Coaching industry: High demand regions
Globally, Western Europe's coaching industry has the second highest total annual revenue percentage from coaching, while North America has the highest total annual revenue. Western Europe and North America have significantly higher overall revenues than other regions of the world according to a report by the Coaching Federation (Coach Federation Report, 2016).
Demand for coaching services was projected to increase yearly, according to research from 2016. The average earnings for Executive Coaches is £255. However, less experienced coaches, such as coaches with less than 10 years experience, are expected to earn considerably less than this. This figure is the mean average from across the globe. Executive coaches in specific countries, such as the UK, may earn more than this (managingchange.org.uk, 2016).
Coaching industry: Clients job roles
The majority of clients are found to work in managerial positions such as middle management or senior management positions rather than lower level job positions (Coaching Federation Report, 2016).
The most common job roles held by clients who enlist a coach were found to be managerial job roles, this is closely followed by chief executives and senior management, personal clients, business owners and entrepreneurs.
Global DemandGlobal coaching industry
According to Forbes the global coaching industry was a $1 billion a year industry in 2016 (Forbes 2016).
According to an ICF Global Coaching Study, in 2016, Western Europe had the highest percentage of coaches followed by North America.
Eastern Europe was found to have the third highest percentage and Asia accounted for the fourth highest percentage, respectfully (ICF Global Coaching Study 2016).
North America was found to have the highest average revenue (around 61,000 US dollars) followed by Western Europe (around 55,000 dollars).
There are approximately 53,300 professional coach practitioners worldwide (ICF Global Coaching Study, 2016).
References
http://www.managingchange.org.uk/news-and-views/the-global-demand-for-executive-coaching-in-2016
https://coachfederation.org/app/uploads/2017/12/2016ICFGlobalCoachingStudy_ExecutiveSummary-2.pdf
