$14.1bn
$XXX.Xm
115k
80,490
$X.Xbn
Over the past five years, business coaching agencies have faced unprecedented volatility. Many downstream companies had to tighten their budgets when the COVID-19 pandemic hit, dragging down revenue for business coaches. Some coaches managed to mitigate losses by shifting their services online, but others weren't able to invest in the necessary platforms quickly enough. Many newly unemployed workers sought business coaching to improve their job prospects, but the size of this market wasn't large enough to offset declining demand from coaches' top clients. Strong economic recovery and mass rehirings brought business coaches revenue growth that more than offset 2020's losses, but recent inflation has forced clients to cut spending on business coaching services again. Revenue has slumped at a CAGR of 0.3% to an estimated $14.1 billion over the five years through 2024, when revenue will dip 0.4%.
Industry revenue has declined at a CAGR of 0.3 % over the past five years, to reach an estimated $14.1bn in 2024.
Market size is projected to grow over the next five years.
Company | Market Share (%)
2024 | Revenue ($m)
2024 | Profit ($m)
2024 | Profit Margin (%)
2024 |
---|---|---|---|---|
Interpublic Group Of Companies, Inc. | 93.2 | 11.5 | 12.3 | |
W20 Group | 37.6 | 17.3 | 46.1 | |
Franklin Covey Co. | 29.9 | 1.7 | 5.8 |
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Industry revenue is measured across several distinct product and services lines, including Professional development, Education and skill training programs and Other. Professional development is the largest segment of the Business Coaching in the US.
Professional development programs generate over half of all revenue
This industry includes companies that offer short-duration courses and seminars for management and professional development. Business coaches provide customizable training courses to the general public or employers looking to improve their workforce's skills. These training sessions can be conducted at a coaching agency's training facilities, at a client's workplace or remotely through TV or the Internet.
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NAICS 61143 - Business Coaching in the US
Get an indication of the industry's health through historical, current and forward-looking trends in the performance indicators that make or break businesses.
Revenue will return to growth as inflation slows in the coming years. Corporate profit will rise accordingly, making business coaching services more affordable to the must lu...
Learn about an industry's products and services, markets and trends in international trade.
Professional development training programs have remained popular through volatile downstream spending. These courses are low-cost and low-commitment, helping preserve demand ...
Discover where business activity is most concentrated in an industry and the factors driving these trends to find opportunities and conduct regional benchmarking.
Large cities in the Southeast generate significant demand. Cities like Miami and Atlanta are home to major corporation that use business coaches to keep their staff trained.
Get data and insights on what's driving competition in an industry and the challenges industry operators and new entrants may face, with analysis built around Porter's Five Forces framework.
Business coaches with successful track records are the most valuable. Most clients are in higher-level positions, typically seeking a high-quality educational service with a ...
Learn about the performance of the top companies in the industry.
Interpublic is a public company headquartered in New York with an estimated 55,600 employees. This company holds a significant market share in at least six industries, the la...
Understand the demographic, economic and regulatory factors that shape how businesses in an industry perform.
The International Coach Federation (ICF) internally regulates business coaching. The ICF's code of ethics and professional standards help business coaches establish credibili...
View average costs for industry operators and compare financial data against an industry's financial benchmarks over time.
Profit has taken a hit as wages climb. Lackluster revenue growth amid inflation has compounded with significant salary hikes to dampen profit for business coaches.
Including values and annual change:
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Key data sources in the US include:
Analysts also use industry specific sources to complement catch-all sources, although their perspective may focus on a particular organization or representative body, rather than a clear overview of all industry operations. However, when balanced against other perspectives, industry-specific sources provide insights into industry trends.
These sources include:
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The market size of the Business Coaching in the US industry in United States is $14.1bn in 2024.
There are 80,490 businesses in the Business Coaching in the US industry in United States, which has grown at a CAGR of 5.4 % between 2019 and 2024.
The market size of the Business Coaching in the US industry in United States has been declining at a CAGR of 0.3 % between 2019 and 2024.
Over the next five years, the Business Coaching in the US industry in United States is expected to grow.
The biggest companies operating in the Business Coaching market in United States are Interpublic Group Of Companies, Inc., W20 Group and Franklin Covey Co.
Providing management development training and Providing professional development training are part of the Business Coaching in the US industry.
The company holding the most market share in United States is Interpublic Group Of Companies, Inc..
The level of competition is moderate and increasing in the Business Coaching in the US industry in United States.