Operators in the Life Coaches industry assist individuals with personal, relationship and business matters. Demand for industry services grows when public confidence declines and people's ability to handle issues on their own falters. However, because industry services are discretionary, demand is subject to changes in the level of disposable income, which is typically lower during times of poor consumer confidence. Consequently, while consumers may be more interested in industry services during difficult economic times, they are typically less able to afford them. Over the five years to 2019, the industry has benefited from economic improvements. As a result, industry revenue is expected to increase during the current period. Over the five years to 2024, industry revenue is anticipated to continue to rise; high-income households will continue to serve as the primary vehicle of growth for the industry.
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 key players and their market shares.
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