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Global Personal Development Market to reach USD 56.99 billion by 2027.Global Personal Development Market is valued approximately at USD 40.23 billion in 2020 and is anticipated to grow with a healthy growth rate of more than 5.1% over the forecast period 2021-2027.
The U.S. current-account deficit increased and reached US$ 234.8 billion in Q4 2021. However, the Canadian Dollar exchange (CAD) increased by 29.9% in Q1 22 to reach US$ 294.4 billion, widening the imbalance by US$ 68.6 billion. In the first quarter of 2022, exports of goods and services rose by US$ 27.7 billion, totaling US$ 1.07 trillion. However, the nation’s goods and services deficit decreased to US$ 79.9 billion in June from US$ 87.9 billion in May, which was corrected, a US$ 5.7 billion decrease that indicated some relief. On the other hand, the annual inflation rate in the country hit 8.7%.
Market Overview-
Personal development includes aspects such as mental, physical, social, emotional, and spiritual growth to improve awareness and identity, develop talents, potential and building human capital. Growing trend of using digital platform for self-growth among millennials is benefitting the market. Growing awareness regarding physical and emotional fitness, huge availability of digital content that can be accessed also from remote locations, and constant introduction of new online and offline courses are fueling the growth in the market.
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For instance, in December 2019, Nutrisystem, Inc. launched personal weight loss plans for 2020, based on food preferences and body type of customers. The new program was aimed to provide food recommendations and custom macronutrients for weight loss based on individual favorites. Also, in September 2019, Udemy Inc. launched Udemy for Business, a corporate learning platform in India. Udemy for business is consisted of 3,500 technical and business courses that can be accessed after taking a subscription. Furthermore, growing competition in government and private jobs has surged the demand for personal development coupled with rising needs among employees to meet employer’s expectation are expected to boost the demand in the market in near future. However, security and data concern and busy lifestyle of individuals are expected to hinder the growth during forecast period.
North America is leading the market in terms of market share among Asia Pacific, North America, Europe, Latin America, and Rest of the World, due to early adoption of e-books, audio books and digitally advanced platforms for learning practices. Whereas Asia Pacific is expected to grow at the highest growth rate due to growing awareness regarding enhancing professional skills for better career opportunities and growing adoption of digital learning mediums.
Major market player included in this report are:
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The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming eight years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within each of the regions and countries involved in the study. Furthermore, the report also caters the detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, the report shall also incorporate available opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players.
The detailed segments and sub-segment of the market are explained below:
By Instrument:
Books
e-Platforms
Personal Coaching/Training
Workshop & Seminars
By Focus Area:
Mental Health
Motivation & Inspiration
Physical Health
Self-awareness
Skillset Enhancement
By Region:
North America
U.S.
Canada
Europe
UK
Germany
France
Spain
Italy
ROE
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Asia Pacific
China
India
Japan
Australia
South Korea
RoAPAC
Latin America
Brazil
Mexico
Rest of the World
Table of Content
Aim of the Report
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Updated : 2022-09-06 19:51 GMT+08:00
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