Sharing Economy Market Report 2026

The sharing economy market size has grown exponentially in recent years. It will grow from $244.8 billion in 2025 to $309.74 billion in 2026 at a compound annual growth rate (CAGR) of 26.5%. The growth in the historic period can be attributed to increasing digital platform adoption, growing consumer cost awareness, rising internet accessibility, expansion of online service ecosystems, early success of sharing platforms.

The sharing economy market size is expected to see exponential growth in the next few years. It will grow to $752.83 billion in 2030 at a compound annual growth rate (CAGR) of 24.9%. The growth in the forecast period can be attributed to growing acceptance of alternative consumption models, rising demand for flexible services, increasing urban lifestyle changes, strengthening platform based economies, expanding shared resource accessibility. Major trends in the forecast period include rising usage of collaborative consumption platforms, growing preference for access over ownership models, increasing expansion of peer to peer service networks, strengthening adoption of asset sharing solutions, expansion of digitally enabled shared service ecosystems.

The growing adoption of electric vehicles is anticipated to drive the expansion of the sharing economy market in the coming years. Electric vehicles (EVs) are automobiles that operate fully or partially on electric power. The increasing uptake of electric vehicles is driven by factors such as heightened environmental awareness, improvements in battery technology, supportive government incentives and subsidies, expanding charging infrastructure, and lower operating and maintenance expenses. Within the sharing economy, electric vehicles are utilized as environmentally friendly alternatives for ride-sharing and car-sharing services, offering users convenient, sustainable, and cost-efficient transportation options. For instance, in 2024, according to the International Energy Agency (IEA), a France-based intergovernmental organization, electric car sales in 2023 rose by 3.5 million compared with 2022, representing a 35% year-on-year increase. Therefore, the increasing adoption of electric vehicles is contributing to the growth of the sharing economy market.

Major companies operating in the sharing economy market are introducing innovative features to improve user experience, enhance operational efficiency, and support sustainability goals. Innovative group ride features, including demand-based dynamic pricing, real-time trip tracking, and flexible route planning, improve the efficiency and convenience of shared transportation, encouraging greater participation in the sharing economy while lowering overall transportation costs and environmental impact. For instance, in August 2023, Uber Technologies Inc., a US-based transportation company, introduced a new feature called Group Rides in India, enabling riders to share trips with up to three friends traveling to the same destination. This solution is designed to reduce the number of vehicles on the road while offering riders notable fare savings by splitting costs. By allowing users to add friends through messaging apps and customize pickup points, Group Rides enhances affordability and convenience while helping ease road congestion through shared mobility. This initiative supports Uber’s objective of enabling efficient and sustainable transportation for both users and the environment.

In November 2023, INRIX Inc., a US-based software company, acquired Ride Report for an undisclosed amount. Through this acquisition, INRIX expanded its capabilities to deliver comprehensive multimodal mobility intelligence by integrating Ride Report’s advanced platform, enabling public agencies to access broader data and insights for managing shared scooters, bikes, cars, and other emerging mobility services alongside existing car, freight, and curbside data solutions. Ride Report is a US-based shared mobility company that assists cities in launching, managing, and evaluating shared scooter, bike, and car programs.

Major companies operating in the sharing economy market report are Uber Technologies Inc, Didi Global, JLL, Booking Holdings Inc, Avis Budget Group, eBay Inc, Airbnb Inc, Snap, Accor SA, Lyft Inc, Lime, Fiverr International Ltd, Prosper, BlaBlaCar, Zipcar, Fon, JustPark, Spotahome, Couchsurfing, Eatwith, HubbleHQ, E-stronger, VaShare, Stashbee Limited, Steam.

North America was the largest region in the sharing economy market in 2025. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the sharing economy market report are Asia-Pacific, South East Asia, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. The countries covered in the sharing economy market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Taiwan, Russia, South Korea, UK, USA, Canada, Italy, Spain.

The sharing economy market consists of revenues earned by entities by providing services such as transportation, accommodation, shopping, freelancing, dining, and pet services. The market value includes the value of related goods sold by the service provider or included within the service offering. The sharing economy market also includes sales of smartphones and tablets, IoT devices, payment terminals and pos systems, electric vehicles and charging stations. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.

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