Guide To coahcing Industry in 2021

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Monks
A Journey Into Expansion
Guide to
Coaching Industry 2021
www.xmonks.com support_at_xmonks.com
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C O N T E N T
HELLO! INTRODUCTION 3 THE EVOLUTION OF THE
COACHING INDUSTRY 4 A RISE IN DEMAND FOR COACHES
5 A PEEK INTO THE COACHING WORLD 6
STATISTICS ON LIFE COACHING 10 STATISTICS ON
BUSINESS COACHING 11 STATISTICS ON CAREER
COACHING 12 STATISTICS ON HEALTH COACHING
13 STATISTICS ON FINANCIAL COACHING 14
STATISTICS ON MANAGEMENT COACHING 15
STATISTICS ON SALES COACHING 16 REFERENCES
17 CONCLUSION 18
O F
T A B L E
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HELLO! INTRODUCTION
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Who, exactly, seeks out a coach? If you ask a
coach the answer is usually the same Winners
who want even more out of life. - Abigail
Pickus, 2000. Despite the abundance of advantages
coaching posses, statistical data has attracted
the most audience. Think of it like this, what
attracts you more while buying a pair of shoes,
the advantages of that particular shoe, or the
price and the number of consumers that are going
for it. The answer is simple, the numbers.
Humans have evolved as beings who are more
attracted to numbers. An investigation has
proved that human retention is more when they are
faced with numeral/figurative stimuli. Numbers
are like magic, they possess our minds in a
vivid form to train our brain. It is similar to
what a coach does. A coach trains an individual
and numbers our brain.
the evolution of the coaching industry, from
where it all began, then we move forward to the
second part to discuss the who, the growing
demand for coaches globally. Later, in the third
part, we unveil the why- the numerous benefits
of the coaching industry. In the last part, we
show statistical researched data of the evolving
fashion of Niche Coaching that includes life
coaches, business coaches, executive coaches,
finance coaches, management coaches, sales
coaches, career coaches, and leadership coaches.
This book on coaching is a travel guide to all
the aspiring coaches and the existing coaches,
as well, to discover the trends that their field
is experiencing. Bursting all the myths of
coaching - (the who, where, why, what, and how),
this book brings you A guide into the coaching
world. In the first part, we discuss
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THE EVOLUTION OF THE COACHING INDUSTRY Lets go
back, Stop for a moment and think,How did
coaching begin? Was it the new kid in the room
or the oldest gal?
Lets see.
The word coach is thought to be derived from
the Hungarian word kocsi, which means from
Koc. Coaches are thought to have first appeared
in England in the sixteenth century. Another
concept says that the term coach in reference
to a trainer first appeared around 1830 at
Oxford University. In 1861, the term coaching
was thus defined as a process used to transport
people from where they are to where they want to
go. Another concept traces coaching back from
sports, which suggested sports to be the
beginning. Now that we know the start, what is
the present?
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A RISE IN DEMAND FOR COACHES
THE PRESENT IS MORE
Coaching now has evolved to
be the second-fastest-growing industry in the
world. This industry has experienced a massive
boom worldwide across a range of sectors over
the past decade. The main reason that has
contributed to such a rapid expansion is due to
the growing need for personal development.
Individuals all around the globe have seen an
increase in the need to achieve the best
standard for themselves. Everyone in every field
wants the best, this has called upon
professionals all around to the rescue.
ASTONISHING.
RESULT BY THE NUMBERS
80 70 86
of coachees report increased self-confidence
Another important reason that has contributed to
such a rapid expansion is the fact that coaching
is a non-regulated industry. This means that
anyone from any market can enter this industry.
There is no set qualification, education, or
experience required to become a coach. All one
needs is a strong will to help individuals.
of coachees improve work performance,
relationships, and communication of companies
recouped their investment in coaching and more
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A PEEK INTO THE COACHING WORLD
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Lets talk in numbers now. Why coaching? What is
the condition? And what are the many benefits?

• The global market size of the coaching industry
  is over USD 15 Billion. By the end of 2022, the
  market value of the coaching industry is
  predicted to reach USD 1.34 billion.

Coaching Professionals by World Regions
80000
71000
60000
40000
23000
20400
20000
11000
6300
4600
2600
2600
0
Asia
Eastern Europe
Latin America and the Caribbean
Middle East and Africa
North America
Oceania
Western Europe
Global
2016
2020

• There are more than 43,80,000 coaches globally
  with approximately 17,90,000 coaches estimated in
  the US itself.

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• Women dominate the percentage of coaching
  professionals globally by 70. There has been a
  steady rise in the number of female coaches from
  52 to 59 in 4 years.

Niche Speci?city, Female Coaches
Coaches witha speci?c niche (business or other)
Coaches who practice across niches
Niche Speci?city, Male Coaches
Coaches witha speci?c niche (business or other)
Coaches who practice across niches
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• The average income of the coaching industry has
  risen by 4 globally.
• Average income from coaching in USD
• All world regions (2020)
• 80000

62,500
61,100
60000
51,100
47,100
40000
34,900
33,600
20,900
19,100
20000
0
Asia
Eastern Europe
Latin Middle America East and and the Africa
Caribbean
North Oceania America
Western Europe
Global

• The estimated Global revenue of coaching is more
  than USD 2.849 billion (2015).

Total Annual Revenue from Coaching By World Region

1500
Revenue ( in Million, USD)
1000
500 0
Asia
Latin
North
Eastern
Oceania
Western
Middle East
World Regions 2016 2020
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• The estimated number of certified coach
  practitioners around the globe is approximately
  71000.

Estimated Number of Coaches in the World Data as
of 2019 5000000 4000000 3000000 2000000 10
00000 0 71000 No. of coaches (worldwide)
ICF Survey
LinkedIn

• Due to the rise of the pandemic 51 of the life
  coaches have reported a decrease in the number of
  active clients why 37 have reported a decrease
  in their working hours. When we compare the
  positive impact in the negative impact 65 of
  the coaches have seen a negative impact why 25
  have reported a positive impact on the business.
  These difficult times have changed the outline of
  the coaching sessions maximum being held through
  auto visual platform and others by the use of
  phones.
• Effects of the Covid-19 Pandemic on Life Coaches

Reduced income
49
Reduced working hours Temporary closure of
practice Job loss/ unemployment Career change
due to pandemic Business closed permanently
37
12
6
5
2
No effect
0
10
20
30
40
50

• Percent
• The post covid period has reported a global
  recession 34 of the coaches while life coaching
  has seen the maximum impact.

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STATISTICS ON LIFE COACHING
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In the early 1980s, Thomas Leonard introduced the
idea of life coaching. Many people were
skeptical of his definition of coaching as a
discipline. But later on, the benefits of
coaching quickly became apparent, and coaching
itself was regarded as a highly useful
discipline. As a result, thousands of people
began their coaching careers.

• If youre thinking of becoming a life coach, you
  probably want to know exactly what coaches do.
  What does a coach provide to his or her clients
  and what does the typical day of a life coach
  look like? But do you know how life coaching has
  become?
• Lets find
• 1
• Life coaching is the second-fastest-growing
  industry in the world.
• The average yearly growth rate is 6.7 .

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The estimated number of ICF accredited life
coaches globally is more than 71,000 with 23,000
life coaches in North America.
The market size, measured by revenue, of the
Life Coaches industry, is 991.5m in 2021.
The high-income regions of North America
(62,500), Western Europe (61,100), and
Oceania (51,100) had the highest
average revenues.
The average salary of a life coach is 19,100
to 62,500.
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During the pandemic, nearly half of all life
coaching practitioners (48) reported a
significant increase in the number of hours
spent on training. 6
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STATISTICS ON BUSINESS COACHING
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Who is a business coach? He is a coach who
helps your business tackle specific tasks and
objectives. For example, helping through the
process of bringing on a business partner, or
managing a software implementation. The coach
helps set the objectives, determines the number
of sessions needed to meet the goal, and charges
a fee for the service. Now, let us discover the
trends of business coaching.

• Big silicon valley companies like Google and
  Apple owe much of their trillion-dollar
  valuations to their business coach, Bill
  Campbell.
• One in every six entrepreneurs turns to coaching
  to improve their performance.
• 33 of founders who are mentored by successful
  entrepreneurs go on to become top performers.
• Business coaching is a niche that has shown an
  increase in popularity since 2016.
• The market size of the business coaching industry
  in the US has shown a growth of approximately
  1.2 since 2016 and was valued at USD 11.6
  billion (measured by revenue) in 2021.
• 92 of small business owners agree mentors have a
  direct impact on their growth and the chances
  for their businesses to survive.

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STATISTICS ON CAREER COACHING A career coach is
there to ask questions, offer support, and help
you navigate through any problems youre
experiencing when searching for work. our coach
is competent and professional in providing you
with wisdom, motivation, and encouragement to
help you reach your goals. Here are some
interesting career coaching statistics.
15 80 57 62 72 Career
opportunities are cited as the most important
reason for hiring a coach by 15 of coaching
clients.
of coaching clients say coaching has helped
them advance in their careers.
of the clients include their work-life balance.
of the clients improve their communication
skills.
of the clients into their self- confidence.
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STATISTICS ON HEALTH COACHING
A Health Coach assists people in gaining the
knowledge, skill sets, techniques, and
self-belief they need to take charge of their
lifestyle and diet, allowing them to achieve
their life goals. Health and wellness coaches
are important members of the larger healthcare
team because they bridge the gap between
conventional healthcare and enacting sustainable
and meaningful behavioral lifestyle improvements.
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Here are some statistics on health coaches.
There are approximately 128000 health coaches and
health educators all around the globe who are
focused on improving health and being proactive.
The service market of health coaching is 7
billion. According to a recent report, health
coaches can earn around 50,000 to 100,000 per
year or 25 to 100 per hour. According to the
U.S. Bureau of Labor Statistics, there were
71,000 dietitians and nutritionists working in
the United States in 2018. The total market of
health coaching is so big that it is forecasted
to grow at a 5.4 average annual pace, to
7.85 billion by 2022. Research has shown a
shortage of 120,000 providers is expected within
the next ten years which makes this industry to
grow more. The global health coaching industry
was valued at USD 6.14 billion in 2019 and was
expected to continue its growth of approximately
6.8 to cross USD 8 billion by the year 2022.
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STATISTICS ON FINANCIAL COACHING
Financial coaching has gained significant
recognition over the past decade. It is a
general coaching field that supports the
individual in pursuing self define goals,
identifying behavioural outcomes, brainstorm
strategies, set concrete action plans by
identifying the strengths, and building
motivation. They improve the financial
situation, change the financial behaviour and
facilitate the decision-making process by
providing tools and resources to their clients
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A project by CitiGroup showed 54 of the
clients with no savings at the starting of the
project had some savings after participating
in a coaching program which resulted in a
median saving of 668.
The 55 of the clients with unsecured debts
after coaching decrease the amount of the
debt with the median decrease of 3005.
The 48 of the clients who had savings at the
starting of the project increased the amount
over time with a median increase of 938.
7 of the clients raise their credit scores
over the course of the coaching process with
a mean increase of 59 points.
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STATISTICS ON MANAGEMENT COACHING
Executive and management coaches assist managers
and executives in developing their leadership
abilities. But do they provide a good return on
investment? Here are some of the advantages of
executive coaching.
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14 of coaching clients suggest they hire
coaches to enhance their business management
skills.
63 of organizations that offered to coach
to their employees reported higher revenue and
income growth among their competitors.
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25 to 40 of Fortune 500 companies have
included executive coaching as a part of their
standard leadership training for their top
executives and best
More than 50 of the practitioners indicated
that their clients are mostly managers (27)
or executives (25) 05
According to the International Coaching
Federation (ICF), 86 of organizations saw an
ROI on their Coaching engagements, and 96 of
those who had an Executive Coach said they would
repeat the process again. 03
performers. 02
Coaching has helped 61 of coaching clients
improve their business management skills. 06
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STATISTICS ON SALES COACHING
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The name sales coaching suggests coaches, telling
their team what to do. But this is not true.
Sales coaching is much more. It is how leaders
equip their team to reach the maximum potential
and give them the tools and the knowledge to
make better decisions in the sales process. They
help them achieve the optimum efficiency. Here
are some eye-opening sales coaching statistics to
help you build a strong sales coaching program.
Sales coaching can improve the performance of
60 of a companys sales reps.
Companies with dynamic sales coaching programs
achieve 28 higher win rates.
Companies that provide quality coaching can
reach 7 greater annual revenue growth.
One-third of high-performing companies have
continuous sales coaching programs.
High-quality coaching can improve it by up to
19 and moderate coaching can improve it by
6-8 across 50 of the sales force.
Outside coaches are used by nearly half of the
organisations that have effective sales
coaching programs.
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REFERENCES
https//yourcoach.health/healthcoachingreport/heal
th-coaching- report-yourcoach.pdf
https//www.citigroup.com/citi/foundation/pdf/news
100713.pdf
https//coachingfederation.org/app/uploads/2020/09
/FINAL_ICF_ GCS2020_ExecutiveSummary.pdf
https//blog.marketresearch.com/top-6-things-to-kn
ow-about-the- personal-coaching-industrytext
Marketdata20estimates20 that20the20total,due
20to20a20likely20recession.
https//www.linkedin.com/pulse/coaching-industry-s
tatistics- umesh-venkatesh/
https//coachfoundation.com/blog/life-coaching-sta
tistics/
https//www.luisazhou.com/blog/coaching-statistics
/
https//blog.learningwithbiz.com/9-amazing-statist
ics-power-of- coaching-leadership
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CONCLUSION
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Thus, concluding this book, remind yourself again
of all the numbers that have made this coaching
game a must-play. Think of all the reasons why
you want to step into this world of coaching and
endeavors in this ever-evolving journey. Find
your own guide, discover your own path and
create your own story because this is what
coaching really is.
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Monks
A Journey Into Expansion
XMONKS 137- First Floor, DLF Star Tower, Sector
30, NH-8,Opposite 32 Milestone, Gurugram India
122001
91 98100-88509 support_at_xmonks.com www.xmonks.com