Demand for the Life Coaches industry grows when public confidence declines and people's ability to handle the issues on their own falters. When the housing bubble burst and the US economy fell into a recession, consumer confidence plummeted. This decline, coupled with high unemployment, falling incomes and bleak outlooks, caused Americans to seek out the assistance of professional coaches, benefiting the industry. However, as the economy slowly continues to recover and consumer confidence returns, demand for life coaches is expected to wane. Over the five years to 2019, although consumers will likely require less guidance, high-income households will serve as the primary vehicle of growth for the 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.
The report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecast, growth rates and an analysis of the industry key players and their market shares.