to technological advancements and industry shifts have emerged as leaders in their respective fields. The ability to innovate and leverage new opportunities is crucial for sustained growth.
Light & Wonder and WiseTech Global are both positioned to capitalize on long-term trends in digital gaming and global logistics, respectively. Their strategic initiatives and investments in technology and innovation could set them apart as industry leaders by 2035.
As the global economy continues to evolve, companies that can navigate market disruptions and capitalize on emerging opportunities are likely to thrive. Investors and analysts will be closely watching these ASX 200 growth shares as they chart their course for the future.
In conclusion, while predicting the future is inherently uncertain, the potential for Light & Wonder and WiseTech Global to expand significantly by 2035 is supported by their strategic positioning and industry trends. As these companies continue to innovate and adapt, they could very well become major players in their respective sectors.
