Personal Development Market Report: Trends, Forecast and Competitive Analysis to 2030

Personal Development Market Report: Trends, Forecast and Competitive Analysis to 2030

Personal Development Trends and Forecast

The future of the global personal development market looks promising with opportunities in the mental health, motivation & inspiration, physical health, self-awareness, and skillset enhancement markets. The global personal development market is expected to reach an estimated $60.5 billion by 2030 with a CAGR of 7.0% from 2024 to 2030. The major drivers for this market are people' significant emphasis on learning new talents for self-improvement, personal growth, and self-recognition and individuals are increasingly choosing for self-improvement programs to better their physical and mental health.

A more than 150-page report is developed to help in your business decisions. Sample figures with some insights are shown below.

Personal Development by Segment

The study includes a forecast for the global personal development by instrument, focus area, and region.

Personal Development Market by Instrument [Shipment Analysis by Value from 2018 to 2030]:

• Books
• E-Platforms
• Personal Coaching/Training
• Workshops & Seminars

Personal Development Market by Focus Area [Shipment Analysis by Value from 2018 to 2030]:

• Mental Health
• Motivation & Inspiration
• Physical Health
• Self-Awareness
• Skillset Enhancement

Personal Development Market by Region [Shipment Analysis by Value from 2018 to 2030]:

• North America
• Europe
• Asia Pacific
• The Rest of the World

List of Personal Development Companies

Companies in the market compete on the basis of product quality offered. Major players in this market focus on expanding their manufacturing facilities, R&D investments, infrastructural development, and leverage integration opportunities across the value chain. With these strategies personal development companies cater increasing demand, ensure competitive effectiveness, develop innovative products & technologies, reduce production costs, and expand their customer base. Some of the personal development companies profiled in this report include-

• Dale Carnegie & Associates
• Franklin Covey
• Hay House Publishing
• Landmark Worldwide Enterprises
• Nutrisystem
• OpenSesame
• SkillPath
• Skillsoft
• Success Resources America
• Toastmasters International

Personal Development Market Insights

Lucintel forecasts that personal coaching/training will remain the largest segment over the forecast period due to increased desire for individualized assistance, emphasis on skill advancement and performance improvement, emphasis on self-awareness and personal growth.

North America will remain the largest region over the forecast period due to superior technology infrastructure, early digital platform adoption, and a strong self-improvement culture.

Features of the Global Personal Development Market

Market Size Estimates: Personal development market size estimation in terms of value ($B).

Trend and Forecast Analysis: Market trends (2018 to 2023) and forecast (2024 to 2030) by various segments and regions.

Segmentation Analysis: Personal development market size by instrument, focus area, and region in terms of value ($B).

Regional Analysis: Personal development market breakdown by North America, Europe, Asia Pacific, and Rest of the World.

Growth Opportunities: Analysis of growth opportunities in different instrument, focus area, and regions for the personal development market.

Strategic Analysis: This includes M&A, new product development, and competitive landscape of the personal development market.

Analysis of competitive intensity of the industry based on Porter’s Five Forces model.

FAQ

Q1. What is the personal development market size?

Answer: The global personal development market is expected to reach an estimated $60.5 billion by 2030.

Q2. What is the growth forecast for personal development market?

Answer: The global personal development market is expected to grow with a CAGR of 7.0% from 2024 to 2030.

Q3. What are the major drivers influencing the growth of the personal development market?

Answer: The major drivers for this market are people' significant emphasis on learning new talents for self-improvement, personal growth, and self-recognition and individuals are increasingly choosing for self-improvement programs to better their physical and mental health.

Q4. What are the major segments for personal development market?

Answer: The future of the global personal development market looks promising with opportunities in the mental health, motivation & inspiration, physical health, self-awareness, and skillset enhancement markets.

Q5. Who are the key personal development market companies?

Answer: Some of the key personal development companies are as follows:

• Dale Carnegie & Associates
• Franklin Covey
• Hay House Publishing
• Landmark Worldwide Enterprises
• Nutrisystem
• OpenSesame
• SkillPath
• Skillsoft
• Success Resources America
• Toastmasters International

Q6. Which personal development market segment will be the largest in future?

Answer: Lucintel forecasts that personal coaching/training will remain the largest segment over the forecast period due to increased desire for individualized assistance, emphasis on skill advancement and performance improvement, emphasis on self-awareness and personal growth.

Q7. In personal development market, which region is expected to be the largest in next 5 years?

Answer: North America will remain the largest region over the forecast period due to superior technology infrastructure, early digital platform adoption, and a strong self-improvement culture.

Q.8 Do we receive customization in this report?

Answer: Yes, Lucintel provides 10% customization without any additional cost.

This report answers following 11 key questions:

Q.1. What are some of the most promising, high-growth opportunities for the personal development market by instrument (books, e-platforms, personal coaching/training, and workshops & seminars), focus area (mental health, motivation & inspiration, physical health, self-awareness, and skillset enhancement), and region (North America, Europe, Asia Pacific, and the Rest of the World)?

Q.2. Which segments will grow at a faster pace and why?

Q.3. Which region will grow at a faster pace and why?

Q.4. What are the key factors affecting market dynamics? What are the key challenges and business risks in this market?

Q.5. What are the business risks and competitive threats in this market?

Q.6. What are the emerging trends in this market and the reasons behind them?

Q.7. What are some of the changing demands of customers in the market?

Q.8. What are the new developments in the market? Which companies are leading these developments?

Q.9. Who are the major players in this market? What strategic initiatives are key players pursuing for business growth?

Q.10. What are some of the competing products in this market and how big of a threat do they pose for loss of market share by material or product substitution?

Q.11. What M&A activity has occurred in the last 5 years and what has its impact been on the industry?

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