Global Personal Development Market

Personal Development Market Size, Share, Growth Analysis, By Instrument(Books, e-Platforms, Personal Coaching/Training, Workshop & Seminars), By Focus Area(Mental Health, Motivation & Inspiration, Physical Health, Self-Awareness), By Region - Industry Forecast 2024-2031


Report ID: SQMIG50B2022 | Region: Global | Published Date: July, 2001
Pages: 157 | Tables: 68 | Figures: 75

Personal Development Market Regional Insights

North America held the largest share of the global personal development market. In North America, there has been strong uptake of digitally upgraded platforms for self-improvement activities. It is anticipated that early adoption of audiobooks, e-books, and other technologically advanced learning platforms will increase demand for personal development courses in the region. Due to an increase in the number of people participating in various self-improvement programmes that focus on improving communication skills, South America, the Middle East, and Africa are predicted to experience significant growth between 2020 and 2027. The early uptake and rising interest in e-books and audiobooks are also encouraging signs for the expansion of the local industry.

In addition, the Asia-Pacific region is anticipated to contribute significantly to the expansion of the personal development market globally over the course of the forecast period as a result of growing government backing for innovative initiatives to improve kids' skills. For instance, the Delhi government introduced a daily online "English and Personality Development" programme in May 2020 for children in classes 10 and 12. The British Council and MacMillian Education are partners in the program's introduction. Approximately 2,70,000 students, according to officials (class 10 and 12 combined) were able to access the link and enroll in the course.

According to projections, the European Personal Development Market will grow at a large rate, primarily as a result of people's increased attention to maintaining their mental health. People from the general public are taking part in personal development initiatives that primarily focus on psychological and spiritual growth in Europe. Additionally, the rise of this market in the European region is expected to benefit from an increase in physical exercise programmes.

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FAQs

Personal Development Market size was valued at USD 41.81 billion in 2019 and is poised to grow from USD 44.11 billion in 2023 to USD 71.42 billion by 2031, growing at a CAGR of 5.5% in the forecast period (2024-2031).

personal development market is relatively fragmented, with a high level of competition. Major market players are spending in R&D to include cutting-edge technologies and create training programmes with unique features. Customization enables businesses to draw in more clients. Leading players also emphasize increasing their geographic reach. 'Franklin Covey Co.', 'Dale Carnegie & Associates, Inc.', 'Tony Robbins Research International, Inc.', 'Landmark Worldwide', 'SkillPath Seminars', 'Success Resources Ltd.', 'Mindvalley LLC', 'Brian Tracy International', 'The Chopra Center for Wellbeing', 'Hay House, Inc.', 'Ziglar, Inc.', 'The John Maxwell Company', 'Robin Sharma Inc.', 'Nightingale-Conant Corporation', 'Jay Shetty International, Inc.', 'The Arbinger Institute', 'Simpleology Inc.', 'The Personal Development Company', 'The Art of Living Foundation', 'The Human Potential Institute'

One of the major factors anticipated to propel market expansion throughout the forecast period is the increased emphasis on learning new skills, such as social and decision-making skills, for self-improvement, personal development, and obtaining self-recognition. Additionally, individuals frequently try to align their domain expertise with the standards established by their employers, which is positive for market expansion.

The adoption of social media has greatly increased interest in personality development programs. Many people, especially millennials, are being encouraged to enroll in personality development courses by targeted marketing on social media platforms like Instagram, Facebook, LinkedIn, and others. Numerous industry participants in the personality development sector provide hybrid coaching alternatives that can be both online and offline. The variety of solutions available in the personality development market as well as its rising popularity among millennials may prove to be key drivers of future growth.

North America held the largest share of the personal development market. In North America, there has been strong uptake of digitally upgraded platforms for self-improvement activities. It is anticipated that early adoption of audiobooks, e-books, and other technologically advanced learning platforms will increase demand for personal development courses in the region. Due to an increase in the number of people participating in various self-improvement programmes that focus on improving communication skills, South America, the Middle East, and Africa are predicted to experience significant growth between 2020 and 2027. The early uptake and rising interest in e-books and audiobooks are also encouraging signs for the expansion of the local industry.

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Global Personal Development Market

Product ID: SQMIG50B2022

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