Realistic goals: Despite weakening demand, high-income earners will support growth

Operators in the Life Coaches industry assist individuals with personal, relationship and business matters. Demand for their 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 2018, the industry has benefited from economic improvements. Over the five years to 2023, high-income households will continue to serve as the primary vehicle of growth for the Life Coaches industry. A...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

  • High-income households represent the primary target demographic for this industry
  • Life coaching services are largely regarded as discretionary expenditures
  • Participants are projected to continue entering the industry
  • Industry Report - Starting a New Business Chapter

    Barriers to entry into the Life Coaches industry are low. Low barriers are indicated by the industry's composition, as more than 95.0% of coaching establishments are sole proprietorships. Operators can often work from a home office, where they conduct phone and video chat coaching sessions. For in-person sessions, coaches often travel to clients' homes or offices, making a vehicle their main capital expense (which is not a major necessity for some coaches in major metropolitan areas). Coaches are not required to have professional certification, but due to the industry's growing participation, those that do have a competitive advantage. Cer...purchase to read more.

    Additional Insights for the Life Coaches Industry

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

  • Having an area of specialization
  • Having a good reputation
  • Having a wealthy client base
  • IBISWorld analysts also discuss how external factors such as Consumer Confidence Index and Households earning more than $100,000 in the Life Coaches industry impact industry performance..

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    What's in this report

    What is the Life Coaches 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.

    Industry Products
  • Financial
  • Executive
  • Personal improvement
  • Family and relationship
  • Weight loss and fitness
  • Industry Activities
  • Career coaching
  • Personal improvement coaching
  • Family and relationship coaching
  • Weight loss and fitness coaching
  • Table of Contents

    Industry Definition
    Main Activities
    Similar Industries
    Additional Resources
    Industry Statistics Snapshot
    Industry Structure
    Executive Summary
    Executive Summary
    Key External Drivers
  • Consumer Confidence Index
  • Households earning more than $100,000
  • Divorce rate
  • Regulation

  • Current Performance
  • Participation and competition growth
  • Economic factors
  • Chart: Revenue Growth

  • Industry Outlook
  • Structure and saturation
  • Growth areas
  • Increasing regulation
  • Table: Life Coaches Industry Revenue Outlook

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

  • Supply Chains
    Key Buying Industries
  • Financial Planning & Advice
  • Consumers

  • Key Selling Industries
  • Book, Magazine & Newspaper Wholesaling
  • Computer Stores
  • Office Supply Stores

  • Products & Services
  • Personal improvement
  • Financial
  • Executive
  • Other
  • Family and relationship
  • Weight loss and fitness
  • Chart: Life Coaches Industry Products and Services Segmentation

  • Demand Determinants
  • High-income earners
  • Disposable income and consumer sentiment
  • Divorce and death rates

  • Major Markets
  • 35 to 44 years old
  • 45 to 54 years old
  • 26 to 34 years old
  • Over 55 years old
  • Under 25 years old
  • Chart: Major Market Segmentation for the Life Coaches Industry

  • International Trade
    Business Locations
    Chart: Business Locations by State
    Market Share Concentration
    Key Success Factors
    Cost Structure Benchmarks
  • Profit
  • Wages
  • Purchases
  • Rent and utilities
  • Other expenses
  • Chart: Cost Structure Benchmarking – Sector vs Life Coaches

  • Basis of Competition
  • Internal competition
  • External competition

  • Barriers to Entry
  • Table: Barrier to Entry Checklist for the Life Coaches 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 Life Coaches 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 Life Coaches 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
    International Coach Federation (Icf)
  • An industry association aimed at assisting coaching professionals through education, research and networking.
  • Telecourse
  • Classes that are primarily conducted through videos.
  • Voice Over Internet Protocol (Voip)
  • A method through which voice and multimedia messaging sessions can be conducted over the internet.
  • What Our Customers Say

    Why buy this report?

    IBISWorld’s Life Coaches Industry Research Report contains up-to-date data and analysis, allowing you to identify the strengths and potential weaknesses of major companies in the industry. Build your credibility with clients and prospects by sharing insights into the current and emerging trends driving their industry. Our market research gives you the tools to win new business and keep existing clients.

    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 Life Coaches:
    • 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 Life Coaches 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 Life Coaches, you can expect thoroughly researched, reliable and current information that will help you to make faster, better business decisions.

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