The global market for Sharing Economy was estimated at US$287.9 Billion in 2023, and is projected to reach US$1.4 Trillion by 2030, growing at a CAGR of 25.1% from 2023 to 2030. This comprehensive report provides an in-depth analysis of market trends, drivers, and forecasts, helping you make informed business decisions.
The growth in the sharing economy market is driven by several factors, including increasing urbanization, economic pressures, and evolving consumer preferences. As urban areas become more densely populated, the need for efficient resource use and accessible services intensifies, making sharing-based solutions more attractive. Economic pressures, particularly following the financial crises and the economic impacts of the COVID-19 pandemic, have pushed many individuals to seek alternative income sources and cost-saving measures, which sharing platforms readily provide. Additionally, changing consumer behavior, especially among younger generations, favors access over ownership and values experiences over material possessions. This shift is further supported by a growing environmental consciousness, with many consumers choosing sharing services as a way to reduce their ecological footprint. These factors collectively drive the robust expansion of the sharing economy, highlighting its significant and lasting impact on global economic and social landscapes.
The growth in the sharing economy market is driven by several factors, including increasing urbanization, economic pressures, and evolving consumer preferences. As urban areas become more densely populated, the need for efficient resource use and accessible services intensifies, making sharing-based solutions more attractive. Economic pressures, particularly following the financial crises and the economic impacts of the COVID-19 pandemic, have pushed many individuals to seek alternative income sources and cost-saving measures, which sharing platforms readily provide. Additionally, changing consumer behavior, especially among younger generations, favors access over ownership and values experiences over material possessions. This shift is further supported by a growing environmental consciousness, with many consumers choosing sharing services as a way to reduce their ecological footprint. These factors collectively drive the robust expansion of the sharing economy, highlighting its significant and lasting impact on global economic and social landscapes.
Key Insights:
- Market Growth: Understand the significant growth trajectory of the Sharing Transportation segment, which is expected to reach US$574.8 Billion by 2030 with a CAGR of a 25.6%. The Sharing Accommodation segment is also set to grow at 26.1% CAGR over the analysis period.
- Regional Analysis: Gain insights into the U.S. market, estimated at $78.4 Billion in 2023, and China, forecasted to grow at an impressive 34.0% CAGR to reach $374.7 Billion by 2030. Discover growth trends in other key regions, including Japan, Canada, Germany, and the Asia-Pacific.
Why You Should Buy This Report:
- Detailed Market Analysis: Access a thorough analysis of the Global Sharing Economy Market, covering all major geographic regions and market segments.
- Competitive Insights: Get an overview of the competitive landscape, including the market presence of major players across different geographies.
- Future Trends and Drivers: Understand the key trends and drivers shaping the future of the Global Sharing Economy Market.
- Actionable Insights: Benefit from actionable insights that can help you identify new revenue opportunities and make strategic business decisions.
Key Questions Answered:
- How is the Global Sharing Economy Market expected to evolve by 2030?
- What are the main drivers and restraints affecting the market?
- Which market segments will grow the most over the forecast period?
- How will market shares for different regions and segments change by 2030?
- Who are the leading players in the market, and what are their prospects?
Report Features:
- Comprehensive Market Data: Independent analysis of annual sales and market forecasts in US$ Million from 2023 to 2030.
- In-Depth Regional Analysis: Detailed insights into key markets, including the U.S., China, Japan, Canada, Europe, Asia-Pacific, Latin America, Middle East, and Africa.
- Company Profiles: Coverage of major players such as Airbnb, Inc., Avis Budget Group, Inc., Booking Holdings, Inc., and more.
- Complimentary Updates: Receive free report updates for one year to keep you informed of the latest market developments.
Select Competitors (Total 86 Featured):
- Airbnb, Inc.
- Avis Budget Group, Inc.
- Booking Holdings, Inc.
- Comuto SA (BlaBlaCar)
- EatWith
- Gaviti Akyl LTD
- HomeShare Online, Inc.
- LimeBike (Neutron Holdings Inc.)
- Lyft Inc
- movmi Shared Transportation Services, Inc.
- Spacious Ltd (HubbleHQ)
- Spotahome Ltd
- Stashbee Limited
- Uber Technologies, Inc.
- Zipcar, Inc.;
Table of Contents
I. METHODOLOGYII. EXECUTIVE SUMMARY2. FOCUS ON SELECT PLAYERSIII. MARKET ANALYSISSOUTH KOREAREST OF ASIA-PACIFICARGENTINABRAZILMEXICOREST OF LATIN AMERICAIRANISRAELSAUDI ARABIAUNITED ARAB EMIRATESREST OF MIDDLE EASTIV. COMPETITION
1. MARKET OVERVIEW
3. MARKET TRENDS & DRIVERS
4. GLOBAL MARKET PERSPECTIVE
UNITED STATES
CANADA
JAPAN
CHINA
EUROPE
FRANCE
GERMANY
ITALY
UNITED KINGDOM
SPAIN
RUSSIA
REST OF EUROPE
ASIA-PACIFIC
AUSTRALIA
INDIA
LATIN AMERICA
MIDDLE EAST
AFRICA
Companies Mentioned
- Airbnb, Inc.
- Avis Budget Group, Inc.
- Booking Holdings, Inc.
- Comuto SA (BlaBlaCar)
- EatWith
- Gaviti Akyl LTD
- HomeShare Online, Inc.
- LimeBike (Neutron Holdings Inc.)
- Lyft Inc
- movmi Shared Transportation Services, Inc.
- Spacious Ltd (HubbleHQ)
- Spotahome Ltd
- Stashbee Limited
- Uber Technologies, Inc.
- Zipcar, Inc.;
Table Information
Report Attribute | Details |
---|---|
No. of Pages | 288 |
Published | December 2024 |
Forecast Period | 2023 - 2030 |
Estimated Market Value ( USD | $ 287.9 Billion |
Forecasted Market Value ( USD | $ 1400 Billion |
Compound Annual Growth Rate | 25.1% |
Regions Covered | Global |
No. of Companies Mentioned | 15 |