Bright future: Improving economic conditions will continue to boost industry performance

The Psychic Services industry has grown steadily over the five years to 2018 as a result of recovering economic conditions and growing acceptance of industry services among consumers. Following a dip during the economic downturn, rising disposable income levels over the past five years have spurred demand for discretionary services like psychic readings. Furthermore, a long-term shift in consumer perceptions has underpinned growth as industry services are increasingly accepted among mainstream consumers. Overall, industry revenue is projected to rise over the five years to 2018. Over the five years to 2023, industry revenue is expected to continue rising...purchase to read more.

Industry Statistics & Market Size
Annual Growth 13-18
Forecast Growth 18-23
Market Share of Companies
There are no companies with a dominant market share in this industry

Industry Threats & Opportunities

  • As more individuals opt to enter the industry, several scams have spurred city officials to create industry-specific regulation
  • Industry players are predominantly based in urban areas
  • Consumers typically seek psychic services for advice and life guidance
  • Industry Report - Industry SWOT Analysis Chapter

    The Psychic Services industry is in the mature stage of its industry life cycle. Industry value added (IVA), which measures the industry’s contribution to the overall economy, is projected to increase at an annualized rate of 2.2% over the 10 years to 2023. Comparatively, US GDP is forecast to grow an annualized 2.2% during the same ten-year period. Consequently, the industry is maintaining its share of the overall economy, a key indicator of its mature life cycle stage. Established and clearly segmented services and markets further establish this industry in the mature life cycle stage.Industry services have remained relatively unchanged for centuries. Ser...purchase to read more.

    Additional Insights for the Psychic Services Industry

    IBISWorld identifies 250 Key Success Factors for a business.The most important for the Psychic Services Industry are

  • Access to niche markets
  • Having a good reputation
  • Easy access for clients
  • IBISWorld analysts also discuss how external factors such as Per capita disposable income and Number of adults aged 20 to 64 in the Psychic Services industry impact industry performance..

    shopping_cartPURCHASE OPTIONS

    What's in this report

    What is the Psychic Services Industry?

    The Psychic Services industry includes establishments that offer psychic and fortune-telling services. Industry operators typically provide services in the areas of astrology, aura reading, mediumship, tarot card reading and palmistry, among other metaphysical services.

    Industry Products
  • Palmistry
  • Cartomancy
  • Mediumship
  • Aura reading
  • Astrology
  • Industry Activities
  • Palmistry
  • Cartomancy
  • Mediumship
  • Aura reading
  • Astrology
  • Lithomancy
  • Numerology
  • Psychometry
  • Table of Contents

    Industry Definition
    Main Activities
    Similar Industries
    Additional Resources
    Industry Statistics Snapshot
    Industry Structure
    Executive Summary
    Executive Summary
    Key External Drivers
  • Per capita disposable income
  • Number of adults aged 20 to 64
  • Demand from bars and nightclubs
  • Labor force participation rate of women

  • Current Performance
  • Conditions and competition
  • Industry landscape
  • Increasing regulations
  • Chart: Revenue Growth

  • Industry Outlook
  • Industry expansion
  • Millennials and media
  • Table: Psychic Services Industry Revenue Outlook

  • Industry Life Cycle
  • Life cycle reasons
  • Chart: Benchmarking - Psychic Services Industry Lifecycle vs The Economy

  • Supply Chains
    Key Buying Industries
  • Magazine & Periodical Publishing
  • Amusement Parks
  • Bars & Nightclubs
  • Consumers

  • Key Selling Industries
  • Commercial Leasing
  • Consumer Electronics Stores
  • E-Commerce & Online Auctions
  • Small Specialty Retail Stores

  • Products & Services
  • Palmistry
  • Cartomancy
  • Mediumship
  • Aura reading
  • Astrology
  • Other
  • Chart: Psychic Services Industry Products and Services Segmentation

  • Demand Determinants
    Major Markets
  • Consumers 30 to 49 years old
  • Consumers 50 to 64 years old
  • Consumers 65 years old and up
  • Consumers 18 to 29 years old
  • Chart: Major Market Segmentation for the Psychic Services Industry

  • International Trade
    Business Locations
    Chart: Business Locations by State
    Market Share Concentration
    Key Success Factors
    Cost Structure Benchmarks
    ProfitWagesRent and utilitiesOther costs
  • Chart: Cost Structure Benchmarking – Sector vs Psychic Services

  • Basis of Competition
    Internal competitionExternal competition
    Barriers to Entry
  • Table: Barrier to Entry Checklist for the Psychic Services Industry

  • Industry Globalization
    There are no major players in this industry. This report includes analysis of other companies.
    Capital Intensity
  • Chart: Level of Capital Intensity for the Psychic Services Industry
  • Chart: Tools of the Trade: Growth Strategies for Success

  • Technology & Systems
    Revenue Volatility
  • Chart: Volatility vs Industry Growth

  • Regulation & Policy
    Industry Assistance
    Table: Industry Data for the Psychic Services Industry
  • Industry Revenue (2009-2023)
  • Industry Gross Product (2009-2023)
  • Establishments (2009-2023)
  • Businesses (2009-2023)
  • Employment (2009-2023)
  • Wages (2009-2023)
  • Consumer Confidence Index (2009-2023)

  • Table: Annual Percentage Change for Key Industry Data
    Table: Key Ratios for Industry Key Data
  • Having the supposed power to see objects or events that cannot be perceived by the senses.
  • Extrasensory Perception (Esp)
  • The claimed reception of information not gained through the recognized physical senses, but sensed with the mind.
  • Short Message Service (Sms)
  • Message service that sends text between cell phones.
  • What Our Customers Say

    Why buy this report?

    The Psychic Services industry market report contains strategic analysis of the key drivers influencing the industry. Save hours of time on research and prospecting using IBISWorld’s standardized, up-to-date reports on thousands of industries. Our industry research provides growth and profit forecasts for a five-year outlook period, presented in a clear and user-friendly format.

    IBISWorld industry market research reports enable you to:
    • Find out about key industry trends
    • Identify threats and opportunities
    • Inform your decisions for marketing, strategy and planning
    • Quickly build competitive intelligence
    This report on Psychic Services:
    • Provides Market Size information to assist with planning and strategic decisions.
    • Includes the necessary information to perform SWOT, PEST and STEER analysis.
    • Helps you understand market dynamics to give you a deeper understanding of industry competition and the supply chain.
    • Analyses key performance and operational metrics so that you can benchmark against your own business, that of your customers’ businesses, or your competitors’ businesses.
    The Psychic Services market research report includes:
    • Historical data and analysis for the key drivers of this industry
    • A five-year forecast of the market and noted trends
    • Detailed research and segmentation for the main products and markets
    • An assessment of the competitive landscape and market shares for major companies
    • And of course, much more

    IBISWorld reports on thousands of industries around the world. Our clients rely on our information and data to stay up-to-date on industry trends across all industries. With this IBISWorld Industry Research Report on Psychic Services, you can expect thoroughly researched, reliable and current information that will help you to make faster, better business decisions.

    Contact Us

    Want to speak to a representative? Call us.