by Petri Maatta

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Life Coaching Statistics

Did you know that the worldwide life coaching market will reach $2 billion by 2022?

That’s correct!

Coaches are in high demand, and there are many chances to assist individuals in achieving their objectives.

If you’re searching for a profession with many development potentials, life coaching may be what you’re looking for. So, what do you have to lose?

Now is the time to discover this intriguing sector for yourself!

Key Life Coaching Statistics

  • According to a recent study by the International Coach Federation (ICF), the worldwide life coaching industry is anticipated to reach $2.4 billion in 2022, with a growth rate of 19% each year.
  • The sector is expected to reach $2 billion in value by 2022! This implies that there are many potential entry points into the industry.
  • As of 2022, there will be 71,000 life coaches in 161 countries worldwide. In 2018, there were 53,300 life coaches. Life coaching is one of the fastest-growing sectors in the US. 23,300 coaching experts operate in North America. In the US, coaches’ total revenue increased by 36% from 2015 to 2019.
  • The worldwide coaching revenue is expected to be $2.849 billion in 2019. In the United States, the coaching market is worth $1 billion.
  • With the growing popularity of life coaching, it’s no surprise that there are statistics to suggest that coaching is becoming more popular. According to a recent ICF poll, 43% of respondents have used a coach in the past, with 21% stating they would likely do so again.
  • International Coaching Federation discovered that life coaching has an average 70 % success rate. This implies that seven out of 10 persons who use life coaching services believe they have reached their objectives.

What Is Life Coaching?

A life coach is a professional service that helps clients accomplish their personal and professional goals.  A life coach will work with you to identify your potential and potential areas of opportunity, then help you develop a strategy to achieve them.  They may also offer encouragement and accountability to keep you on track.

 

What Is the Size of The Life Coaching Industry?

The life coaching business has seen tremendous development in recent years, and it shows no sign of slowing down. The sector is expected to reach $2 billion in value by 2022! This implies that there are many potential entry points into the industry.

Statistics On Life Coaching Industry in USA And Western Countries

The statistics on life coaching are astounding, and they keep climbing each year.

If you’re considering starting your own life coaching business or have already begun one, this is a perfect moment to be in the sector. With so many people looking for trainers on LinkedIn and the industry expanding rapidly, there are now many possibilities for coaches to succeed.

  • As of 2022, there will be 71,000 life coaches in 161 countries worldwide. In 2018, there were 53,300 life coaches.
  • Life coaching is one of the fastest-growing sectors in the US. 23,300 coaching experts operate in North America. In the US, coaches’ total revenue increased by 36% from 2015 to 2019.
  • The worldwide coaching revenue is expected to be $2.849 billion in 2019. In the United States, the coaching market is worth $1 billion.

 

What Is the Future of The Life Coaching Industry?

With statistics indicating that the life coaching business is flourishing, the industry’s future appears bright.

According to a recent study by the International Coach Federation (ICF), the worldwide life coaching industry is anticipated to reach $2.4 billion in 2022, with a growth rate of 19% each year. Increased understanding of coaching’s advantages and an expanding number of people seeking out coaching services to assist them in attaining their objectives are driving this development.

  • The ICF study discovered that life coaches had increased dramatically in recent decades, with over 53,000 professional coaches worldwide.
  • The ICF predicts that the number of coaches will rise to over 100,000 by 2022 due to this growth.
  • With the growing popularity of life coaching, it’s no surprise that there are statistics to suggest that coaching is becoming more popular. According to a recent ICF poll, 43% of respondents have used a coach in the past, with 21% stating they would likely do so again.

So, if you’re considering becoming a life coach or already working as one, the future appears to be bright for you. With more and more people looking for coaching services, and the sector poised to accelerate over time, there has never been a better time to be a life coach.

Six Reasons for Life Coaching Industry Growth

There are several reasons why the coaching business has grown. According to the life coaching industry statistics, various factors have helped this develop.

1. Awareness about life coaching

The first reason is that individuals become increasingly more aware of life coaching. People used only to seek expert assistance when they were having difficulties with serious issues in the past. Today, people are more open to consulting a life coach even if they aren’t facing any major problems in their lives. They look at life coaching to prevent difficulties from arising or help them tackle difficulties more effectively.

2. The growth of the internet

The development of the internet has also aided in the rise of life coaching. The internet has made it simpler for individuals to obtain information about life coaching and connect with life coaches worldwide. It’s also made it easier for life coaches to advertise their services and contact prospective customers.

3. The rise of the millennial generation

The introduction of e-learning and online courses has also aided in developing the life-coaching sector. The millennial generation’s growing interest in searching for help from a life coach is another factor that has contributed to this growth. Millennials see life coaching as an excellent investment that can assist them in achieving their objectives and improving their lives.

4. The increasing demands of the workforce

The third driver of the growth of the life coaching business is the blossoming of the millennial generation. Millennials are frequently characterized as being more “self-aware” and “aware” than previous generations. They are also more likely to seek out assistance from a life coach to face work demands.

5.  The globalization of the world

The worldwide spread of people is the fourth reason for the growth of the life coaching business. People are more receptive to seeking assistance from a life coach located in another nation as the world becomes increasingly connected. The globalization of the planet has also made it easier for life coaches to appeal directly to a global audience.

6. The changing role of women

The fifth reason for the growth of the life coaching business is that women’s roles have changed. Women were formerly told not to seek assistance from a life coach, but that is no longer the case. Women are now more aware of the benefits of life coaching than they were in the past. They employ life coaching to overcome their personal and professional problems.

Final words

The life coaching business is thriving, and there are no indications it will stop. If you’re considering being a life coach or currently work as one, the future appears to be bright for you. With more and more people looking for coaching services and the industry poised to accelerate at an even quicker rate, now may be the ideal time to become a life coach.

What are your thoughts on the growth of the coaching business? In the comments area below, share your ideas about why this sector has grown so rapidly.

Frequently Asked Question

1. What is the success rate of coaching?

The success rate for coaching is difficult to assess because it depends on the client’s goals and aims. However, the International Coaching Federation discovered that life coaching has an average 70 % success rate. This implies that seven out of 10 persons who use life coaching services believe they have reached their objectives.

2. What %age of life coaches are men?

The %age of male life coaches is difficult to calculate because there is no authoritative data on the number of life coaches in the world. According to research by the International Coach Federation, however, most life coaches are women. As a result,

3. How much do life coaches charge?

Life coaches charge between $100 and $200 per hour on average. On the other hand, some life coaches charge more or less than that. The typical salary of a life coach is $61,000 per year.

4. What are the benefits of life coaching?

Because life coaching is an individualized approach to helping people reach their objectives, determining the effectiveness of this service is difficult. However, according to the International Coach Federation, life coaching has an average success rate of 70%. This implies that seven out of ten individuals who utilize life coaching services believe they have met or exceeded their objectives.

5. What are some of the advantages of life coaching?

Life coaching can assist people in achieving their objectives and goals. Some of the advantages of life coaching include improved communication, more self-assurance, improved time management abilities, and a better understanding of one’s goals.

Statistics for this article were gathered from the following sources:

  1. Career Outlook
  2. Zippia Demographics
  3. Mars / Venus Coaching Analysis
petri maatta, CEO
Petri Maatta

Petri Maatta is a photographer, filmmaker, and webdesigner who has been working for over 20 years in the creative industry. Fascinated by manifesting for business reasons, Petri was determined to find out what it took to create success. He started his career with seven years of business failures before he found success by learning about manifesting from a mentor with a Fortune 500 company. Today Petri shares his knowledge through DreamMaker courses designed to help people change their businesses and lives while living on their terms.

Read more About us or read My Story.

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