U.S. Life Coaching Market Size, Share & Trends Analysis Report By Coaching Method (Virtual, In-person), And Segment Forecasts, 2023 - 2030
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U.S. Life Coaching Market Growth & Trends
The U.S. life coaching market size is expected to reach USD 2.1 billion by 2030, expected to expand at a CAGR of 4.85% during the forecast period, according to a new report by Grand View Research, Inc. Increasing number of people are seeking coaching for building key personality attributes like self-esteem, confidence, and develop good communication skills. Increasing stress, busy work schedules, and inability to cope in a highly competitive world continue to increase the demand for life coaching.
The purpose of life coaching is to assist individuals achieve their aims and goals. Improved communication, greater self-assurance, better time management abilities, and a clearer grasp of one's goals are a few advantages of life coaching. Further, social media marketing, business website, and online scheduling software has become prominent business tools for life coaches driving the market growth during the forecast period.
In recent years, employee health concerns have gained considerable attention in the corporate sector. Companies are taking proactive steps to ensure the health and mental well-being of their employees. Hence, they remain eager to embed life coaching services in their corporate wellness programs. For instance, TaskHuman came up with an employee wellness and mentoring app with over 1,000 coaches. Furthermore, high compensation per month, the flexibility of work, work-life balance, and complete autonomy are some of the factors due to which many people are turning to life coaching as a profession.
The COVID-19 pandemic led to a decline in the income of life coaches in the U.S. Significant decline in the number of clients and in-person sessions negatively impacted the market. As per the 2021 International Coaching Federation survey, 57% of the coach practitioners said that their income/revenue had fallen between the start of the pandemic to mid-2020. Furthermore, many coaches started to provide online sessions in order to sustain their businesses.
U.S. Life Coaching Market Report Highlights
U.S. Life Coaching Market Growth & Trends
The U.S. life coaching market size is expected to reach USD 2.1 billion by 2030, expected to expand at a CAGR of 4.85% during the forecast period, according to a new report by Grand View Research, Inc. Increasing number of people are seeking coaching for building key personality attributes like self-esteem, confidence, and develop good communication skills. Increasing stress, busy work schedules, and inability to cope in a highly competitive world continue to increase the demand for life coaching.
The purpose of life coaching is to assist individuals achieve their aims and goals. Improved communication, greater self-assurance, better time management abilities, and a clearer grasp of one's goals are a few advantages of life coaching. Further, social media marketing, business website, and online scheduling software has become prominent business tools for life coaches driving the market growth during the forecast period.
In recent years, employee health concerns have gained considerable attention in the corporate sector. Companies are taking proactive steps to ensure the health and mental well-being of their employees. Hence, they remain eager to embed life coaching services in their corporate wellness programs. For instance, TaskHuman came up with an employee wellness and mentoring app with over 1,000 coaches. Furthermore, high compensation per month, the flexibility of work, work-life balance, and complete autonomy are some of the factors due to which many people are turning to life coaching as a profession.
The COVID-19 pandemic led to a decline in the income of life coaches in the U.S. Significant decline in the number of clients and in-person sessions negatively impacted the market. As per the 2021 International Coaching Federation survey, 57% of the coach practitioners said that their income/revenue had fallen between the start of the pandemic to mid-2020. Furthermore, many coaches started to provide online sessions in order to sustain their businesses.
U.S. Life Coaching Market Report Highlights
- Based on coaching method, the virtual segment accounted for the largest revenue share in 2022 owing to the increasing adoption of online platforms and accessibility. Furthermore, the minimal investment needed for online services is anticipated to drive the segment growth
- Demand for personal development coaches is higher among the younger generation and people living in large cities or metropolitan areas
- According to the 2022 ICF Global Consumer Awareness Study (GCAS), 81% of the millennials were aware of coaching and 47% were engaged with it
CHAPTER 1 REPORT SCOPE AND OBJECTIVES
1.1 Market Segmentation
1.2 Regional Scope
1.3 Estimates and Forecast Timeline
1.4 Research Objectives
1.4.1 Objective -
1.4.2 Objective -
1.4.3 Objective -
CHAPTER 2 METHODOLOGY
2.1 Research Methodology
2.2 Information Procurement
2.2.1 Purchased Database
2.2.2 GVR’s Internal Database
2.2.3 Secondary Sources
2.2.4 Primary Research
2.2.5 Details of Primary Research
2.3 Information or Data Analysis
2.3.1 Data Analysis Models
2.4 Market Formulation & Validation
2.5 Model Details
2.5.1 Volume Price Analysis
2.6 List of Secondary Sources
2.7 List of Abbreviations
CHAPTER 3 EXECUTIVE SUMMARY
3.1 Market Outlook
3.2 Segment Outlook
3.2.1 Coaching method
3.3 Competitive Insights
CHAPTER 4 MARKET VARIABLES, TRENDS & SCOPE
4.1 Market Lineage outlook
4.1.1 Parent market outlook
4.2 Market Dynamics
4.2.1 Market driver analysis
4.2.2 Market restraint analysis
4.3 Penetration & Growth Prospect Mapping
4.4 Business Environment Analysis Tools
4.4.1 Porter’s five forces analysis
4.4.1.1 Competitive rivalry
4.4.1.2 Threat of new entrants
4.4.1.3 Bargaining power of buyers
4.4.1.4 Bargaining power of suppliers
4.4.1.5 Threat of substitutes
4.4.2 PESTEL Analysis
4.4.2.1 Political landscape
4.4.2.2 Economic and social landscape
4.4.2.3 Technological landscape
4.3 Impact of COVID-19: Qualitative Analysis
CHAPTER 5 U.S. LIFE COACHING MARKET: COACHING METHOD ANALYSIS
5.1 U.S. Life Coaching Coaching Method Market Share Analysis, 2022 & 2030
5.2 U.S. Life Coaching Coaching Method: Segment Dashboard
5.3 Market Size & Forecasts and Trend Analyses, 2017 to 2030 for the Coaching Method Segment
5.3.1 Virtual
5.3.1.1 Virtual market, 2017 - 2030 (USD Million)
5.3.2 In-person
5.3.2.1 In-person market, 2017 - 2030 (USD Million)
CHAPTER 6 COMPETITIVE ANALYSIS
6.1 Recent Developments & Impact Analysis, by Key Market Participants
6.2 Competition Categorization (Key innovators, Market leaders, Emerging Players
6.3 Company Market Position Analysis
6.4 Company Profiles
6.4.1 Endless Possibilities Life Coaching Services
6.4.1.1 Company overview
6.4.1.2 Service benchmarking
6.4.1.3 Strategic initiatives
6.4.2 Strategic Life Coaching
6.4.2.1 Company overview
6.4.2.2 Service benchmarking
6.4.2.3 Strategic initiatives
6.4.3 Pacific Life Coaching
6.4.3.1 Company overview
6.4.3.2 Service benchmarking
6.4.3.3 Strategic initiatives
6.4.4 Sunny Life Coach
6.4.4.1 Company overview
6.4.4.2 Service benchmarking
6.4.4.3 Strategic initiatives
6.4.5 Benchmark Consulting
6.4.5.1 Company overview
6.4.5.2 Service benchmarking
6.4.5.3 Strategic initiatives
6.4.6 BP Life Coaching Services, LLC
6.4.6.1 Company overview
6.4.6.2 Service benchmarking
6.4.6.3 Strategic initiatives
6.4.7 Solution Life Coaching Services
6.4.7.1 Company overview
6.4.7.2 Service benchmarking
6.4.7.3 Strategic initiatives
6.4.8 Thriveworks Counselling
6.4.8.1 Company overview
6.4.8.2 Service benchmarking
6.4.8.3 Strategic initiatives
1.1 Market Segmentation
1.2 Regional Scope
1.3 Estimates and Forecast Timeline
1.4 Research Objectives
1.4.1 Objective -
1.4.2 Objective -
1.4.3 Objective -
CHAPTER 2 METHODOLOGY
2.1 Research Methodology
2.2 Information Procurement
2.2.1 Purchased Database
2.2.2 GVR’s Internal Database
2.2.3 Secondary Sources
2.2.4 Primary Research
2.2.5 Details of Primary Research
2.3 Information or Data Analysis
2.3.1 Data Analysis Models
2.4 Market Formulation & Validation
2.5 Model Details
2.5.1 Volume Price Analysis
2.6 List of Secondary Sources
2.7 List of Abbreviations
CHAPTER 3 EXECUTIVE SUMMARY
3.1 Market Outlook
3.2 Segment Outlook
3.2.1 Coaching method
3.3 Competitive Insights
CHAPTER 4 MARKET VARIABLES, TRENDS & SCOPE
4.1 Market Lineage outlook
4.1.1 Parent market outlook
4.2 Market Dynamics
4.2.1 Market driver analysis
4.2.2 Market restraint analysis
4.3 Penetration & Growth Prospect Mapping
4.4 Business Environment Analysis Tools
4.4.1 Porter’s five forces analysis
4.4.1.1 Competitive rivalry
4.4.1.2 Threat of new entrants
4.4.1.3 Bargaining power of buyers
4.4.1.4 Bargaining power of suppliers
4.4.1.5 Threat of substitutes
4.4.2 PESTEL Analysis
4.4.2.1 Political landscape
4.4.2.2 Economic and social landscape
4.4.2.3 Technological landscape
4.3 Impact of COVID-19: Qualitative Analysis
CHAPTER 5 U.S. LIFE COACHING MARKET: COACHING METHOD ANALYSIS
5.1 U.S. Life Coaching Coaching Method Market Share Analysis, 2022 & 2030
5.2 U.S. Life Coaching Coaching Method: Segment Dashboard
5.3 Market Size & Forecasts and Trend Analyses, 2017 to 2030 for the Coaching Method Segment
5.3.1 Virtual
5.3.1.1 Virtual market, 2017 - 2030 (USD Million)
5.3.2 In-person
5.3.2.1 In-person market, 2017 - 2030 (USD Million)
CHAPTER 6 COMPETITIVE ANALYSIS
6.1 Recent Developments & Impact Analysis, by Key Market Participants
6.2 Competition Categorization (Key innovators, Market leaders, Emerging Players
6.3 Company Market Position Analysis
6.4 Company Profiles
6.4.1 Endless Possibilities Life Coaching Services
6.4.1.1 Company overview
6.4.1.2 Service benchmarking
6.4.1.3 Strategic initiatives
6.4.2 Strategic Life Coaching
6.4.2.1 Company overview
6.4.2.2 Service benchmarking
6.4.2.3 Strategic initiatives
6.4.3 Pacific Life Coaching
6.4.3.1 Company overview
6.4.3.2 Service benchmarking
6.4.3.3 Strategic initiatives
6.4.4 Sunny Life Coach
6.4.4.1 Company overview
6.4.4.2 Service benchmarking
6.4.4.3 Strategic initiatives
6.4.5 Benchmark Consulting
6.4.5.1 Company overview
6.4.5.2 Service benchmarking
6.4.5.3 Strategic initiatives
6.4.6 BP Life Coaching Services, LLC
6.4.6.1 Company overview
6.4.6.2 Service benchmarking
6.4.6.3 Strategic initiatives
6.4.7 Solution Life Coaching Services
6.4.7.1 Company overview
6.4.7.2 Service benchmarking
6.4.7.3 Strategic initiatives
6.4.8 Thriveworks Counselling
6.4.8.1 Company overview
6.4.8.2 Service benchmarking
6.4.8.3 Strategic initiatives
LIST OF TABLES
Table 1 List of secondary sources
Table 2 List of abbreviations
Table 3 U.S. life coaching market, by coaching method, 2017 - 2030 (USD Million)
Table 1 List of secondary sources
Table 2 List of abbreviations
Table 3 U.S. life coaching market, by coaching method, 2017 - 2030 (USD Million)
LIST OF FIGURES
Fig. 1 Market research process
Fig. 2 Information procurement
Fig. 3 Primary research pattern
Fig. 4 Market research approaches
Fig. 5 Value chain-based sizing & forecasting
Fig. 6 QFD modeling for market share assessment
Fig. 7 Market formulation & validation
Fig. 8 Market outlook
Fig. 9 Life coaching market segmentation
Fig. 10 Market trends & outlook
Fig. 11 Market driver relevance analysis (Current & future impact)
Fig. 12 Market restraint relevance analysis (Current & future impact)
Fig. 13 Penetration & growth prospect mapping
Fig. 14 U.S. life coaching method market share analysis, 2022 & 2030
Fig. 15 U.S. life coaching method market: Segment dashboard
Fig. 16 Virtual market, 2017 - 2030 (USD Million)
Fig. 17 In-person market, 2017 - 2030 (USD Million)
Fig. 18 Recent developments & impact analysis, by key market participants
Fig. 19 Strategy framework
Fig. 20 Competition Categorization
Fig. 21 Company market position analysis
Fig. 1 Market research process
Fig. 2 Information procurement
Fig. 3 Primary research pattern
Fig. 4 Market research approaches
Fig. 5 Value chain-based sizing & forecasting
Fig. 6 QFD modeling for market share assessment
Fig. 7 Market formulation & validation
Fig. 8 Market outlook
Fig. 9 Life coaching market segmentation
Fig. 10 Market trends & outlook
Fig. 11 Market driver relevance analysis (Current & future impact)
Fig. 12 Market restraint relevance analysis (Current & future impact)
Fig. 13 Penetration & growth prospect mapping
Fig. 14 U.S. life coaching method market share analysis, 2022 & 2030
Fig. 15 U.S. life coaching method market: Segment dashboard
Fig. 16 Virtual market, 2017 - 2030 (USD Million)
Fig. 17 In-person market, 2017 - 2030 (USD Million)
Fig. 18 Recent developments & impact analysis, by key market participants
Fig. 19 Strategy framework
Fig. 20 Competition Categorization
Fig. 21 Company market position analysis
