September is almost here, which makes now a good time to look for ASX growth shares with room to run.
One approach is to look for companies with products that can sell globally, markets that can expand, and business models that could be much larger in the years ahead.
With that in mind, here are three ASX growth shares that could be worth considering in September.
Breville Group Ltd (ASX: BRG)
Breville could be an ASX growth share to buy in September. It sells premium kitchen appliances across categories such as coffee machines, ovens, food preparation, cooking, and other products for the home.
Its biggest opportunity remains coffee.
Home coffee has become a serious category around the world, with consumers increasingly willing to pay for machines that can deliver a better result than basic appliances.
This plays directly into Breville’s strengths. The company sits at the premium end of the market, has a strong design reputation, and has built a brand that can compete internationally.
That is important because Breville is not limited to Australia. It has the potential to keep expanding in large overseas markets where its brand awareness is still developing.
If it can keep launching better products, growing distribution, and taking share in the premium home coffee market, its earnings could be materially larger over time.
Consumer spending can be up and down, but Breville’s global growth runway remains attractive.
Life360 Inc (ASX: 360)
Life360 is another ASX growth share that could be worth a closer look.
The technology company operates a family safety app that helps users stay connected through location sharing, driving reports, crash detection, emergency alerts, and other protection features.
This is not just another app fighting for attention. Life360 can become part of how families organise daily life. Parents may use it to check teenagers are safe, families may use it when travelling, and households may rely on it for peace of mind.
That creates a valuable habit. The company also has a large base of free users, which gives it an opportunity to convert more people onto paid subscriptions over time and grow its advertising business.
If Life360 can keep adding useful features and deepening the role it plays inside family life, revenue and earnings could be much larger by the end of the decade.
WiseTech Global Ltd (ASX: WTC)
A final ASX growth share to consider is WiseTech Global.
The logistics software company is best known for CargoWise, which is a platform used by freight forwarders and logistics providers around the world.
Global trade is complicated. Goods need to move across countries, ports, warehouses, customs systems, carriers, and regulators.
WiseTech helps logistics companies manage that complexity.
That may not sound as exciting as artificial intelligence or consumer technology, but it is a very strong niche. Once software like CargoWise is embedded in a logistics business, it can become difficult to replace.
WiseTech has had a difficult period and investor confidence has been tested.
But the underlying opportunity remains attractive. If the company can rebuild trust and keep expanding its platform across global logistics, it could still be a much larger business in the years ahead.
The post 3 ASX growth shares to buy in September appeared first on The Motley Fool Australia.
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Motley Fool contributor James Mickleboro has positions in Life360 and WiseTech Global. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has positions in and has recommended Life360 and WiseTech Global. The Motley Fool Australia has positions in and has recommended Life360 and WiseTech Global. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.