On track: Increased disposable income will enable consumers to better afford industry services
Life coaches provide a discretionary service typically for those who fall on hard times. People need life coaches through difficult economic times, even if services become less affordable. Guidance becomes especially valuable when a significant change occurs, including break ups, personal development, moving, career changes and social upheaval. The past five years have been full of many of these things, benefiting life coaches. Life coaching revenue is estimated to climb at a CAGR of 2.5% to $1.5 billion over the five years to 2023, including a 0.4% drop in revenue with a profit of 10.5%.
This industry includes practitioners that primarily help clients set and achieve personal goals. Such goals can pertain to a client’s job, personal life or interpersonal relationships. This industry does not include psychologists, mental health counselors or business analysts.
This report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecasts, growth rates and an analysis of the industry's key players and their market shares.
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