Billions

Ep 8. Life coaching is a US$4.5 BILLION market & growing! (Source: ICF)

The global coaching industry is a US$4.5billion market with various niches. It is a “competency” in its own right, where coaches help others achieve their personal &/or professional goals. Not to be confused with consulting, therapy, personal support, mentoring or training, which are methods that “fix” situations, “Life Coaching” starts with the premise that everyone has all “answers to self” & empowers people to get the outcomes they desire through becoming more self-aware.

As such, “popular culture” is showing continued demand for self-help & learning techniques on how to help them, help themselves. There’s lots of content out there on how to help oneself, with many tips on & guidance on how “to be” but people still are very confused about how to actually apply that guidance in real terms, which is why there’s been a rise in demand for life coaching.

Moreover, as a competency, it now stands in its own right, in a real way to help trigger good in other people, versus just a few years ago “life coaching” was very much seen as some kind of “weird thing” that didn’t make sense, a bit of an unknown. However, data evidences that it’s evolved since then, and coaching industry statistics project for 2025 the following (US$):

💰 The industry is expected to generate $7.21billion in 2025 (vs. US$4.5bn currently).
💰 The online coaching market will be a $11.7billion market by 2032.
💰 There are 109,200 coaches worldwide.
💰 The coaching industry has grown 62%from 2019.
💰 In North America, the coaching industry generates $2.08billion.
💰 In North America, this number of coaches is 34,200 with a 47% growth rate since 2019.
💰 99% of individuals and companies coached are satisfied or very satisfied.

Source: ICF Global Coaching

For more information:
💡 Coaching: www.dilanabeya.com/mindset-coach/
🗣️ Podcast www.dilanabeya.com
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